Authorized with passage of the Liberty Coin Act of 1985, the Silver American Eagle has served as the official silver bullion coin of the United States for 30 years as of 2016. Today it is the single most popular coin program in the world, and its proof collector’s version is in demand annually among numismatists. Right now, Silver.com offers the 2003-W Proof Silver American Eagle coin for purchase.
- Proof mintage of 747,831 coins in 2003!
- 18th annual striking of the Proof Silver American Eagle!
- Arrives in a commemorative box and features a Certificate of Authenticity.
- Consists of one troy ounce of .999 fine silver.
- Bears a face value of $1 (USD) backed by the federal government.
- Issued a “W” mint mark by the West Point Mint.
The previous year saw the Silver American Eagle coin program earn an extension from Congress. The original Liberty Coin Act gave the Treasury Department and US Mint access to silver stores in the Defense National Stockpile to strike the coins for sale by the federal government.
The 2002 extension issued to the Treasury and the US Mint allowed the former to purchase additional stores of silver on the open market to continue the Silver American Eagle for the foreseeable future. As always though, the legislation stipulated that all silver used must be sourced from within the United States.
In the early 2000s the Silver American Eagle coin program saw relatively steady, but higher, mintage levels compared to other periods before in its history. Mintage figures in 2000, 2001, 2003, 2004, and 2005 were all within 600,000 coins of one another, ranging from a high of 9.83 million in 2000 to a low of 9.24 million in 2003.
Among the 2003 coins, the bullion program saw a sharp drop from 2002’s high of 10.5 million coins, while the 2003-W Proof Silver American Eagle jumped in production from 647,000 the year before to 747,831.
As always, Adolph A. Weinman’s Walking Liberty graced the obverse face of the coin, while John Mercanti’s heraldic eagle was featured on the reverse. Weinman’s depiction of Liberty originated in 1916 on the Walking Liberty Half Dollar, while Mercanti’s design was a modernization of the classic heraldic eagle.
If you have questions, don’t hesitate to ask. Silver.com associates are available at 888-989-7223, online using our live chat, and via email. If you are interested in similar products, be sure to check out our entire selection of Silver Bullion Products.