What is the all time most collected coin in America?
It's in such great demand that the U.S. mint has to stop production, because they cannot keep up with the demand. This silver piece began its run in popularity in 1986 when President Ronald Reagan, enacted house of representatives to produce a 1 ounce silver dollar to meet the require of the community.
Why is one coin so well-liked?
The American Silver Eagle was first released in 1986 as part of the American Eagle Bullion Program. This program was authorized by Congress in 1985 to produce gold and silver bullion coins with their weight, content, and purity guaranteed by the United States Government
Why horde gold and silver coins?
The reason is because coins have four values.
1. Currency value -have the stated value.
2. Bullion or intrinsic-value is determined by the gold, or precious metal of coins content.
3. Content purity - coins purity is backed by the coins minting government.
4. Numismatic - is the certified conditional rarity of a collectable coin.
Numismatic is Greek. Numis means money, and matic means collecting. Numismatic coins are collectable coins that have long term value, and are passed down from generation to generation, reciveing more value and desirability every year.
What makes a numismatic coin?
Coins gain their numismatic value through certification. PCGS, NGC, and ANACS are all extremely respectable coin grading companies who are recognized world-wide. They certify coins on a MS (mint state) scale from 1 - 70. With MS 1 being barely recognized as a coin, and MS 70 being a perfect exclusive collectable coin. Our coin collecting club only accumulates and distributes MS70 coins. To accomplish this we have to buy coins in huge quantities from the mints, send them to one of the three grading companies to receive a MS rating, and only a tiny percentage come back MS70. fewer than 10 percent .
The Buying Power of the Club
By pulling are our money as one we are able to purchase coins in MS70 Condition, without the hassle mention above.
The obverse of the Silver Eagle is a copy of Adolph A. Weinman's design for the Liberty Walking half dollar produced from 1916 through 1947. Dominating the center field inside a flat rim, a full-length Liberty wears a lengthy windswept dress, accented with alternating bands of vertical stripes and blank panels, right arm extended with open hand, and left arm cradling a "bouquet" of laurel and oak branches. A wind-rippled American flag is behind Liberty, its end wrapped around her left arm. Liberty walks to the left across a plain, with a rim of mountains at the base accented by the sun with a burst of rays. A well-spaced LIBERTY follows along a little more than the top half of the coin inside the rim, with the letters BER partially obscured by the image of Liberty and the flag. IN GOD WE TRUST, two words on each of two lines, is located at the lower right, nearly touching the fabric of Liberty's gown.
The reverse displays a heraldic eagle with upswept wings and a Union shield across the breast, holding in its beak a flowing banner displaying E PLURIBUS to the left and UNUM to the right. The right claw holds an olive branch, the left a cluster of arrows. Above the eagle are 13 five-point stars, arranged in four rows with five stars at the top, then four, three, and finally one star on the bottom. Near the eagle on the right, below the left claw, are the initials JM for John Mercanti, the reverse designer. UNITED STATES OF AMERICA encircles the top half of the coin inside a flat rim, and 1 OZ. FINE SILVER ~ ONE DOLLAR completes the text circle at the bottom, the two phrases separated by centered dots. Silver Eagles have been minted at San Francisco, Philadelphia, and West Point; S, P, and W mintmarks (mostly on proofs, though also used on the 2006 20th Anniversary bullion sets) are located to the lower left of the eagle's right claw.
Purchasing Silver Eagle Coins
American Silver Eagle bullion coins are not sold directly to the public. Instead, the United States Mint sells the coins through a network of authorized bullion purchasers. These dealers are required to create a two way market with the public, both buying and selling Silver Eagle coins.
Silver Eagles can be purchased through several options. Bulk purchases can be made by buying so-called "Monster Boxes." These green boxes contain 25 tubes of 20-coin Silver Eagle rolls. As a bulk method, this usually yields the lowest premium per coin. More commonly coins are purchased by individual 20-coin rolls. The rolls have a distinctive green top depicting the seal of the United States Treasury. Silver Eagles can also be purchased individually. The premiums for purchasing coins individually are generally the highest.
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