1991 American Silver Eagle Coins

The 1991 American Silver Eagle Coins ended with the bullion version of the strikes increasing dramatically with the proof Eagles showing just as drastic a decline.

1991 American Silver Eagle Coins
Mintage: 7,191,066 Bullion, 511,925 Proof
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A continued slide in the price of silver most likely resulted in the bullion increases. Silver had topped out in 1987 at $7.01 an ounce. The precious metal dropped annually to the point where 1991 averaged only $4.05 an ounce for the year.

Silver did manage to hit a high of $4.57 in June of 1991 but the low of $3.61 an ounce in February was more than enough to skew the annual average to the 5-year low.

1991 Silver Eagle Mintage

Bullion Silver Eagle Mintage

Bullion Silver Eagles for 1991 came in at 7,191,066. This was a jump of 1,350,956 from the previous year, or an increase of 23%. This would be the third year in a row in which bullion Eagle numbers would improve.

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 1991

January
1,800,000
  July
210,000
February
1,235,000
  August
160,000
March
880,000
  September
150,000
April
508,000
  October
260,000
May
210,000
  November
250,000
June
170,000
  December
1,119,000

Proof Silver Eagle Mintage

Silver Eagle mintage declined for the year coming in at 511,925. This was a drop of 183,585 strikes or -26%. While drastic, the lower numbers would be undercut even further in the next several years with 1999 being the first year in which sales of the strikes would top the number sold in 1991.

Issue Information

The 1991 Silver Eagles marked the sixth year for the coins which launched back in 1986.

Release Date

The 1991 Eagles were available for a majority of the year.

Issue Price

The US Mint sold the bullion Eagles only to its network of authorized purchasers which, in turn, sold them to the public for a small premium above the cost of the silver contained within them. The Proof Eagles sold for $23 a piece directly from the Mint.

U.S. Mint Production Facility

Both the bullion and the Proof Silver Eagles were struck at the US Mint’s facility in San Francisco. However, only the proof strike contains the ‘S’ mintmark.

Designer & Sculptor

A "Walking Liberty" design by Adolph A. Weinman is seen on the obverse (heads side) of the coin. It was first used 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

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