Value
American Silver Eagle bullion coins carry a face value of one dollar. This is their legal value reflecting their issue and monetization as coins. Per 31 U.S.C. § 5112(h), the coins are legal tender for all debts public and private at their face value of one dollar. This face value does not reflect their intrinsic value which is much greater and is dictated by their silver content and the metal's spot price.
Mintages, and thus prices, of bullion, proof, and uncirculated Silver Eagle coins have varied widely, and the potential collector is advised to check a standard reference book before buying them. Generally, the bullion versions have been minted in the millions, while the proof and uncirculated versions were issued in the hundreds of thousands each. Most dates of the bullion issue are not particularly expensive (around $50 as of September 2011) and are traded at a premium above the intrinsic value of the silver they contain; most proof versions (around $85–$90 as of 2011) and uncirculated versions (around $55–$100 as of 2011) sell for more. Some issues sell for significant sums, for example the 1995-W proof ($3,500 as of 2011) and the 2006 20th anniversary set containing a special "Reverse Proof" coin along with a regular proof coin and the new "Burnished Uncirculated" coin (over $300 as of 2011).
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