1993-P American Silver Eagle Proof
Bag yourself some silver with this 1993 American Silver Eagle proof. The popular coin is perfectly graded and a rarity in the proof silver eagle series. 1993 is a key date as it is when the Silver Eagle coins were moved to production at the Philadelphia Mint. It was the first time the proofs were struck at a different facility than regular strikes, coinciding with the 200th anniversary of the Philadelphia Mint, the first Mint to strike coins for the then-new U.S. Mint in 1793. The year was also a year of declining production with one of the lowest mintages of the series.
History
The Silver Eagle Coins, which is 99.93% silver, came into being due to what was deemed an excess in silver stockpiled by U.S. defense. Attempts were made to sell the silver but that only resulted in declining silver prices. It was decided the silver would be turned into coins and the first American silver bullion was incepted. 1986 was the first year of its release but regular strikes have been ongoing and a new design is expected in 2021.
American Silver Eagle Coins Design specifics
The obverse of the coin features the same walking liberty designed by Adolph A. Weinman back toward the beginning of the 20th century for one of the most lauded designs in U.S. coinage history. The reverse has a newer design by John Mercanti, his heraldic eagle positioned behind a shield with an olive branch in its right talon. Thirteen stars sit above the bird and a banner in its beak has on it the nation's motto: E Pluribus Unum. The Latin phrase means "Out of many, one."
1993 Silver Eagle Proof value and mintage
Only 405,913 1993-P American Silver Eagle proof coins were minted that year and its low mintage and other key characteristics allow silver eagles for sale from this year to enjoy a value of over $1,000, although the 1993 Silver Eagle has sold at auction as high as $4,601.
