The term “American prospector coin” usually refers to silver bullion rounds, most notably the Engelhard Prospector series.
Here’s what you should know about them:
- Manufacturer: Engelhard Corporation, a prominent precious metals company.
- Metal: Primarily silver, with a purity of .999 fine silver.
- Production Dates: The Engelhard Prospector rounds were produced between 1982 and 1987 (some sources mention 1988).
- Historical Significance: They hold historical value as the first silver bullion rounds marketed to the general public.
- Design:
– Obverse: Depicts a prospector panning for gold, with “U.S.A.”, the year of issue, and “The American Prospector” inscribed around the image.
– Reverse: Early rounds (1982-1984) feature the Engelhard “E” logo, while later rounds (1984-1987) display an American Eagle design. Some years, like 1984, saw both designs minted. The eagle on the reverse is depicted facing left, with open wings, holding a branch in its left claw, and a U.S.A. flag near its right claw.
- Collectibility: These rounds are highly sought after by collectors due to their quality, historical significance, and the recognized Engelhard hallmark.
- Availability: While no longer minted, they can be found for sale from various online precious metals dealers like JM Bullion, APMEX, and Money Metals Exchange, and on platforms like eBay and Etsy. Prices vary based on the year of issue, condition, and reverse design.
In addition to the popular 1 oz rounds, Engelhard also produced fractional sizes (1/10 oz, 1/4 oz, and 1/2 oz) in 1985. Other manufacturers have also created their own “prospector” themed rounds, such as the Provident Prospector Series.
What is the rarest American Eagle coin?
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.
Why is Costco selling silver coins?
Because of the immense popularity of Costco’s gold bar program, it should come as no surprise that the retail giant eventually turned its attention to other precious metals. Now, Costco’s silver offerings include the American Silver Eagle and Canadian Silver Maple, two of the best-selling silver coins in North America.