The 1992 Silver Eagle experienced a drop in demand for the bullion version of the coin. After three consecutive years of increases, the mintage fell by more than 1.5 million to 5,540,068. This came as the price of silver edged lower for another year.
The 1992 Proof Silver Eagle showed a marginal decline to just below 500,000 coins. This marked the second annual decline for proof Silver Eagle sales, which would continue for another two years before bottoming out. The proof version of the coin was produced at the San Francisco Mint and carried the “S’ mint mark. The coins were offered for sale to collectors directly by the US Mint, priced at $23.00 each.
For collectors of certified Silver Eagles, perfect NGC PF 70 Ultra Cameo graded proof coins are attainable for the 1992 Silver Eagle, while MS 70 coins can be found but with less frequency and command strong premiums.
During the year 1992, the price of silver ranged from a low of $3.65 per ounce to a high of $4.33 per ounce. The overall average price for silver was $3.95.
1992 Silver Eagle Mintages
Bullion Mintage: 5,540,068
Proof Mintage: 498,543
Mint Mark: none (bullion), S (proof)
Designers: Adolph A. Weinman (obverse), John Mercanti (reverse)
Composition: 99.93% silver, 0.07% copper
Weight: 31.101 grams (1.000 ounces)
Diameter: 40.6 mm (1.598 inches)
Thickness: 2.98 mm (0.117 inches)