2024 Silver Eagle Coin: What Is New and Why It Matters

The dream of collectors has been found. Some coins may be intricate, historically valuable, sophisticated in terms of their designs, or simply fine. The American silver eagle coins, however, are a bit more complex, combining all these qualities and even more.

Since their introduction in 1986, these instances have become a symbol of American pride. But why do people cherish this iteration of dollars and identify coins as rare and valuable? What is new about the coins released in 2024? Let us learn more about this sample and understand which coins can be considered the most extraordinary of the series.

Quickly about the History of the American Silver Eagle Coin

The US Mint initially introduced this series in 1986, and it has since become the official silver bullion coin of the United States. As such, it was produced in response to an increasing need and desire for precious metal investments and was intended to give a reliable and legal-tender silver coin for collectors and investors, too. 

As for its appearance, the coin has a magnificent obverse design of Adolph A. Weinman's "Walking Liberty", i.e., an iconic image previously featured on the half-dollar coin. The reverse depicts a heraldic eagle, designed by John Mercanti, or the eagle in flight carrying an oak branch (since 2021).

Since its release, the Silver Eagle has been struck annually in different formats, including bullion, proof, and uncirculated versions. Although its original purpose was to supply investors with a silver-backed product, the coin immediately became popular among collectors due to its stunning design and historical value. 

What Does the 2024 Silver Eagle Coin Look Like?

Designs released in recent years can be called iconic, too. The appearance of the 2024 issue is a well-balanced combination of classic and modern elements. On the obverse, one may see Adolph A. Weinman’s Walking Liberty, first introduced in 1916. Here is Lady Liberty, draped in the American flag, striding toward the sun with the oak and laurel branches in her left hand.

As for the reverse, it demonstrates Emily Damstra’s eagle landing design, introduced not long ago, in 2021. It is a brand-new depiction of a bald eagle descending with its wings spread wide and an oak branch in its talons. 

*The иullion version is intended for investors, and it means a brilliant finish, no mint mark, and mass production. Proof coins, made for collectors on their part, bear a mirror-like background, frosted details, a “W” mint mark, and come with a certificate of authenticity. Finally, burnished coins also bear the “W” mint mark but they have a satin-like matte finish, created with burnished blanks.

The Main Factors Affecting Value

First of all, it is vital to understand which factors may affect the value of a coin and define the market potential of each piece. This is what collectors should always pay attention to: 

1. Mintage Numbers

Mintage numbers indicate how many coins were issued during a certain year, and lower mintages often mean better value. However, it should not be considered the standard. As for the 2024 issue, the mintage figures are to be determined (according to official resources like the United States Mint website and GovMint).

By the way, the 1995 W Proof Silver Eagle is considered the rarest find, since only 30,125 pieces were produced, which is much fewer than in most other years. 

2. Grade

The condition or grade attributed by a reputable coin-grading agency like PCGS always affects its worth. Coins that are well-preserved, with no scratches or evidence of wear, are often graded higher. MS70 (the highest possible grade) can be valued significantly more than the same coin marked MS69 (e.g., $21,850 vs. a few thousand).

3. Errors

Errors in the minting process are no surprise. However, they can have a substantial impact on the silver eagle coin value. A well-known example of a notable error in the series is the 2008 "Reverse of 2007", which bears a unique reverse design intended for the 2007 series but accidentally struck in 2008. The errors in the 2024 issue will be analyzed a few years later

So as to understand the purpose and true value of this instance, let us take a look at the most prominent representatives of the series. We bet you will like it!

Top 5 Most Valuable Silver Eagle Coins

This series is a unique and interesting space for coin exploration, for one may find anything from the most expensive relics of the past to affordable but still gorgeous pieces. Here are the top five most valued editions that represent the series' renaissance.

1995-W $1 Silver Eagle PCGS Proof-70 DCAM (Struck at West Point Mint Label)

Average price: $80,000+

The 1995-W Proof Silver Eagle, particularly when graded Proof-70 DCAM (the latter is the designation referring to the quality of the surface), is one of the most desirable coins in the series. The mintage figure is low, with only 30,125 coins minted. 

2000 $1 Silver Eagle PCGS MS-70

Average price: $30,000+

The 2000 Silver Eagle, certified PCGS MS-70, is extremely valuable to enthusiasts seeking pristine, mint-condition copies. Though its mintage of 10 million pieces is quite high when compared to other key dates, its perfect grade distinguishes it as a superb piece either way. Pristine, flawless copies - what else should we want? 

1994 $1 Silver Eagle PCGS MS-70

Average price: $4,000+

The 1994 Silver Eagle is another decent collectible in excellent condition. It is more uncommon than many of its counterparts. However, when rated MS-70, this coin becomes a highly desirable asset among investors and collectors alike.

2003 $1 Silver Eagle PCGS MS-66

Average price: $2,000+

The 2003 Silver Eagle may not be as rare as other coins mentioned in our list, but it is valuable if found in excellent condition. The PCGS MS-66 grading denotes a well-preserved specimen of the coin, and though it is not perfect or even pristine, it appeals to collectors looking for high-quality Silver Eagles at a relatively reasonable price.

1986-S $1 Silver Eagle First Year of Issue

Average price: $1,000+

The 1986-S Silver Eagle holds a special place in the series, for it was the first year that the coins of the series were ever issued. Despite the relatively high mintage of 5 million, this piece is still popular among collectors due to its important place on the timeline. The beginning is always a great thing to cherish and pay tribute to. 

A Tool For the Curious 

Should you wish to explore coins of the Silver Eagle series, we wholeheartedly recommend the Coin ID Scanner app. It is the fine software designed for coin collectors which may offer quick and accurate identification via your smartphone. All you need is the desire to get involved in the numismatic community, time, and a phone with a camera. 

The main features that Coin ID Scanner may boast: 

• Instant Coin Identification: Scan to learn about the coin specifications, its origin, possible errors, and more.

• Value Tracking: Provides approximate current market values based on rarity and condition.

• Educational Resources: Ideal for beginners, who are free to study educational materials, checklists, and professional blog articles.

• User-Friendly Interface: Easy to navigate for all levels of proficiency.

Do not delay exploring your coins. When else will you have the chance to deepen your numismatic knowledge so easily?

Sources: 

1. https://en.wikipedia.org/wiki/American_Silver_Eagle 

2. https://www.pcgs.com/coinfacts/category/bullion-coins/silver-eagles/939