1993-P Proof American Silver Eagle

in Proof Silver Eagles

The 1993-P Proof American Silver Eagle appeared from the United States Mint as the eighth annual release of the numismatic Eagle series which dates back to 1986. These 1993 Proof Silver Eagles continued a slump of sorts for the series which dated back three years previous and was defined by continually declining annual mintages. This slump would continue for one more year.

Production for the 1993-dated Proof Eagles was carried out by the US Mint’s facility in Philadelphia. This marked a change for the series as all previous issues had been struck at the US Mint’s facility in San Francisco. Thus, the reverse of these coins contains a ‘P’ mintmark instead of the ‘S’ mintmark.

Designs and specifications for the coin remained the same in 1993 as it was for previous releases (and for releases of all Silver Eagles up to and including present-day strikes). This includes a composition of .999 fine silver with the balance being 0.07% copper.

The diameter of the coins are 40.60mm with a thickness of 2.98mm. A reeded edge is found on each strike.

Shown on the obverse of the coin is a design of "Walking Liberty." This design was actually originally used by the US Mint for the 1916-1947 half dollar coin and proved to be extremely popular with collectors. In fact, the design is considered by many to be one of the most beautiful ever struck on a coin by the US Mint. It was originally completed by artist Adolph A. Weinman. Surrounding the image of Liberty are the inscriptions of "LIBERTY," "IN GOD WE TRUST" and the year of release "1993."

The reverse contains a heraldic eagle with shield design by US Mint engraver John Mercanti. The reverse also shows the inscriptions of "UNITED STATES OF AMERICA," "1 OZ. FINE SILVER," "ONE DOLLAR," and the aforementioned ‘P’ mintmark.

1993 Silver Eagle Mintages

Mintage for the 1993-P Proof American Silver Eagle came in at only 405,913. This was a drop of 92,630 from the 1992 version and a slide of 189,597 from where it had been just three years previous. The United States Mint sold each proof Silver Eagle directly to the public for $23.00 – the same price established several years before for the series.

In comparison, bullion Silver Eagle mintages actually climbed in 1993 coming in at 6,763,762. This was up well over a million coins from the previous year’s strike. Slight growth in the silver market may explain the increased interest in bullion coins as the London Fix for Silver averaged $4.31 an ounce, up $.36 from the previous year.

1993-P Proof American Silver Eagles on Sale

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