The American silver- Eagle (ASE) was very first released in 1986 as component of the American Eagle bullion program. American Eagle bullion coins were authorized in 1985 and the very first silver eagles to be released ~ above November 24, 1986, becoming immensely renowned with both investors and also collectors from the beginning.

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The American silver- Eagle dead on that obverse the wade Liberty architecture by Adolph A. Weinman, a motif very first employed on unified States half dollars struck native 1916 with 1947 and also brought out of a 39-year retirement to show up on this iconic silver bullion coin. Meanwhile, the obverse carries a modern, stylized heraldic eagle by john Mercanti.

Types of American silver- Eagles

While the very first decade of production saw a fairly staid lineup that ASEs, through conventional bullion high quality (formerly dubbed “uncirculated”) and proofs struck each year, in 1995 the West point Mint win a limited number of proofs because that inclusion in the 10th anniversary gold eagle set. The 1995-W silver- eagle to be struck together a totally free bonus inclusion with the anniversary set, and only 30,125 were made. They quickly came to be popular with collectors, serving to today as the rare regular-issue an essential date come the whole series.

Since the very first decade the the 21st century, ASEs have been struck in several various other numismatic varieties, including reverse proof and also burnished finish. Highlight duties for bullion-quality pieces originally went to the Philadelphia Mint and also early proofs come from san Francisco. However, minting assignments have adjusted over the years, v Philadelphia striking proofs for a period in the 1990s and the West allude Mint suspect the vast majority of ASE manufacturing by 2000.

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



The bullion ASEs stand for the base-level coins struck v the investor in mind. While castle boast high-quality surfaces together is common for all American Eagle bullion coinage, they are struck in very huge numbers and also are dispersed by the United states Mint with a network that authorized dealers with somewhat much less regard for end up preservation than bestowed ~ above numismatic strikes. They can be purchased for fairly small premiums end spot.

However, older ASEs space worth a fairly far-ranging figure above spot values, as they room scarcer than more recent issues. Amongst the most an important of the bullion-quality strikes space the 1986, 1994, 1995, and also 1996, with the last serving as the vital date for all regular-issue bullion strikes.


The an initial proof American silver- Eagles were released in 1986 with the debut the the series and win in every years other than 2009, once a planchet shortage apparently upended manufacturing of every non-bullion silver eagle coinage. Continuous proofs are fairly common, so some of the previously pieces are fairly 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 to win in 2006 and also was do in little numbers.

The proof variety proved a success through collectors, and today the 2006-P reverse proof is reasonably scarce due to sustained demand. Several other reverse proofs adhered to in 2011, 2012, and 2013, and also these pieces all remain really popular v collectors; v a mintage that 99,882, the 2011-P reverse proof saw the shortest mintage among the four issues and is the most an useful of the reverse proof issues.

Reverse Proof silver Eagle | image via USA CoinBook

Burnished (Uncirculated)

Debuting the very same year as the turning back proof, the very first burnished silver- eagle to be released in 2006 hailing native the West allude Mint. They bear a finish comparable to the bullion-quality releases yet offer a rather matte sheen and are thus wanted by collectors as a unique numismatic issue.

Burnished ASEs have actually been made many years because their debut, through the exception of 2009 and 2010, throughout a duration of large demand for the bullion-quality silver- eagles, for which planchets room allocated through utmost priority.

Burnished silver- Eagle | picture via USA CoinBook

Enhanced Finish

The first enhanced complete American silver- Eagle to be released in 2013, featuring a uniquely frosted, specimen-quality finish. It is a unique numismatic giving seldom seen on the ASEs. The United says Mint released its second enhanced complete silver eagle in 2019 with 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 end up ASE | image via USA CoinBook

Errors & Varieties

The ASE series offers a couple of interesting varieties. Maybe the most well-known and an useful of these is the 2008-W Burnished reverse of 2007. An estimated 47,000 were struck and also are worth huge premiums over regular-issue 2008-W Burnished finish ASEs.

When the relatively few known errors do hit the market, lock are commonly garden-variety off-center strikes and blank planchets. Indeed, quality regulate at the United states Mints is rather high with all of its bullion coin programs, including 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 every bullion coin programs in the world. It’s no the oldest of the modern-day world bullion series—the gold southern African Krugerrand yellow coins come in 1967, the Canadian Maple leaf debuted in 1979, mexican Libertads to be born in 1981, and the Chinese Panda regimen was unveiled in 1982.

But the American silver- Eagle, together with its American gold Eagle counterpart (and so late the platinum and palladium releases) room widely traded both in the joined States and abroad and trusted through investors and also collectors the world over. Castle are amongst the most generally encountered coins in the precious metals circle.

View the different Silver Eagle product listings accessible for sale at Gainesville Coins on our classification page.


Gold and Silver Eagle comparison.

While numismatic strikes are mainly intended because that 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 through collectors, numerous of whom construct date sets extending from 1986 come the present.

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Many collectors pursue all varieties of ASEs, and the silver- eagle registry collection collecting objectives set forth by major encapsulation services skilled Coin Grading service (PCGS) and also Numismatic Guaranty coporation, group (NGC) compel deep-pocketed collectors to buy super-grade examples in quest of the structure 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 also blogger who has actually won lot of awards native the Numismatic literary Guild. The has also authored countless books, including works profiling the background of the United states Mint and also United says coinage.