In the first full year of minting the US Silver Eagle, 11,442,335 bullion coins were minted and sold to collectors and speculators. This record high mintage of bullion Silver Eagles would stand until 2008. Demand for the bullion coins soared as word spread through the investor community.
In light of history, the mid-1980s were a time of general economic upturn, so many hobbyists had the extra money to invest in coins. But the late-1980s brought a rocky ride for the stock market, especially on "Black Monday," October 19th, when Wall Street took a sharp plunge. The riskier prospects of Wall Street investments drove many speculators to silver, which saw a sharp rise in price. The combination of these effects, plus enthusiasm for the new coins, likely contributed to this high demand.
Perfect MS70 grades of 1987 Silver Eagles are particularly tough to sort out from the crop. Even though a high number of the coins were produced, it was still the first full year of mintage and many coins were taken up by hobbyist collectors.
Shipping & Returns Policy
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CoinsTV Return Merchandise Authorization (RMA) Policy
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