Coin Value Contents Table
Are you considering investing in precious metals? Buying and selling American Silver Eagles can be an excellent place to start your investment journey.
American Silver Eagles are some of the most beautiful and renowned bullion coins in the world. These coins also attract a high premium in the coin market, making them an ideal choice for beginners and experienced investors alike.
Although the United States Mint has produced millions of American Silver Eagles over the decades, silver is still one of the safest, most accessible, and most stable precious metals for personal investment. While the dollar’s value has declined significantly over the years, that of silver has remained steady and consistent.
So, instead of saving dollars in your bank account, consider investing in Silver Eagle bullion coins. These precious coins are also a wise option if you are looking to diversify and strengthen your portfolio.
2024 Silver Dollar Value Chart |
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| Mint Mark | Good | Fine | Extremely Fine | Uncirculated |
| 2024 Brilliant Uncirculated Silver Dollar | – | – | – | $1 |
| 2024-W Proof Silver Dollar | – | – | – | $100 |
History of the 2024 Silver Dollar Value
The American Silver Eagle bullion coin originated from legislative debates in the 1970s and 80s on the most strategic option to sell stockpiles of silver.
A section of legislators argued that the production of silver in the United States was much more than the country needed so selling the precious metal would be helpful.
A bill introduced in 1982 by Senator McClure was among the earliest proposals to sell silver from the national stockpile through the production of silver coins. Such a sale, the bill proposed, would alleviate the pressure on silver prices, which had been depressed for a while due to overproduction.
McClure’s original bill was never enacted but in 1985 the Senate agreed to the bill after an amendment. A few days later President Reagan approved the bill, signing it into law in July 1985. The resulting legislation was known as the Liberty Coin Act, which authorized the American Silver Eagle bullion program.
The Act authorized the Mint to use the silver from the Defense National Stockpile. The program’s goal was to deplete the stockpile gradually over the years, and by 2002 the stockpile came close to depletion.
In 2002 Senator Harry Reid introduced a bill titled Support of American Eagle Silver Bullion Program Act to support the program’s continuation in the face of the depleting silver stockpile. The Senate and House passed the bill on June 21 and 27 respectively and it was subsequently signed into law.
After years of legislative back and forth, the San Francisco Mint struck the first American Silver Eagle coin in October 1986.
Features of the 2024 Silver Dollar
The American Silver Eagle dollar is considered one of the most beautiful coins in the world. The obverse and reverse designs have remained more or less consistent from 1986 with a few changes made over the years.
Let’s explore the unique features of the 2024 silver dollar.
The obverse of the 2024 Silver Dollar
The obverse of the 2023 Silver Eagle dollar features the iconic Walking Liberty, originally designed by Adolph A. Weinman. The image was initially used from 1916 to 1947 on the Walking Liberty Half Dollar.
Given the image’s popularity, it was a favorite pick for the American Silver Eagle program. Aside from the elegant Walking Liberty, the obverse also features an image of the sun on the bottom left.
The inscriptions IN GOD WE TRUST appear on the right under which you will notice the initials AW for Adolph Weinman. The inclusion of the initials was part of a design improvement done in 2021.
The word LIBERTY is arched boldly along the coin’s inner rim, occupying three quarters of the rim.
Reverse of the 2024 Silver Dollar
John Mercanti’s reverse design remained on the Silver Eagle dollar from 1986 to 2021. The initial design showed a heraldic eagle with the Union Shield on the forefront.
The bird is holding an olive branch in one of its talons and arrows in the other talon, much like the Great Seal of the United States. The initial design also showed thirteen tiny stars above the eagle’s head, representing the thirteen colonies
The reverse design changed in 2021 to portray Emily Damstra’s landing eagle, which was inspired by the design on the 1971 Eisenhower dollar coin.
In addition to the eagle, the reverse shows the words UNITED STATES OF AMERICA arched on the left side along the coin’s rim.
Also prominent are the inscriptions ONE DOLLAR, 1 OZ FINE SILVER arched on the right side along the rim. The motto E PLURIBUS UNUM and the mint mark also appear on the right side surface close to the bird.
Other Features of the 2024 Silver Dollar
The Silver Eagle dollar is made from 99 percent silver.
It weighs 1 troy oz, which is equivalent to 31.10 grams, and measures 40.60 mm in diameter with a thickness of 2.98mm.
The 2024 silver dollar has a reeded edge.
Generally, these bullion silver dollars do not feature a mint mark. Only proofs, which are produced at the West Point facility spot the mint mark W on the reverse.
2024 Silver Dollar Value Guides
Although Silver Eagle dollars are legal tender, collectors and investors trade these coins on the value of their silver content and mintage.
The U.S. Mint produces three types of American Silver Eagle coins to meet the needs of collectors and investors. The three include:
Brilliant Uncirculated: These silver coins, intended for investors do not have mint marks. As the name suggests, these coins have never been circulated among the public. Brilliant Uncirculated (BU) Silver Eagle dollars spot a frosted satin finish and are the most common and accessible type of American Silver Eagles.
Proof: Made for collectors, American Silver Eagles are minted using a unique process, resulting in extra shiny silver coins. These coins are minted at the West Point facility and bear the mint mark W on the reverse.
Special Occasion Silver Eagles: Some Silver Eagles have been produced for commemorative purposes. Examples include the Philadelphia Set of 1993, the United States Millennium Coinage and Currency Set of 2000, and the American Eagle 25th Anniversary Silver Coin Set of 2011 among others.
