W roku1986 Mennica Stanów Zjednoczonych zadebiutowała z nowymi monetami bulionowymi American Eagle.
Potrzeba sprzedaży zapasów srebra w jakim posiadaniu był rząd USA zainicjowała stworzenie nowej monety bulionowej. Uważano, że jest to najlepszy sposób na pozbycie się nadwyżek srebra bez obniżania jego wartości i bez szkody dla przemysłu wydobywczego.
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