1 oz Silver Coin American Eagle
Do you wish to own one of the world’s most liquid physical silver investments? If so, Tavex is pleased to present the American Silver Eagle coin. Authorised by the United States Congress in 1985 and subsequently minted the following year, the American Silver Eagle coin has established itself as the leading silver bullion coin of the 21st century, with more than 375 million pieces produced since 1986. The sheer amount of American Silver Eagles minted guarantees unparalleled market liquidity and worldwide recognition.
Produced by the US West Point Mint, the American Silver Eagle coin contains one ounce of .999 fine silver and is the only investment-grade silver bullion coin whose purity and quality is guaranteed by the United States Government. Supported by its prestigious legal tender status, and depicting the beautiful design of the famous “Walking Liberty”, the American Silver Eagle bullion coin is an affordable silver investment that is suitable for any type of investor.
- The value of American Silver Eagle coins track the price of silver. The value of American Silver Eagles is primarily determined by their fine silver content which is linked to the prevailing price of silver.
- The price of American Silver Eagles will rise with inflation. Silver has proven itself throughout history to be a great asset in times of high inflation, appreciating faster and higher than most other investments!
- American Silver Eagle coins are highly popular among investors. With annual demand increasing from 5.4 million in 1986 to a massive 42.7 million coins in 2013, the United States Mint is using up over 5% of the world’s annual silver mine supply for the production of American Silver Eagles alone.
- American Silver Eagles are liquid and recognised. To date, over 375 million one-ounce pieces have been minted and issued by various US mints, making the American Silver Eagle the most sold silver coin in the 21st century.
- American Silver Eagle coins are money. Granted legal tender status in 1985 by the United States Congress, the American Silver Eagle is currently the only continuously produced American silver coin since the 1970s to have reclaimed this precious monetary stature.
- American Silver Eagles are .999 pure silver. American Silver Eagle coins are a great way to get this precious white metal in your hands.
- American Silver Eagles are the equivalent of savings. The historical low price of silver compared to gold makes it an ideal investment either for those who wish to invest smaller amounts or for those who believe they are getting more precious metal for their “buck” in anticipation of a steeper appreciation of the price of silver compared with gold.
The price of silver rises with inflation
Starting in the early 1960s, the US Government began to run large budget deficits, as revenue from taxes was not sufficient to cover spending related to the Vietnam War and the cost of various economic programmes implemented by different presidents. Deficit spending will always lead to higher prices of goods, services and commodities. The reason for this is twofold: first, aggregate demand increases more than the corresponding aggregate supply, due to the fact that finite resources are often diverted to non-productive investments, for instance the building of bombs. The other reason is attributed to how the deficits are financed, and most often this includes higher taxes, or money created out of thin air by the central bank, or both. Both of these options will likewise lead to higher prices in the economy. Thus, by the early 1970s, silver, as an asset sensitive to inflation, responded by rising in price. This made the public hoard circulating US legal tender silver coinage, as the silver content in the coins was now worth more than the nominal face value depicted on them. To halt the price rise of silver, and thus the subsequent hoarding of coins, the US Treasury actively engaged in managing the price of silver by selling large amounts of the metal from its strategic reserves onto the market. This practice was in place for several years, but the high inflation rate and consequently the high demand for silver persisted relentlessly. Fearing it would lose all silver bullion from its vault, the US Government in 1968 eliminated silver from its legal tender coinage, and in the next three years it stopped supplying silver to the market. The price of silver was left to trade freely, which is exactly what it did, and in the following nine years the price of silver increased from an average of $1.55 to $48.7 per ounce, a staggering increase of over 3000%!
