For the third consecutive year, the Silver American Eagle experienced growth in mintage numbers. The American economy was slowing down, the dot-com bubble was about to burst, and fears over Y2K were further rattling investors. The result was a long-term boom in mintage for the Silver American Eagle. Right now, the 1999-P Proof Silver American Eagle coin is available in perfect condition on Silver.com.
- Only 938 coins have this finish and certification!
- 14th annual release of the Silver American Eagle proof 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.
- Features an Ultra-cameo finish.
- Includes a “P” mint mark from the Philadelphia Mint.
- Walking Liberty on the obverse.
- Heraldic eagle on the reverse.
In 1999, the Silver American Eagle coin experienced its third year of growth. Y2K fears and a slowing American economy were largely to blame for this boost in production and demand. Bullion production in 1999 rose to 7.5 million coins, reaching the highest levels the series had seen since 1987 when 11.4 million bullion coins were struck.
As for the 1999-P Proof Silver American Eagle coin, the United States Mint boosted the maximum mintage for the year to 550,000 coins from 500,000. This marked the highest alloted maximum in program history to date, and the US Mint officially sold out all proof coins, though later adjustments saw that figure lowered slightly.
Each 1999 Proof Silver American Eagle in this product listing is available as a perfect specimen. These coins have a PF70 grade from the NGC, indicating the presence of full, original luster and no detracting flaws on the surfaces of the coin.
UCAM is a designation for proof coins that have a strong, frosted matte finish and a deeply-mirrored, clear background field. This stark contrast between the finishes is referred to as Ultra-cameo.
On the obverse of each coin you’ll find the image of Walking Liberty from Adolph A. Weinman. The reverse features the heraldic eagle of the US, refined for these coins by John Mercanti.
The rising economic troubles did not impact silver prices much in 1999. The average per-ounce price was $5.22, with prices ranging from a low of $4.90 to a high of $5.70 throughout the year.
Please contact Silver.com at 888-989-7223 with any questions. You can also connect with us live online using our web chat or email address. Make sure to look over our entire collection of NGC Certified Proof Silver Eagles for other years and grades.