With silver prices going upward at a record pace, investments like buying silver coins is a solid way to protect your money from the uncertainty of the current stock market fluctuations. The most popular silver dollar is the American Silver Eagle coin first minted in 1986. They are available in a single denomination of one dollar and are guaranteed to contain one troy ounce of 99.9% silver. It’s content, purity, and weight are certified by the United States Mint and can be used as legal tender. There are several different versions of the coin available produced at one of three mints: the Philadelphia, San Francisco and West Point.
The design of the coin has been adapted from the Walking Liberty half dollar designed by Adolph A. Weinman issued from 1916 to 1947. It shows Lady Liberty walking toward the sun, her flowing around her. The words LIBERTY hover over her and the phrase IN GOD WE TRUST is to her left. The opposite side has a heraldic eagle behind a shield with an olive branch in its right talon and arrows in its left. Above the eagle are thirteen five pointed stars that obviously represent the original Thirteen colonies. The phrases UNITED STATES OF AMERICA, 1 OZ. FINE SILVER ONE DOLLAR, and E PLURIBUS UNUM surround the coin.
Depending one when they were minted will depend on where they minted. From 1986 to 1998, they were minted at San Francisco. From 1999 to 2000, they were minted at Philadelphia and West Point. Since 2001, they have been minted only at West Point. Special issue coins are available from all the mints. For example, from 2006 to 2008, the United States Mint issued an uncirculated Silver Eagle coin produced at West Point. The coins were struck on specially burnished blanks and sometimes are referred to as "W Uncirculated" or "Burnished Uncirculated." These stopped being minted since 2008.
All American Silver Eagle coins carry a face value of one dollar in legal tender. But the silver and collectable value significantly raises the price, depending on the price of silver on the open market at the time of purchase. Depending on the type of coin bought will also radically affect the price. As dozens of special coins have been made over the years, some will be worth far more than others, thus the premium tag any such purchase would entail. For example, the 1995-W proof can be worth as much as $3500 while a more current, less rare version might be only worth $50. The best part of this is one can invest in this commodity, buying silver coins, no matter their net worth.