As the 1 oz silver coins of the American Silver Eagle series approached the 10-year mark in availability, demand for the coins was low. The 1994 coin had a mintage figure that was 2.5 million coins lower than the year before and was, at the time, the lowest mintage in the program’s history. Right now, 1994 1 oz American Silver Eagle Coins are available to purchase online from JM Bullion with a PCGS certification.
- Arrives inside of a PCGS protective plastic slab!
- 9th year of release for the American Silver Eagle!
- Limited availability of certified coins!
- Contains 1 Troy oz of .999 pure silver.
- Bears a face value of $1 (USD) backed by the federal government.
- Issued a Grade of Mint State 69 by the Professional Coin Grading Service.
- Walking Liberty on the coin’s obverse.
- Heraldic eagle of the United States on the coin’s reverse.
Each individual 1994 1 oz American Silver Eagle Coin available to you here today comes with a Mint State 69 certification from the PCGS. Known as near-perfect coins, these specimens exhibit full, original mint luster with a maximum of two minor detracting flaws. Acceptable flaws at this certification level include minuscule contact marks or hairlines and must be located outside of the primary focal points of the coin.
The 1994 Silver Eagles had a mintage of 4,227,319 coins. That was down more than 2.5 million from the 1993 release and was nearly 800,000 lower than the next-lowest mintage figure of 5.004 million for the 1988 release. While American Silver Eagle coin demand was falling, the price of silver was surging in 1994.
After four years of falling average prices, silver jumped nearly one dollar on average in 1994 to $5.28 per ounce. Throughout the year, silver ranged as high as $5.75 per ounce and had a modest low of $4.78 per ounce, which was still higher than the average throughout all of 1993.
On the obverse of 1994 American Silver Eagle Coins is a design from Adolph A. Weinman. This image is known as Walking Liberty and depicts her figure walking toward the setting sun on the horizon. It is meant to symbolize the nation’s move toward a brighter future.
The reverse of 1994 1 oz American Silver Eagles includes the heraldic eagle of the United States. Originally designed in 1794 by Robert Scot, first Chief Engraver of the United States Mint, this particular design was created by John Mercanti in 1986. Mercanti began his career at the US Mint in the 1970s and would finish his career as the 12th Chief Engraver, a post he held from 2006 to 2010.
If you have any questions, please contact JM Bullion. Our customer service team is available to you at 800-276-6508, online through our live chat, and via our email address.