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 the very first silver eagles to be released top top November 24, 1986, ending up being immensely well-known with both investors and collectors from the beginning.

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The American silver- Eagle dead on its obverse the walking Liberty architecture by Adolph A. Weinman, a motif an initial employed on unified States half dollars struck from 1916 v 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 man Mercanti.

Types that American silver Eagles

While the first decade of production saw a fairly staid lineup that ASEs, through conventional bullion high quality (formerly dubbed “uncirculated”) and also proofs struck every year, in 1995 the West allude Mint to win a restricted number of proofs for inclusion in the 10th anniversary gold eagle set. The 1995-W silver- eagle was struck as a free bonus inclusion through the anniversary set, and only 30,125 to be made. They quickly ended up being popular through collectors, offer to today as the rare regular-issue an essential date to the entire series.

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

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



The bullion ASEs represent the base-level coins struck v the investor in mind. While lock boast high-quality surfaces together is common for all American Eagle bullion coinage, they are struck in very large numbers and also are distributed by the United says Mint with a network that authorized dealers with somewhat much less regard for complete preservation than bestowed top top numismatic strikes. They can be to buy for fairly small premiums over spot.

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


The an initial proof American silver Eagles to be released in 1986 with the debut that the collection and to win in all years other than 2009, when a planchet shortage supposedly upended manufacturing of all non-bullion silver- eagle coinage. Constant proofs are fairly common, so some of the previously pieces are quite rare in qualities of PR69 or above.

Silver Eagle proof | picture via USA CoinBook

Reverse Proof

The first reverse proof different of the American silver- Eagle premiered as a Philadelphia-mint strike in 2006 and was make in little numbers.

The proof variety proved a success with collectors, and today the 2006-P turning back proof is fairly scarce because of sustained demand. Several other reverse proofs followed in 2011, 2012, and also 2013, and these pieces all remain an extremely popular through collectors; through a mintage that 99,882, the 2011-P turning back proof saw the shortest mintage amongst the 4 issues and also is the most valuable 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 first burnished silver- eagle was released in 2006 hailing from the West allude Mint. They be affected by each other a finish comparable to the bullion-quality releases however offer a somewhat matte sheen and also are thus preferred by collectors together a unique numismatic issue.

Burnished ASEs have actually been made most years due to the fact that their debut, through the exception of 2009 and 2010, throughout a duration of vast demand because that the bullion-quality silver- eagles, because that which planchets room allocated with utmost priority.

Burnished silver- Eagle | image via USA CoinBook

Enhanced Finish

The very first enhanced complete American silver- Eagle to be released in 2013, special a uniquely frosted, specimen-quality finish. It is a unique numismatic offering seldom viewed 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 amplified finish American silver- Eagle with a 2019 silver- Canadian Maple sheet coin.

Enhanced complete ASE | photo via USA CoinBook

Errors & Varieties

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

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

Collecting American silver Eagles

It really goes without saying that the American silver- Eagle routine is among the most famous of every bullion coin program in the world. It’s no the earliest of the modern world bullion series—the gold south African Krugerrand yellow coins came in 1967, the Canadian Maple sheet debuted in 1979, mexican Libertads were born in 1981, and also the Chinese Panda regimen 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 united States and also abroad and also trusted by investors and also collectors the civilization over. They are amongst the most generally encountered coins in the precious steels circle.

View the various Silver Eagle product listings available for sale 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 additionally buy lock to include some pizzazz to their holdings. Meanwhile, the bullion-quality ASEs additionally enjoy converse crossover appeal with collectors, numerous of whom construct date sets extending from 1986 come the present.

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Many collectors go after all types of ASEs, and also the silver eagle registry set collecting objectives collection forth by major encapsulation services skilled Coin Grading company (PCGS) and Numismatic Guaranty corporation (NGC) compel deep-pocketed collectors to buy super-grade instances in pursuit 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, 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 blogger who has actually won many awards from the Numismatic literature Guild. The has additionally authored numerous books, including works profiling the background of the United says Mint and United states coinage.