A Guide Book of American Silver Eagles, volume 27 in Whitman Publishing's best-selling of numismatic references, debuts in December 2022, available frombooksellers and hobby shops nationwide. Here, author Joshua McMorrow-Hernandezdiscusses his own introduction to American Silver Eagles, why the coins are so popular, andwriting his newest book.

MY FIRST AMERICAN SILVER EAGLE

My introduction to American Silver Eagles came about in a most interesting way. My cousin, who alsocollected coins at the time, visited from out of town for a short summer vacation during 1993. So, therewe were-along with my sister, herself a collector back then-three kids talking about coins as a sharedinterest during much of our cousin's visit. My mom and dad, who encouraged my numismatic pursuits bypurchasing hobby books and magazines, had heard about a fairly large local coin show that washappening during the week of my cousin's visit. It was to occur over the course of four days, ending on aSunday.

My family and I had never been to a coin show before. Sunday was our best day to attend for a couplehours in the afternoon-and the advertisement in that Sunday's newspaper declared it was running from10 a.m. to 6 p.m.

LEFT: Josh McMorrow-Hernandez, then 12 years old, holding the 1981 United States Proof set he receivedas a birthday gift from his family in May 1993.

RIGHT: Whitman Publishing author Joshua McMorrow-Hernandez outside United States Mint headquartersin Washington, D.C.

The show was held in the event hall of a ritzy shoreside hotel in Sand Key, Florida. My dad drove us overand my mom, wanting to make sure we were at the right place, hopped out of the van to scope out theevent. She walked into the hotel lobby and was back out before too long, visibly upset. The showmanager had told her they were already closing up shop-that it was the last day and most of the dealerswere heading home. My mom, armed with the newspaper advertisement, reasoned it was still at least twohours before the closing time.

She went back inside to talk with one of the club's top brass and see if there was any way they could letus at least check out the bourse floor, if even for a short bit. She was inside the lobby talking with theclub's leaders for at least five or ten minutes. Soon, she returned to the van holding three silver coins inplastic flips and announced that the show manager had apologized for the situation. They wanted us tocome in and visit with the few coin dealers who were still there-they'd stick around for us for the nexthalf an hour or so.

As she announced this news to us kids, she passed out the three coins she had been given. She said theywere called and that they were brand new-dated for that year, 1993-and that we shouldsave them. I had never seen such a large, heavy, or shiny silver coin; not even the cull Morgan dollar Ihad spent $5.50 to purchase a few months earlier, for my first twentieth-century type set, could compare.

Mom, Dad, and we three kids hopped out of the van and ventured onto the largely deserted bourse floor. Iwas after a handful of Lincoln cents for my 1909-1940 Whitman folder. Sis wanted a Peace dollar, and my cousin was looking for foreign coins. We visited two dealers. One gave us back in change a rag-condition 1957 $1 Silver Certificate, which was something I had never seen before. Another gave each of us a free vintage cull nickel. Mine was a corroded 1882 Shield nickel.

Mom introduced us to the officials who gave her the three American Silver Eagles, and we thanked themfor the coins and for keeping the show open for us. They were very kind and encouraged us to stayinterested in the hobby. And that we did, at least through our teen years. I ended up sticking with thehobby as an active collector the longest, though my cousin's interest in foreign coins later parlayed into aglobe-trekking career in journalism and the visual arts, while Sis still has her coin collection and is herselfan artist.

Some years went by, and I was in college and trying to keep the debt at bay by selling off some of mybelongings, including a swath of my coin collection. my mom jokingly warned.

My dear mom passed away in 2009 from cancer, and I thankfully hung onto that American Silver Eagle-something I now view as a memento of how much she supported my ambitions, including numismatics.As my foray into the hobby morphed from collecting to writing, editing, and journalism, I have enjoyedresearching American Silver Eagles, which hold a unique place in numismatics given their crossoverappeal to both investors and collectors.

WHY PEOPLE LOVE AMERICAN SILVER EAGLES

The American Silver Eagle isn't a bullion coin. Even in 1986, when the first ones were struck, thecoin was offered in Proof format and marketed to collectors. Over the years since, the United States Minthas produced the American Silver Eagle in myriad finishes and collectible variations suitable fornumismatic tastes. But even the bullion issues (which were originally marketed as ) drawcountless hobbyists into building date sets.

