American Silver Eagle Coins Florida History and Investment
Florida is a popular destination for coin collectors and investors. With its warm climate and vibrant economy, the state is home to numerous coin shops, flea markets, and other outlets where buyers can find a wide variety of coins, including American Silver Eagles.
American Silver Eagle History
The American Silver Eagle is the official silver bullion coin of the United States. It was first released in 1986 by the United States Mint. The coin is struck in one-troy ounce size and contains 99.9% pure silver.
The obverse of the American Silver Eagle features a design by Adolph Weinman, which depicts Lady Liberty in profile, wearing a diadem and holding a torch and olive branch in her hands. The reverse of the coin features a design by John Mercanti, which depicts a heraldic eagle clutching an olive branch in its talons.
Key Dates in American Silver Eagle History
Here are some key dates in American Silver Eagle history:
- 1986: The American Silver Eagle is first released.
- 1993: The United States Mint begins issuing proof American Silver Eagles.
- 2006: The United States Mint begins issuing burnished American Silver Eagles.
- 2011: The United States Mint begins issuing American Silver Eagles with the new reverse design by John Mercanti.
- 2021: The United States Mint releases the first American Silver Eagle with a new obverse design by Emily Damstra.
Why Buy American Silver Eagle Coins in Florida?
There are several reasons why buyers may want to purchase American Silver Eagles in Florida. First, the state has a large and active coin collecting community. This means that there are numerous outlets where buyers can find American Silver Eagles, both online and offline.
Second, Florida has a favorable tax environment for coin collectors and investors. The state does not charge sales tax on gold and silver bullion coins.
Third, Florida has a warm climate, which is ideal for storing coins. Coins stored in high humidity environments are more likely to tarnish and corrode.
Vermillion Enterprises is a premier coin shop located in Spring Hill, Florida. The shop specializes in buying and selling American Silver Eagles, as well as other gold and silver bullion coins.
Vermillion Enterprises is known for its low premiums on American Silver Eagles. The shop typically has a wide variety of American Silver Eagles in stock, including current year coins, backdate coins, and proof coins.
Where to Buy American Silver Eagles in Florida
In addition to Vermillion Enterprises, there are numerous other places where buyers can purchase American Silver Eagles in Florida. Here are a few suggestions:
- Coin shops: There are coin shops located throughout Florida. Buyers can find coin shops in major cities like Miami, Orlando, and Tampa, as well as in smaller towns and cities.
- Flea markets: Flea markets are another great place to find American Silver Eagles. Florida has a number of large flea markets, such as the flea market in Fort Lauderdale and the flea market in Sanford.
- Online retailers: Buyers can also purchase American Silver Eagles online from a variety of retailers. However, it is important to purchase from a reputable retailer to ensure that the coins are authentic.
Tips for Buying American Silver Eagles
Here are a few tips for buying American Silver Eagles:
- Do your research: Before you buy American Silver Eagles, it is important to do your research and learn about the market. This will help you to understand the current value of the coins and to avoid overpaying.
- Buy from a reputable seller: Only buy American Silver Eagles from a reputable seller. This will help to ensure that the coins are authentic and that you are getting a fair price.
- Inspect the coins carefully: Before you buy American Silver Eagles, be sure to inspect the coins carefully for any signs of damage or wear.
- Store the coins properly: Once you have purchased American Silver Eagles, it is important to store them properly. Coins should be stored in a cool, dry place.
American Silver Eagles are a popular choice for coin collectors and investors alike. With its high silver content and its legal tender status, the American Silver Eagle is a valuable and liquid asset.
Florida is a great place to buy American Silver Eagles, as the state has numerous outlets where buyers can find coins at competitive prices. Vermillion Enterprises is a premier coin shop in Florida that is known for its low premiums on American Silver Eagles.