The 1987-S American Silver Eagle Proof is a standout piece in the iconic American Silver Eagle series, prized for its elegant design, limited mintage, and enduring appeal among collectors. As the second proof coin in this series, minted during the program’s early years, it represents a key collectible for those interested in Silver Eagles or modern U.S. Mint numismatics.
In this guide, we’ll explore the history, design, mintage, and value of the 1987-S Silver Eagle Proof, providing insight into why this coin continues to captivate collectors.
Background and History
The American Silver Eagle program was launched in 1986 as a way to provide an investment-grade silver bullion coin to the public. Alongside the bullion version, the U.S. Mint also released proof coins, aimed specifically at collectors. Proof versions were struck with extra care, using specially polished dies and planchets, resulting in a stunning mirror-like finish and sharp design details.
The 1987-S Silver Eagle Proof marked the second year of production for the proof series. These coins were minted in San Francisco, carrying the distinctive “S” mintmark, and were sold directly to collectors through the U.S. Mint’s catalog.
Design Features
The 1987-S American Silver Eagle Proof features the timeless design first introduced in 1986.
- Obverse: The obverse showcases Adolph A. Weinman’s iconic Walking Liberty design, originally used on the Walking Liberty Half Dollar (1916–1947). Liberty strides toward the sunrise, draped in the American flag, holding branches of laurel and oak, symbols of peace and strength. The inscription “LIBERTY” curves around the top, with “IN GOD WE TRUST” to the right and the date “1987” at the bottom.
- Reverse: The reverse, designed by John Mercanti, depicts a heraldic eagle with a shield, clutching arrows and an olive branch in its talons. Thirteen stars appear above the eagle, representing the original colonies. The inscriptions include “UNITED STATES OF AMERICA,” “1 OZ. FINE SILVER – ONE DOLLAR,” and the “S” mintmark indicating the San Francisco Mint.
The proof coin’s polished fields and frosted devices provide a stunning contrast, highlighting every detail of the design.
Mintage and Availability
The 1987-S Silver Eagle Proof had a total mintage of 904,732 coins. While this figure is higher than the mintage of the 1986-S proof (the series debut), it remains relatively low compared to later proof issues.
Because the coins were specifically marketed to collectors and never intended for circulation, most examples are found in pristine condition. They were typically sold in elegant presentation cases, accompanied by a certificate of authenticity from the U.S. Mint.
Value and Collectibility
The 1987-S Silver Eagle Proof holds significant appeal among collectors of the series. Its value depends on condition and certification. Coins graded PR69 or PR70 by PCGS or NGC typically command higher premiums, with perfect PR70 examples being especially sought after.
On average, a 1987-S Silver Eagle Proof in its original packaging may sell for $75–$125. Certified examples graded PR70 may fetch $300 or more, depending on market conditions.
Why Collect the 1987-S Silver Eagle Proof?
This coin is a must-have for collectors building a complete Silver Eagle proof set. Its early place in the series, stunning design, and connection to the program’s history make it a cherished addition to any collection. Furthermore, its availability in high grades ensures its lasting appeal as both a collectible and an investment.
Conclusion
The 1987-S American Silver Eagle Proof represents the elegance and artistry of modern U.S. coinage. With its beautiful design, limited mintage, and historical significance, it continues to be a favorite among collectors. Whether you’re a seasoned numismatist or new to the hobby, this coin offers a perfect blend of beauty, value, and history.
FAQs
What is the mintage of the 1987-S American Silver Eagle Proof?
The 1987-S Proof had a total mintage of 904,732 coins, making it a relatively scarce collectible in the series.
What makes the 1987-S Silver Eagle Proof valuable?
Its limited mintage, beautiful design, and early place in the American Silver Eagle series contribute to its collectible value.
How much is a 1987-S Silver Eagle Proof worth?
Values range from $75–$125 for coins in original packaging, with certified PR70 examples commanding significantly higher premiums.