American Silver Eagles
The American Silver Eagle is a pure silver coin – .999 purity. Although it has a denomination value of $1, it is worth the value of 1 ounce of pure silver (currently $17.68 per ozt). The American Silver Eagle was first released in 1986 by the U.S Mint. It is the only investment grade silver bullion coin that is backed by the United States government. The American Silver Eagle is recognized and trade-able around the world which makes this a sought after investment coin.
The American Silver Eagle weighs 1 troy ounce. You can purchase in 1 ounce increments or you can purchase by the roll, which is sold in a tube of 20. For those that would like to make a big investment in silver can purchase the “Monster Box” which includes 500 ounces – 25 tubes of 20.
Silver prices have risen from 20 years ago (1997) when the average price was $4.84. On April 25, 2011, silver traded at $49.80 per ounce in the New York spot market – the all time high. It quickly fell back. In December of 2015, silver hit a 5 year low at $13.80 per ozt. It has since rebounded and currently trading at $17.68 per ozt.
Lake Worth Gold Mine
8100 Lake Worth Road
Lake Worth, FL 33467