2002 Silver American Eagle Value Uncirculated: A Collector's Guide

How much is a 2002 silver American Eagle worth?

The 2002 silver American Eagle is a one-ounce silver bullion coin struck by the United States Mint. It is the twenty-first coin in the American Eagle bullion coin program, which began in 1986. The coin has a face value of $1, but it is worth significantly more due to its silver content.

The value of a 2002 silver American Eagle depends on the spot price of silver, as well as the coin's condition and rarity. As of 2023, the spot price of silver is around $25 per ounce. This means that a 2002 silver American Eagle is worth around $25 in bullion value.

However, the coin's value may be higher if it is in good condition or if it is a rare variety. For example, a 2002 silver American Eagle with a deep cameo proof finish may be worth several hundred dollars.

The 2002 silver American Eagle is a popular choice for investors and collectors. It is a beautiful coin with a rich history, and it is a good way to invest in silver.

2002 silver american eagle value uncirculated

The 2002 silver American Eagle is a one-ounce silver bullion coin struck by the United States Mint. It is the twenty-first coin in the American Eagle bullion coin program, which began in 1986. The coin has a face value of $1, but it is worth significantly more due to its silver content.

• Silver content: 1 troy ounce
• Purity: .999 fine silver
• Face value: $1
• Diameter: 40.6 mm
• Thickness: 2.98 mm
• Weight: 31.103 grams
• Designer: Adolph A. Weinman
• Engraver: John Mercanti

The 2002 silver American Eagle is a popular choice for investors and collectors. It is a beautiful coin with a rich history, and it is a good way to invest in silver. The coin's value is determined by the spot price of silver, as well as the coin's condition and rarity. As of 2023, the spot price of silver is around $25 per ounce. This means that a 2002 silver American Eagle is worth around $25 in bullion value. However, the coin's value may be higher if it is in good condition or if it is a rare variety. For example, a 2002 silver American Eagle with a deep cameo proof finish may be worth several hundred dollars.

1. Silver content

The silver content of a coin is one of the most important factors in determining its value. The 2002 silver American Eagle contains one troy ounce of .999 fine silver, which means that it is made of pure silver.

• Silver spot price: The spot price of silver is the current market price of silver per troy ounce. The spot price of silver fluctuates constantly, so the value of a silver coin will also fluctuate.
• Coin premium: The coin premium is the amount of money that a coin is worth over and above its silver content. The coin premium is determined by a number of factors, including the coin's rarity, condition, and desirability.
• Numismatic value: The numismatic value of a coin is the value that it has to collectors. Numismatic value is determined by a number of factors, including the coin's rarity, condition, and historical significance.

The 2002 silver American Eagle is a popular choice for investors and collectors. It is a beautiful coin with a rich history, and it is a good way to invest in silver. The coin's value is determined by the spot price of silver, as well as the coin's condition and rarity. As of 2023, the spot price of silver is around $25 per ounce. This means that a 2002 silver American Eagle is worth around $25 in bullion value. However, the coin's value may be higher if it is in good condition or if it is a rare variety. For example, a 2002 silver American Eagle with a deep cameo proof finish may be worth several hundred dollars.

2. Purity

The purity of a silver coin is one of the most important factors in determining its value. The purity of a coin is measured in thousandths, and .999 fine silver means that the coin is 99.9% pure silver. The 2002 silver American Eagle is .999 fine silver, which means that it is made of almost pure silver.

The purity of a silver coin is important for two reasons. First, the purity of the coin determines its value as a bullion coin. Bullion coins are coins that are made of precious metals, and their value is based on the spot price of the metal. The higher the purity of the coin, the more valuable it will be as a bullion coin.

Second, the purity of the coin determines its value as a collectible coin. Collectible coins are coins that are rare or have historical significance. The purity of the coin is one of the factors that determines the rarity of the coin, and it can also affect the coin's historical significance. For example, a silver coin that is made of .999 fine silver is more likely to be considered a rare coin than a coin that is made of .900 fine silver.

The purity of the 2002 silver American Eagle is one of the things that makes it a valuable coin. The coin is .999 fine silver, which means that it is made of almost pure silver. This makes the coin valuable as a bullion coin and as a collectible coin.

3. Face value

The face value of a coin is the value that is stamped on the coin. The face value of the 2002 silver American Eagle is $1. This means that the coin is worth $1 in legal tender. However, the bullion value of the coin is much higher than its face value. The bullion value of a coin is the value of the metal that the coin is made of. The 2002 silver American Eagle is made of one ounce of .999 fine silver. As of 2023, the spot price of silver is around $25 per ounce. This means that the bullion value of the 2002 silver American Eagle is around $25.

