The term “American Prospector coin” typically refers to the Engelhard Prospector silver rounds , which are highly sought after by collectors and investors.
Here’s some key information about these rounds:
- Manufacturer: Engelhard, a renowned name in the precious metals industry.
- Composition: These rounds are made of 1 troy ounce of .999 pure silver.
- Design:
– Obverse: Features a depiction of a prospector panning for gold, with the inscriptions “U.S.A.”, the year of issue, and “The American Prospector”.
– Reverse: The design varies depending on the year of production. Some rounds feature a large “E” logo of Engelhard, while others depict an American bald eagle carrying an American flag. 1982 rounds exclusively feature the “E” logo, while 1983 and 1984 rounds were minted with both designs.
- Years of Production: These rounds were minted from 1982 to 1987.
- Historical Significance: The Engelhard Prospector rounds were among the first mass-produced silver rounds marketed to the general public, coinciding with a resurgence in precious metals interest during the 1980s.
- Collectible Value: Due to their historical significance, iconic design, and limited mintage, Engelhard Prospector rounds are highly collectible.
- Legal Tender Status: These are not legal tender currency and do not have a face value.
- Condition: As vintage items, their condition can vary.
- Counterfeits: Be cautious of counterfeits, especially of the 1984 1 oz American Prospector with the Engelhard “E” logo reverse. Proof-like rounds in hard plastic air-tites can also be a warning sign.
Engelhard American Prospector coins can be purchased from various online bullion dealers and coin shops, including:
- JM Bullion
- APMEX
- Golden Eagle Coins
- Money Metals Exchange
- eBay
- Etsy
- Mercari
- Nashville Coin Gallery
- Bullion Trading LLC
- Prospector’s Gold & Gems Refining
- A World of Coins
- American Numismatic Investments
- Golden Peaks Coin, Gold & Silver
What is the rarest American Eagle coin?
Thanks for asking. Often considered the crown jewel of the series, the 1995-W Proof Silver Eagle was issued exclusively in the 10th Anniversary Set. Initially set at 45,000 coins, only 30,125 were sold, earning it the nickname “The King of American Silver Eagles.” This coin is a top entry in the book 100 Greatest U.S. Modern Coins.