The United States Mint began producing a series of coins that were approved by Congress in 1986, and the Bullion Silver Eagle from 2011 is the continuation of this series.
These bullion coins are normally made available for purchase by the Mint's network of authorized purchasers beginning in the first few weeks of the year. They are also accessible throughout the majority of the other months of the year as they are manufactured to match the demand for them.
The United States Mint actually started issuing the 2011 Silver Eagle on January 3, 2011. The 2011 bullion Eagles set several marks, including those for individual months; however, the most noteworthy was likely the fact that, by October of that year, they had surpassed all previous sales records.
Every single one of the American Silver Eagle coins is made up of one ounce of silver that is 99.9% pure, and they are regarded as the official silver bullion currency of the United States of America.
In light of this, the United States government guarantees the composition, weight, and purity of each Eagle. Because of this, as well as the fact that they are readily available, they have become the most popular precious metal investment coin product in the whole globe.
Produced in the millions every year, Silver Eagles were initially approved by the Liberty Coin Act of 1985 and have since met the demand of investors looking for a simple and inexpensive method to add small amounts of actual silver to their portfolios.
The bullion coins' legal tender face value is $1, but their actual worth is dependent on the one ounce of silver in each striking. Therefore, the US Mint initially sells each coin through its approved customers. This network buys coins in bulk from the Mint for the current market value of the silver in the strikes plus a slight premium to cover manufacturing and distribution costs. The network then sells them to coin dealers, precious metals suppliers, and the public at the market value of the silver in each coin.
The Silver Eagles' obverse has Adolph A. Weinman's “Walking Liberty” design. Many consider this Liberty, initially featured on the 1916 half dollar circulation currency, one of the most beautiful on a US coin. John Mercanti, US Mint sculptor/engraver, designed the reverse heraldic Eagle with shield. Except for the obverse date, the Eagle's design hasn't altered since 1986.
The US Mint makes proof and uncirculated Silver Eagles for collectors. Numismatic Eagles contain a mintmark, unlike bullion strikes, making them distinguishable.