HISTORY OF SILVER
Silver has attracted man's fascination for many thousands of years. Ancient civilizations found silver deposits plentiful
on or near the earth's surface. Relics of these civilizations include jewelry, religious artifacts, and food vessels formed
from the durable metal. This metal took on mystical qualities in marking the medium of exchange.
In 1792, silver assumed a key role in the United States monetary system when congress based the currency on the
silver dollar and its fixed relationship to gold. Silver was used for the nation's coinage until its use was discontinued in 1965.
Today silver is sought as a valuable and practical commodity, as well as an appealing precious metal. Many countries
now issue silver bullion coins, among them the United States, Canada, and Mexico.
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, Australia, Chile and the United States. Silver is mined as a by product of gold,
copper, lead, zinc, and also mined directly from silver mines.
The American Eagle Bullion program was launched in 1986 with the sale of gold and silver bullion coins. Platinum was
added to the American Eagle Bullion family in 1997. A bullion coin is a coin that is valued by its weight in a specific
precious metal.
Silver Uses
The demand for silver comes primarily from three areas; industrial uses, jewelry, silverware, and photography.
These industries represent 95 percent of annual consumption. Silver's superior properties make it a highly desirable
industrial component in manufactured products. Silver's beauty and status make it one of the most romantic and
sought after precious metals.
Silver has significant demand rooted in sectors as diverse as imaging, electronics, jewelry, coinage, superconductivity
and water purification. Silver is no longer known as just a precious metal, it is a work of art, has value and improves
the quality of our lives.
Most Popular Bullion
The Silver Eagle has become the most popular bullion coin in the world because of its beauty, quality and the
assurance of content by the U.S. Government. They are 1 troy ounce each, 99.9% pure and are legal tender.
The American Eagle is the only coin whose weight, content, and purity is guaranteed by the United States
Government. Requiring no assaying, American Eagles are easily converted to cash at any time.
Market Value
Each American Eagle's price is based on the current value "spot price" plus a premium per coin. The spot
price of silver is reported every business day in all major newspapers, network television, radio and online.
Silver Eagle Design
The design is based on the famous "Walking Liberty" of Adolph Weinman's 1916 U.S. half dollar, considered
to be one of the most beautiful coins ever minted. Every Silver eagle is a work of art, minted
to exacting standards by the United States Mint. These classic coins are among the most affordable ways
to own government minted bullion coins.
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