The silver American Eagle is issued annually by the United States Mint and contains exactly 1 troy ounce of pure silver (31,10 grams). The Silver Eagle is made of 99,9% pure silver. The tube contains 20 coins.
American Silver Eagle
The silver American Eagle is issued annually by the United States Mint en was introduced in 1986 by the American government as an official silver bullion coin.
Purity and weight
The Silver Eagle is 999/1.000 pure and weighs exactly 31,10 grams (1 troy ounce). Its purity and weight make it a proper bullion coin, acknowledged worldwide and easy to trade. The tube contains 20 pieces, which means it contains 622 grams of pure silver.
Design of the American Silver Eagle
The obverse shows the reworking of Adolph A Weimans' 'Walking Liberty' that was used originally on the $0,50 Walking Liberty coins. Lady Liberty is the personification of the United States of America and is portrayed wearing a Phrygian cap, holding an oak branch in her left hand and with the American flag 'Stars and Stripes' draped around her shoulders. She is walking towards the rising sun, which symbolises the dawn of a new era, and reaches out her hand as a symbol for freedom. On Lady Liberty's right you see the motto 'In God we trust' and around her portrait the inscription 'Liberty'. At the bottom of the coin you can find the year of mintage. The initials of the original designer, Adolph A Weimans, can be found in the hem of Lady Liberty's dress.
On the reverse you see the image of the heraldic eagle behind a shield, which symbolises the nation. In its beak it carries two ribbons on debossed with the old devise of the United States of America 'E Pluribus Unum' (Out of many, one). In its left claw, the eagle carries three arrows and in its right one he holds an olive branch. The thirteen stars above the eagle represent the original states of the U.S. Circulating the coin, you see the inscription 'United States of America' mentioned above and at the bottom you can find the weight of the coin together with the purity and face value (1 oz. fine silver ~ one dollar). On the eagle's right you can see the initials of the U.S. Mint's former chief engraver, John Mercanti. The letter at the left of the eagle implies the location where the coin has been minted.
Buying a American Silver Eagle tube
Silver coins serve perfectly as a purchase of physical silver. Opposed to silver bars you needn't pay VAT because silver coins are traded under the VAT margin regulation.
Bottom line that means that a trader of silver coins has to pay VAT but only on the profit he makes and not on the total revenue of the transaction. In other words, the VAT will not be charged directly to the customer but will be part of the premium you pay upon buying silver coins.
Selling a American Silver Eagle tube
You are more than welcome in our office to sell your American Silver Eagle coins. You needn't make an appointment to do so.
Our buying prices are adapted every minute to actuel silver rate and will only be hedged once you present the coins in our office. You can easily check our live buying rates on this page