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The American Silver Eagle is the official silver bullion coin of the United States.It was first released by the United States Mint on November 24, 1986, and portrays the Goddess of Liberty in a design by Adolph A. Weinman that was originally used on the Walking Liberty half dollar from 1916 to 1947.
A silver dollar would be worth $1 in silver if the price of silver is $1.29 per troy ounce. The current silver price (January 29, 2021) is $27.03 per troy ounce so a silver dollar is worth, in melt value of about US$20.90.
From 2007 to 2011, Presidential dollar coins were minted for circulation in large numbers, resulting in a large stockpile of unused $1 coins. From 2012 to 2016, new coins in the series were minted only for collectors. [1] A new coin was released on December 4, 2020, to honor George H. W. Bush, who died after the original program ended. [2] [3]
No proof coins were minted between 2006 and 2011; however, there was a 1-ounce silver proof Kookaburra colored coin struck in 2012 for the Discover Australia coin series. [4] Since 2012, the proof coin has been struck in high relief only. Special editions such as privy marked, colored and gilded are often available. [5]
The Bland–Allison Act, passed by Congress on February 28, 1878, required the Treasury to purchase a minimum of $2 million in domestically mined silver per month and coin it into silver dollars. [1] The Mint used a new design by engraver George T. Morgan , and struck what became known as the Morgan dollar .
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
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