Among the most valuable of the bullion-quality strikes are the 1986, 1994, 1995, and 1996, with the latter serving as the key date for all regular-issue bullion strikes.
Supply and DemandOften, new-issue American Silver Eagles will rise in price while there is a tremendous demand for them and then later come back to reality once the rush is over. Nevertheless, there are cases where the coins will continue to increase in price because there is so much demand and not enough supply.
Value. The value of Proof coins is almost always going to be more significant than that of a similar uncirculated, non-proof coin (when discounting other numismatic coins, such as key dates, errors, etc.). The relative mark-up is larger in silver Proof coins than it is in gold Proof coins.
Rarity: Proof coins are less common than general uncirculated coins, making them highly collectable. Value: Proof coins are typically considered more valuable (but this is not always the case). Condition: Proof coins are shipped in exceptional condition and are usually free from any visual blemishes.
Modern U.S. Proof Set Coin Values
| Date & Type | Total Sets Sold | Avg. Buy Price |
|---|
| 1937 | 5,542 | $4,300.00 |
| 1938 | 8,045 | $1,850.00 |
| 1939 | 8,795 | $1,800.00 |
| 1940 | 11,246 | $1,400.00 |
A premium of a few dollars over spot price is common when dealers sell silver coins to the public. Ideally suited for coin collectors, the American Silver Eagle proof is struck multiple times, resulting in a more detailed and frostier look when compared to other coins.
Best Silver Coins To Buy: Top 10 List
- Roosevelt dime.
- Silver Washington quarter.
- Walking Liberty half dollar.
- Kennedy half dollar.
- Morgan silver dollar.
- Silver Peace dollar.
- Eisenhower dollar.
- American Silver Eagle.
Banks rarely, if ever, will have silver dollars for sale. We are not referring to US Mint Silver Eagle coins with a face value of one dollar. However, even then you may not want to buy or sell at the bank. That is because they charge significantly more than bullion dealers do.
A reverse proof coin is a coin that is struck in the same manner as a normal proof coin, except that the fields are frosty and the raised devices are mirror-like. The term "reverse proof" does not mean that only the reverse side of the coin is struck in the Proof finish.
The U.S. Mint recognizes a proof coin as “a specially made coin distinguished by sharpness of detail, usually with a brilliant mirror-like surface.” However, proof does not necessarily indicate the condition of the coins, but rather the way in which the coins are produced or manufactured.
This coin catalogs in the 2021 edition of A Guidebook Of United States Coins, commonly called the “Red Book,”at $3,500. The regular issue Uncirculated 1996 silver Eagle dollar has the lowest mintage of the bullion issues at 3,603,386.
Obverse and its opposite, reverse, refer to the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, obverse means the front face of the object and reverse means the back face.
The exact number of 1996 silver eagles produced was 3.6 million. If your American silver eagle album is missing this coin, expect to pay $60 or more for a 1996 silver eagle in brilliant uncirculated condition. Certified 1996 silver eagles tend to sell for more, especially MS70 versions, which upward of $100!
The American Silver Eagle proofs carry a significant premium over the spot silver price. This is for a few reasons. First, a proof coin is simply more expensive to make. The coin is struck using special dies.
The bullion 1996 Silver Eagle carries a premium due to its low mintage. The United States Mint also offered the 1996 Proof Silver Eagle (Buy on eBay) for collectors. These coins were priced at $23.00 and carried a maximum authorized mintage of 500,000 coins. The entire amount was sold out.
The one-ounce silver Eagle has a legal tender value of $1 (silver is currently over $23/ounce) and the gold Eagle is a $50 coin (the gold price is almost $1,400). Obviously, no one would use $23 worth of silver to buy a can of Diet Coke from a vending machine.
USA Coin Book Estimated Value of 2007-W American Silver Eagle (Proof Variety) is Worth $72 or more.
USA Coin Book Estimated Value of 2009-W American Silver Eagle (Bullion (No Mint Mark) Variety) is Worth $33 or more in Uncirculated (MS+) Mint Condition.
USA Coin Book Estimated Value of 2008-P Presidential Dollar (James Monroe Variety) is Worth $2.17 or more in Uncirculated (MS+) Mint Condition.
Value of 2011 American Silver EagleEach coin has a stated value of only $1.
