1987 Silver American Eagle Coin Value and Collectibility

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Credit: pexels.com, Brown and White American Bald Eagle

The 1987 Silver American Eagle Coin is a highly sought-after collectible, and its value has increased significantly over the years.

It was minted in a large quantity of 4,995,483 coins, making it a relatively common coin.

However, its popularity and the fact that it's one of the first coins in the Silver American Eagle series have contributed to its collectibility.

The coin contains 1 oz of 99.9% pure silver, which is a significant factor in its value and collectibility.

American Eagle Coin

The American Eagle Coin is a highly collectible item, especially the 1987 issue. It's a bullion coin made by the United States mint, containing one ounce of pure silver.

The stated value of the coin is only $1, but its actual value is much higher due to its silver content. This means that the price of the coin is usually around $2 above or below the current price of an ounce of silver.

Credit: youtube.com, 1987 American Silver Eagle

Each regular issue 1987 $1 silver coin has a unique design featuring a female with the sun behind her on the obverse and an eagle with shield and 13 stars on the reverse.

The coin's text includes the year "1987" and phrases like "In God We Trust" and "United States Of America." The design is fairly plain, but that's what makes it so collectible.

If you have a proof 1987 American Eagle, it's considered more valuable than a regular strike. Proof coins have a S mint mark under the left side of the eagle, indicating they were minted in San Francisco.

The certified population of PCGS MS70 coins has doubled since 2012, when Whitman published the first edition of John Mercanti's book on American Silver Eagles. This is an important fact for collectors to keep in mind when buying or selling these coins.

Collecting and Value

The 1987 American Silver Eagle is a highly sought-after collectible coin, and its value can vary greatly depending on its condition and certification.

Credit: youtube.com, RARE SILVER EAGLE COINS WORTH MONEY - SILVER COINS VALUE!!

As a collectible coin, the 1987 American Silver Eagle bullion strike is treated as a generic issue in grades MS69 and below, but it exerts a significant market premium in MS70.

The premium spread between "perfect" coins from different certification services, like NGC and PCGS, is expected to narrow in the future, as PCGS seems to be more willing to offer up a "70" grade to premium coins.

In any case, collectors should be mindful of certified population totals, as Newton's "Third Law of Modern Numismatics" suggests that when the population goes up, the price must come down.

Each 1987 American Silver Eagle coin contains one ounce of pure silver, making it a valuable collectible in its own right, and its value is usually around $2 above or below the current price of an ounce of silver.

The coin's design is fairly plain, with the obverse featuring a female with the sun behind her and the reverse showing an eagle with shield and 13 stars.

Proof coins, which have a S mint mark under the left side of the eagle, are considered more valuable than regular strikes and are highly sought after by collectors.

Product Information

Credit: youtube.com, 1987 Silver American Eagle

The 1987 silver American Eagle is a highly sought-after collectible coin. It was minted by the US Mint in 1987.

This coin features a purity of 0.999, with a weight of 31.10g. The diameter is 40.6mm, and the thickness is 2.98mm.

The coin is made of 99.9% fine silver and has a face value of 1 USD. It's a non-circulating coin, meaning it's not meant for everyday use.

Here are some key specifications of the coin:

The 1987 silver American Eagle is part of the American Eagle series, which is one of the most popular gold and silver coin series in the world. It's a great addition to any coin collection.

$1 Coin Guide

The $1 coin is a great alternative to paper bills, and it's interesting to note that the Sacagawea dollar coin is a type of $1 coin. It was introduced in 2000 to commemorate the Lewis and Clark expedition.

The $1 coin is made of a copper-clad coin, but it's not the same as the 1987 silver American Eagle, which is made of 91.67% silver. The $1 coin is also not as valuable as the 1987 silver American Eagle, which has a face value of $10.

Credit: youtube.com, 1987 Silver American Eagle Dollar

The $1 coin is widely accepted in the US, and it's a good option for everyday transactions. You can use it to buy groceries, pay for coffee, or even make online purchases.

However, the $1 coin is not as rare or collectible as the 1987 silver American Eagle, which has a limited mintage and is highly sought after by collectors.

For more insights, see: Series B Banknotes

Eagle Sales

The 1987 American Silver Eagle saw a significant surge in sales, with a total of 11,442,335 bullion coins sold that year. This was the high watermark for the series for over 20 years.

The Liberty Coin Act, which authorized the American Silver Eagle, was passed in 1985 and aimed to dispose of the federal government's massive silver stockpile, which exceeded 139 million ounces at the time.

The availability of the coin for purchase throughout the entire year contributed to the increase in sales. Buyers could purchase the coin from January 1 to December 31, 1987.

The coin's design featured a symbolic representation of Liberty on the obverse side and an eagle on the reverse side, as mandated by the Liberty Coin Act.

Richard Harvey-Nolan

Junior Writer

Richard Harvey-Nolan is a rising star in the world of journalism, with a keen eye for detail and a passion for storytelling. With a background in economics and a love for finance, he brings a unique perspective to his writing. As a young journalist, Richard has already made a name for himself in the industry, covering a range of topics including precious metals news.

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