American Silver Eagle Value Chart - 1986 Until Now

The American Silver Eagle represents the cream of the crop of the United States Mint products. Since its launch in 1986, it has grown to become the world's most successful silver bullion coin program, so much so that it shares a collector market.

In this article, we will cover a brief history of the American Eagle silver coin program, its appeal as a collectible item, and its iconic design, and we will delineate a value chart based on the current silver spot price.

Thus, we will only cover PR and MS 69 and 70, the real gems for silver bullion coin collecting. Anything below that is too close to the silver spot price or melt value.

Why collect American Silver Eagles?

The American Silver Eagle is the most popular silver bullion coin in the world, followed by the Canadian Silver Maple Leaf.

Many experts will argue that the Eagles constitute the best way to invest in silver bullion within the United States because they usually fetch higher premiums than silver bars and rounds. 

American Silver Eagle Coin

The program started in 1986 under the 1985 Liberty Coin Act to deplete the Defense National Stockpile of silver. The American Gold Eagle and Silver Eagle were such an astounding success through the 1990s that Congress approved the program's extension to include Platinum coins in 1997.

Proof Silver Eagles have been in production since the program's inception in 1986. Still, other varieties and special editions were introduced, including the stunning reverse proof and the Burnished Uncirculated in 2006, usually accompanied by a Certificate of Authenticity for security measures.

The 1 oz Silver American Eagle coin contains 1 oz of pure silver, bears a face value of $1, is issued by the United States Government, and is legal tender within U.S. territories. Like many Western nations, the United States denominates its bullion coins to give them more credibility.

American Silver Eagle Design

American Silver Eagle Obverse

The obverse design is originally from the Walking Liberty Half Dollar coin, which was produced from 1916 to 1947, with Adolph A. Weinman as the designer.

Lady Liberty strides forward beneath a rising sun, the American flag draped over her shoulders, her right arm outstretched as if to lead and protect. In her left hand, she holds laurel branches, symbols of thanks and national achievement. The word “LIBERTY” crowns the top, with the mint year below her feet and the motto “IN GOD WE TRUST” beside her.

American Silver Eagle original Reverse

John Mercanti created the initial reverse design. He depicted a spectacular Heraldic Eagle, with its wings wide open and a striped shield on its chest, the great seal of the United States.

The bird holds a thin banner on its beak with the inscription “E PLURIBUS UNUM.” Above the eagle's head are 13 five-pointed stars, representing the original colonies. Finally, the words “UNITED STATES OF AMERICA” and “1 OZ. FINE SILVER ~ ONE DOLLAR” encircle the design.

The 2021 Type 2 Silver Eagles

In 2020, the US Mint announced it would implement a new 2021 reverse design for the American Gold Eagle and Silver Eagle. However, the new dies were not ready when production for the 2021 coins started, so the original design was kept for half a year and is, therefore, named American Silver Eagles 2021 Type 1.

As the new design was introduced during the year's second half, it became known as the 2021 Type 2 Silver Eagles.

American Silver Eagle Type 2 Obverse

Silver Eagle Bullion Reverse Side Type 2

Even though the design remains pretty much the same, the obverse (heads) design now more faithfully captures Adolph A. Weinman's initial vision, incorporating his customary artist mark A and W below the inscriptions " IN GOD WE TRUST."

American Silver Eagle Type 2 Reverse

Silver Eagle Bullion Reverse Side Type 2

Emily Damstra was the artist responsible for this new design. It shows a bald eagle landing on an oak branch, as the artist opted to portray this national symbol very naturally. However, the inscriptions around the design remained the same, with minor changes in the display.

American Silver Eagle Value Chart from 1986 to 2021

The following chart represents a pricing guide for the Silver Eagles from 1986 to the 2021 Type 2 coin. The values are found in the database of the two most prestigious grading companies in the United States, the PCGS and the NGC

We separated the Value Chart into Bullion coins (MS), Proof coins (PR), including reverse proof coins, and Uncirculated coins (SP), also referred to as Burnished. Remember that these prices may vary slightly according to possible fluctuations in the silver spot price.

