The American silver- Eagle (ASE) was very first released in 1986 as part of the American Eagle bullion program. American Eagle bullion coins to be authorized in 1985 and the an initial silver eagles were released ~ above November 24, 1986, ending up being immensely well-known with both investors and collectors from the beginning.

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The American silver- Eagle tote on that obverse the walking Liberty design by Adolph A. Weinman, a motif very first employed on joined States half dollars struck native 1916 with 1947 and brought out of a 39-year retirement to show up on this iconic silver- bullion coin. Meanwhile, the obverse carries a modern, stylized heraldic eagle by john Mercanti.

Types of American silver- Eagles

While the first decade of manufacturing saw a relatively staid lineup the ASEs, with conventional bullion high quality (formerly dubbed “uncirculated”) and proofs struck each year, in 1995 the West allude Mint to win a limited number of proofs because that inclusion in the 10th anniversary gold eagle set. The 1995-W silver eagle to be struck as a complimentary bonus inclusion with the anniversary set, and only 30,125 to be made. Castle quickly came to be popular v collectors, serving to this day as the rare regular-issue an essential date to the whole series.

Since the an initial decade of the 21st century, ASEs have actually been to win in several various other numismatic varieties, consisting of reverse proof and burnished finish. Highlight duties because that bullion-quality pieces originally went to the Philadelphia Mint and also early proofs came from mountain Francisco. However, minting assignments have readjusted over the years, v Philadelphia striking proofs because that a duration in the 1990s and also the West suggest Mint suspect the vast majority of ASE production by 2000.

Here’s a breakdown of the major types of American silver Eagles:

Bullion


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The bullion ASEs represent the base-level coins struck v the investor in mind. While they boast high-quality surfaces as is typical for all American Eagle bullion coinage, they room struck in very huge numbers and also are dispersed by the United says Mint v a network of authorized dealers through somewhat less regard for finish preservation 보다 bestowed upon numismatic strikes. They can be purchase for relatively small premiums over spot.

However, enlarge ASEs room worth a fairly far-ranging figure above spot values, together they room scarcer than an ext recent issues. Amongst the most beneficial of the bullion-quality strikes are the 1986, 1994, 1995, and also 1996, with the last serving together the vital date for all regular-issue bullion strikes.

Proof

The first proof American silver- Eagles were released in 1986 through the debut that the series and struck in every years except 2009, as soon as a planchet shortage reportedly upended manufacturing of every non-bullion silver- eagle coinage. Regular proofs are reasonably common, so some of the previously pieces are fairly rare in qualities of PR69 or above.


Silver Eagle proof | image via USA CoinBook


Reverse Proof

The very first reverse proof different of the American silver- Eagle premiered as a Philadelphia-mint to win in 2006 and was do in small numbers.

The proof range proved a success with collectors, and today the 2006-P reverse proof is reasonably scarce due to sustained demand. Several other reverse proofs complied with in 2011, 2012, and 2013, and also these pieces all remain an extremely popular v collectors; v a mintage the 99,882, the 2011-P turning back proof saw the shortest mintage among the 4 issues and also is the most an important of the reverse proof issues.


Reverse Proof silver Eagle | photo via USA CoinBook


Burnished (Uncirculated)

Debuting the very same year as the turning back proof, the very first burnished silver eagle was released in 2006 hailing native the West suggest Mint. They bear a finish comparable to the bullion-quality releases however offer a rather matte sheen and also are thus preferred by collectors as a unique numismatic issue.

Burnished ASEs have actually been made many years due to the fact that their debut, through the exceptions of 2009 and also 2010, during a period of vast demand because that the bullion-quality silver- eagles, because that which planchets space allocated with utmost priority.


Burnished silver- Eagle | image via USA CoinBook


Enhanced Finish

The an initial enhanced complete American silver- Eagle to be released in 2013, featuring a unique frosted, specimen-quality finish. It is a one-of-a-kind numismatic providing seldom checked out on the ASEs. The United claims Mint released its 2nd enhanced complete silver eagle in 2019 with the pride of Two countries 2-Coin Set, coupling the 2019-W amplified finish American silver- Eagle v a 2019 silver Canadian Maple sheet coin.


