The American Eagles Silver Bullion Coins contain precious metals of 99.93% silver as required by law, and .07% copper.
The American Eagles Silver Bullion coins weigh in at 31.101 grams (One troy ounce = 31.1033 grams.) and has the face value of a dollar. The American Eagles silver dollars are the largest of the American Eagles coins issued by the US Mint.
The new 2003 US Mint American Eagles silver dollar has the design of Adolph A. Weinmans’ Walking Liberty, originally used on the half dollar coins from 1916 through 1947. You’ll find his initials on the hem of Miss Liberty’s gown.
The reverse features a rendition of the heraldic eagle by John Mercanti.
The U.S. Mint American Eagles silver coins are minted in Philadelphia and at the Bullion Depository in West Point, New York.
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Although silver is relatively scarce, it is the most plentiful and least expensive of the precious metals. The largest silver producing countries are Mexico, Peru, the United States, Australia and Chile. Sources of silver include; silver mined directly, silver mined as a by-product of gold, copper, lead and zinc mining, and silver extracted from recycled materials, primarily used photographic materials. Today, silver bullion stocks make up a significant component of silver supply.
The demand for silver comes primarily from three areas; industrial uses, jewelry and silverware, and photography. These industries represent 95 percent of annual silver consumption. Silver’s superior properties make it a highly desirable industrial component in manufactured products. Silver’s artistic beauty and status make it one of the most romantic and sought after precious metals.
Diversity is silver’s primary asset. Its unique properties include beauty, strength, sensitivity to light, malleability and ductility, electrical and thermal conductivity, reflectivity and the ability to endure extreme temperature changes. These properties allow groundbreaking research to be conducted by scientists and engineers that effect the way we live.
Silver more than other precious metals, has significant demand rooted in sectors as diverse as imaging, electronics, jewelry, coinage, superconductivity and water purification. For this reason, silver is no longer known as just a precious metal, a store of value, a work of art or an industrial metal. It is all of these. Today silver is indispensable, working all around us to improve the quality of our lives.