1999-P Proof American Silver Eagle

in Proof Silver Eagles

The 1999-P Proof American Silver Eagle marked the fourteenth annual release of the Proof American Silver Eagles from the United States Mint. Like the previous releases (as well as those still issued today), the 1999-P Proof American Silver Eagle was struck from one ounce of .999 fine silver.

Specifications for the series actually originated with the related bullion Silver Eagles. Congress passed the Liberty Coin Act of 1985 which authorized the production of silver bullion coins with a 40.6mm diameter and a weight 31.103 grams.

These bullion coins were to feature an obverse "symbolic of liberty" and a reverse containing an eagle design and were to be struck to meet public demand. The bullion coins were first introduced in 1986 with the US Mint also opting to create a numismatic version of the coins – the Proof Silver Eagles.

Both the bullion and the proof coins also contain the same designs. This includes an obverse of "Walking Liberty" as originally designed by Adolph A. Weinman for the 1916-1947 half dollar coin. This design is a favorite of many collectors and is considered by many to be one of the most beautiful ever struck on an American coin.

The reverse showcases a heraldic eagle with shield design. It was originally completed by US Mint engraver John Mercanti.

Production of the 1996 Proof American Silver Eagles was completed at the US Mint’s facility in Philadelphia. That location had been responsible for striking the Proof Silver Eagles since 1993 with previous versions struck at the US Mint’s facility in San Francisco. Mintmark location for the proof Eagles is located to the bottom left of the eagle on the reverse.

1999 Silver Eagle Mintages

Mintage for the 1999-P Proof American Silver Eagle improved dramatically over the previous few years. The US Mint raised the mintage limit which may have aided in availability. According to the US Mint, a total of 549,330 of the 1999-dated Proof Silver Eagles were sold. Each was initially offered for $24.00, the same price as the previous year’s release.

Bullion Silver Eagle mintage also rose dramatically for the year with the US Mint recording a total of 7,408,640 sold. This was over 2.5 million more than had been sold of the 1998-dated bullion Silver Eagles. The average London Fix for Silver for the year was $5.22 an ounce.

1999-P Proof American Silver Eagles on Sale

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