Design Features: The 1998 American Silver Eagle features the classic design by Adolph A. Weinman, showcasing Lady Liberty in a flowing gown on the obverse and a heraldic eagle on the reverse, designed by John Mercanti.
Silver Composition: The coin contains 1 troy ounce (31.1035 grams) of .999 fine silver, which gives it intrinsic value based on the current silver market, in addition to its numismatic value.
Mintmark Significance: The 1998 American Silver Eagle was minted at the U.S. Mint’s West Point facility, which does not use a mintmark on regular issues.
Mintage Numbers: In 1998, approximately 4.5 million American Silver Eagles were minted, making it a relatively common coin. However, its value has appreciated over time, driven by silver content and collector interest.
Grading and Condition: The value of the 1998 Silver Eagle depends heavily on its condition.
Popular Among Collectors: The American Silver Eagle series is one of the most popular and widely collected coin series in the world due to its iconic design, precious metal content, and government backing.
Packaging: The 1998 American Silver Eagle, especially in proof condition, was sold by the U.S. Mint in a protective case or velvet box, making it an attractive addition to any collection. The original packaging can increase the value of the coin.
Investment Potential: Beyond its collectible appeal, the American Silver Eagle is often seen as a good investment in silver, as it is backed by the U.S. government and is easily tradable in the precious metal market.