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Sunday, November 15, 2009

Collecting Silver American Eagles

By James Buchanan

American Silver Eagles are highly regarded by both collectors and investors, and are some of the most attractive bullion coins that you can possibly acquire for your portfolio or coin collection.

The American Eagle Coin Program started in'86, and has become the authorized bullion silver coin of the United States of America. Put out by the Mint, American Silver Eagles are unique in that the coins may be included by individuals for the funding of their IRA's.

The United States government produces these silver bullion coins with one troy ounce of .9999 pure silver. This is one of the small number of bullion coins in the world to be designed with such a high amount of silver. The bullion coins have a nominal face value of 1 dollar though the true value of each silver eagle is based on the current spot price of silver.

The unique coins were created and produced with the famous Walking Liberty design by famed sculptor Adolph A Weinman on the obverse. If you've ever seen the unforgettable half dollar coins produced from the years'16 to'47, you will undoubtedly be familiar with this lovely rendition of Lady Liberty. This is crucial in that these bullion coins have helped the design featured on the silver eagles to become such an legendary figure. The design that is featured on the coin's reverse was sculpted by John Mercanti, featuring a heraldic eagle with its wings unfolded.

There are countless collectors of Silver American Eagles and each has his or her individual basis for becoming caught up in the hobby. A number of collectors are in love with the coin's dazzling craftsmanship, while others take pleasure in the silver coins for their possible long term worth.

To determine the value of a individual coin, a number of considerations should be taken into account counting factors like the year that the coin is created, as some years they production figures were lower than others, thereby lowering the overall numbers of bullion coin in the hands of the general public. Coins that were minted in'93 and'97 or anniversary editions for instance, tend to be among the bullion coin that collectors are searching out, and bring higher interest when sold through coin dealers or at auctions.

At the moment, American Silver Eagles are enjoying a fantastic rush in popularity, due to the unsure economic climate. As precious metals tend to make a excellent hedge against falling dollar values, investors are in search of the protection offered by gold, platinum and silver bullion coins. - 23218

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