The 1987 American Silver Eagle is the second release in the U.S. Mint’s Silver Eagle series, which started in 1986. This .999 fine silver coin has become a favorite among collectors and investors due to its iconic design, historical significance, and silver content. Whether you’re new to coin collecting or a seasoned numismatist, this guide will walk you through the key details, value, and rarity of the 1987 Silver Eagle.
History of the 1987 American Silver Eagle
The American Silver Eagle series began in 1986 as part of the Liberty Coin Act, which aimed to use the U.S. government’s silver reserves to produce bullion coins. The 1987 edition continued the series’ success, maintaining the same design and purity as the inaugural release.
Design Features of the 1987 Silver Eagle
Obverse (Front): Walking Liberty
- Features Adolph A. Weinman’s Walking Liberty design, originally used on the 1916–1947 Half Dollar.
- Lady Liberty strides toward the rising sun, draped in the American flag, symbolizing freedom and hope.
- Inscribed with “LIBERTY,” “IN GOD WE TRUST,” and the year 1987.
Reverse (Back): Heraldic Eagle
- Designed by John Mercanti, featuring a bald eagle with a shield clutching arrows and an olive branch.
- The eagle holds a banner reading “E PLURIBUS UNUM”, with 13 stars above representing the original U.S. colonies.
- Inscribed with “UNITED STATES OF AMERICA,” “1 OZ. FINE SILVER,” and the coin’s $1 face value.
Mintage and Rarity
The 1987 American Silver Eagle had a total mintage of:
- Bullion version: 11,442,335 (no mintmark)
- Proof version: 904,732 (San Francisco Mint, “S” mintmark)
This makes the 1987 Silver Eagle one of the more common issues in the series, but early examples in high grades remain valuable.
Value of the 1987 American Silver Eagle
Bullion Version
- Uncirculated Condition: Typically worth $30–$50, depending on silver prices.
- MS69 (Near-Perfect): Can sell for $60–$100.
- MS70 (Perfect Grade): Rare, often valued at $500+.
Proof Version (San Francisco “S” Mint)
- Uncirculated Condition: Generally worth $100–$200.
- PR69 (Near-Perfect Proof): Can fetch $150–$250.
- PR70 (Perfect Proof): Extremely rare, valued at $1,000+.
Tip: Coins with original U.S. Mint packaging (COA and display case) are often worth more!
How to Identify a Genuine 1987 Silver Eagle
- Weight: Should weigh 31.1 grams (1 Troy oz.).
- Diameter: 40.6 mm (1.6 inches).
- Edge: Reeded (grooved), unlike fake versions with smooth edges.
- Sound Test: A genuine Silver Eagle has a distinct ringing sound when tapped.
Conclusion
The 1987 American Silver Eagle remains a popular choice among collectors and investors due to its stunning design, silver purity, and historical appeal. Whether you’re buying for its bullion value or searching for a rare proof version, this coin is a worthy addition to any collection!