The American silver- Eagle (ASE) was first released in 1986 as component of the American Eagle bullion program. American Eagle bullion coins to be authorized in 1985 and also the an initial silver eagles were released ~ above 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 its obverse the walking Liberty style by Adolph A. Weinman, a motif first employed on united States fifty percent dollars struck indigenous 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 john Mercanti.

Types the American silver- Eagles

While the first decade of manufacturing saw a fairly staid lineup the ASEs, with conventional bullion top quality (formerly called “uncirculated”) and proofs struck every year, in 1995 the West allude Mint struck a minimal number that proofs because that inclusion in the 10th anniversary yellow eagle set. The 1995-W silver eagle to be struck together a cost-free bonus inclusion with the anniversary set, and only 30,125 were made. They quickly became popular through collectors, serving to this particular day as the rare regular-issue an essential date come the entire series.

Since the very first decade that the 21st century, ASEs have been win in several various other numismatic varieties, including reverse proof and also burnished finish. Highlight duties because that bullion-quality pieces initially went to the Philadelphia Mint and early proofs come from san Francisco. However, minting assignments have changed over the years, through Philadelphia to mark proofs for a period in the 1990s and also the West allude Mint presume the vast bulk of ASE production by 2000.

Here’s a failure of the significant types of 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 are struck in very large numbers and are distributed by the United says Mint v a network the authorized dealers v somewhat much less regard for finish preservation 보다 bestowed top top numismatic strikes. They deserve to be purchased for reasonably small premiums end spot.

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


The first proof American silver Eagles to be released in 1986 through the debut the the collection and struck in every years except 2009, once a planchet shortage reportedly upended production of all non-bullion silver- eagle coinage. Continuous proofs are relatively common, so few of the previously pieces are rather rare in qualities of PR69 or above.

Silver Eagle evidence | picture via USA CoinBook

Reverse Proof

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

The proof selection proved a success v collectors, and also today the 2006-P reverse proof is relatively scarce due to sustained demand. Several other reverse proofs complied with in 2011, 2012, and also 2013, and also these pieces all remain very popular through collectors; with a mintage of 99,882, the 2011-P reverse proof witnessed the lowest mintage amongst the 4 issues and is the most an important of the turning back proof issues.

Reverse Proof silver Eagle | photo via USA CoinBook

Burnished (Uncirculated)

Debuting the same year together 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 yet offer a somewhat matte sheen and also are thus wanted by collectors as a unique numismatic issue.

Burnished ASEs have been made many years since their debut, with the exception of 2009 and also 2010, during a duration of huge demand for the bullion-quality silver eagles, because that which planchets room allocated v utmost priority.

Burnished silver- Eagle | photo via USA CoinBook

Enhanced Finish

The very first enhanced finish American silver Eagle to be released in 2013, featuring a uniquely frosted, specimen-quality finish. The is a one-of-a-kind numismatic offering seldom watched on the ASEs. The United says Mint released its second enhanced end up silver eagle in 2019 through the proud of Two nations 2-Coin Set, coupling the 2019-W amplified finish American silver Eagle with a 2019 silver Canadian Maple leaf coin.

Enhanced finish ASE | image via USA CoinBook

Errors & Varieties

The ASE series offers a few interesting varieties. Perhaps the most renowned and valuable of these is the 2008-W Burnished turning back of 2007. An estimated 47,000 to be struck and are worth large premiums end regular-issue 2008-W Burnished complete ASEs.

When the relatively couple of known errors execute hit the market, lock are generally garden-variety off-center strikes and also blank planchets. Indeed, quality control at the United claims Mints is rather 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 that the American silver Eagle program is among the most renowned of every bullion coin programs in the world. It’s not the oldest of the modern world bullion series—the gold southern 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 routine was unveiled in 1982.

But the American silver Eagle, in addition to its American gold Eagle counterpart (and so late the platinum and palladium releases) room widely traded both in the united States and also abroad and trusted through investors and also collectors the human being over. Lock are among the most typically encountered coins in the precious metals circle.

View the different Silver Eagle product listings available for sale at Gainesville Coins ~ above our category page.


Gold and Silver Eagle comparison.

While numismatic strikes are mainly intended because that collectors, a fair number of investors likewise buy them to add some pizzazz to your holdings. Meanwhile, the bullion-quality ASEs likewise enjoy converse crossover appeal v collectors, plenty of of whom develop date sets extending from 1986 come the present.

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Many collectors seek all species of ASEs, and the silver eagle registry collection collecting objectives set forth by significant encapsulation services expert Coin Grading organization (PCGS) and also Numismatic Guaranty corporation (NGC) compel deep-pocketed collectors come buy super-grade examples in search of the building the highest-quality collection 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 blogger who has won many awards indigenous the Numismatic literature Guild. The has also authored plenty of books, including works profiling the background of the United says Mint and United says coinage.