
The American Silver Eagles, which leave you mesmerized by their beauty and value, have become quite popular since their inception and are desired by collectors and investors to add to their portfolios. There were nearly 25 million sold in 2022 and 2023, and as of November 2024, the coins have already garnered 22.8 million in sales owing to their huge demand (Sales data taken US Mint). So before you wonder are silver eagles a good investment, you can rely on their popularity for investment purposes.
Yet, you might wonder what more factors drive this incredible demand for the iconic Silver Eagles; well, let’s look at what these factors are that will help you answer the question: “Are Silver Eagles a good investment in the current market”?
What are American Silver Eagles?
The American Silver Eagle series was started by the US Mint on November 24, 1986, and is regarded as the country’s official silver bullion coin. These coins consist of 99.9% pure silver and feature some of America’s most historic designs.
The coin’s obverse features the image of Walking Liberty, which is a popular design that first appeared on the half dollar series from 1916 till 1947. The design shows Lady Liberty striding towards the sun as it rises, symbolizing hope. The Silver Eagle reverse side was redesigned in 2021, etching a new chapter in the coin’s history.
Why are American Silver Eagles Popular Among Investors?
The consistent demand for Silver Eagles in the past few years indicates that they are a reliable investment option for both novice and seasoned investors. So, for those looking to diversify their portfolios, it's worth exploring, are Silver Eagles a good investment based on the current economy. Let's find out -
1. Trusted Purity, Quality, and Government Backing
The American Silver Eagle is exclusively struck as a one-troy ounce coin that has a face value of one dollar and is guaranteed to have a one-troy ounce of 99.9% pure silver content. Title II of Public Law authorizes the Silver Eagle under the Liberty Coin Act of 1985, which means the US government backs it, adding to the coin’s credibility.
2. Liquidity & Market Demand
The Silver Eagle coins are quite liquid, which means that they can be bought, sold, or traded in the market with ease. The US Mint’s reputation for producing quality bullion pieces, combined with the Eagle’s symbolic status as an official legal tender of the US, makes the demand for the coin significantly high. They also possess great potential as long-term investments and garner robust demands from collectors as well as investors.
3. Strong Recognition
American Silver Eagles are trusted all over the world because they are made by the U.S. Mint and backed by the U.S. government. This support makes them reliable and well-known in the global market. The US Mint’s legacy and reputation add extra trust when purchasing its products, making coins like the Silver Eagles a top choice for investors both in the U.S. and around the world.
4. Stable Value
The Silver Eagles are regarded highly by investors for the stable value they possess, with the appeal and demand of the coin on a consistent basis helping retain its value. The rarity, minting year, and condition of the coin determine its worth, ranging from $40 to over $12,500. Look at the 1999 Silver Eagle, which has a mintage of 7.4 million yet is highly desired in MS-70 condition for its rarity, as only 0.12% of the coins minted got this impressive score.
5. Collectibility
The American Silver Eagle coins are more than just secured investments; they are great collectible pieces popular for their artistry and the historical importance of the coin series. With designs like the Walking Liberty image on the coin obverse and the heraldic eagle featured on its reverse, it is quite attractive to collectors. These aesthetics of the coin make it a great addition to one’s collection.
The next time you are considering how you will approach your present investments to secure your future, think to yourself, "Are Silver Eagles a good investment for securing your wealth?" Remember these factors and rest assured of the coin’s value.
Finding the Best Deals on Silver Eagles
We have mentioned some factors you should keep in mind when you are looking for the best Silver Eagles deals. These tips will help you clear any doubts like, “Are silver Eagles a good investment amidst fluctuating silver prices?” and other key elements -
1. Compare Dealer Premiums
Dealer premiums refer to the additional costs you pay above the spot price of silver, which covers extra costs borne by the dealer, such as storage, labor, etc. They tend to vary from dealer to dealer, making it important to identify these differences when finding the best deal for you. This is where Bullion Mentor helps you by providing a platform to compare premiums charged by the top bullion dealers in the market. It helps you find the best deals according to your preferences and make your investments more profitable.
2. Buy from Reputable Dealers
You should always buy best silver coins and bullion products from dealers with a positive market reputation, which are backed by high ratings and customer reviews from Google or Trustpilot, which is known for the genuine reviews you find there. This generates trust that you are buying genuine Silver Eagles and will ensure that you do not have to worry about scams or receiving any counterfeit pieces.
3. Stay Updated on Silver Prices
Silver prices tend to fluctuate daily due to changes in the market or any economic factors that come into play. This makes it all the more important for you to keep an eye out for the current silver price and changes in it so that timing your purchase when silver’s spot price is low can help you save money and get good returns.
So, while you explore are silver Eagles a good investment, platforms such as Bullion Mentor help you ease the time-consuming process of researching multiple dealer websites. With such great platforms, you can purchase the American Silver Eagle or other bullion investments to add to your portfolio. With the live price comparison tool of Bullion Mentor, you can begin making smarter investment choices today by comparing the best offers on various bullion products offered by the most trusted bullion dealers in the market.