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

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The American silver- Eagle dead on the obverse the go Liberty design by Adolph A. Weinman, a motif first employed on joined States half dollars struck from 1916 through 1947 and brought the end of a 39-year retirement to appear on this iconic silver- bullion coin. Meanwhile, the obverse dead a modern, stylized heraldic eagle by man Mercanti.

Types that American silver Eagles

While the first decade of production saw a relatively staid lineup the ASEs, with conventional bullion top quality (formerly dubbed “uncirculated”) and proofs struck every year, in 1995 the West allude Mint win a restricted number that proofs because that inclusion in the 10th anniversary yellow eagle set. The 1995-W silver eagle to be struck as a free bonus inclusion through the anniversary set, and only 30,125 to be made. Lock quickly ended up being popular with collectors, offer to now as the rare regular-issue vital date to the whole series.

Since the an initial decade of the 21st century, ASEs have been win in several other numismatic varieties, including reverse proof and burnished finish. Striking duties because that bullion-quality pieces originally went to the Philadelphia Mint and early proofs come from mountain Francisco. However, minting assignments have changed over the years, through Philadelphia striking proofs for a period in the 1990s and also the West allude Mint suspect the vast bulk of ASE manufacturing by 2000.

Here’s a failure of the major types of American silver Eagles:



The bullion ASEs stand for the base-level coins struck with the investors in mind. While castle boast high-quality surfaces together is usual for every American Eagle bullion coinage, they room struck in very large numbers and also are dispersed by the United states Mint through a network that authorized dealers v somewhat much less regard for complete preservation 보다 bestowed upon numismatic strikes. They have the right to be purchase for reasonably small premiums over spot.

However, older ASEs room worth a fairly significant figure over spot values, together they space scarcer than an ext recent issues. Amongst the most valuable of the bullion-quality strikes room the 1986, 1994, 1995, and also 1996, through the latter serving as the an essential date for all regular-issue bullion strikes.


The first proof American silver Eagles to be released in 1986 with the debut that the collection and win in every years other than 2009, when a planchet shortage apparently upended manufacturing of every non-bullion silver eagle coinage. Regular proofs are fairly common, so few of the earlier pieces are quite rare in grades of PR69 or above.

Silver Eagle proof | image via USA CoinBook

Reverse Proof

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

The proof range proved a success v collectors, and today the 2006-P turning back proof is fairly scarce because of sustained demand. Several various other reverse proofs followed in 2011, 2012, and also 2013, and these piece all remain really popular with collectors; with a mintage that 99,882, the 2011-P turning back proof witnessed the lowest mintage amongst the 4 issues and also is the most an useful of the reverse proof issues.

Reverse Proof silver- Eagle | picture via USA CoinBook

Burnished (Uncirculated)

Debuting the exact same year together the turning back proof, the first burnished silver eagle was released in 2006 hailing native the West point Mint. They be afflicted with a finish similar to the bullion-quality releases however offer a somewhat matte sheen and are thus desired by collectors together a distinct numismatic issue.

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

Burnished silver Eagle | image via USA CoinBook

Enhanced Finish

The very first enhanced complete American silver- Eagle was released in 2013, special a unique frosted, specimen-quality finish. It is a one-of-a-kind numismatic giving seldom seen on the ASEs. The United states Mint released its second enhanced finish silver eagle in 2019 with the proud of Two nations 2-Coin Set, coupling the 2019-W enhanced finish American silver- Eagle with a 2019 silver Canadian Maple leaf coin.

Enhanced complete ASE | photo via USA CoinBook

Errors & Varieties

The ASE series offers a few interesting varieties. Maybe the most popular and an important of this is the 2008-W Burnished turning back of 2007. An estimated 47,000 were struck and are worth large premiums end regular-issue 2008-W Burnished end up ASEs.

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

Collecting American silver- Eagles

It really goes there is no saying that the American silver Eagle routine is among the most well-known of all bullion coin program in the world. It’s no the earliest of the modern world bullion series—the gold southern African Krugerrand yellow coins came in 1967, the Canadian Maple sheet debuted in 1979, mexico Libertads were born in 1981, and also the Chinese Panda regime was unveiled in 1982.

But the American silver- Eagle, together with its American gold Eagle equivalent (and late the platinum and palladium releases) are widely traded both in the joined States and also abroad and trusted by investors and collectors the human being over. They are among the most typically encountered coins in the precious metals circle.

View the different Silver Eagle product listings easily accessible for revenue at Gainesville Coins top top our category page.


Gold and also Silver Eagle comparison.

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

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Many collectors go after all varieties of ASEs, and the silver- eagle registry collection collecting objectives collection forth by major encapsulation services experienced Coin Grading organization (PCGS) and Numismatic Guaranty copy, group (NGC) compel deep-pocketed collectors to buy super-grade examples in quest of the structure 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 actually won many awards from the Numismatic literary Guild. He has likewise authored plenty of books, including works profiling the background of the United says Mint and United says coinage.