1986 $1 Silver Eagle MS69 Certification #83802395, PCGS #9801

CoinFacts Details

Expert Comments

Jaime Hernandez

In the early 1980’s World Mints had been taking advantage of selling silver bullion related coins to meet public demand. However, the U.S. Mint did not have authorization by Congress to compete with other World Mints at the time. Consequently, the Mint seeked authority from Congress and finally, on July, 09, 1985, the U.S. Mint received the required approval from Congress to strike Silver Eagles.

Following Congress's approval, the Mint struck Silver Eagles for the first time ever on November 24, 1986. Immediately, the coins proved to be a huge success and the Mint managed to sell over five million coins in the first year of introducing the Silver Eagle Program.

Histroical Facts: The price of silver was approximatlely $5.25, on the day that the coins were struck by the U.S. Mint. Therefore, the coins could have been purchased for about $6 or $7 each from a Mint authorized dealer.

Legal tender: Each Silver Eagle is issued by the United States with a legal tender value of One Dollar. However, the coins have an intrinsic value of more than one dollar due to the silver metal content within the coins.

Public Law: Produced under Public Law 99:61 which states - Liberty Coin Act - Amends Federal law to direct the Secretary to mint and issue, in quantities sufficient to meet public demand, one dollar silver bullion coins of specified size, weight, and design. Specifies the source of the silver to be used for such coins. Provides for their sale and issuance.

PCGS #

9801

Designer

Adolph A. Weinman/John Mercanti

Edge

Reeded

Diameter

40.60 millimeters

Weight

31.10 grams

Mintage

5,393,005

Metal

99.93% Silver, .007% Copper

Pop Higher

401

Pop Lower

3440

Region

The United States of America

Price Guide

PCGS Population

Auctions - PCGS Graded

Auctions - NGC Graded

Rarity and Survival Estimates Learn More

Grades	Survival Estimate The Survival Estimate represents an average of one or more experts opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.	Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.	Relative Rarity by Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.	Relative Rarity by Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
65 or Better	5000000	R-1.0	1 / 20 TIE	N/A
All Grades	N/A		1 / 20 TIE	N/A
60 or Better	N/A		1 / 20 TIE	N/A

Survival Estimate The Survival Estimate represents an average of one or more experts opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.
65 or Better	5000000
All Grades	N/A
60 or Better	N/A

Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.
65 or Better	R-1.0
All Grades
60 or Better

Relative Rarity by Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.
65 or Better	1 / 20 TIE
All Grades	1 / 20 TIE
60 or Better	1 / 20 TIE

Relative Rarity by Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
65 or Better	N/A
All Grades	N/A
60 or Better	N/A

Condition Census Learn More

Pos	Grade	Thumbnail	Pedigree and History
1	MS70 PCGS grade
1	MS70 PCGS grade
1	MS70 PCGS grade
4	MS69 PCGS grade
4	MS69 PCGS grade

#1 MS70 PCGS grade

#4 MS69 PCGS grade