American Silver Eagle Bullion Coins

Mint Year

NGC

 MS-69

NGC

 MS-70

PCGS

 MS-69

PCGS

 MS-70

1986

$125

$1,300

$110

$1,000

1987

$75

$1,000

$70

$1,000

1987 (S) Struck at San Francisco First Strike David Hall

-

-

-

$10,000

1988

$75

$1,350

$65

$2,350

1989

$100

$1,425

$62

$1,200

1990

$125

$4,000

$67

$3,850

1991

$90

$3,000

$60

$1,550

1992

$85

$2,300

$62

$1,350

1993

$75

$4,550

$62

$3,400

1994

$125

$12,500

$76

$11,000

1995

$125

$1,350

$76

$1,550

1996

$135

$5,650

$100

$3,750

1997

$70

$1,300

$57

$1,400

1998

$75

$1,000

$62

$1,700

1999

$75

$10,000

$62

$11,500

2000

$85

$4,250

$58

$3,500

2000 Millennium Set

-

$15,000

$85

$11,000

2001

$65

$850

$60

$1,250

2002

$65

$315

$52

$225

2003

$70

$165

$55

$150

2004

$65

$115

$54

$110

2005

$65

$165

$57

$125

2006

$65

$135

$62

$150

2007

$55

$95

$56

$100

2008

$55

$75

$54

$75

2009

$50

$80

$56

$80

2010

$50

$60

$62

$75

2011

$50

$85

-

-

2011 (W) 

$60

$95

$64

$65

2011 (S) 

$55

$110

$63

$70

2011-S 25th Anniversary Set

$95

$375

$160

$260

2011-W 25th Anniversary Set

$65

$85

-

-

2012

$50

$65

$62

$85

2012 (W)

$40

$50

$62

$86

2012 (S)

$40

$50

$70

$75

2013

$55

$70

$62

$72

2013 (W)

$55

$75

$57

$70

2013 (S)

$55

$85

$57

$70

2013-W West Point Eagle Set

$115

$150

-

-

2014

$55

$65

$62

$72

2014 (W)

$55

$65

$50

$60

2014 (S)

$55

$70

$60

$70

2015

$50

$75

$62

$70

2015 (W)

$50

$70

$62

$70

2015 (P) One Of 79,640 Struck

$650

$1,500

-

-

2016

$50

$65

-

-

2016 (W)

$35

$50

-

-

2016 (S)

$35

$50

-

-

2016 (P)

$35

$50

$58

-

2016 (S) 30th Anniversary Struck at San Francisco

-

-

$52

$275

2016 (W) 30th Anniversary Struck at West Point

-

-

$62

$70

2017

$45

$65

$62

$63

2017 (W)

$35

$50

-

-

2017 (S)

$35

$50

-

-

2017 (P)

$35

$50

-

-

2018

$50

$65

$62

$63

2018 (W) Struck at West Point Mint

$35

$50

-

-

2019

$45

$60

$62

$70

2019 (W) Struck at West Point Mint

$35

$50

$57

$75

2020

$70

$100

$58

$60

2020 (P) Emergency Production

$75

$250

-

-

2020 (S) Emergency Production

$60

$90

-

-

2020 (W) Struck at West Point Mint

$50

$65

$66

$75

2021 Heraldic Eagle T-1

$50

$65

$56

$62

2021 (P) 

Heraldic Eagle T-1 Emergency Production

$85

$155

$57

$65

2021 (S) Heraldic Eagle T-1

$60

$90

$55

$70

2021 (W) Heraldic Eagle T-1

$50

$65

-

-

2021 Eagle Landing T-2

$50

$65

$54

$62

2021 (S) Eagle Landing T-2 Emergency Production

$60

$75

-

-

2021 (W) Eagle Landing T-2

$55

$70

-

-

2021-W Eagle Landing T-2

$100

$150

-

-

2022

$50

$65

$52

$65

2022 (W) 

