Silver Eagles:
American Silver Eagle Coins
January 3, 2009
Currently, CMIGS is taking orders for 2009-dated American Silver Eagles for
shipment about the middle of the month, maybe a little later.
One-ounce American Silver Eagles are official US Mint one-dollar coins. Since Silver Eagle coins were introduced in 1986, more than
165 million have been minted, making Silver Eagles the most successful U.S. Mint silver bullion coins ever.
Each Silver Eagle coin contains one ounce .999 fine silver bullion and carries a symbolic $1 face value. The one-dollar face value makes Silver Eagles "silver dollars." In the coin industry, however, "silver dollars" refer to old silver dollars minted 1878-1904 and 1921-1935.
Further, the Silver Eagles' one-dollar face value officially makes American Silver Eagles legal tender. Because the law that permits the U.S. Mint to turn out Silver Eagles classifies them "numismatic," the Mint is allowed to sell Silver Eagles at prices above the one-dollar face value.
American Silver Eagles packaging
Silver Eagles are shipped by the Mint in boxes of 500. Each box contains 25 tubes with twenty Silver Eagles to a tube. A sealed box weighs 42 pounds and measures 15"X9"X5".
2008 Silver Eagles Prices
2008-dated Silver Eagles
sell at premiums of $5.40 each for a sealed Mint box of 500. Minimum order is
a Mint box of 500 coins.
Any day the Mint may announce
that it will suspend Silver Eagle sales to prepare for the minting of
2009-dated coins. When that happens, few, if any, Silver Eagles
will be available until January 2009 when 2009-dated coins are shipped.
When silver traded higher, backdated American Silver Eagles sometimes
were available at lower markups than current year 2008 Silver Eagle coins.
Presently, however, backdated Silver Eagles are rarely available as there
are few sellers of any form of silver.
