1998 American Silver Eagle Coins

The 1998 American Silver Eagle Coins showed increases in both their proof and bullion mintages – a trend that would run for another four years.

1998 American Silver Eagle Coins
Mintage: 4,847,549 Bullion, 450,000 Proof
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Affecting the bullion numbers may have been some volatility shown in the silver markets. For the year, the precious metal totaled $5.55 an ounce, a jump of $.65 from the previous year.

Collectors will note that the 1998 bullion Eagles were the last year in which the strikes were produced at the US Mint’s facility in San Francisco. Moving forth, the Eagles would be produced at either the Mint’s Philadelphia or West Point facilities.

1998 Silver Eagle Mintage

Bullion Silver Eagle Mintage

1998 Bullion Eagles showed a large increase from the previous year and came in at 4,847,549. This was an improvement of 552,545 or up 12.9%.

Shown below are the total number of bullion Eagles sold by the Mint in each month. (Numbers may include coins minted in other years.):

Bullion Silver Eagles Sold in 1998

January
460,000
  July
140,000
February
100,000
  August
585,000
March
145,000
  September
450,000
April
75,000
  October
920,000
May
410,000
  November
635,000
June
150,000
  December
250,000

Proof Silver Eagle Mintage

Proof Silver Eagles also showed an increase for the year with a total of 450,000 sold. This was an improvement of 14,632 coins or up 3.4%.

Issue Information

1998 Silver Eagles were the thirteenth year in which the strikes were available from the US Mint.

Release Date

1998 Eagles were available in either bullion or proof quality during a majority of the year.

Issue Price

Proof Silver Eagles sold for $24 a piece directly from the US Mint. This was an increase of $1 over what the coins sold for in the several previous years. Bullion Eagles were sold by the Mint’s network of authorized purchasers for a small premium above the current spot price of the silver contained within them.

U.S. Mint Production Facility

Bullion Eagles were struck at the US Mint’s facility in San Francisco (the last year in which they would be minted there) and contained no mintmark. Proof Eagles were struck at the US Mint’s facility in Philadelphia and showed a ‘P’ mintmark.

Designer & Sculptor

"Walking Liberty" is featured on the obverse (heads side) of the Silver Eagle. It was designed by Adolph A Weinman and was first seen on the 1916-1947 half dollar. The reverse shows John Mercanti’s heraldic eagle.

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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