The American Silver Eagle is the official silver bullion coin of the United States, and it has been produced at three mints: the Philadelphia Mint, the San Francisco Mint, and the West Point Mint. The coin remains highly popular among investors and collectors due to its stunning design and highly liquid market.
The Silver Eagle coin captures the grace and elegance of Sculptor-Engraver Adolph A. Weinman’s celebrated Walking Liberty design. The obverse features Liberty striding toward the sunrise, draped in the Stars and Stripes and carrying branches of laurel and oak in her arms to symbolize both civil and military glory. The reverse design depicts a single eagle coming in for a landing, carrying an oak branch. Inscriptions are, “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “1 OZ. FINE SILVER,” and “ONE DOLLAR.” An interesting thing to note is that bullion strike Silver Eagles bear no mintmarks indicating which U.S. Mint facility produced the coins, therefore bullion Silver Eagles minted in West Point and San Francisco respectively are indistinguishable.
An anti-counterfeiting protection has been incorporated into the reeded edge of this bullion coin which began mid-year 2021. On the bottom edge just below the date of mintage (for Type 2 coins starting mid-year 2021), there is now a flattened spot, or “missing reed” which indicates an authentic U.S. Mint product.
American Silver Eagle bullion coins contain 1 troy ounce of .999 fine silver, weighing in at 31.10 grams. Because the Silver Eagle has a face value of $1 and is a legal-tender bullion coin with its weight, content, and purity guaranteed by the United States government, this coin is eligible to be held in individual retirement accounts (IRAs).