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5 AMERICAN SILVER EAGLE COINS

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5 AMERICAN SILVER EAGLE COINS

Lot 0207 Details

Description
Five Silver Eagle Dollars, 2 from 1987, 1 2006, 1 2007, 1 from 2009. All in cases. The American silver eagle came along after silver stockpiles teemed with excess at the National Defense Stockpile in the 1970s. With the tens of millions of ounces in stockpiled silver, the United States government began to look for a way to sell off some of its reserves without crashing the price of silver. Despite strong resistance from mining companies and others in the bullion business, Congress began drafting plans in 1982 for new silver coins as part of the strategy for reducing silver stockpiles.The initial bills drafted died in the House of Representatives. But in 1985 the Liberty Coin Act was passed and signed into law by president Ronald Reagan, ushering in the era of the American silver eagle, a coin that would become one of the most popular silver bullion items ever. The Walking Liberty design on the obverse side was borrowed from Adolph A. Weinman's popular Walking Liberty half dollar, which was produced from 1916 through 1947. The reverse of the silver eagle boasts the seal of the United States of America with 13 stars representing the original colonies. Silver American eagles were first issued on September 1, 1986 as a result of the Liberty Coin Act empowering the Treasury to mint and issue silver bullion coins. WEIGHT EACH: Purity is set by law to be 0.999 fine (99.9% pure silver) and weight is stipulated as one troy ounce.PROVENANCE: A Private Charleston SC Estate.
Condition
excellent
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5 AMERICAN SILVER EAGLE COINS

Estimate $200 - $250
Jun 02, 2019
Starting Price $5
2 bidders watching this item
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Ships fromMt. Pleasant, SC, United States
Charleston Estate Auctions

Charleston Estate Auctions

Mt. Pleasant, SC, USA
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0207: 5 AMERICAN SILVER EAGLE COINS

Sold for $130
4 Bids
Est. $200 - $250Starting Price $5
ANTIQUES, FINE ART, JEWELRY, STERLING
Sun, Jun 02, 2019 01:00 PM
Buyer's Premium 18%

Lot 0207 Details

Description
...
Five Silver Eagle Dollars, 2 from 1987, 1 2006, 1 2007, 1 from 2009. All in cases. The American silver eagle came along after silver stockpiles teemed with excess at the National Defense Stockpile in the 1970s. With the tens of millions of ounces in stockpiled silver, the United States government began to look for a way to sell off some of its reserves without crashing the price of silver. Despite strong resistance from mining companies and others in the bullion business, Congress began drafting plans in 1982 for new silver coins as part of the strategy for reducing silver stockpiles.The initial bills drafted died in the House of Representatives. But in 1985 the Liberty Coin Act was passed and signed into law by president Ronald Reagan, ushering in the era of the American silver eagle, a coin that would become one of the most popular silver bullion items ever. The Walking Liberty design on the obverse side was borrowed from Adolph A. Weinman's popular Walking Liberty half dollar, which was produced from 1916 through 1947. The reverse of the silver eagle boasts the seal of the United States of America with 13 stars representing the original colonies. Silver American eagles were first issued on September 1, 1986 as a result of the Liberty Coin Act empowering the Treasury to mint and issue silver bullion coins. WEIGHT EACH: Purity is set by law to be 0.999 fine (99.9% pure silver) and weight is stipulated as one troy ounce.PROVENANCE: A Private Charleston SC Estate.
Condition
...
excellent

Contacts

Charleston Estate Auctions
(843) 817-6552
918-E Lansing Drive
Mt. Pleasant, SC 29464
USA
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