2011 American Silver Eagles

American Silver Eagle - Click to Enlarge

American Silver Eagle - Click to Enlarge

The 2011 Silver Eagles continue an annual series of coins that dates back to 1986. This makes the 2011 strikes the twenty-sixth year for the program.

In the past, the Mint has struck these coins to bullion, proof and uncirculated condition. However, only the bullion coins are required by law. As such, the Mint can, and has, cancelled the collector grade coins in specific instances.

2011 Bullion Eagles

Bullion Silver Eagles weight, content and purity are guaranteed by the United States government - the only silver coins to carry that distinction. As such, the strikes are even allowed to be purchased as investment devices to be added to an Individual Retirement Account (IRA).

Each bullion Silver Eagle contains one troy ounce of 99.9% pure silver and is struck to a diameter of 1.598 inches. Millions of these strikes are purchased annually by the public through the Mint's network of authorized purchasers.

2011 Proof Eagles

Proof Silver Eagles are highly prized by most collectors and were first available in 1986 along with the bullion Eagles. Their annual run remained uninterrupted for over two decades before the Mint was forced to cancel their production in 2009. That cancellation was in direct response to the burden placed on the Mint for a record number of orders for the bullion Eagles that year forcing the Mint to divert all available blank silver planchets to the bullion production.

Proof Eagles returned to the Mint line-up in late 2010 which the Mint attributed to a tripling of the blank planchet production from the Mint's suppliers.

Silver Eagle Design

"Liberty" in a flowing gown, draped in the American Flag, is shown on the obverse of each Silver Eagle. The image by Adolph A Weinman is well-known as the "Walking Liberty" design that was first used on the Half Dollar coin from 1916-1947 and is considered by many to be one of the most beautiful to ever grace a coin of the United States. Along with the mythical figure on the obverse are the inscriptions of 'Liberty,' 'In God We Trust' and the date.

John Mercanti designed the Heraldic Eagle & shield that is featured on the reverse of the Silver Eagle meant to symbolize strength and endurance. The inscriptions 'E Pluribus Unum' and 'United States of America,' '1 oz. Fine Silver' and '1 Dollar' are also shown on the reverse.

Silver Eagle Values

The United States Mint does not sell its bullion products directly to the public. Instead for coins like the bullion Silver Eagles, the Mint uses a network of authorized purchasers which buys the coins in bulk from the Mint, only to resell them to the public for a small premium above the current spot price of the silver contained within them.

Collector grade Eagles are sold directly to the public by the Mint. These coins, struck from specially burnished blanks, typically carry a significant premium on them above the current melt value of each piece. That premium can escalate significantly if the coin has been slabbed and graded highly by a third party grading service.

American Silver Eagle Specifications

Mintmark: W for Uncirculated and Proof, None for bullion
Composition: 99.93% silver, remaining copper
Weight: 31.101 grams or 1.000 ounces
Diameter: 40.6 mm or 1.598 inches
Date of Issue: 2011
Mintages: Based on Demand
Obverse Designer/Sculptor: Adolph A. Weinman
Reverse Designer/Sculptor: John Mercanti

Silver Eagle Resources