The Proof Silver American Eagle is the collector’s version of the nation’s official silver coin. Introduced in 1986 alongside the investment-grade bullion coin, the proof coin features sharper design sets and a brilliant finish that is preferred by collectors. Today the 1997-P Proof Silver American Eagle is available on Silver.com with a commemorative box and CoA.
- Proof mintage in 1997 totaled 435,368 coins!
- 12th annual striking of the Proof Silver American Eagle!
- Ships to you in a commemorative box complete with 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 “P” mint mark of the Philadelphia Mint.
A quiet buzz engulfed the economic climate in the United States in 1997: Y2K. The fear that the nation’s economic, banking, and computing systems would not cope with the transition to 2000 on digital platforms led to a second surge in the popularity of precious metals during the modern era.
After bottoming out at 4.1 million total coins in 1996, and a Proof Silver American Eagle record-low of 372,000 coins in 1994, the Silver American Eagle series would begin a steady upward climb in 1997 on the strength of Y2K fears that drove silver prices higher.
The impact of this fear wasn’t immediately felt in 1997, with modest gains in bullion production from 3.6 million coins to 4.29 million and a drop in proof strikings by almost 70,000 coins. However, overall mintage was up from 1996 and would continue on an upward trajectory for the next 5 years in a row.
Adolph A. Weinman’s Walking Liberty design was chosen by the United States Mint in 1986 as the official symbol of the Silver American Eagle coin. Designed in 1916 at the height of America’s Golden Age of coin design, it appeared on the nation’s half-dollar coin from 1916 to 1947.
The reverse face features a design from former-Chief Engraver of the United States Mint, John Mercanti. His design featured the American bald eagle behind the nation’s heraldic shield, clutching arrows in one talon and an olive branch in the other.
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