2020 $1 American Silver Eagle (BU) 0.999 pure silver coin – 2020C

The new before use (BU) 2020 American Silver Eagle Coin is now available in Brilliant Uncirculated condition from Delis Silver. Each coin is set to feature the same design as last year and will contain 1 troy ounce of .999 pure silver with a $1 USD face value.

As the official silver bullion coin of the United States, the Silver Eagle has enjoyed a significant degree of popularity among both collectors and investors alike. Soon, the United States Mint will present next year’s 2015 collection of American Silver Eagle Coins.

History of the American Silver Eagle Program
The U.S. Mint attempted to establish selling Silver bullion in the 1970s and early 1980s to help reduce the Defense National Stockpile. The reasoning was that domestic needs exceeded that of strategic needs. Many refiners had actually opposed the plan due to concerns of diminishing the need of in-state mining and possible reduction of Silver spot at the time. Throughout the back-and-forth, the United States did end up selling off large amounts of Silver (roughly 105 million troy ounces) but not as coin, as they had originally intended. When this happened, it did in fact cause the price of Silver to drop immediately. Many traders started unloading futures with the anticipation that price would fall, which it did. Over a span of several years and suspensions, it wasn’t until June 21, 1985, that the Senate finally agreed to an amendment by a voice vote. The amended bill was signed by President Ronald Reagan on July 9, 1985. The bill, know as the “Liberty Coin Act” authorized the law of the American Silver Eagle program with an effective date of October 1, 1985, but came with stipulations that no coins may be struck or sold until September 1, 1986. Finally, after all of this, the first American Silver Eagle was released on November 24, 1986, and has gone on to become one of the most beloved, best-selling coins in the world.

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