In this article from Whitman Publishing, Josh McMorrow-Hernandez discusses collecting and writing about American Silver Eagles. The book debuts this month.
-Editor
A Guide Book of American Silver Eagles, volume 27 in Whitman Publishing's best-selling
Bowers Series of numismatic references, debuts in December 2022, available from
booksellers and hobby shops nationwide. Here, author Joshua McMorrow-Hernandez
discusses his own introduction to American Silver Eagles, why the coins are so popular, and
writing his newest book.
Joshua McMorrow-Hernandez on Collecting, Investing, and
Writing About American Silver Eagles
MY FIRST AMERICAN SILVER EAGLE
My introduction to American Silver Eagles came about in a most interesting way. My cousin, who also
collected coins at the time, visited from out of town for a short summer vacation during 1993. So, there
we were—along with my sister, herself a collector back then—three kids talking about coins as a shared
interest during much of our cousin's visit. My mom and dad, who encouraged my numismatic pursuits by
purchasing hobby books and magazines, had heard about a fairly large local coin show that was
happening during the week of my cousin's visit. It was to occur over the course of four days, ending on a
Sunday.
My family and I had never been to a coin show before. Sunday was our best day to attend for a couple
hours in the afternoon—and the advertisement in that Sunday's newspaper declared it was running from
10 a.m. to 6 p.m.
LEFT: Josh McMorrow-Hernandez, then 12 years old, holding the 1981 United States Proof set he received
as a birthday gift from his family in May 1993.
RIGHT: Whitman Publishing author Joshua McMorrow-Hernandez outside United States Mint headquarters
in Washington, D.C.
The show was held in the event hall of a ritzy shoreside hotel in Sand Key, Florida. My dad drove us over
and my mom, wanting to make sure we were at the right place, hopped out of the van to scope out the
event. She walked into the hotel lobby and was back out before too long, visibly upset. The show
manager had told her they were already closing up shop—that it was the last day and most of the dealers
were heading home. My mom, armed with the newspaper advertisement, reasoned it was still at least two
hours before the closing time.
She went back inside to talk with one of the club's top brass and see if there was any way they could let
us at least check out the bourse floor, if even for a short bit. She was inside the lobby talking with the
club's leaders for at least five or ten minutes. Soon, she returned to the van holding three silver coins in
plastic flips and announced that the show manager had apologized for the situation. They wanted us to
come in and visit with the few coin dealers who were still there—they'd stick around for us for the next
half an hour or so.
As she announced this news to us kids, she passed out the three coins she had been given. She said they
were called Silver Eagles and that they were brand new—dated for that year, 1993—and that we should
save them. I had never seen such a large, heavy, or shiny silver coin; not even the cull Morgan dollar I
had spent $5.50 to purchase a few months earlier, for my first twentieth-century type set, could compare.
Mom, Dad, and we three kids hopped out of the van and ventured onto the largely deserted bourse floor. I
was after a handful of Lincoln cents for my 1909–1940 Whitman folder. Sis wanted a Peace dollar, and my cousin was looking for foreign coins. We visited two dealers. One gave us back in change a rag-condition 1957 $1 Silver Certificate, which was something I had never seen before. Another gave each of us a free vintage cull nickel. Mine was a corroded 1882 Shield nickel.
Mom introduced us to the officials who gave her the three American Silver Eagles, and we thanked them
for the coins and for keeping the show open for us. They were very kind and encouraged us to stay
interested in the hobby. And that we did, at least through our teen years. I ended up sticking with the
hobby as an active collector the longest, though my cousin's interest in foreign coins later parlayed into a
globe-trekking career in journalism and the visual arts, while Sis still has her coin collection and is herself
an artist.
Some years went by, and I was in college and trying to keep the debt at bay by selling off some of my
belongings, including a swath of my coin collection. Don't sell that silver coin I got for you at that coin
show! my mom jokingly warned. I worked hard for that!
My dear mom passed away in 2009 from cancer, and I thankfully hung onto that American Silver Eagle—
something I now view as a memento of how much she supported my ambitions, including numismatics.
As my foray into the hobby morphed from collecting to writing, editing, and journalism, I have enjoyed
researching American Silver Eagles, which hold a unique place in numismatics given their crossover
appeal to both investors and collectors.
