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A silver eagle is a US bullion coin containing 1 troy oz of .999 fine silver. Silver eagles have been issued since 1986. They carry an artificial $1 denomination but are sold to collectors and investors for the current value in silver metal, roughly $28-$35 during 2011 and 2012.
The artificial $1 denomination causes a lot of confusion with genuine silver dollars. These coins were issued from 1794 to 1935 and contained 0.77 troy oz. of silver, which was in fact worth $1 in those long-ago days. They were made for ordinary spending and are completely unrelated to modern eagle pieces.
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