2000 1 oz Silver Eagle NGC MS69

The American Silver Eagle bullion coin program was begun in 1986 to compete with other worldwide programs offering bullion coins to worldwide collectors and investors.  

Before the United States entered that arena, it was dominated by South Africa, Canada, and China. So, America’s entry offered another alternative to investors. For US investors, the Taxpayers Relief Act permitted inclusion of certain precious metals in Individual Retirement Accounts. There were distinct tax advantages in owning US-minted American Eagle gold and silver bullion coins. Some, but not all world bullion coins are IRA-acceptable. 

Beyond the tax advantages, there was the fact that American Silver Eagles were made from US-mined silver and were made of .999 Fine Silver, and each weighed One Troy Ounce. That made the coins also very easy to value and to trade. 

The obverse of the Silver Eagle utilized the well-known Walking Liberty design that became popular in 1916 when it first appeared on the Walking Liberty half dollar series of coins. They were struck from 1916 through 1947. 

The reverse of the coin was a relatively new design by then-Chief Engraver John Mercanti. He completely revamped an old silver dollar reverse that was first used on 1798 to 1804 Draped Buse Silver Dollars. It depicts an eagle with outstretched wings, a shield covering its body, 13 stars above it and legends on the peripheries.  

This coin is a 2000 American Silver Eagle bullion coin that has been graded as MS69 by the Numismatic Guaranty Corporation (NGC). NGC is well respected as a coin grading company. The MS69 grade indicates that the coin is one point shy of perfection.  

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