The 2011 Bullion Silver Eagle continues the tradition of a series of coins authorized by Congress and introduced by the United States Mint in 1986. These coins, crafted from 99.9% pure silver, are the official silver bullion coins of the United States. They are typically made available to the Mint’s network of authorized purchasers in the early weeks of the year and remain accessible throughout most of the year to meet demand. The 2011 Silver Eagle first became available on January 3, 2011, and quickly set a remarkable annual sales record by October. Along the way, it also achieved several notable monthly milestones.
Composition and Appeal
Each Silver Eagle is struck from one ounce of fine silver and carries a legal tender face value of $1, though its actual worth is based on the current market price of silver. This combination of guaranteed purity, weight, and backing by the U.S. government has made the Silver Eagle a global favorite among investors. These coins offer a practical and affordable way for individuals to incorporate physical silver into their portfolios.
Authorized under the 1985 Liberty Coin Act, the American Silver Eagles have consistently enjoyed high demand. Their production process involves the U.S. Mint selling them to authorized purchasers at a price based on the current silver market value, plus a small premium to cover production and distribution costs. The purchasers then sell the coins to dealers and the public at market-based rates, ensuring accessibility while reflecting silver’s fluctuating value.
Timeless Designs
The obverse of the Silver Eagle features Adolph A. Weinman’s iconic “Walking Liberty” design, which debuted on the half dollar coin in 1916. Widely regarded as one of the most beautiful designs in American coinage, this depiction of Liberty symbolizes hope and freedom. On the reverse, John Mercanti’s heraldic eagle with a shield adds a touch of regal simplicity. Both designs have remained unchanged since the coin’s inception in 1986, except for the updated date on the obverse.
Bullion vs. Collector Editions
The United States Mint also produces Silver Eagles for collectors, available in proof and uncirculated versions. Unlike the bullion coins, these collector editions feature a mintmark to distinguish them. This difference allows collectors and investors alike to easily identify between the two.
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Mintages and Historical Significance
Since their debut in 1986, the American Silver Eagles have sold over 200 million coins. The following chart provides a year-by-year breakdown of mintage numbers:
| Year | Mintage |
|---|---|
| 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 |
The 2011 Silver Eagles not only continued this legacy but also solidified their place in history by setting a new annual sales record before the year ended. Their popularity underscores the enduring appeal of this treasured series, offering both beauty and investment value to millions around the world.