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American Silver Eagle FAQ 

A Silver Eagle is a one-ounce bullion coin issued by the United States Mint since 1986. It contains one troy ounce of 99.9% pure silver and carries a nominal face value of one dollar. The Silver Eagle is highly sought after by both collectors and investors for its silver content and beautiful design.

Silver Eagles are popular among collectors due to their beautiful design, featuring Adolph A. Weinman's iconic Walking Liberty on the obverse and John Mercanti's heraldic eagle on the reverse. Their purity, reliability, and the backing of the US government also contribute to their popularity.

Yes, Silver Eagles can be used as legal tender at their face value of one dollar. However, their market value based on the current silver price is much higher, making it impractical to use them as regular currency.

There are three main types of Silver Eagles available: bullion, proof, and uncirculated. Bullion Silver Eagles are intended for investors and are valued for their silver content. Proof Silver Eagles, with their mirror-like finish, are targeted at collectors. Uncirculated Silver Eagles are specially minted for collectors and have a matte-like finish.

Authenticating a Silver Eagle involves checking its weight, diameter, thickness, and appearance. Genuine Silver Eagles weigh exactly one troy ounce, have a diameter of 40.6 mm, and a thickness of 2.98 mm for bullion and 3.1 mm for proof coins. Detailed examination of the coin's design and edge can also help verify its authenticity.

The 1995-W Proof Silver Eagle is one of the most valuable Silver Eagles, especially in perfect condition. It was part of a special set and has a relatively low mintage, making it highly sought after by collectors.

The value of Silver Eagles is closely tied to the price of silver. As the price of silver goes up, the market value of Silver Eagles typically increases, and vice versa. However, collector editions like proof or special mintages may carry a premium above the silver content value.

Silver Eagles can be purchased from reputable coin dealers, precious metals dealers, online marketplaces, and directly from the United States Mint during certain release periods. It's important to buy from reputable sources to ensure authenticity.

Yes, counterfeit Silver Eagles do exist. It's crucial to purchase Silver Eagles from reputable dealers and consider professional grading and authentication for higher-value coins to ensure authenticity.

Silver Eagles should be stored in a cool, dry place, ideally in protective coin holders, tubes, or cases designed for coin storage. This protects the coins from environmental damage, handling, and potential tarnishing, preserving their value and condition.