Description
Throughout the first decade of its availability, the American Silver Eagle coin enjoyed relatively stable demand from investors and collectors. Excluding the first two years of availability, the American Silver Eagle saw mintage numbers between 5.5 million and 7.7 million each year from 1988 to 1993. Beginning in 1994 however, demand would start to slip towards an all-time low just two years later in 1996.
Coin Highlights: TOTAL MINTAGE IN 1994 WAS 4,599,487 COINS! 9TH ANNUAL RELEASE OF THE AMERICAN SILVER EAGLE! Ships in an individual flip, mint-sealed tubes of 20, or Monster Boxes of 500. Contains 1 oz of.999 pure silver. Face value of $1 (USD) is fully backed by the US government. Walking Liberty graces the obverse. Heraldic eagle of the United States dominates the reverse. Proof coins feature a “P” mint mark from the Philadelphia Mint. Mintage of American Silver Eagle coins in the early 1990s was very hit-or-miss. The quick onset of the Persian Gulf War, and its quicker conclusion, coupled with an improving economy beginning in 1993 led to dramatic changes in precious metal prices and demand for bullion coins. For example, the mintage from 1990 to 1994 consistently spiked and dropped in each consecutive year, going from 6.5 million in 1990 to 7.7 million in 1991, only to drop to 6.03 million in 1992 before jumping again to 7.1 million in 1993. The 1994 American Silver Eagle coin exhibited a much steeper decline in production than the previous series of spikes and drops, falling by 2.6 million coins. There were 4.2 million bullion coins struck and 372,168 proof coins sold. 1994 not only marked the second lowest bullion mintage of all time, but also the lowest ever mintage of Proof American Silver Eagle coins.
On the obverse is the familiar Walking Liberty image from Adolph A. Weinman, which previously adorned the Walking Liberty Half Dollar from 1916 to 1947. John Mercanti’s heraldic eagle, a staple of American coins going back to 1793, appears on the reverse of these coins
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