The American silver Eagle (ASE) was very first released in 1986 as component of the American Eagle bullion program. American Eagle bullion coins to be authorized in 1985 and also the first silver eagles were released on November 24, 1986, ending up being immensely famous with both investors and collectors from the beginning.

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The American silver- Eagle carries on that is obverse the go Liberty style by Adolph A. Weinman, a motif very first employed on joined States fifty percent dollars struck from 1916 through 1947 and also brought out of a 39-year retirement to appear on this iconic silver bullion coin. Meanwhile, the obverse tote a modern, stylized heraldic eagle by man Mercanti.

Types of American silver Eagles

While the first decade of production saw a fairly staid lineup that ASEs, v conventional bullion high quality (formerly referred to as “uncirculated”) and proofs struck each year, in 1995 the West point Mint to win a limited number of proofs for inclusion in the 10th anniversary yellow eagle set. The 1995-W silver eagle to be struck as a cost-free bonus inclusion through the anniversary set, and also only 30,125 to be made. Lock quickly ended up being popular with collectors, offer to now as the rarely regular-issue key date come the whole series.

Since the very first decade of the 21st century, ASEs have actually been struck in several various other numismatic varieties, including reverse proof and also burnished finish. Highlight duties for bullion-quality pieces initially went come the Philadelphia Mint and also early proofs come from san Francisco. However, minting assignments have changed over the years, v Philadelphia highlight proofs because that a period in the 1990s and also the West point Mint assuming the vast majority of ASE manufacturing by 2000.

Here’s a failure of the significant types the American silver Eagles:



The bullion ASEs stand for the base-level coins struck through the investor in mind. While castle boast high-quality surfaces as is usual for every American Eagle bullion coinage, they room struck in very large numbers and also are dispersed by the United claims Mint through a network that authorized dealers through somewhat much less regard for finish preservation than bestowed ~ above numismatic strikes. They have the right to be to buy for relatively small premiums end spot.

However, enlarge ASEs space worth a fairly far-reaching figure above spot values, as they room scarcer than more recent issues. Amongst the most an useful of the bullion-quality strikes are the 1986, 1994, 1995, and also 1996, with the last serving together the an essential date for every regular-issue bullion strikes.


The first proof American silver- Eagles were released in 1986 through the debut that the series and to win in every years other than 2009, as soon as a planchet shortage reportedly upended production of every non-bullion silver eagle coinage. Consistent proofs are reasonably common, so some of the earlier pieces are fairly rare in qualities of PR69 or above.

Silver Eagle proof | picture via USA CoinBook

Reverse Proof

The first reverse proof variant of the American silver- Eagle premiered as a Philadelphia-mint win in 2006 and was do in little numbers.

The proof selection proved a success with collectors, and today the 2006-P turning back proof is reasonably scarce as result of sustained demand. Several various other reverse proofs complied with in 2011, 2012, and also 2013, and these piece all remain really popular v collectors; with a mintage that 99,882, the 2011-P reverse proof experienced the lowest mintage amongst the 4 issues and is the most beneficial of the reverse proof issues.

Reverse Proof silver Eagle | picture via USA CoinBook

Burnished (Uncirculated)

Debuting the same year together the turning back proof, the very first burnished silver eagle to be released in 2006 hailing native the West point Mint. They be afflicted with a finish comparable to the bullion-quality releases but offer a rather matte sheen and also are thus wanted by collectors together a unique numismatic issue.

Burnished ASEs have been made many years since their debut, through the exceptions of 2009 and also 2010, throughout a period of huge demand for the bullion-quality silver eagles, for which planchets room allocated with utmost priority.

Burnished silver Eagle | picture via USA CoinBook

Enhanced Finish

The first enhanced end up American silver- Eagle to be released in 2013, featuring a unique frosted, specimen-quality finish. The is a distinct numismatic offering seldom checked out on the ASEs. The United states Mint released its 2nd enhanced complete silver eagle in 2019 v the proud of Two nations 2-Coin Set, coupling the 2019-W intensified finish American silver- Eagle through a 2019 silver Canadian Maple leaf coin.

