Classic San Francisco Silver American Eagle Proofs
Post by: Walt Durham
in Silver
The United States Mint first released Silver American Eagles on November 24, 1986. Each coin is struck from one Troy ounce of 99.9% pure silver. Over the years, Proof Silver American Eagles have been struck at three different mint locations: Philadelphia, San Francisco, and West Point.
For the first seven years, 1986 to 1992, the Proof Silver American Eagles were struck exclusively at the San Franciso Mint. We call these the "Classic San Francisco Proof Silver American Eagle Series."
These early dated coins in perfect "Proof 70" are quite rare. Their flawless condition and rarity are preferred by both collectors and investors.
Because of their extreme scarcity in PF70 grade, they are often referred to as "investment grade" coins. This is because they are valued for their rarity and not their silver weight; therefore, they are not subject to the ups and downs in the commodity market, and their value is more stable over time.
We highly recommend this seven coin set for anybody wanting to collect truly scarce Silver American Eagle coins. First of all, putting together a set is a challenge, but it is not too challenging. And with only seven coins in the entire set, a set can be assembled by a collector on even the most modest budgets.
Not to mention that they are always in high demand. The Silver American Eagle is the most popular and best-selling silver coin in the world. The Proof Silver American Eagles, especially those in flawless condition, are aesthetically superior to just about any other silver coin in production today.
The best part is that in perfect Proof 70 grade, they are true modern-day rarities. Out of all the Proof Silver Eagles originally struck from 1986-1992, less than 1/3 of a percent are known in NGC PF70 grade.
To put that in perspective, NGC has certified THREE TIMES MORE (3x) 2018 Silver American Eagles in PF70 than it has from all seven Classic San Francisco Proofs COMBINED!
The rarity, price stability, and long-term potential of the Classic San Francisco Silver Eagle Proofs are key factors why we strongly recommend them to anyone wanting silver.