One year after its introduction in 1986, it was clear the US Mint had made an excellent choice in releasing a silver bullion coin. Investors and collectors were flocking to the coin for its purity, government-backed silver content, and stunning design. Right now, the 1987-S Proof Silver American Eagle coin is available on Silver.com with a CoA and commemorative display box.
- Total proof mintage of 904,732 coins in 1987!
- Second annual Proof Silver American Eagle!
- Ships to you in a commemorative box, and includes a Certificate of Authenticity.
- Consists of one troy ounce of .999 fine silver.
- Issued a face value of $1 (USD) by the United States government.
- Bears the “S” mint mark from the San Francisco Mint.
Silver American Eagle coins were met with immense enthusiasm by both collectors and investors in 1986, but in 1987 there was a massive spike in demand that wouldn’t be seen again until the mid-2000s. After a mintage of 5.3 million bullion coins in the first year, second-year mintage spiked by 6.1 million to 11.44 million bullion coins.
For the Proof Silver American Eagle, mintage was down in 1987 to 904,732 from the previous year’s 1.44 million. However, the proof coin is always struck in lower mintage figures, and 1987 remains to this day the third highest single-year mintage in the program’s history.
On the obverse face of all coins is Adolph A. Weinman’s depiction of Walking Liberty. Originally created in 1916, it appeared first on the Walking Liberty Half Dollar. Weinman’s vision of Liberty is one that represents the nation’s determination to find a brighter tomorrow.
The reverse face of the Silver American Eagle features a heraldic eagle design from then-US Mint Chief Engraver John Mercanti. The heraldic eagle has been a fixture of American currency dating to the 18th century. Mercanti’s vision was a modern take on the heraldic eagle, and is highlighted by 13 stars arranged in a triangle above the eagle’s head. The stars represent the nation’s original colonies.
All Silver American Eagle coins, both bullion and proof, were struck at the San Francisco Mint facility during the program’s early years. Bullion coins remained there until 1998, while these Proof Silver American Eagles would shift to the Philadelphia Mint in 1993.
Please direct your questions to a Silver.com associate. We’re available at 888-989-7223, online using our live chat, and via email.