Silver Ounce (1 oz), American Eagle, Coin Type from United States - detailed information

Silver Ounce (1 oz), American Eagle, Coin Type from United States (issued 1986 - )
Coin TypeSilver Ounce (1 oz), American Eagle

Like many other mints, the United States Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. Its flagship bullion range is the American Eagle, part of which the American Silver Eagle. Unlike the versions in other metals, the Silver Eagle is only offered in one size, which is one troy ounce (1oz) of silver.

The composition of the metal is 99.9% silver. The design on the coin's obverse was adapted from the Walking Liberty design by Adolph A. Weinman, which originally had been used on the Walking Liberty Half Dollar coin of the United States from 1916 to 1947. As this iconic design had been a public favourite - and one of the most beloved designs of any United States coinage of modern times, silver or otherwise - it was revived for the Silver Eagle decades later.

From 1986 to 2021, the reverse design was by John Mercanti and portrayed a heraldic eagle behind a shield, inspired by the earliest American silver coinage. In 2021, the reverse changed to a design by Emily Damstra depicting an eagle landing on a branch.

American Eagles are popular with investors in the US because they are "IRA approved" - meaning that they can be included in an "Individual Retirement Account" (IRA) which can allow the investor to claim tax benefits when the coins are sold at a profit through a discounted tax rate on the capital gains.

Obverse

The obverse of the coin depicts the female personification of the idea of Liberty (variously also called Miss Liberty or Lady Liberty) as a young woman seen in profile, walking to left, carrying branches of laurel and oak which represent civil and military glory. She wears sandals and is draped in the folds of the American flag, which billows behind her, and her right arm is extended forward in a gesture of bestowing freedom. Below left, the rising sun towards which she is walking, as a symbol of a new day and hope.
Around above, the inscription LIBERTY.

On two lines in the lower right field, the motto IN GOD WE TRUST. Below that (on editions from 2021 and later), the artist's monogram WA, for Adolph Weinman.

In the exergue, the year of issue: [year].

Obverse Inscription LIBERTY IN GOD WE TRUST [year]
Reverse

There have been two reverse designs of the American Silver Eagle:

Type 1 (1986 - 2021) features the main part of the obverse (or front) of the Great Seal of the United States, which displays the full achievement of the national Coat of Arms. The design has the Union Shield at centre, legally blazoned as "paleways of 13 pieces, argent and gules; a chief, azure" (thirteen vertical stripes, white and red, with a blue horizontal bar on top). The supporter of the shield is a bald eagle with its wings outstretched (or "displayed", in heraldic terms). From the eagle's perspective, it holds a bundle of six arrows in its left talon, and an olive branch in its right talon. Its head is turned towards the olive branch, indicating a preference for piece over war. In its beak, the eagle clutches a scroll with the motto E PLURIBUS UNUM ("Out of Many, One"). Over its head there appears an arrangement, on four lines, of 13 five-pointed stars. The recurring number 13 refers to the 13 original states. The eagle has its head turned towards the arrows - unlike later versions where it looks towards the olive branch, to symbolise a preference for peace. In small letters below right, the initials of the designer: JM, for John Mercanti.

Around above, the name of the country: UNITED STATES OF AMERICA. Around below, the precious metal content and the face value: 1 OZ. FINE SILVER ~ ONE DOLLAR.

Type 2 (2021 - present) depicts an eagle landing on a branch. Below left, the designer's initials ESD, for Emily Susan Damstra; below right, the engraver's initials MG, for Michael Gaudioso.
Around left, the inscription UNITED STATES OF AMERICA. Around right in small letters, the motto E PLURIBUS UNUM; translated from Latin, it means "Out of many, one" and signifies unity in diversity.
Around below right in larger letters, the face value and the precious metal content: · ONE DOLLAR · 1 OZ. FINE SILVER.

Reverse Inscription UNITED STATES OF AMERICA E PLURIBUS UNUM · ONE DOLLAR · 1 OZ. FINE SILVER
EdgeMilledEdge InscriptionNone
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Coin Type: Silver Ounce (1 oz), American Eagle - (21) Coins
Coin NameMintageSymbolLegend
Silver Ounce 1986 American Eagle 6,839,783 Walking Liberty LIBERTY IN GOD WE TRUST 1986
Silver Ounce 1987 American Eagle 12,347,067 Walking Liberty LIBERTY IN GOD WE TRUST 1987
Silver Ounce 1988 American Eagle 5,562,016 Walking Liberty LIBERTY IN GOD WE TRUST 1988
Silver Ounce 1989 American Eagle 5,821,021 Walking Liberty LIBERTY IN GOD WE TRUST 1989
Silver Ounce 1990 American Eagle 6,535,620 Walking Liberty LIBERTY IN GOD WE TRUST 1990
Silver Ounce 1991 American Eagle 7,702,990 Walking Liberty LIBERTY IN GOD WE TRUST 1991
Silver Ounce 1992 American Eagle 6,038,620 Walking Liberty LIBERTY IN GOD WE TRUST 1992
Silver Ounce 1993 American Eagle 7,167,387 Walking Liberty LIBERTY IN GOD WE TRUST 1993
Silver Ounce 1994 American Eagle 4,599,487 Walking Liberty LIBERTY IN GOD WE TRUST 1994
Silver Ounce 1995 American Eagle 5,140,687 Walking Liberty LIBERTY IN GOD WE TRUST 1995
Silver Ounce 1996 American Eagle 4,103,386 Walking Liberty LIBERTY IN GOD WE TRUST 1996
Silver Ounce 1997 American Eagle 4,730,372 Walking Liberty LIBERTY IN GOD WE TRUST 1997
Silver Ounce 1998 American Eagle 5,297,549 Walking Liberty LIBERTY IN GOD WE TRUST 1998
Silver Ounce 1999 American Eagle 7,958,409 Walking Liberty LIBERTY IN GOD WE TRUST 1999
Silver Ounce 2000 American Eagle 9,839,132 Walking Liberty LIBERTY IN GOD WE TRUST 2000
Silver Ounce 2001 American Eagle 9,748,109 Walking Liberty LIBERTY IN GOD WE TRUST 2001
Silver Ounce 2002 American Eagle 11,186,368 Walking Liberty LIBERTY IN GOD WE TRUST 2002
Silver Ounce 2003 American Eagle 9,242,839 Walking Liberty LIBERTY IN GOD WE TRUST 2003
Silver Ounce 2004 American Eagle 9,684,356 Walking Liberty LIBERTY IN GOD WE TRUST 2004
Silver Ounce 2005 American Eagle 9,707,688 Walking Liberty LIBERTY IN GOD WE TRUST 2005
Silver Ounce 2006 American Eagle 12,485,924 Walking Liberty LIBERTY IN GOD WE TRUST 2006
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Silver Ounce (1 oz), American Eagle: Details
CountryUnited States
CurrencyUS Dollar
Sub-type ofSilver Ounce (1 oz), Bullion
From1986
Face Value1 (x Dollar)
CurrentYes
Material0.999 Silver
Designer
TechnologyMilled (machine-made)
ShapeRound
OrientationCoin Alignment (Axis 6)
Size40.6000 mm
Thickness2.9800 mm
Mass31.1030 g