The 1987 silver eagles have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
Specifications
Type: American Silver Eagle
Year: 1987
Face Value: $1.00
Composition: 99.9% silver
Total Weight: 1 troy oz.
Current Silver Bullion Value: $31.34
1987 was the second year that the American silver eagles were released. The US minted the 1987 silver eagle with no mint mark as an uncirculated coin and also the 1987 S proof silver eagle. The mint mark, when present, can be found on the reverse side of the coin.
Proof coins are essentially coins that have more detail. They are minted on special planchets and it takes longer to produce them. Each proof coin originally comes in a US Mint issued velvet box and a certificate of authorization (COA).
| Series | Location | Quantity Minted |
|---|---|---|
| 1987 | Philadelphia | 11,442,335 |
| 1987 S Proof | San Francisco | 904,732 |
Value
This coin, regardless of condition, is worth at least its weight in silver. The current spot price of silver is $31.34 per ounce. Therefore $31.34 is the current melt value of this coin.
The 1987 silver eagle with no mint mark is worth around $45 in uncirculated condition.
The 1987 S proof silver eagle is worth around $100 in proof condition.
Looking to Buy Silver Eagles? Shop on Money Metals Exchange
Sources:
The Red Book
See also: