Talk:American Silver Eagle

A fact from American Silver Eagle appeared on Wikipedia's Main Page in the Did you know column on 8 April 2005. The text of the entry was as follows:

Did you know... that an American Silver Eagle coin contains a guaranteed minimum of one troy ounce of .999 pure silver?

A record of the entry may be seen at Wikipedia:Recent additions/2005/April.

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Text and/or other creative content from this version of American Silver Eagle was copied or moved into American Silver Eagle mintage figures with this edit on August 28, 2024. The former page's history now serves to provide attribution for that content in the latter page, and it must not be deleted as long as the latter page exists.

Value

This section is confusing. The terms are not defined. What is interesting is the price of American Eagles. There are prices for the rarer proofs discussed, but not the basic price of the mass of the coins which are bought be investors, not collectors, as bullion. My local coin dealer is currently selling them for the spot silver price + $6. That's a much higher premium than a year ago, but they are in high demand. Still that equates for $15 a coin today. This type of pricing should be explained in the article I think. —Preceding unsigned comment added by 24.20.177.193 (talk) 18:23, 20 October 2008 (UTC)[reply]

Milk Spots

Article is lacking any info on milkspot problems. -Colquhoun- —Preceding unsigned comment added by 99.147.17.27 (talk) 18:37, 3 March 2008 (UTC)[reply]

Troy ounce

The troy ounce is 31.103 476 8 g, not 28 g. - Alban 2005-04-07 19:18 UTC

Thirteen stars

Does anyone know why there are 13 stars?

I don't know this for a fact, but it's probably for the same reason as the thirteen stripes in the U.S. flag: The thirteen original States. - Alban 2005-04-08 17:21 UTC

It may also refer to the Thirteen Colonies, though the distinction between that and the thirteen original States is mostly pedantic. Markkawika 01:49, 9 November 2005 (UTC)[reply]

Video with this coin

This site: [Video] has a video with these coins.Agre22 (talk) 13:55, 17 November 2009 (UTC)agre22[reply]

5 oz. American Eagle

About 20 years ago I remember seeing a larger 5 oz. version of the silver American Eagle but can not find any info on them. Can you provide who minted it and if it was issued by the government like the highly known 1 oz silver American Eagle? —Preceding unsigned comment added by John ramage (talk • contribs) 17:48, 30 December 2009 (UTC)[reply]

I don't know who minted the coins/medals you are asking about, but they were not issued by the United States Mint. You might be referring to something like the ones on the APMEX site but notice they do not have a dollar value on them (i.e. not U.S. coins). The only silver bullion coins issued by the United States as of January 2010 are the American Silver Eagle coins. Later in 2010, the Mint will be issuing 5 oz. silver coins (America the Beautiful Silver Bullion Coins). Diiscool (talk) 04:15, 25 January 2010 (UTC)[reply]

Usage of Chicago Manual of Style

This article didn't seem to use any standard manual of style for citations so I changed everything to follow The Chicago Manual of Style. Diiscool (talk) 22:29, 30 January 2010 (UTC)[reply]

On second thought, maybe it would just be easier to use the Wikipedia citation templates. For example Template:Cite web. Diiscool (talk) 03:08, 11 March 2010 (UTC)[reply]

"may be used to fund an IRA" ?

"The American Silver Eagle bullion coin may be used to fund Individual Retirement Account investments.[1]" The cited reference does not state this, and I believe it to be untrue.

Kermit2 (talk) 21:17, 30 April 2010 (UTC)[reply]

On page 47 of IRS Publication 590 it says "Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U.S. gold coins, or one-ounce silver coins minted by the Treasury Department." The American Silver Eagle is the only one-ounce coin currently (April 30, 2010) minted by the United States Treasury Department. This article explains a little more. As with any investment, retirement, or tax issue, one should talk to a professional for more information. —Diiscool (talk) 01:26, 1 May 2010 (UTC)[reply]

Gross Weight

The weight is currently listed as: "31.101 g (1.00 troy oz)" But there are 31.1035 grams in a troy ounce. A few other articles have this same problem.

