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

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The American silver Eagle carries on that obverse the wade Liberty style by Adolph A. Weinman, a motif very first employed on joined States fifty percent dollars struck from 1916 through 1947 and brought out 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 the American silver- Eagles

While the very first decade of manufacturing saw a reasonably staid lineup that ASEs, through conventional bullion quality (formerly dubbed “uncirculated”) and proofs struck every year, in 1995 the West point Mint struck a restricted number that proofs because that inclusion in the 10th anniversary gold eagle set. The 1995-W silver eagle to be struck together a free bonus inclusion through the anniversary set, and also only 30,125 were made. They quickly ended up being popular through collectors, offer to now as the rarely regular-issue vital date come the whole series.

Since the an initial decade of the 21st century, ASEs have actually been struck in several other numismatic varieties, consisting of reverse proof and burnished finish. Striking duties because that bullion-quality pieces initially went come the Philadelphia Mint and also early proofs came from san Francisco. However, minting assignments have adjusted over the years, with Philadelphia highlight proofs because that a period in the 1990s and the West point Mint presume the vast majority of ASE manufacturing by 2000.

Here’s a break down of the major types that American silver- Eagles:



The bullion ASEs represent the base-level coins struck v the investors in mind. While they boast high-quality surfaces together is common for every American Eagle bullion coinage, they room struck in very large numbers and are distributed by the United states Mint through a network of authorized dealers with somewhat less regard for finish preservation than bestowed ~ above numismatic strikes. They have the right to be purchase for reasonably small premiums over spot.

However, older ASEs space worth a fairly significant figure above spot values, as they space scarcer than more recent issues. Amongst the most beneficial of the bullion-quality strikes space the 1986, 1994, 1995, and also 1996, v the last serving as the key date for all regular-issue bullion strikes.


The first proof American silver- Eagles to be released in 1986 v the debut of the collection and to win in every years except 2009, as soon as a planchet shortage supposedly upended manufacturing of all non-bullion silver eagle coinage. Constant proofs are fairly common, so several of the earlier pieces are rather rare in grades of PR69 or above.

Silver Eagle evidence | picture via USA CoinBook

Reverse Proof

The first reverse proof variant of the American silver Eagle premiered as a Philadelphia-mint win in 2006 and was make in tiny numbers.

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

Reverse Proof silver- Eagle | photo via USA CoinBook

Burnished (Uncirculated)

Debuting the very same year together the reverse proof, the an initial burnished silver eagle to be released in 2006 hailing indigenous 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 preferred by collectors together a distinctive numismatic issue.

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

Burnished silver Eagle | image via USA CoinBook

Enhanced Finish

The first enhanced end up American silver- Eagle was released in 2013, special a uniquely frosted, specimen-quality finish. It is a unique numismatic offering seldom watched on the ASEs. The United states Mint exit its second enhanced complete silver eagle in 2019 with the pride of Two nations 2-Coin Set, coupling the 2019-W enhanced finish American silver Eagle with a 2019 silver- Canadian Maple leaf coin.

Enhanced finish ASE | picture via USA CoinBook

Errors & Varieties

The ASE collection offers a couple of interesting varieties. Perhaps the most popular and valuable of this is the 2008-W Burnished reverse of 2007. An estimated 47,000 were struck and are worth huge premiums over regular-issue 2008-W Burnished finish ASEs.

When the relatively few known errors do hit the market, they are generally garden-variety off-center strikes and also blank planchets. Indeed, quality manage 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 without saying the the American silver Eagle regime is amongst the most popular of every 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, mexican Libertads were born in 1981, and the Chinese Panda regimen was unveiled in 1982.

But the American silver Eagle, in addition to its American gold Eagle counterpart (and so late the platinum and also palladium releases) room widely traded both in the united States and also abroad and trusted by investors and also collectors the civilization over. Castle are amongst the most typically encountered coins in the precious steels circle.

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


Gold and Silver Eagle comparison.

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

See more: 2002 American Eagle Silver Dollar Value Of 2002 $1 Silver Coin

Many collectors pursue all varieties of ASEs, and the silver eagle registry set collecting objectives set forth by significant encapsulation services skilled Coin Grading organization (PCGS) and Numismatic Guaranty coporation, group (NGC) compel deep-pocketed collectors to buy super-grade examples in search 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 actually won lot of awards from the Numismatic literature Guild. That has likewise authored numerous books, consisting of works profiling the history of the United says Mint and also United claims coinage.