The American Silver Eagle is the only silver coin eligible for for the IRA LLC program, and can legally be held as an IRA asset in the IRA LLC manager’s possession instead of a depository.
The design on the coin's obverse was taken from the "Walking Liberty" design by Adolph A. Weinman, originally used on the Walking Liberty Half Dollar coin of the United States from 1916 to 1947. This iconic design had been a public favorite, and one of the most prized designs of any United States coinage of modern times, silver or otherwise, so it was revived for the Silver Eagle decades later. The obverse is inscribed with the year of issuance, the word LIBERTY, and the phrase IN GOD WE TRUST.
The reverse was designed by John Mercanti and portrays a proud eagle behind a shield, grasping an olive branch in its right talon and arrows in its left talon, showcasing the Great Seal of the United States. Above the eagle are thirteen five-pointed stars, representing the Thirteen Colonies. The reverse is inscribed with the phrases UNITED STATES OF AMERICA, 1 OZ. FINE SILVER~ONE DOLLAR, and E PLURIBUS UNUM (on the banner that the eagle holds in its beak), as well as the mintmark, if applicable.
The American Silver Eagle was introduced in 1986 as part of the American Eagle Bullion Program. The Program was authorized by congress in 1985 to produce silver bullion coins with their content, purity, and weight guaranteed by the United States Government. The American Silver Eagle is now known as the most popular bullion coin in the world.
|Face Value||1 USD|
|Weight||1 Troy Ounce|
|Purity||.999 Fine Silver|