Silver Eagles:

American Silver Eagle Coins

One-ounce American Silver Eagles are official US Mint one-dollar coins. Because they are one-dollar coins, they are often called American Eagle silver dollars.

Since Silver Eagle coins were introduced in 1986, more than 165 million have been minted, making Silver Eagles the most successful U.S. Mint silver bullion coins ever.

Each Silver Eagle coin contains one ounce .999 fine silver bullion and carries a symbolic $1 face value. The one-dollar face value makes Silver Eagles "silver dollars." In the coin industry, however, "silver dollars" refer to old silver dollars minted 1878-1904 and 1921-1935.

Further, the Silver Eagles' one-dollar face value officially makes American Silver Eagles legal tender. Because the law that permits the U.S. Mint to turn out Silver Eagles classifies them "numismatic," the Mint is allowed to sell Silver Eagles at prices above the one-dollar face value.

American Silver Eagles packaging

Silver Eagles are shipped by the Mint in boxes of 500. Each box contains 25 tubes with twenty Silver Eagles to a tube. A sealed box weighs 42 pounds and measures 15"X9"X5".

2010 Silver Eagles Prices

The minimum order for Silver Eagles is a Mint-sealed box of 500 coins, sometimes called a Silver Eagle Monster Box.  In a Mint-sealed box of 500 coins, 2010-dated Silver Eagles sell at a markup over spot of $2.80 each coin.  Larger orders enjoy still smaller markups over spot.

Although the minimum silver bullion order at CMIGS is five hundred ounces, the minimum order for pre-1965 90% "junk" silver coins is a $500 face value bag, which contains 357.5 ounces of silver.

Alternatives to American Eagle silver dollars are the Royal Canadian Mint's Canadian mapleleaf silver coins , which are .9999 fine (99.99% pure).  Silver Maple Leafs also come 500 to a box and usually are priced the same as Silver Eagles, if not lower.

Investors looking to buy low premium silver should consider the RCM 850-oz silver bars, which are the cheapest silver bars available for retail delivery.

When silver trades above $15, backdated American Silver Eagles sometimes are available at lower markups than current year Silver Eagle coins.  Rarely are backdated Silver Eagles available when silver trades below $15. If you call about buying Silver Eagles, ask about backdated coins for lower prices.

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