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.
Proof Version: A special proof version of the 1998 Silver Eagle was also released, which is characterized by a mirror-like finish and higher quality than regular business strike coins.
Grading and Condition: The value of the 1998 Silver Eagle depends heavily on its condition. Coins graded in MS70 or PR70 (perfect grade) can command significantly higher prices than those with visible wear or imperfections.
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.