gold coin liberty

Posted Jun.13, 2010 under Price of Gold Coins

gold coin liberty

American Silver Eagle coins are not only considered by many to be terrible investments, they are also some of the world's most beautiful coins. The Eagle silver, which is the official currency of silver bullion from the United States, contains a full troy ounce of 99.99% pure silver and was first released by the Mint Action Thanksgiving 1986.

Although more than 200 million gold coins have been minted in the course of time, hardly saw the light of day. Here is a brief history currency.

The Federal Government wants to reduce the deficit

There was a great effort to reduce the federal deficit during the 1970s and early 80s. Several government proposes the sale of silver in the National Defense Reserve in order to make this happen.

However, even the announcement of a proposed sale caused the price of silver to fall like a rock. Because of this mining interests in the United States strongly opposed the proposals.

In any case, the Reagan administration wanted to happen and the House Armed Services Committee approved a request to sell silver stocks at the beginning of fiscal 1982. However, just before the sale was about taking place a group of politicians in Idaho were able to block the auction, arguing that the sale would have a "disastrous" in the silver mining interests throughout the country, especially in Idaho.

Try Senator McClure to pass a law – and fails

In 1982 Senator James A. McClure (R-Idaho) introduced his first bill proposing that the money in the Reserve Defence Eliminated by the national coinage of silver. The theory was that if the coins were issued would have a minimal effect of the price of silver.

The bill failed. So about six months later, in January 193, Senator McClure tried again. And failed again.

McClure Senator does not give

But do not give up. In 1985, Senator McClure added an amendment to another bill. Call Liberty Coin Act, this bill passed. Among other things gave the Treasury Secretary the power to mint and issue gold and silver coins of numismatic coins as legal tender of the United States. When President Reagan signed into law on July 9, 1985, became law.

As a result, the program of American Silver Eagle bullion came into existence. It proved so popular that it became clear that U.S. stocks would be exhausted silver support "of American Eagle Silver Bullion Program Act" was approved and signed by President Bush on July 23, 2002.

Next, to find out where to get the lowest prices on your Silver American Eagle coin, along with a more detailed history of these beautiful coins, go to => http://www.silveramericaneagles.org/silver-american-eagle-coin/