1986 American Walking Liberty Silver $240

Updated August 20, 2026

1986 American Walking Liberty Silver $240 This 1986 American Silver Eagle represents the inaugural year of the United States Mint’s official silver bullion program, making it a highly coveted "Key Date" for collectors. Struck in one troy ounce of .999 fine silver, the obverse features Adolph A. Weinman’s iconic Walking Liberty design, depicting Lady Liberty draped in the American flag as she strides toward a rising sun. The reverse displays a heraldic eagle with a shield, carrying an olive branch and arrows, signifying peace and strength. As the very first year of issue, the 1986 mintage holds significant historical value and serves as the cornerstone for any complete Silver Eagle collection. This particular specimen exhibits a brilliant luster and sharp details, housed in a protective flip to preserve its numismatic condition. Condition: The item appears to be in Brilliant Uncirculated condition, showing a strong luster and sharp details on the figure of Liberty and the rays of the sun. There is some minor surface milk spotting or hazing visible on the fields and light contact marks consistent with bulk handling, but no significant wear or circulation is evident. Mint: San Francisco (S) or Philadelphia (No Mint Mark), though the mint mark is located on the reverse which is not visible. Metal Content: .999 Fine Silver. Historical Context: This is the inaugural year of the American Silver Eagle program, which was authorized by the Liberty Coin Act of 1985 to provide a way for investors to purchase silver backed by the U.S. government. Strike Type: Business Strike. Grading: Ungraded/Raw. silver coin, american eagle, 1986, walking liberty, bullion, numismatics, currency, precious metal, silver dollar, coin collection, investment, united states mint, plastic sleeve, lot number 1986 silver eagle, american eagle silver coin, walking liberty silver, uncirculated silver dollar, bullon coin, us mint silver, rare coins, numismatics, fine silver 999, investment silver IMPORTANT BIDDER NOTICE Bidder is solely responsible for determining value, condition, completeness, authenticity, fitment, grade, and usefulness before bidding. THIS ITEM IS SOLD STRICTLY AS-IS, WHERE-IS, WITH NO WARRANTIES OR GUARANTEES OF ANY KIND, EXPRESSED OR IMPLIED. ALL SALES ARE FINAL. NO REFUNDS. NO RETURNS. NO CANCELLATIONS. NO BID RETRACTIONS. By placing a bid, the bidder acknowledges that they have reviewed the title, description, photographs, and any auction notices, and have had the opportunity to ask questions before bidding. Bidder agrees that: The item is being purchased strictly as shown in the photographs and described in the listing The auction house does not grade, test, appraise, or authenticate items unless specifically stated By registering and placing bids, the bidder expressly authorizes Iowa Surplus & Estate Auctions to charge the payment method on file for any lots won, including buyer’s premium, applicable taxes, shipping, handling, and proc

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