The American silver- Eagle (ASE) was first released in 1986 as part of the American Eagle bullion program. American Eagle bullion coins were authorized in 1985 and also the very first silver eagles to be released top top November 24, 1986, ending up being immensely famous with both investors and also collectors native the beginning.

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The American silver Eagle dead on its obverse the walking Liberty style by Adolph A. Weinman, a motif very first employed on joined States half dollars struck from 1916 with 1947 and brought the end 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 production saw a relatively staid lineup of ASEs, with conventional bullion quality (formerly dubbed “uncirculated”) and proofs struck each year, in 1995 the West suggest Mint to win a minimal number the proofs because that inclusion in the 10th anniversary gold eagle set. The 1995-W silver eagle was struck together a cost-free bonus inclusion with the anniversary set, and only 30,125 were made. Castle quickly became popular v collectors, offer to today as the rare regular-issue key date to the whole series.

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

Here’s a breakdown of the significant types that American silver- Eagles:



The bullion ASEs stand for the base-level coins struck through the investor in mind. While they boast high-quality surfaces together is typical for all American Eagle bullion coinage, they room struck in very large numbers and also are dispersed by the United claims Mint through a network the authorized dealers through somewhat less regard for finish preservation 보다 bestowed upon numismatic strikes. They can be purchase for reasonably small premiums end spot.

However, larger ASEs room worth a fairly far-reaching figure over spot values, as they room scarcer than more recent issues. Among the most an important of the bullion-quality strikes room the 1986, 1994, 1995, and 1996, v the latter serving as the key date for all regular-issue bullion strikes.


The first proof American silver Eagles were released in 1986 through the debut the the collection and to win in all years except 2009, once a planchet shortage apparently upended manufacturing of every non-bullion silver eagle coinage. Continuous proofs are reasonably common, so few of the earlier pieces are rather rare in qualities of PR69 or above.

Silver Eagle proof | image via USA CoinBook

Reverse Proof

The an initial reverse proof different of the American silver- Eagle premiered together a Philadelphia-mint win in 2006 and was do in little numbers.

The proof variety proved a success v collectors, and today the 2006-P turning back proof is relatively scarce due to sustained demand. Several other reverse proofs complied with in 2011, 2012, and 2013, and these piece all remain an extremely popular v collectors; with a mintage that 99,882, the 2011-P turning back proof observed the shortest mintage amongst the four issues and is the most an important of the turning back proof issues.

Reverse Proof silver Eagle | picture 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 bear a finish comparable to the bullion-quality releases but offer a somewhat matte sheen and also are thus wanted by collectors together a distinctive numismatic issue.

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

Burnished silver Eagle | picture via USA CoinBook

Enhanced Finish

The an initial enhanced complete American silver- Eagle was released in 2013, featuring a unique frosted, specimen-quality finish. It is a distinct numismatic providing seldom viewed on the ASEs. The United says Mint released its second enhanced finish silver eagle in 2019 with the pride of Two nations 2-Coin Set, coupling the 2019-W magnified finish American silver- Eagle v a 2019 silver Canadian Maple leaf coin.

Enhanced finish ASE | image via USA CoinBook

Errors & Varieties

The ASE series offers a couple of interesting varieties. Maybe the most popular and an useful of this is the 2008-W Burnished reverse of 2007. An approximated 47,000 to be struck and also are worth large premiums over regular-issue 2008-W Burnished finish ASEs.

When the relatively couple of known errors execute hit the market, they are typically garden-variety off-center strikes and also blank planchets. Indeed, quality regulate at the United claims Mints is rather high with every one of its bullion coin programs, consisting of the American silver Eagle.

Collecting American silver- Eagles

It yes, really goes without saying that the American silver Eagle program is among the most well-known of all bullion coin programs in the world. It’s not the oldest of the modern-day world bullion series—the gold south African Krugerrand yellow coins come in 1967, the Canadian Maple sheet debuted in 1979, mexico Libertads were born in 1981, and also the Chinese Panda routine was unveiled in 1982.

But the American silver- Eagle, along with its American yellow Eagle equivalent (and late the platinum and also palladium releases) space widely traded both in the unified States and abroad and also trusted by investors and collectors the people over. They are among the most generally encountered coins in the precious metals circle.

View the various Silver Eagle product listings accessible for revenue at Gainesville Coins ~ above our category page.


Gold and Silver Eagle comparison.

While numismatic strikes are largely intended because that collectors, a fair number of investors also buy lock to include some pizzazz to your holdings. Meanwhile, the bullion-quality ASEs also enjoy converse crossover appeal v collectors, countless of whom build date sets covering from 1986 come the present.

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Many collectors pursue all species of ASEs, and also the silver- eagle registry collection collecting objectives collection forth by major encapsulation services professional Coin Grading company (PCGS) and also Numismatic Guaranty corporation (NGC) compel deep-pocketed collectors come buy super-grade instances in quest 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 also blogger who has won lot of awards from the Numismatic literary Guild. The has also authored numerous books, including works profiling the history of the United claims Mint and also United claims coinage.