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5 Interesting Facts about American Eagle 1 oz Silver Coin ― Buy Silver Online

A first glance may suggest that American Eagle 1 oz silver coins are an easy investment. In fact, these coins might appear boring. They haven’t the same enchantment and mystery as a silver dollar from the early 19th century. However, when you closely examine the coin’s history, you’ll discover it to be quite unique. And it has developed an impressive history in a relatively short time. The American silver eagle has a few fascinating facts, some of which may amaze you. If you want to buy the silver online, you can buy it from Ploutos, a trusted online bullion dealer in the USA. 

Let’s have a look at interesting facts about American Eagle 1 oz silver coins.

Stockpiles Were the Starting Point

A truly beautiful coin ― “In God, We Trust,” adorns the obverse along with Lady Liberty’s side profile image, and a glorious heraldic eagle depiction by John Mercanti appears on the reverse. However, it may surprise you that these coins started out as a way of disposing of excessive silver.

Over 100 million ounces of silver were in the U.S. government’s stockpile. In many lawmakers’ minds, too much silver was causing silver’s price to drop. So in 1985, congress passed a coin disposal program to dispose of excess coins. In 1986, the silver stockpile began to decrease, and the process went on until 2002 for it to be depleted.

Made From Silver Mined in the U.S.

Under the 1985 Coin Act, only U.S. mined silver can be used to produce American silver eagles. Alaska, Nevada, and Idaho mine the majority of U.S. silver. Private companies process the silver into planchets or blanks and deliver them to the U.S. Mint.

One of the Most Collectible Silver Dollars 

You may not first think of American Eagle 1 oz silver coins when thinking silver coins. You may instead prefer Peace and Morgan dollars, produced before 1935 if you’re a collector. However, American Eagle silver coins are the most collected U.S. silver dollars, according to numismatics expert Michael “Miles” Standish.

A Redesign of the Coin Took Place in 2021

The design of the American eagle 1 oz silver coin remained unchanged between 1986 and 2021. However, another design was produced by the U.S. Mint in 2021 aside from the original design.

In the first design of the 2021 silver eagles, referred to as “Type 1 silver eagles,” Adolph A. Weinman appears in a new light. Newly designed coins also feature this obverse design.

What makes the difference is the reverse design. Silver Eagle coins were all designed by John Mercanti to depict an olive branch and arrows grasping a heraldic eagle. The reverse sides of the coins were, however, redesigned.

The coin’s reverse now features an eagle hovering just before landing and carrying a branch as if adding to its nest. Emily Damstra created it. 

Over $10,000 Was Bid at an Auction for an American Eagle 1 Oz Silver Coin

United States government guarantees that the American eagle 1 oz silver coin contains a troy ounce of 99.99% pure silver and is legal tender. Therefore, it has the same value as the spot price per troy ounce of silver complemented with the dealer’s markup or premium.

The value of certain silver eagles, however, is much higher. Over $13,000 was paid at auction for a 1999 silver Eagle in 2019. And just recently, it reached $14,400, a new all-time high. 

Buy American Eagle 1 oz. Silver Coins Online

If you want to buy American silver coins at best spot price in USA or buy silver online, Ploutos Gold and Silver has what you need. Get in touch with our experts today to buy these fascinating coins.

