Mintage for the 1997 Silver American Eagle series showed signs of life as the coins shook off rough patches in the mid 1990s, and headed into an era of strong growth. After hitting some of its lowest mintages, the bullion coin rebounded while the 1997 Proof Silver Eagle shrunk modestly. Right now, the 1997-P Proof Silver American Eagle is available as a perfect specimen from Silver.com.
- There are only 672 coins with this condition and certification!
- 12th annual release of the Proof Silver American Eagle coin!
- Arrives in a protective plastic slab.
- Consists of one troy ounce of .999 fine silver.
- Bears a face value of $1 (USD) backed by the federal government.
- Issued a grade of PF70 by the Numismatic Guaranty Corporation.
- Available in Ultra-cameo finish.
- Includes the Philadelphia Mint’s “P” mint mark.
- Features Walking Liberty on the obverse.
- Heraldic eagle on the reverse.
The 1997 Silver American Eagle set near-low records for both the bullion and proof versions of the coin. The bullion coin, with a mintage of 4.295 million coins, marked its third lowest mintage of all time. Likewise, at 444,315, the 1997-P Proof Silver American Eagle coin had its third lowest all-time mintage as well.
Some of the Proof Silver American Eagle coins produced in 1997 were allocated to the Impressions of Liberty Set. This included a one ounce proof Silver Eagle, Gold Eagle, and one of the new Platinum American Eagle coins. This marked the introductory year of the Platinum American Eagle, the first expansion of the program since its introduction.
The 1997-P Proof Silver American Eagle coins available to you today are perfect specimens in the eyes of the NGC. Coins with a PF70 grade exhibit full, original luster from the mint and feature no detracting flaws of any kind on the surfaces.
UCAM coins have strong, frosted matte finishes on the design sets and deeply-mirrored, clear background fields. This contrast gives the coin’s design the impression of floating above the surface area of the coin.
The spot price of silver didn’t shift much during 1997. Per-ounce prices averaged $4.91 throughout the year, but did manage to break above $6.00 per ounce in December 1997.
If you have any questions, don’t hesitate to reach out to Silver.com. Our associates are available on the phone at 888-989-7223, online using our live web chat, or via our email address.