The most notable thing about uncirculated Silver Eagles in 2004 is that in this year, the price of silver rose to the highest it had been since 1987, while since that date until the time of this writing, it is still the lowest price of all. Silver went to $6.67 in 2004, and just two years later would see the price jump to over the $10 mark - and stay there. Even during 2004, silver peaked briefly at $8.00 an ounce.
Uncirculated Silver Eagles also outdid the previous year, at 8,882,754 minted and distributed. This beat out 2003 numbers by about 400,000. Precious metals overall saw steady gains in value throughout the remainder of the 2000s. Part of this was due to a shaky war-time economy and a banking and real estate market even then beginning to wobble at the edges, but moreover because of silver's use in industry.
Collectors will find MS70 specimens have become tough to locate in quality condition. But due to improvements in minting technology, as well as a shift towards modern issue collecting, top grade certified examples are easier to collect than prior years.
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