$50

$65

-

-

2022-W 

$75

$100

-

-

2023

$60

$75

-

$65

2023 (W)

$60

$75

-

$85

2023-W

$85

$110

-

-

2024

$60

$75

$50

$60

2024 (W)

$60

$75

-

-

2024-W

$85

$110

-

-

2025

$60

$75

-

-

2025 (W)

-

-

-

-

Data from PCGS and NGC.

Silver Eagle Proof and Reverse Proof Coins

Mint Year

NGC

 PR-69

NGC

 PR-70

PCGS

 PR-69

PCGS

 PR-70

Type 1, Normal, PR 

1986-S

$135

$600

$113

$375

1987-S

$110

$475

$92

$300

1988-S

$110

$450

$85

$300

1989-S

$110

$300

$85

$235

1990-S

$110

$265

$90

$175

1991-S

$110

$450

$85

$300

1992-S

$110

$400

$85

$265

1993-P

$165

$1,100

$85

$800

1994-P

$150

$1,000

$130

$900

1995-P

$115

$435

$85

$350

1995-W

$4,250

$18,500

$3,500

$19,000

1996-P

$110

$450

$100

$375

1997-P

$135

$700

$100

$400

1998-P

$110

$280

$85

$185

1999-P

$110

$365

$80

$250

2000-P

$110

$365

$80

$315

2001-W

$110

$200

$83

$160

2002-W

$110

$185

$85

$140

2003-W

$100

$150

$85

$115

2004-W

$100

$150

$85

$120

2005-W

$100

$150

$86

$110

2006-W

$100

$150

$85

$100

2006-W $1 20th Anniversary

$105

$160

$65

$110

2006-P 20th Anniversary Set

$125

$350

-

-

2007-W 

$100

$150

$86

$115

2008-W

$100

$150

$84

$110

2010-W

$100

$150

$83

$90

2011-W 

$100

$150

$75

$110

2011-W 25th Anniversary Set

$105

$160

$86

$100

2011-P 25th Anniversary Set 

$300

$525

-

-

2012-S 75th Anniversary SF Mint Set

$110

$150

$81

$115

2012-W 

$100

$150

$86

$110

2012-W Limited Edition PR Set

-

-

$160

$650

2012-S Silver Eagle Set PFUC

$105

$160

-

-

2012-S Set RP

$135

$250

-

-

2013-W 

$100

$150

$81

$90

2013-W Limited Edition PR Set

$130

$200

$86

$500

2014-W 

$100

$150

$81

$110

2015-W 

$100

$150

$81

$110

2016-W 30th Anniversary Lettered Edge

$110

$160

$85

$110

2017-S

$100

$150

$87

$120

2017-W 

$100

$150

-

-

2018-S 

$100

$150

$81

$100

2018-W 

$100

$150

$81

$100

2019-S

$100

$150

$83

$90

2019-S ER

$1,600

$2,500

x

x

2019-W 

$100

$150

$77

$110

2019- W ER

$115

$165

-

x

2020-S

$100

$150

$80

$100

2020-W

$100

$150

$82

$100

2020-W - v75 Privy

$500

$1,100

$350

$550

2021-W - Type 1

$115

$175

$75

$90

2021 W Heraldic Eagle T-1 Congratulations Set

$115

$175

-

-

2021 W Heraldic Eagle T-1 RP

$150

$250

-

-

2022-S 

$100

$150

$78

$100

2022-W

$100

$150

$65

$90

2022 S Eagle Limited Edition Set

$200

$300

$78

$100

2023-W 

$100

$150

$85

$100

2023 W Congratulations Set

$125

$175

-

-

2023-S

$100

$150

-

-

2023-S Limited Edition Set

$150

$250

-

-

2024-W

$100

$150

$110

$120

2024-W Congratulations Set

$125