WHY PEOPLE LOVE AMERICAN SILVER EAGLES
The American Silver Eagle isn't just a bullion coin. Even in 1986, when the first ones were struck, the
coin was offered in Proof format and marketed to collectors. Over the years since, the United States Mint
has produced the American Silver Eagle in myriad finishes and collectible variations suitable for
numismatic tastes. But even the bullion issues (which were originally marketed as Uncirculated ) draw
countless hobbyists into building date sets.
These coins are legitimate collectibles on every front, encompassing rarity, value, and numismatic
challenge. The bullion strikes boast several relatively scarce issues, including the key-date 1996 and
several earlier semi-key dates that have lower mintages and conditional rarity in the higher grades. There
are also some significant varieties, with the 2008-W Burnished, Reverse of 2007, a decidedly scarce
entry. The undisputed king of American Silver Eagles is the 1995-W Proof, which has a mintage of just
30,125 pieces. But contending for that spot is the more recent 2019-S, Enhanced Reverse Proof, which
saw an output of merely 29,909.
While the American Silver Eagle series boasts numerous expensive keys, semi-keys, and varieties, the
series remains financially accessible. A handsome set of bullion strikes can be completed for an outlay
fairly close to the prevailing spot price of the coins. Meanwhile, more intrepid collectors can work on a
comprehensive set encompassing the many finishes and varieties. And collectors anywhere within that
spectrum may choose to complete the set with coins in average Uncirculated or Proof grades, or go all-out
on a competitive registry set incorporating certified coins boasting a perfect 70 on the numerical
grading scale.
No matter the depth of your American Silver Eagle collection, sets like these represent an optimal
merging of the bullion and numismatic spheres. The precious-metals investor who wants to dabble in
collectibles can build a decent set of Silver Eagles for prices close to their metal value. Meanwhile, the
hobbyist who wants to speculate in precious metals has a built-in silver portfolio by completing a set of
American Silver Eagles.
Sweetening the deal even further is the outstanding liquidity of a set of American Silver Eagles. Not only
are these popular silver bullion coins in high demand among United States collectors and dealers, but they
also have global appeal and are quite sought after around the world.
Sealing the deal for many collectors is their colorful legacy. The American Silver Eagle incorporates one
of the most beloved designs of all time, Adolph A. Weinman's Liberty Walking motif. This graceful,
patriotic design first appeared on the half dollar in 1916 and continued for the duration of that series until
1947. The Liberty Walking half dollar has become a favorite collectible and enjoys incredible demand
among collectors of all ages.
Weinman's design became a top choice for the nation's first one-ounce silver bullion coin after President
Ronald Reagan signed the Liberty Coin Act into law on July 9, 1985, authorizing production of the
American Silver Eagle. The classic design was paired on the Silver Eagle with sculptor-engraver John
Mercanti's heraldic eagle reverse, which was retired in 2021 to make way for artist Emily S. Damstra's
soaring flying eagle design. Still, the timeless Liberty Walking design continues marching well into the
twenty-first century.
AMERICAN SILVER EAGLES AND YOU
In the Guide Book of American Silver Eagles, I've explored all of these facets—the history, the artistry,
the technology and design work, production, silver procurement, distribution, ways to collect and invest,
and many more, including byways as strange and interesting as counterfeits, error coins, and hoards of
American Silver Eagles.
I interviewed Mint officials, coin designers, dealers, collectors, investment advisors, silver miners, and
others with specialized knowledge, and brought together a treasure trove of historical archives, plus
market information and analysis.
The result is 384 pages covering America's most famous and popular bullion coin series.
My hope is that you enjoy reading the Guide Book as much as I enjoyed researching and writing it. I think
you'll become as interested in these fascinating coins as I've been since I held my first American Silver
Eagle thirty years ago.
# # #
A Guide Book of American Silver Eagles, first edition.
By Joshua McMorrow-Hernandez; foreword by Q. David Bowers.
ISBN 0794849792. Softcover, 6 x 9 inches, 384 pages, full color.
Retail $29.95 U.S.
https://whitman.com/guide-book-of-american-silver-eagles/
To read the earlier E-Sylum articles, see:
NEW BOOK: GUIDE BOOK OF AMERICAN SILVER EAGLES
(https://www.coinbooks.org/v25/esylum_v25n39a03.html)
DENNIS TUCKER: AMERICAN SILVER EAGLES
(https://www.coinbooks.org/v25/esylum_v25n47a08.html)
Wayne Homren, Editor
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