2011 Bullion Silver Eagle

in 2011 American Eagles

The 2011 Bullion Silver Eagle continues a series of Congressionally authorized coins started by the United States Mint in 1986. These bullion coins are typically available for purchase by the Mint’s network of authorized purchasers beginning in the first few weeks of the year and available throughout most of the remainder of the year as they are produced to meet demand. In fact, the 2011 Silver Eagle was issued by the US Mint beginning on January 3, 2011. Many records were established by the 2011 bullion Eagles including several monthly achievements, however, the biggest news was probably the fact that the 2011 Bullion Silver Eagles attained the annual sales record by October.

2011 Bullion Silver Eagle

Each of the American Silver Eagle coins are composed from one ounce of 99.9% pure silver and are considered the official silver bullion coin of the United States.

Accordingly, the US government guarantees each Eagle’s content, weight and purity. That and their availability has led them to become the leading precious metal investment coin product world-wide. The Silver Eagles were originally authorized by the Liberty Coin Act of 1985 and have since been produced by the millions annually to fulfill demand by investors seeking a convenient and cost-effective way to add a small amounts of physical silver to their investment portfolios.

The bullion coins have a legal tender face value of $1, but their true value is based on the content of the one ounce of silver that is contained within each strike. It is for this reason that the US Mint originally sells each coin through its network of authorized purchasers. This network obtains the coins in bulk from the Mint for an amount equal to the current market value of the silver in the strikes, plus a small premium added per coin to cover the Mint’s production and distribution costs. Then, the network resells them to other coin dealers, precious metals providers and the public for a price based on the market value at the time, keeping the cost of each coin in line with the current value of the silver that it contains.

Found on the obverse of the Silver Eagles is Adolph A. Weinman’s “Walking Liberty” design. This version of Liberty was first used on the half dollar circulating coin in 1916 and is considered by many to be one of the most beautiful to ever grace a coin of the United States. The reverse shows a heraldic Eagle with shield and was designed by United States Mint sculptor/engraver John Mercanti. Both of these design have remained unchanged on the Eagle since the coins introduction in 1986, except for the date on the obverse.

The United States Mint also produces Silver Eagles for collectors, typically in both proof and uncirculated condition. The numismatic Eagles have a mintmark which the bullion strikes lack making them easy to identify from one another.

Bullion Silver Eagle Annual Mintages

Since the introduction of the bullion Silver Eagles in 1986, more than 200 million of the coins have been sold by the United States Mint. A complete year by year breakdown is shown below:

Year Mintages
1986 5,393,005
1987 11,442,335
1988 5,004,646
1989 5,203,327
1990 5,840,210
1991 7,191,066
1992 5,540,068
1993 6,763,762
1994 4,227,319
1995 4,672,051
1996 3,603,386
1997 4,295,004
1998 4,847,549
1999 7,408,640
2000 9,239,132
2001 9,001,711
2002 10,539,026
2003 8,495,008
2004 8,882,754
2005 8,891,025
2006 10,676,522
2007 9,028,036
2008 20,583,000
2009 30,459,000
2010 34,764,500

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