In its fourth year of production by 1989, the Silver American Eagle was gaining more admirers by the year. Investors love the coin for its silver purity and government-backed content, while collectors appreciated the proof version’s purity and excellent design features. At this point, the Silver American Eagle was in the midst of its first-ever upward swing in popularity. The 1989-S Proof Silver American Eagle coin is currently available on Silver.com.
- Mintage total of 617,694 proof coins in 1989!
- Fourth annual Proof Silver American Eagle coin.
- 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 San Francisco Mint’s “S” mint mark.
Silver American Eagle coins debuted to intense demand in 1986. There were 6.8 million coins struck in total, with 5.3 million bullion coins and a program-high 1.4 million proof coins. By 1989, the proof coins had come down to Earth in terms of demand.
After the craze of the first two mintage years, the United States Mint experienced moderate demand for the Silver American Eagle throughout the late 1980s and early 1990s. Mintage was up overall in 1989 from the previous year by almost 300,000 coins, to a total of 5.8 million from 5.5 million.
There was an increase of 200,000 coins in the bullion program, and the 1989-S Proof Silver American Eagle saw a production increase of 60,000 coins from 1988, with a total of 617,694 coins produced. This would stand as one of the highest mintage figures for the proof version until the 21st century.
Adolph A. Weinman’s Walking Liberty design, first used on the Walking Liberty Half Dollar from 1916 to 1947, was selected as the official design for the obverse of the Silver American Eagle coin.
John Mercanti, then the Chief Engraver of the United States Mint, created an updated version of the heraldic eagle of the United States for the reverse face. The heraldic eagle first appeared on American currency in 1794, and Mercanti’s version was modernized to feature the eagle with wings spread wide, a heraldic shield in front of it, and arrows and an olive branch in its talons.
If you have any questions, please contact Silver.com at 888-989-7223, chat with us live online, or send us an email.