The face value of a coin is important because it is the value that is used to determine the coin's legal tender status. Legal tender is a form of payment that is recognized by law. This means that the 2002 silver American Eagle can be used to pay for goods and services in the United States. However, the bullion value of the coin is much higher than its face value, so it is not often used as legal tender.

The difference between the face value of a coin and its bullion value is known as the coin's premium. The premium is determined by a number of factors, including the coin's rarity, condition, and desirability. The premium on the 2002 silver American Eagle is relatively low, which means that the coin is a good value for investors.

4. Diameter

The diameter of a coin is the distance from one edge of the coin to the other. The diameter of the 2002 silver American Eagle is 40.6 mm. This is the same diameter as all other American Eagle silver coins, which have been struck since 1986.

• Minting process: The diameter of a coin is important because it determines the size of the coin dies that are used to strike the coin. The dies are made of steel, and they are engraved with the coin's design. The dies are then used to strike the coin blanks, which are made of silver. The striking process is what gives the coin its design and its diameter.
• Coin design: The diameter of a coin also affects the coin's design. A larger coin can accommodate more detail in the design, while a smaller coin will have a more limited design. The 2002 silver American Eagle has a relatively large diameter, which allows for a detailed design on both the obverse and the reverse of the coin.
• Coin value: The diameter of a coin does not directly affect the coin's value. However, the diameter of a coin can be an indicator of the coin's rarity. For example, a coin with a smaller diameter may be more rare than a coin with a larger diameter. This is because smaller coins are more difficult to strike, and they are often produced in smaller quantities.

The diameter of the 2002 silver American Eagle is 40.6 mm. This is the same diameter as all other American Eagle silver coins, which have been struck since 1986. The diameter of the coin is important because it determines the size of the coin dies that are used to strike the coin, the coin's design, and the coin's rarity.

5. Thickness

The thickness of a coin is the distance from one side of the coin to the other. The thickness of the 2002 silver American Eagle is 2.98 mm. This is the same thickness as all other American Eagle silver coins, which have been struck since 1986.

The thickness of a coin is important because it affects the coin's weight and its durability. A thicker coin will weigh more than a thinner coin, and it will also be more durable. The 2002 silver American Eagle has a relatively thick, which makes it a durable coin that is well-suited for circulation.

The thickness of a coin can also affect its value. A thicker coin may be more valuable than a thinner coin, because it is more difficult to produce. The 2002 silver American Eagle is a relatively thick coin, which contributes to its value.

6. Weight

The weight of a coin is one of the most important factors in determining its value. This is especially true for silver coins, which are valued based on their silver content. The 2002 silver American Eagle weighs 31.103 grams, which is the same weight as all other American Eagle silver coins that have been struck since 1986.

The weight of the 2002 silver American Eagle is important because it determines the coin's silver content. The coin is made of one ounce of .999 fine silver, which means that it contains 31.103 grams of pure silver. The silver content of the coin is the primary factor that determines its value.

The weight of the 2002 silver American Eagle is also important because it affects the coin's rarity. The coin is produced in limited quantities each year, and the weight of the coin can help to determine its rarity. For example, a coin that weighs less than 31.103 grams may be more rare than a coin that weighs more than 31.103 grams. This is because a coin that weighs less than 31.103 grams may have been struck from a different die, or it may have been struck with a different amount of pressure.

The weight of the 2002 silver American Eagle is an important factor in determining the coin's value and rarity. The coin's weight is determined by its silver content and the die that was used to strike the coin.

7. Designer

Adolph A. Weinman was a renowned American sculptor and coin designer. He is best known for designing the Walking Liberty half dollar, which was struck from 1916 to 1947. Weinman also designed the Mercury dime, which was struck from 1916 to 1945. Both of these coins are considered to be among the most beautiful coins ever produced by the United States Mint.

• The Walking Liberty half dollar: Weinman's design for the Walking Liberty half dollar was chosen in a competition held by the United States Mint in 1915. The coin features a full-length figure of Liberty striding forward, holding a torch in her right hand and an olive branch in her left. The coin was an immediate success, and it is still considered to be one of the most beautiful coins ever produced by the United States Mint.
• The Mercury dime: Weinman's design for the Mercury dime was also chosen in a competition held by the United States Mint in 1915. The coin features a profile of Mercury, the Roman god of commerce and travel. The coin was struck from 1916 to 1945, and it is still considered to be one of the most beautiful coins ever produced by the United States Mint.
• The 2002 silver American Eagle: Weinman's design for the Walking Liberty half dollar was used as the basis for the design of the 2002 silver American Eagle. The coin features a full-length figure of Liberty striding forward, holding a torch in her right hand and an olive branch in her left. The coin is struck in one ounce of .999 fine silver, and it is one of the most popular silver bullion coins in the world.

