Following six years of growth, the Silver American Eagle coin program settled into a three-year stretch of stability during the mid-2000s. Production of the coins fell from its recent peak in 2002 to finish 2003 around 9.2 million coins, with the bullion program shrinking while the proof coins grew by a significant number. Right now, the 2003-W Proof Silver American Eagle is available as a perfect specimen on Silver.com.
- Only 8,663 coins earned this certification in 2003!
- 18th annual Proof Silver American Eagle coin striking.
- 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.
- Includes an Ultra-cameo finish.
- Features the image of Walking Liberty on the obverse.
- Heraldic eagle of the US on the reverse.
- “W” mint mark from the West Point Mint.
Mintage for the 2003 Silver American Eagle fell significantly in the bullion version, but the Proof Silver American Eagle actually showed impressive signs of growth. Bullion coins fell from 10.5 million the year before to 8.41 million coins produced.
2003-W Proof Silver American Eagle mintage nearly hit the maximum mintage set by the US Mint for the year. The maximum mintage remained level from 2002 at 750,000 coins total, and the total for the end of the year was 747,831 coins.
Silver prices throughout 2003 didn’t have much of an impact on sales as the price remained on par with recent years. The average per-ounce price of silver was $4.88, but spiked near the end of the year to around $6.00 per ounce.
On the obverse of each coin is the Walking Liberty image from Adolph A. Weinman. Weinman’s design debuted in 1916 on the Walking Liberty Half Dollar, and featured on that coin until 1947.
The reverse includes the heraldic eagle of the US. First used in 1792, it has been updated multiple times, but US Mint Chief Engraver John Mercanti refined this version in 1986 for use on the Silver Eagle.
Each coin in this listing has a PF70 grade and UCAM designation from the NGC. PF70 coins feature full, original luster from the mint and lack any detracting flaws. UCAM coins have strong, frosted finishes on the design and deeply-mirrored, clear background fields.
If you have any questions, don’t hesitate to ask. Silver.com associates are available at 888-989-7223, online using our live chat, and via our email address. To browse similar products, be sure to check out our selection of NGC Graded Proof Silver Eagles.