These coins are legitimate collectibles on every front, encompassing rarity, value, and numismaticchallenge. The bullion strikes boast several relatively scarce issues, including the key-date 1996 andseveral earlier semi-key dates that have lower mintages and conditional rarity in the higher grades. Thereare also some significant varieties, with the 2008-W Burnished, Reverse of 2007, a decidedly scarceentry. The undisputed of American Silver Eagles is the 1995-W Proof, which has a mintage of just30,125 pieces. But contending for that spot is the more recent 2019-S, Enhanced Reverse Proof, whichsaw an output of merely 29,909.

While the American Silver Eagle series boasts numerous expensive keys, semi-keys, and varieties, theseries remains financially accessible. A handsome set of bullion strikes can be completed for an outlayfairly close to the prevailing spot price of the coins. Meanwhile, more intrepid collectors can work on acomprehensive set encompassing the many finishes and varieties. And collectors anywhere within thatspectrum may choose to complete the set with coins in average Uncirculated or Proof grades, or go all-outon a competitive registry set incorporating certified coins boasting a 70 on the numericalgrading scale.

No matter the depth of your American Silver Eagle collection, sets like these represent an optimalmerging of the bullion and numismatic spheres. The precious-metals investor who wants to dabble incollectibles can build a decent set of Silver Eagles for prices close to their metal value. Meanwhile, thehobbyist who wants to speculate in precious metals has a built-in silver portfolio by completing a set ofAmerican Silver Eagles.

Sweetening the deal even further is the outstanding liquidity of a set of American Silver Eagles. Not onlyare these popular silver bullion coins in high demand among United States collectors and dealers, but theyalso have global appeal and are quite sought after around the world.

Sealing the deal for many collectors is their colorful legacy. The American Silver Eagle incorporates oneof the most beloved designs of all time, Adolph A. Weinman's Liberty Walking motif. This graceful,patriotic design first appeared on the half dollar in 1916 and continued for the duration of that series until1947. The Liberty Walking half dollar has become a favorite collectible and enjoys incredible demandamong collectors of all ages.

Weinman's design became a top choice for the nation's first one-ounce silver bullion coin after PresidentRonald Reagan signed the Liberty Coin Act into law on July 9, 1985, authorizing production of theAmerican Silver Eagle. The classic design was paired on the Silver Eagle with sculptor-engraver JohnMercanti's heraldic eagle reverse, which was retired in 2021 to make way for artist Emily S. Damstra'ssoaring flying eagle design. Still, the timeless Liberty Walking design continues marching well into thetwenty-first century.

AMERICAN SILVER EAGLES AND YOU

In the Guide Book of American Silver Eagles, I've explored all of these facets-the history, the artistry,the technology and design work, production, silver procurement, distribution, ways to collect and invest,and many more, including byways as strange and interesting as counterfeits, error coins, and hoards ofAmerican Silver Eagles.

I interviewed Mint officials, coin designers, dealers, collectors, investment advisors, silver miners, andothers with specialized knowledge, and brought together a treasure trove of historical archives, plusmarket information and analysis.

The result is 384 pages covering America's most famous and popular bullion coin series.

My hope is that you enjoy reading the Guide Book as much as I enjoyed researching and writing it. I thinkyou'll become as interested in these fascinating coins as I've been since I held my first American SilverEagle thirty years ago.

A Guide Book of American Silver Eagles, first edition.
By Joshua McMorrow-Hernandez; foreword by Q. David Bowers.
ISBN 0794849792. Softcover, 6 x 9 inches, 384 pages, full color.
Retail $29.95 U.S.
https://whitman.com/guide-book-of-american-silver-eagles/

To read the earlier E-Sylum articles, see:
NEW BOOK: GUIDE BOOK OF AMERICAN SILVER EAGLES(https://www.coinbooks.org/v25/esylum_v25n39a03.html)
DENNIS TUCKER: AMERICAN SILVER EAGLES(https://www.coinbooks.org/v25/esylum_v25n47a08.html)