UP FOR AUCTION IS THIS 1987 AMERICAN EAGLE US SILVER DOLLAR COIN.THIS IS A 99.9% SILVER UNCIRCULATED COIN. THE DATE AND MINT MARK IS READABLE. THIS SILVER DOLLAR IS FROM MY PRIVATE COLLECTION AND IS UNGRADED. IT WILL COME TO YOU IN A PLASTIC CASE. THIS IS A VERY RARE YEAR. COIN HAS A MINTAGE OF 11,442,335. COIN HAS SOME VERY MINOR DISCOLORATIONS AROUND THE EDGES. PLEASE VIEW PHOTOS CAREFULLY AND YOU BE THE JUDGE OF ITS CONDITION. SILVER EAGLE HISTORY:
Some time before 1986 the US Government decided that most of their strategic stockpiles of metal, including silver, were no longer needed. Rather than sell the millions of ounces stockpiled in bullion form, it was decided to mint and sell one ounce silver coins which would be a profitable and practical way to get rid of the stockpile. It was decided to mint coins with a nominal value of one dollar, which made them legal tender and exempt from the state sales tax that was charged in certain states. The coins would be a composition of 99.93% silver and .07 copper, weigh 31.101 grams of pure silver, which is almost exactly one troy ounce. The Silver Eagle has become the most popular bullion coin in the world because of its beauty, quality and the assurance of content by the U.S. Government. They are 1 troy ounce each, 99.9% pure and are legal tender.
THE COIN... read more