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 the very first silver eagles to be released on November 24, 1986, becoming immensely popular with both investors and also collectors native the beginning.

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The American silver- Eagle carries on its obverse the wade Liberty design by Adolph A. Weinman, a motif an initial employed on united States half dollars struck from 1916 v 1947 and brought out of a 39-year retirement to show up 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 manufacturing saw a relatively staid lineup that ASEs, through conventional bullion top quality (formerly dubbed “uncirculated”) and proofs struck each year, in 1995 the West point Mint to win a restricted number the proofs for inclusion in the 10th anniversary gold eagle set. The 1995-W silver- eagle to be struck as a free bonus inclusion v the anniversary set, and only 30,125 were made. Castle quickly came to be popular through collectors, serving to now as the rare regular-issue crucial date come the whole series.

Since the very first decade of the 21st century, ASEs have been struck in several various other numismatic varieties, including reverse proof and burnished finish. To mark duties because that bullion-quality pieces originally went to the Philadelphia Mint and also early proofs came from mountain Francisco. However, minting assignments have adjusted over the years, v Philadelphia highlight proofs for a duration in the 1990s and the West point Mint presume the vast bulk of ASE production by 2000.

Here’s a break down of the major types that American silver- Eagles:



The bullion ASEs stand for the base-level coins struck through the investor in mind. While lock boast high-quality surfaces as is usual for every American Eagle bullion coinage, they space struck in very large numbers and also are distributed by the United claims Mint v a network that authorized dealers v somewhat less regard for end up preservation 보다 bestowed top top numismatic strikes. They deserve to be to buy for fairly small premiums end spot.

However, larger ASEs room worth a fairly significant figure above spot values, together they are scarcer than much more recent issues. Among the most an useful of the bullion-quality strikes are the 1986, 1994, 1995, and also 1996, v the latter serving together the key date for every regular-issue bullion strikes.


The very first proof American silver- Eagles to be released in 1986 through the debut that the series and struck in every years except 2009, once a planchet shortage reportedly upended manufacturing of every non-bullion silver eagle coinage. Constant proofs are fairly common, so few of the earlier pieces are rather rare in grades of PR69 or above.

Silver Eagle proof | picture via USA CoinBook

Reverse Proof

The an initial reverse proof variant of the American silver- Eagle premiered as a Philadelphia-mint strike in 2006 and was made in small numbers.

The proof selection proved a success with collectors, and today the 2006-P turning back proof is fairly scarce because of sustained demand. Several other reverse proofs adhered to in 2011, 2012, and also 2013, and also these piece all remain very popular v collectors; with a mintage the 99,882, the 2011-P reverse proof saw the lowest mintage among the four issues and also is the most valuable of the turning back proof issues.

Reverse Proof silver- Eagle | photo via USA CoinBook

Burnished (Uncirculated)

Debuting the same year as the turning back proof, the very first burnished silver- eagle was released in 2006 hailing indigenous 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 as a distinctive numismatic issue.

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

Burnished silver Eagle | image via USA CoinBook

Enhanced Finish

The first enhanced finish American silver- Eagle was released in 2013, special a unique frosted, specimen-quality finish. The is a unique numismatic giving seldom checked out on the ASEs. The United states Mint exit its 2nd enhanced finish silver eagle in 2019 through the pride of Two nations 2-Coin Set, coupling the 2019-W amplified finish American silver- Eagle with a 2019 silver- Canadian Maple leaf coin.

Enhanced end up ASE | image via USA CoinBook

Errors & Varieties

The ASE series offers a couple of interesting varieties. Perhaps the most famous and an useful of this is the 2008-W Burnished reverse of 2007. An approximated 47,000 were struck and are worth large premiums end regular-issue 2008-W Burnished end up ASEs.

When the relatively few known errors carry out hit the market, they are typically garden-variety off-center strikes and blank planchets. Indeed, quality manage at the United claims Mints is quite high with all of its bullion coin programs, consisting of the American silver- Eagle.

Collecting American silver- Eagles

It yes, really goes there is no saying the the American silver Eagle program is amongst the most well-known of all bullion coin program in the world. It’s no the oldest of the contemporary world bullion series—the gold southern African Krugerrand gold coins came in 1967, the Canadian Maple leaf debuted in 1979, mexican Libertads were born in 1981, and the Chinese Panda routine was unveiled in 1982.

But the American silver Eagle, together with its American gold Eagle counterpart (and so late the platinum and also palladium releases) space widely traded both in the joined States and abroad and trusted through investors and also collectors the people over. Lock are amongst the most frequently encountered coins in the precious metals circle.

View the different Silver Eagle product listings obtainable for revenue at Gainesville Coins on our group page.


Gold and also Silver Eagle comparison.

While numismatic strikes are greatly intended for collectors, a fair variety of investors additionally buy castle to add some pizzazz to your holdings. Meanwhile, the bullion-quality ASEs also enjoy converse crossover appeal through collectors, countless of whom build date sets extending from 1986 to the present.

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Many collectors pursue all species of ASEs, and the silver eagle registry collection collecting objectives set forth by major encapsulation services professional Coin Grading company (PCGS) and Numismatic Guaranty corporation (NGC) compel deep-pocketed collectors come buy super-grade instances in pursuit of the building 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, turning back 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 blogger who has actually won many awards native the Numismatic literature Guild. That has additionally authored many books, including works profiling the history of the United says Mint and also United claims coinage.