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Doubled in 23 Years
October 08, 2010

With the news that one-ounce silver American Eagles will be sold by the U.S. Mint for $45.95 Nov. 19, my mind has cast itself back to 1986.

That was the very first year the proof silver Eagles were offered to collectors.

I was excited as anybody about the new bullion coin. I plunked down my $21. It was an enjoyable moment or two as I thought about it.

Then it hit me. The current price is about double the price of the first one and almost precisely double the $23 cost of the 1987.

So issue price has doubled in 23 years.

That doesn’t seem like much in today’s environment of record silver headlines.

If the proof silver American Eagle issue price doubles again in 23 years, I will see it reach $91.90 not all that long before I turn 80. I might not make it to 80.

Then I thought of Pat Heller. He would probably assure me that it will happen while I am still much younger – next year even.

That’s better. I want to be fit enough to still write a headline.

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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