First issued in 1986 the American Silver Eagle has become far and away the most collected modern silver coin in the World! Each Silver Eagle is struck from 1oz of .999 fine silver. The obverse design features a modern rendition of Adolph A. Weinman's classic Lady Liberty and the reverse features a heraldic eagle with a shield. The reverse was designed by legendary coin designer and the 12th Chief Engraver of the U.S. Mint John Mercanti!
Although the West Point Mint is the primary production location for bullion Silver Eagles, in recent years, demand has been extremely strong, and the Mint has been unable to meet the demand. In an effort to keep up, both the Philadelphia and the San Francisco Mints have been used to augment American Silver Eagle Bullion production.
You might be wondering how would one know if they had a Silver Eagle struck from the West Point Mint, Philadelphia Mint or San Francisco Mint if the bullion coins do not have a mint mark? The Silver Eagles struck at each of these mints have specific serial numbers on their sealed US Mint monster boxes that allow the grading services to recognize which mint the coins originated from. When Silver Eagles are submitted for grading and can be verified as coming from either of the mints, NGC is adding a (P) designation for Philadelphia, an (S) designation for San Francisco or a (W) designation for West Point on the label.
This 2021 (P) $1 Silver Eagle was struck at the Philadelphia Mint during emergency production and has been certified an MS69 by NGC!