1989 American Silver Eagle Coins

The 1989 American Silver Eagle Coins marked the fourth year for the series of coins which debuted in 1986 as part of the Liberty Coin Act.

1989 American Silver Eagle Coins
Mintage: 5,203,327 Bullion, 617,694 Proof
eBay Listings
Authorizing Coin Law
U.S. Mint Online Site

Opposite of the previous year, both the Bullion 1989 American Silver Eagles and the proof 1989-S American Silver Eagles increased their annual mintage from that of 1988. The drastic drop in the average price of the silver contained within the coins may have had some part in the elevated interest.

For the year, the average cost of an ounce of the precious metal came in at $5.51. This was a decline of $1.02 from where it stood in 1988 at $6.53 an ounce. As the price of silver dropped, investors may have been more interested in the coins to add to their portfolio.

1989 Silver Eagle Mintage

Bullion Silver Eagle Mintage

1989-dated Bullion Silver Eagles showed an increase from the previous year of 198,681, coming in at 5,203,327. This was a jump of almost 4%.

Shown below is a month by month breakdown of the number of Bullion Eagles sold during the year. (The numbers may include coins minted in other years.):

Bullion Silver Eagles Sold in 1989

January 416,000   July 150,000
February 700,000   August 365,000
March 1,755,000   September 545,000
April 325,000   October 450,000
May 500,000   November 350,000
June 460,000   December 150,000

Proof Silver Eagle Mintage

The US Mint indicates it sold a total of 617,694 of the 1989-Dated Proof Silver Eagles. This was an increase of 60,324 from 1988, or up 10.8%.

Issue Information

The 1989 Silver Eagles were the fourth annual strikes of the Eagle Program which debuted in 1986.

Release Date

The 1989 Eagles were available for a majority of the year.

Issue Price

Prices on the Proof Silver Eagles remained the same from the previous year – $23 a coin. Bullion Eagles were sold by the Mint’s network of authorized purchasers for a small premium above the spot price of the ounce of silver contained within them.

U.S. Mint Production Facility

The US Mint struck both the bullion and the proof Silver Eagles at its facility in San Francisco. However, only the proof coin contains the ‘S’ mintmark.

Designer & Sculptor

The obverse (heads side) of the Silver Eagles contain a design by Adolph A. Weinman. Known as the "Walking Liberty" design, it was first seen on the 1916-1947 half dollar. The reverse (tails side) shows a heraldic eagle as designed by John Mercanti.

Coin Specifications

Face Value: $1
Finish: Bullion, Proof
Composition: 99.93% Ag, 00.07% Cu
Standard Weight: 31.103 g
Standard Diameter: 40.60 mm
Edge: Reeded

Related Products