2020 Silver Dollar
First-day sales Oct. 13 for the Proof 2020-S American Eagle silver dollar resulted in 84.8% of the maximum 200,000 coins available being recorded as sold. The 2020 Silver Eagle 1 oz silver coin is back for 2020 amid growing investor interest in the silver market. With one troy ounce of pure silver and a legal tender face value of $1, each of these 2020 American Eagle silver coins is 99.9% pure silver (.999 fine silver). The diameter of the Silver Eagle is 40.6mm. 2020 American Silver Eagle GEM Brilliant Uncirculated 2020 Silver Eagle - BACK IN STOCK! These gorgeous silver eagle coins are minted at West Point and contain one ounce of 0.999 pure silver. These are legal tender silver dollar coins authorized by the United States government. 2020 $1 Silver American Eagle MS69 NGC Description: History of the coin: First released in 1986 the Silver American Eagle coin quickly gained in popularity and is often considered one of the most beautiful U.S. The design of the Morgan Silver dollar served as the inspiration for the Peace Dollar. Its origins can be traced to the largest silver strike in history, the Comstock Lode. As a result of a glut of silver due to this massive silver strike, by 1877 pressure for government intervention to stabalize the price of silver eached a fever pitch.
You may have seen the latest craze for this 'ULTRA RARE' 2020 Emergency Production Silver Eagle minted in Philadelphia. DON'T FALL FOR THIS SCAM! Supposedly, the US Mint recently produced 240,000 bullion silver eagles dated 2020 at the Philadelphia Mint since the normal production facility at West Point was closed for a couple weeks due to COVID-19 concerns. However, the Philadelphia and West Point bullion silver eagles use the exact same dies and minting process and the coins themselves do not even carry any mintmark. The only difference is a sticker placed on the green monster box to show where the coins were minted. The US Mint even issued a press release about this (see below).
However, the coins themselves are 'homogeneous' with no mint mark
2020 Silver Dollar Ebay
. The coins from West Point and Philadelphia are therefore 'identical and indistinguishable from one another'. This did not deter the major grading companies (PCGS, NGC, and others) from taking advantage of consumers with the false claim of an 'ultra-rare' silver eagle issue. This is simply not the case and if you ever remove the coins from the holders, they would be indistinguishable from West Point minted coins. The grading companies get away with this scam by placing a small (P) on the label in parenthesis which shows that the coins were minted in Philadelphia even though the coins carry no mintmark whatsoever.2020 Silver Dollar Uncirculated
For this reason, we do not recommend these coins at all. However, if you have $79 (MS69) to $249 (MS70) burning a hole in your pocket, go for it! The coins can be easily found on eBay but not from Silver Eagle Coin Company!
