Voices

Does the silver American Eagle bullion coin really need a new reverse design?

Editorial column from May 26, 2014, issue of Coin World
By , Coin World
Published : 05/09/14
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While I don’t believe a design change is currently needed for the bullion coins — the consistency has given the silver American Eagle a reliable, credible brand worldwide with collectors and investors — a new reverse could be used selectively. 

For example, a new reverse design could be transformative for the Uncirculated American Eagle silver coin. These are struck on specially burnished blanks and have a “W” Mint mark, but to many collectors, they look the same as the regular bullion coin. 

Unlike the bullion coin, which is available from secondary market dealers for a few dollars over the spot price of silver, the burnished Uncirculated silver American Eagle is available directly from the U.S. Mint for $43.95 as I write this. 

The U.S. Mint has no problem selling the bullion and Proof versions of the silver American Eagle (in fact, it often can’t keep up with demand) but a new reverse could make the burnished Uncirculated American Eagle a coin at the forefront of collecting, rather than just another U.S. Mint offering.

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16 comments
anonymous
anonymous May 15, 2014 12:24 PM
IMO, changing the reverse would provide a couple benefits. It might help hinder counterfeiting, and it would be an incentive for collectors to purchase. As for myself... I stopped collecting Eagles when it became apparent that the mint's distribution policies were geared toward the secondary (retail resellers and investment brokers) collector market. For me, that made the hope of assembling a complete set unrealistic. After all, they aren't even "coins". Their "face value" is a joke. At least Canada has a $20 for $20 program, even if the amount of silver is substantially less, so a collector needn't be a gambler OR a sucker.
That's MY 2 cents' worth.
anonymous
anonymous May 15, 2014 12:24 PM
If the design is to be changed then this is not the right design. It does not have the right stature for an American Coin. The letter style is wrong. The Eagle is the wrong size, profile and needs less detailing. This is a design that needs to go out to other designers of coins to see different artworks and then voted on by the public for the best design.
anonymous
anonymous May 15, 2014 12:31 PM
I think the new reverse would be great on the silver eagle. it's a beautiful design and would give collectors and investors something to look forward too.
anonymous
anonymous May 15, 2014 12:42 PM
The usual reasons for changing a design just don't apply to these coins. They never go into circulation so wear is never a problem. Size and famiilarity are not issues for precisely the same reason. The only possible reason is aesthetics. They already put Liberty on a weight loss program and did implant surgery on her boobs for the obverse, messing what is without a doubt one of the most beautiful coins ever minted. Did the Mint learn nothing from the First Lady and Presidentail series? You can only reach into our pockets just so often and we are fickle. The coin is a success leave it alone. Mess with the proofs all you want, leave the bussiness strikes too us small fry who don't have room too display a Type collection with 17 new entries every year
anonymous
anonymous May 15, 2014 12:48 PM
No we don't need a new design change to the back
back of the AMERICAN EAGLE !!
Leave it alone, and save us collector some money!!.
anonymous
anonymous May 15, 2014 1:37 PM
The $5 appears to me as a dollar value that is placed on an eagle?
anonymous
anonymous May 15, 2014 1:50 PM
Keep the current reverse.
anonymous
anonymous May 15, 2014 2:14 PM
Mercanti's eagle should be rotated 45 degrees so that it soars.
anonymous
anonymous May 15, 2014 2:47 PM
The desire to change the reverse of all of the American Eagle Silver Bullion coins as suggested by the CCAC raises many additional questions unanswered chief among them are; Why only the reverse? What do they think is wrong with the current reverse that they want to Change? What effect, if any, would changing the reverse have on sales?
The current version is one of the most popular and well known coins throughout the world by bullion and coin collectors alike, as well as the general public. Laws require our regular coinage to periodically be changed. That is not the case for bullion coins. The current version, both front and reverse, have become one of the most respected examples of what America means to the rest of the world. While there is no objection for change in general, change for change sake is illogical and inefficient. The operative maxim for this issue should be: IF IS AIN'T BROKE, DON'T FIX IT!
Barry Rock
anonymous
anonymous May 15, 2014 3:35 PM
Mr. Roach states in his opening paragraph that "Affordability, Credibility (and) Beauty... have made the American Eagle silver bullion coin a trusted store of value globally." He goes on to point out that "It's the world's leading silver bullion coin ..." Sooo, naturally, we should change its design. Perhaps, we should create a Citizens Flag Advisory Committee to change the design of the American flag. "Some" think it's a bit 'stodgy', too! - A stodgy U.S. bullion coin collector
anonymous
anonymous May 16, 2014 5:14 PM
Never underestimate the federal governments ability to fix what's not broken.

John Kaszyc
Fairless Hills, Pennsylvania
anonymous
anonymous May 18, 2014 7:11 PM
Both obverse and the reverse designs of the American Eagle coins should remain the same. These are truly American icons and should not be tampered with!
bobruckle@yahoo.com
bobruckle@yahoo.com May 20, 2014 2:44 PM
Keep the bullion version the same, and change it for the burnished and proof...that would be cool.
anonymous
anonymous May 22, 2014 2:07 AM
I don't see why there would be a need to change the design when it's universally recognized. If anything, how about making the coin more resistant to counterfeiting. This is where credibility and reliability come in to enhance what is already a best seller. I think changing the design too much might be viewed negatively.
anonymous
anonymous August 15, 2014 5:18 PM
IF, you really  want to FIX SOMETHING? Fix CONGRESS, The American Eagle is just fine.