Because the Silver Eagles do not have mint marks, comparing their value can be challenging. You would need to know the coin’s history to determine its origin and value.
From 1986 to 2000, Brilliant Uncirculated Silver Eagles were produced at the Philadelphia facility. Between 1999 and 2000, the West Point facility also produced Bullion Uncirculated Eagles. Since 2001 the West Point facility has manufactured Bullion Uncirculated Silver Eagles.
The story is a bit different with Proof Silver Eagles. These coins have always bore a mint mark depending on the location where they were minted.
For example, Silver Eagles minted from 1986 to 1992 were produced in San Francisco and bear a mint mark S. Those struck from 1993 to 2000 have a P mint mark to show their Philly origins.
Starting in 2001, proof Silver Eagles have been minted in West Point and have the W mint mark on the reverse.
So, what is the 2024 silver dollar value?
Unlike the regular circulation coins whose value depends on factors such as the mint mark, the Brilliant Uncirculated Silver Eagles do not have a mint mark so their value is not comparable in this way.
The 2024 Silver Eagle has a denominational face value of one dollar ($1). But, being a bullion coin, the value of a 2024 Silver Eagle dollar is based on the spot price of silver metal.
2024 Brilliant Uncirculated Silver Dollar Value
The silver spot price is the price of the precious metal at a specific time. It is the price at which 1 troy ounce of .999 fine silver can be bought or sold now.
The trading price of precious metals such as silver is in a constant state of flux. The price changes every few seconds during market hours, which are from Sunday to Friday 6 PM EST to 5:15 PM EST. That said, there are short periods during which the spot price remains constant.
Silver is traded all day and all night across world exchange markets including in London, New York, Zurich, Tokyo, Hong Kong, and others. But, COMEX is the main exchange for precious metals, playing a major role in calculating the spot silver prices.
At any given time, the 2024 silver dollar value may be different as it is pegged on the ever-changing silver spot prices. So, to determine how much your Brilliant Uncirculated Silver Eagle is worth at any given time, you should keep an eye on the silver spot prices.
2024 Proof Silver Dollar Value
The U.S. Mint has produced American Eagle Silver Proof coins at the West Point facility since 1986. These proof coins are meant for collectors and are an alternative to the Brilliant Uncirculated silver bullion coins.
The proof coin is struck in 1 troy ounce of 99.99 pure silver and spots frosted devices and shiny surfaces. It also features the W mint mark on the reverse and is shipped in an official presentation box from the U.S. Mint.
The 2024 Silver Eagle Proof coin is graded PF70, the highest grade on the Sheldon Grading Scale, and an indication of gem quality.
The Mint issued the 2024 proof silver dollars on January 16 2024 for $80. Coin distributors however resell these coins at a profit with re-sell prices ranging between $120 and $140.
If you are looking to resell your 2024 proof silver dollar, you could do so at the going market price. Generally, you can expect between $100- $150 for these coins depending on how well they’ve been preserved.
2024 Silver Dollar Grading
When grading Brilliant Uncirculated 2024 silver dollars, keep in mind there can be a significant price difference between a specimen graded MS69 and one graded MS70.
With these coins, there are basically four grades to consider and the first one from the bottom is MS67. Such a coin has obvious contact marks, spots, and a slight decline in the strike. Still the luster remains strong with little if any breaks.
At MS68 the Silver Eagle boasts a strong luster and strike. But, you may notice a few contact marks related to the minting process. Nonetheless, the luster is in excellent shape as is the strike and eye appeal.
A Silver Eagle is graded MS69 if it has impeccable finishing with little to no flaws. If flaws are present, they are minor and imperceptible while the strike is sharp and even throughout.
Lastly, at the top of the grading scale is the MS70 gem-quality Silver Dollar. This coin has no contact marks but boasts an outstanding luster, no contact marks, and a sharp and complete strike. The MS70 is undoubtedly the most sought-after grade among collectors interested in silver bullion coins.
2024 Silver Dollar Errors
Minting errors are common in most coins. These production flaws can increase a coin’s value significantly depending on the type and size of the error.
When it comes to 2024 American Eagle Silver dollars there are no known errors. This coin is intrinsically valuable due to its silver content and its nature as a Brilliant Uncirculated silver dollar. It is minted using the highest quality dies and planchets, minimizing the formation of errors.
FAQS
How much silver is in a 2024 Silver Eagle?
Silver Eagle coins, including those minted in 2024 are made of 1 troy ounce of 99.99% fine silver, making this coin among the largest in American and world coinage. The American Silver Eagle is larger than the American Gold Eagle, which contains less gold than its silver counterpart.
Why are Silver Eagles so expensive?
Silver Eagles are among the priciest coins in the world due to a combination of factors, including low mintage and silver’s intrinsic valuableness. These coins are also produced in smaller quantities therefore boasting a low mintage. Besides their collectible value, Silver Eagles are also government-backed and are recognized everywhere in the world, making them desirable to investors.
Are 2024 Silver Dollars worth it?
The American Silver Eagle can be an excellent investment option if you are looking to invest in something less volatile and more tangible than stocks. Unlike other coins, Silver Eagles are produced to be worth more than their value; they carry their weight in silver, one of the world’s most precious, stable, and sought-after metals.