Michael BarrowMichael Barrow
19:58 23 May 23
Great products and working with Ploutos is a real pleasure,wish other businesses were as friendly and easy to deal with. I would recommend them any time and i will be ordering more products
Austin HAustin H
17:55 24 Apr 23
Nikos was so professional! He helped me with great recommendations and I couldn't be happier with the products.Thanks Nikos!!
jonathan ortizjonathan ortiz
00:18 22 Apr 23
For any first time customer I highly recommend Ploutos gold and silver. Niko is well knowledgeable about his products and helped answer all of my questions and concerns.
Joshua KelleherJoshua Kelleher
22:39 19 Apr 23
Niko is fantastic. Bought some maples, krugerrands, and cook island silver 1 ounce coins which were amazing. When I picked them up they were straight from the mint. Everything was in pristine condition. Given the high demand lately it took a couple weeks for everything to come in, but it was well worth the wait. Prices were fair and Niko is a great guy to talk to. I would recommend this place to anyone looking to buy physical bullion.
Brian BaragaBrian Baraga
09:22 06 Apr 23
I recently made several orders online and everything was delivered in a very short time. The owner of the business was extremely helpful in finding items I was interested in and was able to fulfill my request.
John PicardJohn Picard
04:25 08 Feb 23
Bought a couple of times now from Niko. His prices are the lowest and most fair. He works very hard to get you the product that you want and cares about customer satisfaction. You can feel confident buying from Niko.
Dave GuerraDave Guerra
21:10 16 Jan 23
Love this guy. Niko was so willing to help me even off hours. I would send him a text about a certain item, and he would call me back promptly to see how he could help me out. Niko has been the best my wife and I have ever work with. Please everyone do your business with ploutos Gold and Silver. If he doesn’t have what you’re looking for,He will get it.
George TiglianidisGeorge Tiglianidis
02:07 01 Nov 22
I’ve always wanted to purchase precious metals and wanting to support a localbusiness a friend recommended Ploutos.I placed my first order with Niko last December of 2021 as a stocking stuffer for my kids. My order was placed online and just a few days later my order had arrived, nicely packaged with a bow!I caught the itch and months later I wanted to make another purchase. This time it was a bigger order of silver rounds, the price was competitive and because I’m not to far, Niko hand delivered my order the very next day!His prices are competitive and his customer service is top notch.If you have any questions, Niko knows his stuff.Since I’ve done business with Niko and Ploutos, I have recommended his services to a few other friends and they all agree that Ploutos is legit.If you have any hesitation, a phone call with Niko will put your mind at ease.

Why Choose Precious Metals from Ploutos Gold and Silver?

Ploutos Gold and Silver, a reputable name in the industry, empathizes with the aspirations of Gold and Silver enthusiasts. Our journey is intertwined with yours and every customer we welcome, as we extend our personal insights along with a wealth of resources to empower you in your own research endeavors.

While Precious Metals hold the potential to enhance a diversified portfolio, Ploutos Gold and Silver acknowledges that this investment might not resonate with everyone. It transcends the realm of mere numbers on paper – Gold and Silver embody a tangible value that stands resilient against the test of time. Unlike the turbulence of stock markets, their value isn't swayed solely by global financial dynamics; myriad factors contribute to their pricing. Gold and Silver investments often pass down through generations, embracing the enduring value they uphold.

Explore Gold and Silver Prices

When crafting an investment strategy for purchasing gold and silver, the role of prices is pivotal. Relying on a reputable source is of paramount importance. Ploutos Gold and Silver emerges as your steadfast hub for accurate Gold and Silver pricing. It's intriguing to note that many other prominent online bullion companies display discrepancies of up to $20 in their gold spot prices.

Visit our website's header for real-time updates on Gold and Silver pricing. Ploutos Gold and Silver provides transparent pricing data for Gold and Silver, available 24/7.

What factors influence Gold and Silver prices? It encompasses current events, market speculations, currency dynamics, supply and demand. Amidst these variables, the intrinsic worth of Precious Metals remains unwavering.

Explore Silver Brittania coins or American Gold Eagles, a testament to the endorsement of the United States government. Embark on this journey with Ploutos Gold and Silver, where you receive discreetly shipped and insured Gold and Silver at your doorstep.

Witness our reviews firsthand and discover why individuals relish purchasing from a family-owned bullion company. Some even liken us to your Local Coin Shop that you needn't drive to! With Ploutos Gold and Silver, your path to acquiring Precious Metals is seamless and secure. Acquire your preferred Gold and Silver treasures 24/7 through our online portal.

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