Enhanced complete ASE | image via USA CoinBook


Errors & Varieties

The ASE series offers a couple of interesting varieties. Probably the most famous and an important of these is the 2008-W Burnished reverse of 2007. An estimated 47,000 to be struck and are worth substantial premiums over regular-issue 2008-W Burnished end up ASEs.

When the relatively couple of known errors carry out hit the market, they are generally garden-variety off-center strikes and also blank planchets. Indeed, quality control at the United claims Mints is fairly high with all of its bullion coin programs, including the American silver Eagle.

Collecting American silver Eagles

It really goes without saying the the American silver Eagle routine is amongst the most renowned of all bullion coin program in the world. It’s not the oldest of the modern-day world bullion series—the gold southern African Krugerrand yellow coins came in 1967, the Canadian Maple leaf debuted in 1979, mexican Libertads to be born in 1981, and the Chinese Panda routine was unveiled in 1982.

But the American silver Eagle, along with its American yellow Eagle equivalent (and so late the platinum and palladium releases) space widely traded both in the united States and also abroad and trusted through investors and collectors the world over. Castle are amongst the most generally encountered coins in the precious metals circle.

View the different Silver Eagle product listings accessible for revenue at Gainesville Coins on our classification page.


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Gold and also Silver Eagle comparison.


While numismatic strikes are greatly intended because that collectors, a fair number of investors likewise buy them to include some pizzazz to your holdings. Meanwhile, the bullion-quality ASEs also enjoy converse crossover appeal with collectors, plenty of of whom build date sets spanning from 1986 come the present.

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Many collectors go after all varieties of ASEs, and also the silver eagle registry set collecting objectives set forth by significant encapsulation services experienced Coin Grading service (PCGS) and Numismatic Guaranty copy, group (NGC) compel deep-pocketed collectors to buy super-grade instances in search of the building the highest-quality collection possible.

Silver Eagle Coin Values

Date/IssuePrice

1986$40
1986-S (proof)$60
1987$28
1987-S (proof)$60
1988$25
1988-S (proof)$60
1989$25
1989-S (proof)$60
1990$25
1990-S (proof)$60
1991$25
1991-S (proof)$60
1992$30
1992-S (proof)$60
1993$30
1993-P (proof)$95
1994$40
1994-P (proof)$200
1995$35
1995-P (proof)$80
1995-W (proof)$4,000
1996$60
1996-P (proof)$80
1997$30
1997-P (proof)$85
1998$30
1998-P (proof)$60
1999$30
1999-P (proof)$60
2000$30
2000-P (proof)$60
2001$29
2001-W (proof)$60
2002$25
2002-W (proof)$65
2003$25
2003-W (proof)$60
2004$25
2004-W (proof)$60
2005$25
2005-W (proof)$60
2006$25
2006-W (burnished)$50
2006-W (proof)$60
2006-P (reverse proof)$150
2007$25
2007-W (burnished)$50
2007-W (proof)$60
2008$25
2008-W (burnished)$45
2008-W (burnished, reverse of 2007)$500
2008-W (proof)$60
2009$25
2010$25
2010-W (proof)$60
2011$25
2011-W (burnished)$40
2011-S (burnished)$250
2011-W (proof)$60
2011-P (reverse proof)$250
2012$25
2012-W (burnished)$70
2012-W (proof)$60
2012-S (reverse proof)$130
2012-S (proof)$65
2013$25
2013-W (burnished)$55
2013-W (enhanced finish)$100
2013-W (proof)$60
2013-W (reverse proof)$120
2014$25
2014-W (burnished)$55
2014-W (proof)$60
2015$25
2015-W (burnished)$55
2015-W (proof)$60
2016$25
2016-W (burnished)$55
2016-W (proof)$70
2017$25
2017-W (burnished)$45
2017-W (proof)$60
2018$25
2018-W (burnished)$50
2018-W (proof)$60

Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has actually won many awards indigenous the Numismatic literature Guild. He has also authored numerous books, including works profiling the background of the United says Mint and also United states coinage.