Mint State Silver Eagle Coins FAQs
Yes, "Mint State" Silver Eagles are often referred to as "Bullion" Silver Eagles and ASE. While both "Mint State" and "Bullion" describe coins that are uncirculated, the term "Bullion" emphasizes the coin's value in terms of its metal content and its primary purpose as an investment vehicle. On the other hand, the term "Mint State" emphasizes the coin's condition and lack of wear.
In the context of the American Silver Eagle program, the U.S. Mint produces three main types of Silver Eagles:
Bullion (Mint State) Silver Eagles: These are intended primarily for investors and are sold at a small premium over the current silver spot price. They do not have a mint mark.
Proof Silver Eagles: These are struck for collectors and usually have a mirror-like finish. They often carry the "W" mint mark for the West Point Mint, though other mint marks have been used in the past.
Burnished (or Uncirculated) Silver Eagles: These are also for collectors and have a matte-like finish. They typically carry the "W" mint mark for the West Point Mint.
While "Bullion" and "Mint State" can be used interchangeably for Silver Eagles, it's essential to differentiate them from the Proof and Burnished versions, which are specifically produced for collectors.
The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint in 1986. Over the years, the Silver Eagle has been produced at three different mints:
Philadelphia Mint
San Francisco Mint
West Point Mint
These mints have been responsible for producing various versions of the Silver Eagle, including bullion, proof, and uncirculated versions. The specific mint mark on the coin can help identify where it was produced.