1987 1 OZ AMERICAN SILVER EAGLE

Description

1987 1 oz American Silver Eagle

The 1987 1 oz American Silver Eagle is the second release in the highly regarded American Silver Eagle series, which debuted in 1986. Produced by the United States Mint, the Silver Eagle is the official silver bullion coin of the United States and is known for its iconic design and guaranteed silver content. Below are the key details and features of this particular coin:

General Information

Composition and Weight: The 1987 Silver Eagle is composed of 1 troy ounce of .999 fine silver, making it a substantial and valuable piece for both collectors and investors.

Minting Location: These coins were minted at the U.S. Mint facilities, most notably the Philadelphia and San Francisco Mints. However, unlike later years, the 1987 Silver Eagle does not bear a mint mark, which is typical for bullion releases.

Legal Tender: The coin has a face value of $1, though its market value is primarily based on its silver content and collectible appeal.

Design

• Obverse: The obverse of the coin features the classic “Walking Liberty” design by Adolph A. Weinman, originally used on the Walking Liberty Half Dollar from 1916 to 1947. Lady Liberty is shown striding toward the sunrise, draped in the American flag, with the inscriptions “LIBERTY,” “IN GOD WE TRUST,” and the year “1987.”
• Reverse: The reverse design, created by John Mercanti, displays a heraldic eagle with a shield, clutching an olive branch and arrows. Above the eagle’s head are 13 stars, representing the original 13 colonies. The inscriptions include “UNITED STATES OF AMERICA,” “1 OZ. FINE SILVER~ONE DOLLAR,” and “E PLURIBUS UNUM.”

Unique Features

Early Issue: As only the second year of production, the 1987 Silver Eagle holds special significance for collectors who are interested in the early issues of the series.

Iconic Design: The Silver Eagle is renowned for its beautiful and patriotic design, which has made it a favorite among collectors and a symbol of American silver coinage.

Collectibility

Historical Significance: Being an early release in the American Silver Eagle series, the 1987 coin is sought after by collectors who aim to build a complete set of Silver Eagles.

Condition and Rarity: While the 1987 Silver Eagle was produced in significant numbers, its value can vary depending on its condition. Coins in pristine, uncirculated condition, especially those graded by professional services, can command a premium.

Investment Potential

Silver Content: The coin’s intrinsic value is supported by its 1 troy ounce of .999 fine silver, making it an excellent investment in precious metals.

Market Demand: The American Silver Eagle series is one of the most popular silver bullion programs in the world, ensuring a robust market for these coins. Early issues like the 1987 release often see increased demand from collectors.

Preservation and Storage

Protection: To maintain its condition, it is recommended to store the coin in its original packaging or in a protective capsule. Keeping it in a cool, dry environment will help prevent tarnishing or damage.

Handling: Minimize handling to avoid fingerprints or scratches, which can diminish the coin’s value, particularly if it is in uncirculated condition.

The 1987 1 oz American Silver Eagle is a classic piece of American coinage, valued both for its silver content and its place in the history of the Silver Eagle series. Its iconic design and early production year make it a compelling addition to any silver or coin collection.