1992 1 oz American Silver Eagle - Box and COA

1992 1 oz American Silver Eagle - Proof Box and COA

For the first time in four years, the American Silver Eagle experienced a decline in demand for both its bullion and proof versions in 1992. A growing American economy in the early 1990s saw demand for the coins among both investors and numismatists shrink, leading to lower mintage levels at the time and increased rarity of these specimens in the modern era. The 1992 Proof American Silver Eagle coin is now available from IDC Coin and bullion with commemorative box and CoA included.

Coin Highlights:

1. Proof mintage totaled 498,654 in 1992.
2. 7th striking of the American Silver Eagle.
3. Ships in a commemorative box and comes complete with a Certificate of Authenticity.
4. Contains 1 oz of .999 pure silver.
5. Face value of $1 (USD) is fully backed by the US government.

1992 was a year of change for the American Silver Eagle program. Up to this point, all proof coins had been struck at the San Francisco Mint, site of the very first striking of American Silver Eagle coins. This was the last year that proof coins would be struck in San Francisco before production of the proofs shifted to the Philadelphia Mint.

In 1992, American Silver Eagle demand and production slipped for both the bullion and proof versions of the coin. While the bullion coins dropped by 1.6 million, the proof versions saw a less severe dip from 511,000 in 1991 to 498,654 for 1992. This year marked the start of a general downward trend in the production of these coins through the end of the decade.

The obverse face of every American Silver Eagle coin features Walking Liberty. Last used 39 years before the American Silver Eagle was introduced, Walking Liberty was created by Adolph A. Weinman as a depiction of America’s march toward a brighter future, and featured on the Walking Liberty Half Dollar from 1916 to 1947.

On the reverse is the heraldic eagle of the US, which was created by then-US Mint Chief Engraver John Mercanti. The image shows a bald eagle behind the nation’s heraldic shield, clutching arrows in one talon and an olive branch in the other. Common in American shields, the arrows represent a readiness for war while the olive branch signifies a desire for peace.

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