American Silver Eagle

1986-Present • United States • $1

About This Coin

The American Silver Eagle is the official silver bullion coin of the United States. It features Adolph Weinman's iconic Walking Liberty design on the obverse and a heraldic eagle on the reverse.

Specifications

Composition

99.9% pure silver

Weight

31.103 grams (1 troy ounce)

Diameter

40.6 mm

Edge

Reeded

Designer

Adolph A. Weinman (obverse, 1916 original), John Mercanti (reverse)

Mintage

Varies by year (millions produced annually)

Estimated Values by Condition

Condition	Estimated Value
Poor (P)	Silver spot + $2-3
Good (G)	Silver spot + $3-4
Fine (F)	Silver spot + $4-5
Very Fine (VF)	Silver spot + $5-6
Extremely Fine (EF/XF)	Silver spot + $6-8
Uncirculated (MS)	Silver spot + $8-15

* Values are estimates based on market data and may vary significantly based on specific condition, mint mark, and market demand.

Identification Tips

Look for "1 OZ. FINE SILVER ~ ONE DOLLAR" on the reverse. The mint mark appears on the reverse (some years have no mint mark). West Point (W) issues are most common. Proof coins come in presentation boxes. The obverse features Liberty walking toward the sunrise with "LIBERTY", "IN GOD WE TRUST", and the year.

Historical Context

Authorized by the Liberty Coin Act of 1985, the American Silver Eagle began production in 1986 using the beloved Walking Liberty design from the 1916-1947 half dollar. It has become the world's most popular silver bullion coin. The U.S. Mint guarantees weight, content, and purity, making it trusted globally. In 2021, the reverse design was updated for the first time.

Notable Varieties

Burnished (uncirculated)
Proof
Enhanced Reverse Proof
Limited Edition Sets
Type 1 Reverse (1986-2021)
Type 2 Reverse (2021-present)

Frequently Asked Questions

What is the difference between bullion, proof, and burnished Silver Eagles?

Bullion coins are for investment, produced in large quantities with standard finishes. Proof coins have mirror-like fields and frosted designs, made for collectors. Burnished (uncirculated) coins have a matte finish and are sold directly by the mint at a premium. All contain 1 oz of pure silver.

Are American Silver Eagles a good investment?

Silver Eagles are popular investments due to government backing, high liquidity, and recognizability. They carry slightly higher premiums ($5-10 over spot) than generic silver rounds but are easier to sell. They are IRA-eligible and exempt from certain reporting requirements.