Glossary

American Silver Eagle


The American Silver Eagle is the official US silver bullion coin: one troy ounce of .999 fine silver with a $1 face value.

One-ounce American Silver Eagle, obverse, showing the Walking Liberty design
Fig. 1One-ounce American Silver Eagle.

The American Silver Eagle is the official silver bullion coin of the United States, containing one troy ounce of .999 fine silver and carrying a $1 face value. It is struck by the US Mint and is the most widely traded silver coin in the American market.

The coin is issued in one size only, one troy ounce, which keeps it simple compared with gold series that run in fractional weights. What varies is the finish. Bullion Silver Eagles are the standard production coins sold by weight for their metal content. Proof Silver Eagles are struck on polished dies for collectors and sold in Mint packaging. Burnished coins are a third finish, struck on specially treated blanks, and are also aimed at collectors rather than stackers.

Because the coin is .999 fine, it meets the IRS silver fineness minimum and is IRA-eligible when held through an approved depository.

Educational information only, not tax or legal advice. Texas Bullion Exchange does not provide tax or legal advice — confirm your own situation with your tax professional.

The combination of a fixed weight, a recognized design, and US Mint backing means Silver Eagles change hands quickly at dealers, which matters as much when you sell as when you buy.

The two Silver Eagle reverse designs side by side
  1. Heraldic eagle
  2. Landing eagle
Fig. 2The two reverse designs: the heraldic eagle used from 1986, and the landing eagle that replaced it in 2021.

Call 855-344-2646 to talk with a Texas Bullion Exchange specialist about Silver Eagles.

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