Compared to gold, silver is very affordable. Even though 2020 was a banner year for the precious metal, and demand continued to soar in following years, silver still has only reached a little over half of its all-time high set back in 1980. Silver has much of the same safe haven qualities as gold. It’s tangible money, a critical portfolio diversifier, and it can protect your wealth in times of uncertainty.
Often called poor man’s gold, silver is not as headline-grabbing as its more lustrous precious metals counterparts. It has a dual-life as an industrial metal — getting dirty in soldering, engine bearings and chemical production. But it is also a metal that offers protection from a tumbling dollar and the renewed risk of inflation.
It is silver’s versatility and ‘under the radar’ quality that makes it an opportunity metal. Silver has seen a jump in price over 70% in the last year and is expected to continue rising. Projections for 2022 and beyond suggest it has the potential for much higher returns, as evidenced by the previous four major gold bull markets.
In 2000, silver spent most of the year hovering at an average of just under $5 per troy ounce, but the events that unfolded throughout the decade: the dot.com crash, September 11th attacks, Hurricane Katrina, the housing crisis and ensuing financial meltdown pushed silver to levels not seen in generations. It climbed 14% in 2004, 29% in 2005, another 46% in 2006 and as high as 80% in 2010.
Then, as it is now, all the ingredients are present for silver to deliver historic returns once again. Amid an ongoing pandemic, the global economy has faced challenges unheard of in the last 18 months and more. Silver prices in June 2020 reached just over $25, the highest it had been since mid-2013. And it has increased to just over $26 in June 2021.
The American Silver Eagle is the official silver bullion Coin of the United States. It was first released by the United States Mint on November 24, 1986. It is struck only in the one troy ounce size which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver. It is authorized by Title II of Public Law 99-61 (Liberty Coin Act, approved July 9, 1985) and codified as 31 U.S.C. § 5112(e)-(h). Its content, weight, and purity are certified by the United States Mint. In addition to the bullion version, the United States Mint has produced a proof version and an uncirculated version for Coin collectors. The Silver Eagle has been produced at three mints: the Philadelphia Mint, the San Francisco Mint, and the West Point Mint. The American Silver Eagle bullion coin may be used to fund Individual Retirement Accounts.
The design on the Coin’s obverse was taken from the “Walking Liberty.” Designed by Adolph A. Weinman it was originally used on the Walking Liberty Half Dollar coin of the United States from 1916 to 1947. As this iconic design had been a public favorite—and indeed one of the most beloved designs of any United States coinage of modern times, silver or otherwise—it was revived for the Silver Eagle decades later. The obverse is inscribed with the year of minting or issuance, the word LIBERTY, and the phrase IN GOD WE TRUST.
The reverse was designed by John Mercanti and portrays a heraldic eagle behind a shield; the eagle grasps an olive branch in its right talon and arrows in its left talon, echoing the Great Seal of the United States; above the eagle are thirteen five-pointed stars representing the Thirteen Colonies. The reverse is inscribed with the phrases UNITED STATES OF AMERICA, 1 OZ. FINE SILVER~ONE DOLLAR, and E PLURIBUS UNUM (on the banner that the eagle holds in its beak), as well as the mint mark if applicable.
American Silver Eagle bullion coins are not sold directly to the public. Instead, the United States Mint distributes the coins through a network of authorized bullion purchasers. These dealers purchase the coins in bulk quantities and then resell them to other bullion dealers, coin dealers, and the public.
Silver Eagles can be purchased through several options. Bulk purchases can be made by buying so-called “Monster Boxes.” These green boxes contain 25 rolls of Silver Eagles containing 20 coins each. Since a large number of coins are purchased, this usually yields the lowest premium per coin. More commonly, coins are purchased by individual 20-coin rolls. The rolls have a distinctive green top depicting the seal of the United States Treasury. Silver Eagles can also be purchased individually. Whether buying a roll or the Monster Box, Nationwide Coin & Bullion Reserve is sure to provide the best prices and customer service in the industry. Call today!