Also, it isn't stated if this is gross weight or silver weight (since the coin is .03% copper). —Preceding unsigned comment added by 173.213.166.71 (talk) 09:23, 24 July 2010 (UTC)[reply]

I changed the weight to 31.103 g which is what the authorizing legislation stipulates. Thanks for pointing this out. Not sure about the other point of your question but it is probably gross weight since it is not specified otherwise. — Diiscool (talk) 23:27, 24 July 2010 (UTC)[reply]

The legislation also stipulates .999 purity, not .9993. —Preceding unsigned comment added by 173.213.166.71 (talk) 05:16, 27 July 2010 (UTC)[reply]

Indeed. I couldn't quickly find any reference that stated 99.93% so I changed the article. Thanks for your sharp eye. — Diiscool (talk) 13:37, 27 July 2010 (UTC)[reply]

Effect of recession on availability, 2008–2010

The shortage of silver blanks in 2008 was not because of increased demand for precious metals in general. Indeed, the price of silver FELL to around $9/oz because margin calls in stock market accounts forced speculators to disgorge silver to raise cash. The shortage of bullion coin blanks occurred because small investors (such as myself) clamored to buy bullion coins during the "half price sale" that resulted from the stock market crash. The manufacturers of the blanks just couldn't keep up.

Thanks for pointing that out. I changed the sentence to clarify that it was demand for bullion coins specifically, as the cited article indicates. —Diiscool (talk) 13:31, 1 October 2010 (UTC)[reply]

I would also point out that the "hedge against inflation" rationale was at the time (2008) suspect also. The most savvy investors anticipated the brief episode of deflation that actually occurred in the broad money supply despite the base money supply being pumped extravagantly by the Fed ("pushing on a string"). I think the "wisdom of crowds" simply identified a bargain. Jive Dadson (talk) 17:59, 2 October 2010 (UTC)[reply]

Premium to dealers raised to $2.00

I was first alerted to the premium increase by APMEX, a very large dealer in bullion coins. Unfortunately for Wikipedia, it came in an email. There is no doubt it's true, but the mint says nothing about it on their web pages that I can find. Observation: APMEX and others sell generic rounds of the same purity as Silver Eagles for a premium as low as $0.79 retail. Jive Dadson (talk) 17:56, 2 October 2010 (UTC)[reply]

I, too, received the APMEX email. I agree that it's more than likely true and I'm sure APMEX got an official communication from the Mint about it. I will try to search the Federal Register more this week as I think we need to cite something that is more reliable than a commercial blog or the like. Let's see what comes this week.—Diiscool (talk) 13:38, 3 October 2010 (UTC)[reply]

I added in the $2.00 premium using this article as a citation. —Diiscool (talk) 00:42, 4 October 2010 (UTC)[reply]

Some 2020 Silver Eagle Bullion Coins Do Have "W" Mintmark

I personally own, purchased from the United States Mint, a 2020 Silver Eagle bullion dollar coin with "W" (the West Point mintmark) on it. The article states such coins do not have the "W" on them. However, I can verify that at least some of them do have the "W" mintmark.

Thibeinn (talk) 17:56, 7 October 2020 (UTC) If it has a mint mark and you bought it directly from the mint, it is likely a "uncirculated finish", not a bullion coin. Your can not purchase bullion versions direct from the mint, only from authorized purchasers. — Preceding unsigned comment added by 97.94.53.151 (talk) 12:13, 9 May 2022 (UTC)[reply]

Incorrect statement and missing set

Regarding the 2019S enhanced, this statement made is incorrect: "The Enhanced Reverse Proof American Silver Eagle was the first numismatic coin offered by the US accompanied by a Certificate of Authenticity with a serial number.[45]" The first coin (actually set) with a serial numbered COA is the missing set I mentioned, the 2007 Impressions of Liberty set. Numbered and also hand signed by Philip Diehl. 1oz AGE, ASE, and Platinum American Eagle, which was the inaugural year for that. Limited to 5000. First time the US Mint serial numbered anything. 97.94.53.151 (talk) 12:09, 9 May 2022 (UTC)[reply]