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American Silver Eagles are eligible to be used in Individual Retirement Accounts (IRA) which make Monster Boxes an easy and cost effective way to add silver to your IRA. The American Silver Eagle is an iconic coin that is produced by the United States Mint. This series was signed into law under the Liberty Coin Act. This Act specifies the allotted diameter, weight, content and purity, design, inscriptions, type of edge, and the purchase regulations for the Silver Eagle, which is the official silver bullion coin of the United States. The Act was signed into law in July of 1985 and the first-ever Silver Eagles were dated 1986.
According to the Liberty Coin Act, the obverse must have a design that is "symbolic of Liberty..." The final design was derived from Adolph A. Weinman's classic "Walking Liberty" design that was originally used on the Walking Liberty Half Dollar (circulated 1916-1947), named for the depiction of Liberty walking along the horizon. Weinman was a German-American sculptor and designer who designed many different US coins. Weinman's neoclassical style can be seen in his work outside of coins, including sculptures that can be found on the Missouri, Wisconsin, and Louisiana state capitol buildings.
The Liberty Coin Act dictates that the design must bear an image of an eagle on the reverse side. This left much room for creative interpretation, giving artists a wide range of options. Ultimately, John M. Mercanti's heraldic eagle design was selected to be featured on the reverse. Mercanti join the US Mint as a sculptor/engraver after proving himself as an illustrator. In May of 2006, he was promoted to Chief Engraver of the US Mint after it had been vacant for 15 years. The previous Chief Engraver was Elizabeth Jones, who retired in 1991. Weinman is responsible for more designs used on US coinage than any other employee in the history of the US Mint.