The final release of Proof American Silver Eagles in the 1980s was met with a slight uptick in demand. Rewinding the clock back to 1989, the 1 oz Proof Silver Eagle was released at a time when the price of silver was hovering around $5.50 per ounce. With age, the Proof Silver Eagles of the 1980s will continue to gain value. Now, 1989-S 1 oz Proof American Silver Eagle Coins are available to you for purchase online from JM Bullion.
- Coins arrive in PCGS protective plastic slabs!
- 4th issue of the 1 oz Proof American Silver Eagles!
- Total mintage of 617,694 coins!
- Contains 1 Troy oz of .999 pure silver.
- Issued a face value of $1 (USD) by the United States.
- Bears a Grade of PR69 from the Professional Coin Grading Service.
- DCAM designation.
- Obverse features Walking Liberty.
- Reverse depicts the heraldic eagle of the United States.
- S mint mark from the San Francisco Mint.
The Proof Silver Eagle coins saw significant dips in demand following the debut of the series in 1986, an event that is common in proof collectible series. The 1986 debut set a high-water mark for the collection at 1.446 million coins sold, while the 1987 release saw its mintage dip by 40% in just the second year of availability.
Mintage for the 1988 coin fell roughly 60% below the level of the 1986 debut before a brief uptick in demand occurred in 1989 and 1990. The 1989 and 1990 coins are significant among the early years as the last two coins to fall above 600,000 in mintage until the early 2000s.
Obverse design features of the 1989-S 1 oz Proof American Silver Eagle include the Walking Liberty design. Created in 1916 by Adolph A. Weinman, the image was modified and modernized for use on the Silver Eagle when it debuted in 1986. The design originally featured on the US half dollar from 1916 to 1947.
Reverse visuals on the 1989-S Proof Silver Eagle include the heraldic eagle of the United States. Another classic American coin design, this image was modernized by John Mercanti. The main features of the design remain the same, such as the bald eagle supporting the US national shield. The significant changes to this version of the design were the inclusion of a banner in the birds beak and a tight, triangular cluster of 13 stars over its head.
These 1989-S 1 oz Proof American Silver Eagle Coins earned PR69 grades from the PCGS. Coins in this condition showcase full, original mint luster with a maximum of two minor detracting flaws. Acceptable flaws at this grade are limited to minuscule contact marks or hairlines and must be outside the primary focal points. The DCAM designation indicates the coins have enhanced visual brilliances thanks to strong, frosted designs and deeply-mirrored, clear fields.
JM Bullion customer service can assist you at 800-276-6508 with any questions. You can also chat with us live online or simply send us an email.