Adolph A. Weinman was one of the most talented coin designers of the 20th century. His designs are still used on some of the most popular coins in the world today. The 2002 silver American Eagle is a beautiful coin that is a testament to Weinman's skill as a designer.

8. Engraver

John Mercanti was an American coin engraver who was employed by the United States Mint from 1994 to 2010. He is best known for designing the reverse of the 2002 silver American Eagle bullion coin.

Mercanti's design for the reverse of the 2002 silver American Eagle features a majestic American bald eagle in flight. The eagle is shown with its wings outstretched, and it is clutching an olive branch in its talons. The design is both beautiful and symbolic, and it has helped to make the 2002 silver American Eagle one of the most popular bullion coins in the world.

The value of a 2002 silver American Eagle is determined by a number of factors, including the spot price of silver, the coin's condition, and its rarity. However, the coin's design is also an important factor in determining its value. Mercanti's design for the reverse of the coin is one of the most popular designs in the American Eagle series, and it has helped to increase the coin's value.In addition to the 2002 silver American Eagle, Mercanti also designed the reverse of the 2009 Ultra High Relief gold coin. This coin was struck in 24-karat gold, and it features a high relief design of an American bald eagle. The coin was a huge success, and it is now one of the most sought-after coins in the American Eagle series.John Mercanti was a talented coin engraver who designed some of the most popular and valuable coins in the United States Mint's history. His design for the reverse of the 2002 silver American Eagle is one of his most famous works, and it has helped to make the coin one of the most popular bullion coins in the world.

Frequently Asked Questions on 2002 Silver American Eagle Value Uncirculated

This section addresses frequently asked questions on the value and other aspects of the 2002 Silver American Eagle uncirculated coin. It provides clear and concise answers based on expert knowledge and reliable sources.

Question 1: What factors determine the value of a 2002 Silver American Eagle uncirculated coin?

Answer: The value of a 2002 Silver American Eagle uncirculated coin is primarily influenced by the spot price of silver, its condition, and rarity. The coin's silver content, design, and historical context also contribute to its overall value.

Question 2: How can I determine the condition of my 2002 Silver American Eagle uncirculated coin?

Answer: The condition of a coin is crucial in determining its value. Examine the coin's surfaces for any scratches, nicks, or blemishes. Uncirculated coins should have sharp details, no visible wear, and retain their original luster. Professional grading services can provide an accurate assessment of a coin's condition, assigning it a numerical or alphabetical grade.

Question 3: What makes the 2002 Silver American Eagle uncirculated coin rare or valuable?

Answer: Rarity and value can be influenced by various factors. Limited mintage, special finishes, or errors during production can contribute to a coin's scarcity. Coins with unique characteristics, exceptional preservation, or historical significance may also command higher premiums.

Question 4: Where can I buy or sell 2002 Silver American Eagle uncirculated coins?

Answer: There are several reputable options available to buy or sell 2002 Silver American Eagle uncirculated coins. Coin dealers, precious metals brokers, and online marketplaces specializing in numismatics offer buying and selling services. It is recommended to conduct thorough research and choose trusted and experienced dealers.

Question 5: How can I protect and store my 2002 Silver American Eagle uncirculated coin?

Answer: Proper storage and handling are essential to preserve the condition and value of your coin. Store the coin in a cool, dry, and stable environment, away from moisture and extreme temperatures. Use protective capsules or holders made of inert materials to prevent scratches or damage. Regular inspection and careful handling will help maintain the coin's pristine condition.

Understanding these aspects can empower you with the knowledge to make informed decisions regarding the value, acquisition, and preservation of your 2002 Silver American Eagle uncirculated coin.

Proceed to the next section for further insights into this captivating numismatic collectible.

Conclusion on 2002 Silver American Eagle Value Uncirculated

The 2002 Silver American Eagle uncirculated coin stands as a testament to the enduring allure and intrinsic value of precious metals. Its meticulous craftsmanship, coupled with its historical significance and limited mintage, renders it a sought-after collectible among numismatists and investors alike. Understanding the factors that influence its value, from the spot price of silver to its condition and rarity, equips collectors with the knowledge to make informed decisions.

As the global economic landscape continues to evolve, precious metals like silver are increasingly recognized as safe haven assets. The 2002 Silver American Eagle uncirculated coin, with its timeless design, intrinsic worth, and historical significance, serves as a tangible and valuable addition to any portfolio. Whether acquired for its aesthetic appeal, investment potential, or as a captivating piece of Americana, this exceptional coin promises to captivate and hold its value for generations to come.