$175

-

-

2024-S

$100

$150

-

-

2024-S Limited Edition Set

$150

$250

-

-

2025-W

$100

$150

-

$125

2025-W Congratulations Set

-

-

-

-

Type 2, Reverse Proof, PR

2006-P 20th Anniv. Rev Pr

-

-

$100

$325

2011-P Reverse PR

-

-

$215

$400

2011-P Rev PR 25th Anniversary Set

-

-

$240

$400

2012-S Rev PR 75th Anniversary SF Mint Set

-

-

$100

$190

2013-W Rev PR

-

-

$80

$160

2013-W Reverse Proof West Point Mint Set

-

-

$90

$140

2019-W Enhanced Rev PR

-

-

$135

$185

2019-S Enhanced Rev PR

-

-

$1,175

$2,450

2021-S Rev PR - Type 2 Designer Edition

-

-

$105

$215

2021-S Silver Eagle - Type 2

$100

$150

-

-

2021-S Eagle Landing T-2 RP

$150

$250

-

-

2021-S Eagle Landing T-2 2022 DC Mint HQ Reopening RP

-

-

-

-

2021-W Eagle Landing - Type 2

$100

$150

-

-

Data from PCGS and NGC.

American Silver Eagle Burnished Uncirculated Coins

Mint Year

NGC

SP-69

NGC 

SP-70

PCGS 

SP-69

PCGS 

SP-70

2006-W 20th Anniv.

$200

$350

$62

$225

2006-W

$70

$175

$62

$135

2007-W

$65

$100

$62

$90-

2008-W Burnished Silver Eagle

$65

$90

$62

$100

2008-W Burnished Silver Eagle Reverse of 2007

$525

$1,150

$490

$1,200

2011-W Burnished Silver Eagle

$55

$80

$62

$75

2011-W Silver Eagle 25th Anniversary Set 1 Coin

$65

$85

$45

$90

2012-W Burnished Silver Eagle

$60

$85

$55

$90

2012-W Silver Eagle Uncirculated Set Coin

-

-

$100

$125

2013-W Burnished Silver Eagle

$90

$140

$55

$90

2013-W Burnished Silver Eagle UNC Set

-

-

$60

$90

2013-W Enhanced Silver Eagle West Point Mint Set

$115

$150

$65

$90

2014-W Burnished Silver Eagle

$60

$90

$62

$82

2015-W Burnished Silver Eagle

$60

$90

$50

$78

2015-W Burnished Silver Eagle UNC Set

-

-

$60

$115

2015-W Burnished Silver Eagle UNC Set First Strike

-

-

$75

$125

2016-W Burnished Silver Eagle Lettered Edge

$60

$110

$70

$85

2017-W Burnished Silver Eagle

$60

$100

$54

$80

2018-W Burnished Silver Eagle

$65

$100

$50

$65

2019-W Burnished Silver Eagle

$70

$100

$50

$78

2020-W Burnished Silver Eagle

$80

$150

$56

$90

2022-W Burnished Silver Eagle

-

-

$58

$70

2023-W Burnished Silver Eagle

-

-

$58

$80

2024-W Burnished Silver Eagle Advanced Release

-

-

$70

$260

2024-W Burnished Silver Eagle First Day of Issue

-

-

$62

$120

2021-W Burnished Silver Eagle Type 2

-

-

$57

$90

Data from PCGS and NGC.

Note: Remember that when the US Mint branch where the mintage occurred is indicated after a hyphen, such as in 2025-S, it bears that mint mark. Whereas, when indicated within parentheses, as in 2025(W), it means the coin was struck at that facility but doesn't contain any mint mark.

