This is a brand new 1oz silver bullion coin. Coins will be shipped in a sachet, tubes of 20, or in boxes of 500.The 1oz Silver Eagle is the official Bullion coin of the United States of America and is certified by The US Mint.
This coin was first issued in November 1986 and has grown to become one of the most recognised coins in the world.
It is issued in 999.0 fine silver and has a face value of $1.
The obverse contains a design of Lady Liberty by the American sculptor Adolph Alexander Weinman. In this design, Lady liberty is draped in an American flag with the sun rising behind her.
The word LIBERTY runs along the top of the coin and behind Liberty’s leg it says, ‘In God We Trust’.
The year of the coin is along the base.
On the reverse of the coin is the classic US design of the Eagle and Shield by John Mercanti.
It also has 13 stars representing the 13 original colonies of America.
It also says, ‘E Pluribus Unum’ which means ‘Out of Many, One’.
The silver Eagle provides exceptional value combined with a global reputation for quality. The iconic Eagle design appeals to the world market especially being certified by the leading capitalist country known to man.
For investors, this means great value when purchasing and a strong bid for the coins when it comes to selling your silver. If you intend to buy a lot of silver, perhaps 500 coins or more, or add to your purchases regularly, then tax efficiency could be a consideration.
The non-UK silver coins are not exempt to Capital Gains Tax for UK investors. With an annual CGT allowance of around £12,000, the potential for huge gains with silver means this tax could apply to larger holdings. However, this can be overcome by selling your silver Eagles strategically in the future in tranches, so that no individual tax year receives all the gain.
Alternatively, mixing your silver Eagle purchases with Silver Britannias will rectify any possible tax issues. The UK coins are legal tender in the UK so are CGT free for UK investors.