Silver Eagle Token (SET)
The metal stays put. Ownership moves.
You own a specific 1 oz American Silver Eagle. It is vaulted and insured at BlueVault, it is legally yours, and you can take delivery of the coin. Ownership moves digitally — without moving the metal.
Key facts
| What you own | One specific 1 oz American Silver Eagle bullion coin, produced by the U.S. Mint |
|---|---|
| Metal content | 1 troy oz of fine silver · .999 fine |
| Face value | $1 (U.S. legal tender) |
| Backing | 1 token = 1 specific, allocated coin |
| Custody | BlueVault — vaulted and insured |
| Ownership transfer | Digital, through SATCHEL — the coin stays in the vault |
| Legal structure | Bailment and warehouse-receipt concepts; the token is digital title to the coin |
| Governing law | Uniform Commercial Code, Nevada |
| Redemption | For the physical coin, subject to program terms |
| Access | B2B programs for advisors and qualified institutions |
| Issuer | Great American Token Company (GATCo) |
How ownership works
- You own an Eagle. A specific 1 oz American Silver Eagle produced by the U.S. Mint.
- It sits in a vault. BlueVault vaults and insures it, allocated to you.
- You hold legal title. GATCo holds the coin as bailee and issues digital title to it, structured under the Uniform Commercial Code in Nevada.
- Ownership moves. Title transfers digitally through SATCHEL; F1R3FLY protects the ownership data.
- You can redeem. Take delivery of the physical coin, subject to program terms.
How it differs from a silver ETF
- A fund share tracks the price; SET is ownership of a specific coin.
- Fund redemption in kind is generally limited to authorized participants; you can take delivery of your coin.
- Your coin is held in the United States, at a named custodian.
Who does what
- GATCo — issuer; keeps the record of legal title.
- BlueVault — protects the asset: custody and insurance.
- F1R3FLY — protects the ownership data.
- SATCHEL — the ownership interface you and your advisor use.
Key risks
- Price: the coin's value moves with the market price of silver and can fall.
- Redemption and liquidity: redemption and transfers are subject to program terms, timing and logistics; liquidity may be limited.
- Technology and access: ownership is held and transferred through digital systems; lost credentials or system disruption can delay access.
- Counterparty and operational: the structure relies on the issuer, the custodian and technology partners performing their roles.
- Legal and regulatory: laws governing digital title and documents of title may change.
Questions? Ask your advisor. Institutions: www.greatamericantoken.com/#briefing · Documents: www.greatamericantoken.com/documents/
This fact sheet summarizes key features and is qualified in its entirety by the program documents. Fees, minimums and eligibility depend on the program. It is not investment, legal or tax advice. Informational only. Nothing on this site is an offer to sell, or a solicitation of an offer to buy, any token, security or other product. Gold Eagle Tokens and Silver Eagle Tokens are available only through B2B programs to advisors and qualified institutions, subject to applicable law and program terms. Commodity-backed digital assets involve risk, including loss of value. Institutional legal review required.