2023 American Silver Eagle
Every version of the 2023 Silver Eagle with mintages, the silver it contains, which versions carry a premium and what to check on yours.
- Year
- 2023
- 1 oz bullion mintage
- 24,750,000
- Versions
- 4
- Metal
- .999 fine silver
Original illustration of the coin's size and metal. Tap to flip. Not a picture of the actual design.
Metal value · Small premium · Collector premium · Significant rarity. We use bands because metal and coin prices change daily.
What is a 2023 Silver Eagle worth?
The 2023 bullion Silver Eagle is worth its silver content: weight times the day's spot price, plus a modest dealer premium when you buy and less when you sell. Its scarcer versions are different: the 2023-S proof (231,040) rates small premium.
Metal value = troy ounces of silver × the day's spot price. For collector versions, check recent sold results for the same version and grade.
Every 2023 Silver Eagle version
| Version | Mint mark | Size | Mintage | Value band |
|---|---|---|---|---|
| Bullion | None | 1 oz ($1) | 24,750,000 | Metal value |
| Proof | "S" | 1 oz ($1) | 231,040 | Small premium |
| Proof | "W" | 1 oz ($1) | 560,403 | Small premium |
| Uncirculated (burnished) | "W" | 1 oz ($1) | 160,865 | Small premium |
2023 has four versions. The bullion coin has no mint mark and a normal bright finish and was sold in tubes through authorized purchasers. Two proofs were made, one with an S and one with a W, both with mirror fields and frosted Liberty and eagle. Their mint mark is the only difference, so read it carefully. The W burnished coin has a satin finish and came in Mint packaging like the proofs. A coin in a case with a certificate is a collector version. A coin from a tube is bullion.
Quick answers
- How much silver is in a 2023 Silver Eagle?
- Each coin contains its stated weight of pure silver: one troy ounce in the $1 coin. The alloy is 99.9% silver.
- How many 2023 Silver Eagles were made?
- 24,750,000 one ounce bullion coins plus 952,308 collector versions (proof, burnished and special finishes).
- Is the 2023 Silver Eagle worth more than its silver?
- The bullion coin trades close to its metal value plus a dealer premium. Collector versions in their original packaging bring a small premium.
- Is the Silver Eagle legal tender?
- Yes. Each size carries a face value ($1), but nobody spends them: the silver is worth far more than the face value.
The Silver Eagle in 2023
Investors came back in 2023, buying 24,750,000 bullion coins, more than half as many again as in 2022. Silver drew renewed interest during the year and investors returned to the Silver Eagle as the familiar way to buy it. Supplies were comfortable, so there were none of the shortages of 2020 and 2021. The coin was once more selling at a pace reminiscent of the early 2010s, though well short of the record years. Dealers had plenty of stock.
Collector sales eased after the strong 2022. West Point struck 560,403 proofs and San Francisco 231,040, while the W burnished coin dropped to 160,865. There were no special sets or new finishes, so 2023 is one of the simpler recent years: four versions, all with the Type 2 eagle. Collectors who bought a 2022 to start a Type 2 run carried on, while some who had come back for the new design stopped after one year. Mintages drifted lower as a result.
2023 Silver Eagle by the numbers
The Mint sold 24,750,000 one ounce bullion Silver Eagles dated 2023. That ranks 29th lowest of the 39 bullion dates from 1986 to 2024.
Against the dates around it, 2023 bullion sales were 1.6 times the 2022 figure and about the same as 2024.
Collector versions dated 2023 add up to 952,308 coins across 3 versions. The scarcest is the 2023-W uncirculated (burnished) at 160,865; the most plentiful is the 2023-W proof at 560,403.
What to check on yours
- Weigh and measure it. A genuine one ounce Silver Eagle weighs 31.103 g and measures 40.6 mm. Fakes are usually the wrong weight or the wrong thickness.
- Try a magnet. Silver is not magnetic, so a coin that sticks is not genuine. A coin that does not stick still needs the other checks.
- Look for the mint mark. Bullion strikes have none; proofs and burnished coins carry a small letter. A mirror field with frosted design means a proof, a soft satin look means burnished.
- Handle it by the edge and never clean it. Fingerprints, wiping and polishing leave marks that cost collector versions much of their premium.
- Keep the original capsule, box and certificate with collector versions. Coins that come with them are easier to sell and more likely to bring their full premium.
Expect metal value for 2023 bullion unless it is graded perfect. The 2023-S proof, with the lower proof mintage, trades for a small premium slightly above the W proof. The W burnished coin, at 160,865, is also in small premium territory and draws a bit more interest than the proofs. Keep collector coins in their capsules and boxes. Like any modern proof, value depends on flawless surfaces, so avoid handling them outside the capsule. A loose or spotted coin is worth little more than its silver.
The Type 2 eagle (2021 to 2024)
In 2021, the program's 35th anniversary year, the Mint retired John Mercanti's heraldic eagle after 35 years and introduced Emily Damstra's design of an eagle coming in to land with an oak branch. The switch happened partway through the year, so 2021 is the only date with both reverses: 13,306,000 Type 1 bullion coins and 14,968,500 Type 2, plus Type 1 and Type 2 versions of the collector coins. Collectors who want the full story of the change need several 2021 coins rather than one.
To mark the change the Mint issued a two-coin reverse proof set pairing the last Type 1 reverse proof, struck at West Point, with the first Type 2 reverse proof from San Francisco, 124,917 of each. From 2021 on the regular collector lineup settled into an S proof, a W proof and a W burnished coin each year, all with the new eagle. Type 1 collector coins dated 2021 are the last of a design used for 35 years.
Bullion sales stayed well above the late 2010s, at 15,963,500 in 2022 and over 20 million in both 2023 and 2024, when 500,000 bullion coins carried a star privy mark. Collector mintages have drifted lower, with the 2024 burnished coin at 113,130. Modern coins rarely become significant rarities, but low-mintage collector versions in their original packaging do hold a small premium well. For bullion buyers nothing has changed: the coin still holds one troy ounce of .999 fine silver and still trades on the day's silver price.
Mintage chart
Specifications
| Program | American Silver Eagle |
|---|---|
| Issuer | United States Mint |
| Metal | .999 fine silver |
| Alloy | 99.9% silver |
| Sizes | 1 oz ($1, 31.103 g, 40.6 mm) |
| Edge | Reeded |
| One ounce coin | 31.103 g, 40.6 mm |
Frequently asked questions
Is the 2023 Silver Eagle worth more than its silver?
The bullion coin is worth its metal value, with 24,750,000 made. The S proof, W proof and W burnished coin trade for a small premium over metal value, more in original packaging or in top grades.
What is the lowest mintage 2023 Silver Eagle?
The W burnished coin, with 160,865 made, has the lowest mintage of the year. The S proof is next at 231,040. Neither is rare, but both bring a small premium over metal value.
Mintages: American Silver Eagle (Wikipedia, CC BY-SA 4.0), compiled from US Mint figures. How we build these pages.