The American silver- Eagle (ASE) was an initial released in 1986 as component of the American Eagle bullion program. American Eagle bullion coins to be authorized in 1985 and also the first silver eagles to be released ~ above November 24, 1986, ending up being immensely well-known with both investors and collectors native the beginning.

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The American silver- Eagle carries on its obverse the go Liberty style by Adolph A. Weinman, a motif an initial employed on united States half dollars struck native 1916 through 1947 and also brought out of a 39-year retirement to show up on this iconic silver bullion coin. Meanwhile, the obverse dead a modern, stylized heraldic eagle by man Mercanti.

Types of American silver Eagles

While the an initial decade of production saw a relatively staid lineup that ASEs, with conventional bullion high quality (formerly referred to as “uncirculated”) and proofs struck each year, in 1995 the West allude Mint win a minimal number of 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. They quickly ended up being popular with collectors, serving to now as the rare regular-issue crucial date come the entire series.

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

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



The bullion ASEs represent the base-level coins struck through the investor in mind. While they boast high-quality surfaces as is common for all American Eagle bullion coinage, they room struck in very large numbers and also are dispersed by the United says Mint with a network of authorized dealers through somewhat much less regard for finish preservation 보다 bestowed upon numismatic strikes. They deserve to be purchase for fairly small premiums over spot.

However, enlarge ASEs space worth a fairly far-ranging figure over spot values, as they space scarcer than much more recent issues. Amongst the most beneficial of the bullion-quality strikes room the 1986, 1994, 1995, and also 1996, v the last serving together the an essential date for all regular-issue bullion strikes.


The an initial proof American silver Eagles to be released in 1986 v the debut the the series and struck in every years other than 2009, when a planchet shortage apparently upended production of all non-bullion silver- eagle coinage. Regular proofs are fairly common, so several of the earlier pieces are quite rare in qualities of PR69 or above.

Silver Eagle proof | image via USA CoinBook

Reverse Proof

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

The proof selection proved a success v collectors, and today the 2006-P turning back proof is reasonably scarce because of sustained demand. Several various other reverse proofs followed in 2011, 2012, and 2013, and also these piece all remain very popular v collectors; through a mintage of 99,882, the 2011-P reverse proof experienced the shortest mintage among the four issues and also is the most beneficial of the turning back proof issues.

Reverse Proof silver Eagle | picture via USA CoinBook

Burnished (Uncirculated)

Debuting the very same year together the turning back proof, the an initial burnished silver eagle was released in 2006 hailing from the West suggest Mint. They be affected by each other a finish comparable to the bullion-quality releases yet offer a rather matte sheen and are thus desired by collectors as a distinct numismatic issue.

Burnished ASEs have actually been made most years due to the fact that their debut, v the exceptions of 2009 and 2010, during a period of vast demand for the bullion-quality silver- eagles, for which planchets are allocated v utmost priority.

Burnished silver- Eagle | photo via USA CoinBook

Enhanced Finish

The an initial enhanced finish American silver Eagle to be released in 2013, featuring a unique frosted, specimen-quality finish. The is a special numismatic giving seldom seen on the ASEs. The United claims Mint released its second enhanced complete silver eagle in 2019 through the proud of Two countries 2-Coin Set, coupling the 2019-W intensified finish American silver- Eagle through a 2019 silver Canadian Maple leaf coin.

Enhanced complete ASE | picture via USA CoinBook

Errors & Varieties

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

When the relatively couple of known errors execute hit the market, lock are typically garden-variety off-center strikes and blank planchets. Indeed, quality regulate 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 really goes there is no saying that the American silver- Eagle regime is among the most popular of all bullion coin program in the world. It’s not the oldest of the contemporary world bullion series—the gold south African Krugerrand yellow coins came in 1967, the Canadian Maple leaf debuted in 1979, mexico Libertads were born in 1981, and the Chinese Panda routine was unveiled in 1982.

But the American silver- Eagle, in addition to its American yellow Eagle equivalent (and so late the platinum and also palladium releases) room widely traded both in the unified States and abroad and trusted by investors and also collectors the human being over. Lock are amongst the most typically encountered coins in the precious steels circle.

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


Gold and also Silver Eagle comparison.

While numismatic strikes are greatly intended for collectors, a fair variety of investors also buy them to add some pizzazz to your holdings. Meanwhile, the bullion-quality ASEs likewise enjoy converse crossover appeal with collectors, plenty of of whom build date sets spanning from 1986 come the present.

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Many collectors seek all species of ASEs, and also the silver- eagle registry set collecting objectives set forth by significant encapsulation services expert Coin Grading company (PCGS) and Numismatic Guaranty corporation (NGC) compel deep-pocketed collectors to buy super-grade instances 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, 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 won multiple awards native the Numismatic literary Guild. The has additionally authored plenty of books, consisting of works profiling the history of the United states Mint and United says coinage.