Since the previous year's bullion Silver Eagle numbers were the record lowest mintage ever, it should come as no surprise that the 1997 numbers show a pick up in interest. In total, 4,295,004 bullion coins were minted and distributed. While this is a huge increase over the previous year, it is still one of the lower mintages of the series so far.
The price of silver in 1997 stuck stubbornly to its flat trend at $4.90 per ounce. Viewed in historic context, this makes sense; the stock market was going through the roof in the late 1990s, even so far as setting a new all-time record on October 28th, 1997, of one billion shares traded on the floor of the New York Stock Exchange. The home computer and Internet boom was creating the now-famous "Dot Com Bubble" in the economy, and Silicon Valley was making its own overnight millionaires out of twenty-something garage start-up entrepreneurs. How could precious metals compete with all that?
MS70 specimens of 1997 bullion Silver Eagles are rare, but obtainable.
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