About American Eagle Silver Coins
The American Eagle silver coin mirrors the strength and stability of the United States, struck from 99.9% silver. As a result, it is one of the most popular white-metal assets in the world. Embossed with a meticulous design and manufactured to the highest quality, American Eagle silver coins are an asset that should be included in any retirement plan.
History of American Eagle Silver Coins
American silver coins were initially released in the fiscal year 1986 after the Government attempted to sell stockpiled silver, leading to a loss for taxpayers. The plan for the stockpiled silver was to balance the budget, but the US Federal Reserve was to offer silver at lower prices.
To rectify the error, the Senate recommended that coins would be worth more if made and sold as silver bullion coins. Accordingly, the US Mint was solely responsible for producing the American Silver Eagle to precise specifications, security measures, and design.
The first Silver American Eagle coin was struck in San Francisco on October 29, 1986, in a gathering attended by then Secretary of the Treasury James A. Baker III. In 1999, Philadelphia and West Point were invited to expand the production of American Silver Eagle coins to cope with the high demand.
Why buy American Eagle silver coins
Investors commonly buy silver for three reasons: to diversify their retirement portfolio, to hedge against paper-based assets in the unavoidable event of an economic breakdown, or for survival purposes when banks default and have no money to release to account holders.
The current economic situation is still being determined. However, with countries worldwide increasing trillions in debt, it’s only a matter of time before the credit ceiling crumble and banks fall into insolvency. Buying silver coins prepares you for a repeat of the banking crises we have already witnessed this millennium in Argentina, Paraguay, and Cyprus.
The American Eagle Silver coins are carefully produced using advanced minting techniques that are only possible to counterfeit with advanced technologies. Made with .999 fineness and bearing the irrepressible design of the walking Liberty, American Eagle silver coins are among the best-selling valuable metals in their class.
Silver also has a history as a dependable investment tool. For example, during an economic downturn, silver prices go up and hedge against paper-based assets, which generally lose value during a financial crisis. Silver coins represent a sensible investment that gives investors purchasing power after retirement.
Design of American Eagle silver coins
The design of the American Eagle silver coins is full of symbolism. It honors the creation of Adolph A. Weinman’s Walking Liberty, featured initially on Half Dollar coins between 1916 and 1947. The Walking Liberty is regarded as one of the most adored designs in American history.
On the reverse side is the famous American Eagle that appears on dollar bills and is the very mark that represents the nation’s pride, freedom, and patriotism. American Silver Eagle Coins also bear the price of one dollar.
However, the denomination featured on the reverse side of silver coins does not mirror the actual value in the current economic climate – American Eagle Silver coins are worth much more. Therefore, the value is calculated with silver spot prices.
American Silver Eagle Coins: IRA Investment
American Eagle Silver coins are sold in proof and bullion editions and minted in various weights; an ounce, half-ounce, quarter-ounce, and one-tenth. Silver coins are produced in multiple weights to make these highly sought-after coins available to investors of all budgets.
Furthermore, American Silver Eagle coins are created to high-quality specifications that cannot be recreated. Subsequently, the security of these coins is guaranteed by the US Government, thereby making them an ideal investment tool that has the potential to grow spending power when added to Silver IRAs.
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