A 1994-P Proof Silver American Eagle from the Philadelphia Mint, a key-date proof with the original U.S. Mint box and Certificate of Authenticity.
99.9% (.999 fine)
Proof Strike
United States Mint
Mint Dates
1994
Composition
99.9% silver (.999 fine)
Diameter / Weight
40.6 mm / 1.00 oz.
IRA Eligible
Yes, IRA Approved
Available Sizes
See SKU weight
The 1994-P Proof Silver Eagle with Box & COA pairs 99.9% (.999 fine) silver content with sovereign-grade authority, giving you a tradeable bullion position with clear provenance.
The 1994-P Proof Silver Eagle is a key-date issue in the American Silver Eagle proof series, struck at the Philadelphia Mint. Each coin contains 1 troy ounce of .999 fine silver and is legal tender of the United States with a $1 face value, backed by the federal government.
The obverse features Adolph A. Weinman’s Walking Liberty; the reverse carries the heraldic eagle design. Philadelphia proof strikes bear the ‘P’ mintmark. Each coin ships with the original U.S. Mint presentation box, capsule, and Certificate of Authenticity from 1994. The 2021+ reverse by Emily Damstra features a landing eagle carrying an oak branch and was introduced as part of the Type 2 redesign. Type 1 Heraldic Eagles (1986-2021) and Type 2 coins are both freely tradeable at full bullion premium.
1994-P proof mintage was just 372,168 coins, the lowest of the early proof Eagle era and one of the most sought-after dates in the series. Graded examples in PR69 and PR70 trade at multi-thousand-dollar premiums over spot. Cedar Gold’s Buyback Guarantee commits to purchase this product back at competitive market rates for as long as you hold it, with zero liquidation fees on the outbound side.
IRA-approved for self-directed Precious Metals IRAs. The 1994-P combines the bullion floor of 1 oz .999 silver with significant numismatic upside from its key-date status and low surviving population in original packaging. Inside a self-directed Precious Metals IRA, this product is held by a qualified custodian at an approved depository, so you retain ownership but cannot take personal possession until distribution.
Weight: 1.00 oz
Diameter: 40.6 mm
Finish: Proof (mirror field, frosted relief)
Edge: Reeded (typical for bullion strike)
Denomination: USD 1
Grade: N/A
Dimensions and weight are to mint specification. Coins ship in capsule where noted; bars ship in sealed assay packaging.
Metal: Silver
Purity: 99.9% (.999 fine)
99.9% silver (.999 fine). Investment-grade silver standard.
Mint: United States Mint
Struck in 1994.
Struck by the United States Mint. The U.S. Mint guarantees weight, metal content, and purity on every coin, and its bullion strikes carry federal legal-tender status.
Obverse: Adolph A. Weinman’s Walking Liberty (originally from the 1916 half dollar).
Reverse: Landing eagle with oak branch by Emily Damstra (2021+) or heraldic eagle (1986-2021).
Ships in original mint presentation case (or capsule, depending on year) with Certificate of Authenticity where issued.
Sovereign mint strike with dealer-standard authentication: weight, dimensions, and recognised design.
This product meets the statutory minimum fineness for silver in a Precious Metals IRA (.999), at 0.9990 pure. It is struck by a recognised sovereign mint and can be held by a qualified custodian at an approved depository.
IRS REQUIREMENTS (IRC §408(m)(3))
The Internal Revenue Code sets statutory minimum fineness thresholds for metals held in an IRA: gold .995, silver .999, platinum .9995, palladium .9995. Coins must be produced by a qualifying sovereign mint; bars must be produced by a refiner accredited by NYMEX, COMEX, NYSE-LIFFE, LME, LBMA, LPPM, TOCOM, ISO 9000, or a national government mint.
Collectibles are generally disallowed under IRC §408(m); the precious-metals exception in §408(m)(3) is narrow and fineness-driven. Specific U.S. coins, notably the American Gold Eagle and Silver Eagle are listed by statute.
A Precious Metals IRA must be held under a qualified custodian (trust company, bank, or qualifying non-bank custodian) and the metals themselves must be stored at an approved depository. You do not take personal possession of IRA-owned metals while they remain inside the account.
Common depositories include the Delaware Depository, Brink’s Global Services, IDS of Delaware and Texas, and A-M Global Logistics. Your chosen custodian will coordinate shipment and intake with the depository on your behalf.
Depositories offer two storage modes: segregated (your coins are held in a dedicated account and never commingled) and non-segregated or pooled (like-kind coins of the same series are stored together and a specific bar/coin is returned on distribution). Segregated storage carries a higher fee but preserves specific-coin identity.
All IRA-approved depositories carry all-risk insurance with Lloyd’s of London underwriting covering fire, theft, natural disaster, and employee dishonesty. Annual storage and insurance fees typically run from approximately $100 to $300, depending on account size and storage mode.
Traditional Precious Metals IRA: contributions may be deductible; growth is tax-deferred; distributions are taxed as ordinary income. Roth Precious Metals IRA: contributions are after-tax; qualified distributions (age 59½ and 5-year rule) are tax-free. Physical metals held in an IRA are treated identically to paper assets for tax purposes; the collectibles-rate long-term capital gains rule does NOT apply to metals held inside a qualifying IRA.
You can fund a Precious Metals IRA through a direct trustee-to-trustee transfer, a 60-day indirect rollover, or annual contributions. Direct transfers have no frequency limits and are not reported to the IRS as distributions. 60-day rollovers are limited to one per 12-month period across all of your IRAs (the Bobrow rule).
Eligible source accounts: Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA (after two years), 401(k), 403(b), 457(b), and TSP. The 2026 annual IRA contribution limit is $7,500 ($8,600 with the age-50 catch-up, per IRS Notice 2025-67). Confirm with your CPA or custodian.
Note: Cedar Gold Group is not a tax, legal, or financial advisor. IRA eligibility information is based on IRC §408(m)(3) as interpreted at the time of publication. Consult your tax professional and IRA custodian for guidance on your specific account.