Enhanced end up ASE | photo via USA CoinBook

Errors & Varieties

The ASE series offers a few interesting varieties. Perhaps the most renowned and beneficial of these is the 2008-W Burnished turning back of 2007. An approximated 47,000 were struck and are worth huge premiums end regular-issue 2008-W Burnished finish ASEs.

When the relatively few known errors perform hit the market, lock are typically garden-variety off-center strikes and also blank planchets. Indeed, quality regulate at the United says Mints is quite high with every one of its bullion coin programs, consisting of the American silver Eagle.

Collecting American silver- Eagles

It yes, really goes without saying the the American silver- Eagle regime is among the most renowned of all bullion coin program in the world. It’s no the oldest of the modern-day world bullion series—the gold south African Krugerrand gold coins come in 1967, the Canadian Maple leaf debuted in 1979, mexican Libertads to be born in 1981, and the Chinese Panda regime was unveiled in 1982.

But the American silver- Eagle, along with its American yellow Eagle equivalent (and so late the platinum and also palladium releases) room widely traded both in the unified States and abroad and trusted by investors and also collectors the people over. Lock are amongst the most generally encountered coins in the precious steels circle.

View the various Silver Eagle product listings easily accessible for sale at Gainesville Coins top top our group page.


Gold and Silver Eagle comparison.

While numismatic strikes are largely intended for collectors, a fair number of investors also buy lock to add some pizzazz to your holdings. Meanwhile, the bullion-quality ASEs likewise enjoy converse crossover appeal with collectors, numerous of whom develop date sets spanning from 1986 come the present.

See more: When A Time Signature Contains A 4 As The Bottom Number It Means

Many collectors seek all species of ASEs, and also the silver- eagle registry set collecting objectives set forth by major encapsulation services expert Coin Grading organization (PCGS) and also Numismatic Guaranty corporation (NGC) compel deep-pocketed collectors to buy super-grade examples in pursuit of the structure the highest-quality collections possible.

Silver Eagle Coin Values


1986-S (proof)$60
1987-S (proof)$60
1988-S (proof)$60
1989-S (proof)$60
1990-S (proof)$60
1991-S (proof)$60
1992-S (proof)$60
1993-P (proof)$95
1994-P (proof)$200
1995-P (proof)$80
1995-W (proof)$4,000
1996-P (proof)$80
1997-P (proof)$85
1998-P (proof)$60
1999-P (proof)$60
2000-P (proof)$60
2001-W (proof)$60
2002-W (proof)$65
2003-W (proof)$60
2004-W (proof)$60
2005-W (proof)$60
2006-W (burnished)$50
2006-W (proof)$60
2006-P (reverse proof)$150
2007-W (burnished)$50
2007-W (proof)$60
2008-W (burnished)$45
2008-W (burnished, reverse of 2007)$500
2008-W (proof)$60
2010-W (proof)$60
2011-W (burnished)$40
2011-S (burnished)$250
2011-W (proof)$60
2011-P (reverse proof)$250
2012-W (burnished)$70
2012-W (proof)$60
2012-S (reverse proof)$130
2012-S (proof)$65
2013-W (burnished)$55
2013-W (enhanced finish)$100
2013-W (proof)$60
2013-W (reverse proof)$120
2014-W (burnished)$55
2014-W (proof)$60
2015-W (burnished)$55
2015-W (proof)$60
2016-W (burnished)$55
2016-W (proof)$70
2017-W (burnished)$45
2017-W (proof)$60
2018-W (burnished)$50
2018-W (proof)$60

Joshua McMorrow-Hernandez is a journalist, editor, and also blogger who has won multiple awards native the Numismatic literary Guild. The has likewise authored many books, including works profiling the history of the United claims Mint and also United says coinage.