The price of American Silver Eagles rises tenfold
Where does this leave the American Silver Eagle? Well, when the first American Silver Eagle coins were minted in 1986, the average price of silver was $5.47 per ounce and would average around the $5 mark until 2003. Unfortunately, but to some extent predictably, the repetitive nature of wars and their related financial cost, together with various spending programmes that were implemented in the midst of the recession in 2008, led to massive budget deficits in many western countries. Similar to what happened in the 1960s, the combination of wars and deficit spending sparked inflation, which made the American Silver Eagles between 2000 and 2011 surge in price by almost 1000 %.
The value of American Silver Eagle coins will rise with inflation
Although the world economy has somewhat stabilised since 2008, the underlying fundamental issues which caused silver, and consequently American Silver Eagles, to rise in price have yet to be resolved or even to be addressed. Budget deficits remain deeply negative in many developed economies, including the United States, government debt levels are likewise increasing, and the global geopolitical situation is highly tense. The fact that the annual sales of American Silver Eagles is still rising in the face of the “economic recovery” is another sign that long-term astute investors in increasingly larger numbers are becoming aware of the true fundamental state of the world economy and are drawing the same logical conclusion: it simply makes perfect sense to accumulate American Silver Eagle coins.
|Nominal value||Dimensions||Fineness||Product weight in grams||Silver weight in grams||Silver weight in Troy ounces|
|1 USD denomination||40.60 mm||999||31.13461 g||31.10347g||1|
The American Silver Eagle coin was first introduced in 1986 and has since been in continuous production. The United States West Point Mint is responsible for the production of the coins.
The obverse depicts the iconic design of “Walking Liberty” which was previous used for the 50-cent silver dollar between 1916 and 1947. The design was made by Adolph A. Weinman, a German/American sculptor, and was considered by many to be one of the most successful designs on a US legal tender coin. Above the main motif is the text “LIBERTY” and to the right “IN GOD WE TRUST”. The year of mintage is visible at the bottom.
The reverse portrays an eagle behind a shield. The motif was designed by John Mercanti, the twelfth chief engraver of the US Mint. The eagle clutches an olive branch in its right talon and a pair of arrows in its left. In its beak the eagle holds a ribbon with the text “E PLURIBUS UNUM” which is Latin for “one out of many”. Above the eagle are thirteen stars which represent the colonies which together declared independence from Great Britain in 1776. Under the eagle is a letter “W”, the mark for the West Point Mint where the coin is produced, and the letter “m”, the initial of John Mercanti. The eagle is surrounded by the text “UNITED STATES OF AMERICA” and “1 OZ. FINE SILVER – ONE DOLLAR”.
The American Silver Eagle contains 1 ounce of .999 fine silver and weighs 31.103 grams. The Silver Eagle is minted at West Point Mint.
When placing an order through our online shop, you can choose to have the products sent to your local post office or to collect them at our shop in Copenhagen. By post: Upon receipt of payment to Tavex’s account, your order will be shipped as an insured value package. You will receive an SMS and an e-mail from Post Danmark with a tracking number to get updates on your delivery. In person: Upon receipt of payment to Tavex’s account, we will contact you via phone and e-mail when your order is ready to be picked up in our shop (during opening hours). Valid photo ID will be required when collecting your items. Deliveries outside of Denmark are to be agreed with Tavex and can be arranged by contacting us on telephone + 45 33 12 09 07 or via e-mail through . Please refer to our “Terms and Conditions” for detailed delivery instructions.
When placing an order through our online shop, you can choose to have the products sent to your local post office or to collect them at our shop in Copenhagen.
By post: Upon receipt of payment to Tavex’s account, your order will be shipped as an insured value package. You will receive an SMS and an e-mail from Post Danmark with a tracking number to get updates on your delivery.
In person: Upon receipt of payment to Tavex’s account, we will contact you via phone and e-mail when your order is ready to be picked up in our shop (during opening hours). Valid photo ID will be required when collecting your items.
Deliveries outside of Denmark are to be agreed with Tavex and can be arranged by contacting us on telephone + 45 33 12 09 07 or via e-mail through .
Please refer to our “Terms and Conditions” for detailed delivery instructions.