June 19, 2009, Newsletter Issue #174: The Silver Proof vs.The Silver Bullion American Eagle

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Trying to distinguish the difference between the silver proof and the silver bullion version of the American Eagle? There are a number of differences in the two coins which affect its appearance, value, and purpose. To decipher all differences, read this quick guide.
The Silver Bullion American Eagle is a bullion coin, authorized by Congress. The primary purpose of this coin is for investors to add a physical amount of silver to their portfolios.Silver Bullion coins are not available to the general public through the U.S. Mint. Instead, the U.S. Mint authorizes a select number of dealers to purchase the Silver Bullion coins.The Silver Proof American Eagle is also a bullion coin, but it is intended for collectors to hold onto rather than as an investment piece.You can only obtain the Silver Proof version in a one ounce version, while the Silver Bullion version comes available as a one ounce, half ounce, quarter ounce, and one-tenth ounce piece.The Silver Proof goes through a minting process which gives it a full strike appearance and brillance.

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