S = San Francisco Mint / W = West Point Mint / P = Philadelphia Mint

Investing in Silver Eagles

Despite their collectible appeal or quality, the price of American Silver Eagle coins has always followed the value of silver. For example, when the coin was first produced, it was worth around $7, reflecting the silver spot price in 1985.

The last time a Silver Eagle saw a significant jump in value was in 2011, when silver reached nearly $50 per ounce and the coin traded for way over $40. Today, with the growing popularity of bullion products, the value of American Silver Eagles has been steadily increasing, and the trend is expected to continue, as the physical ownership of assets such as gold and silver provides a sense of safety.

Purchase American Silver Eagles from SD Bullion

At SD Bullion, you will find a variety of American Silver Eagle coins, bullion, proof, and uncirculated, enough to satisfy your investment needs or numismatic enthusiasm. Check out the one available in our inventory and enjoy the lowest premiums over the spot price of silver. 

Doubts? We are ready to help you with the web chat feature on this site, which you can access at the bottom right of your screen.

FAQs

How much are silver eagles worth?

The value of an American Silver Eagle is closely tied to the spot price of silver, which can fluctuate significantly. As of April 2025, silver is trading around $33 per ounce. Considering the typical dealer premium, a Silver Eagle is generally worth at least $38.

Why are silver eagles so expensive?

Several reasons contribute to the high price of Silver Eagles. They contain 1 oz of .999 fine silver (or 99.9%), guaranteed by the U.S. Mint, and are known for their beauty, iconic American symbols, and high quality. As the official U.S. bullion coin, they enjoy strong demand in the U.S. and globally. In addition to their silver content, their limited mintage and collectible appeal add numismatic value, making them more expensive than the spot price of silver alone.

How much over-spot should I pay for silver eagles?

The price of Silver Eagles depends on various factors such as numismatic value and rarity. The authorized purchasers usually pay the United States Mint around 2 or 3 dollars above the silver spot price, so you should always expect to pay a few dollars above the spot price of silver, which fluctuates around $33 as of April 2025, while a Silver Eagle price is at around $38.

How much can I sell my silver eagles for?

According to the professional grading service PCGS, buyers expect to buy a 2025 American Silver Eagle in mint state for more or less $36. The amount you can sell a Silver Eagle depends on its actual silver content, the current spot price, and any added premium based on condition, rarity, or demand. Sellers will most likely receive an amount close to the spot price plus a small premium.

FAQs

How much are silver eagles worth?

Just like any other precious metal coin, the American silver eagle's value is directly related to its metal content spot price. However, as of October 2023, according to PCGS, a 2023-W, $1 Silver Eagle in grade 69 or 70 can be worth up to $85 and $100, respectively.

Why are silver eagles so expensive?

The Silver Eagle's high price is a result of its purity, rarity, and numismatic value. So, the coin has one ounce of 99.93% silver and 0.07% copper; as an example of rarity, the 1995-W Proof had only 30,125 pieces, making it the rarest and most expensive in the series. On top of that, they are known for their top quality, global recognition, and full backing by the United States Mint.

How much over-spot should I pay for silver eagles?

The price of Silver Eagles depends on numismatic and rarity as well, and the authorized purchasers usually pay the U.S. Mint around 2 or 3 dollars above the silver spot price, so you should always expect to pay a few dollars above the spot price of silver, which fluctuates around $23 as in October 2023.

How much can I sell my silver eagles for?

Sellers expect to receive a price that covers both the spot price and the premium. So, as an example, as of October 2023, according to PCGS, a 2023-W, $1 Silver Eagle in grade 69 or 70 can be purchased for $85 and $100, respectively.

← Previous Next →
James Anderson
James Anderson
Senior Market Analyst & Content

A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. You can pick up Jame's most recent, comprehensive 200+ Page book here at SD Bullion.

Given that repressed commodity values are now near 100-year low level valuations versus large US stocks, James remains convinced investors and savers should buy and maintain a prudent physical bullion position now, before more unfunded promises debase away in the coming decades.