For many people, coin collecting is a beloved hobby. For many others, buying silver bullion coins is actually an important investment!

Investing in silver coins has many benefits. Buying precious metals is a good way to hedge against investment losses in the stock market. For doomsday scenario enthusiasts, investing in precious metals is a way to prepare for future disasters. 

There are many wonderful investment coins minted in the United States. One of the most beautiful examples is the American eagle silver dollar. This precious coin is not only stunning, but it is also quite valuable.

Would you like to learn more about the American eagle silver dollar value and its history? Read on for all you need to know about this special coin.

History of the American Eagle Silver Dollar

Back in the 1970s, the United States government had stockpiled a large amount of silver in the Defense National Stockpile. The administration decided it would like to start selling off this stock of silver.

Congress took up the issue, but could not come to an agreement. Many in Congress agreed it was a good idea to sell. However, others worried that selling the silver could create a shortfall in a time of emergency.

The two sides eventually hammered out the Gold Bullion Coin Act, also known as the Liberty Coin Act of 1985. This law allowed the US Mint to produce and sell silver coins using 75% of the silver bullion stockpile.

The bill was signed into law by President Ronald Regan, and the first American eagle silver dollar coins were produced on October 20, 1986. 

Design of the American Eagle Silver Dollar

The name Liberty Coin Act stems from the design of the American silver eagle dollar. The obverse side of the coin features a variation of the Walking Liberty sculpture. This popular depiction of Lady Liberty was created by sculptor Adolph A. Weinman for a coin produced in the early 1900s. 

The reverse side of the coin features the seal of the United States. It also has 13 stars which represent the original 13 colonies.

American Eagle Silver Dollar Value Today

The American eagle silver dollar has a face value of $1. It is made of 1 oz of .999 fine silver. This coin is a good way to add fine metals to your investment portfolio.

The selling price of the American eagle silver dollar does fluctuate based on the trading value of silver. Currently, the coins are worth about $20 each on monetary trading sites.

Are You Ready to Invest?

American silver eagle coins are a great investment idea for many people. If you are considering adding metal to your portfolio or collection, these coins are a great way to get started. They are low-risk and will always hold at least the value of the coin backed by the US government.

The American eagle silver dollar value is a great investment. Look into a reputable dealer today. Now is a great time to invest in this special coin.