Silver Eagles Pops Exploding

gmarguli

I just looked at the pops for the silver eagles in PCGS MS69 and they seem to have exploded for certain key dates.

If I remember correctly, about a year ago the 1994 used to have the lowest population in MS69. Now it is the 5th lowest. The 1996 also used to have a low population in MS69, not it is only exceeded by the 1988, 2000-3 coins.

What happened? When did this happen? Was it a slow increase or did it happen over a short period of time?

benloe

The last month has just been amazing. If you look at all the MS68s that are being made you have to know
someone is spending some bucks on plastic. Some of the total pops are almost half MS68s and
we all know what they are worth in that series. I would say it is a distinct case of spray and pray.

matteproof

Hi Greg. Thank you for this great piece of information. It is a grim reminder that so-called "grade rarity" can be very fleeting indeed. Creeping "gradeflation" is a real issue of concern (especially true with moderns). Date rarity (i.e. low mintages and populations) to a large degree is better focused and the way that I have largely guaged rarity in my own numismatic pursuits. Thanks again for the info!

matteproof

cladking

This is quite probably a symptom of the health of the TV coin shows. They
are selling a lot of this kind of material right now, so my guess is they've
been submitting large numbers of coins. These submissions are probably
choiced out of a large percentage of the mintages.

AbesNeighbor

The same seems to be true for modern strike proof DCAM's. What will happen when people really start breaking open proof sets and submitting the coins? There will be a lot of collectors with frowns.

cladking

<< <i>The same seems to be true for modern strike proof DCAM's. What will happen when people really start breaking open proof sets and submitting the coins? There will be a lot of collectors with frowns. >>



It is demand which is breaking up these sets. If the supply of DCAM's is sufficiently
large for some dates it could certainly overwhelm the demand for a period of time.
I don't remember a lot of Morgans falling in price as their populations grew. The
drop in prices didn't really occur until the demand fell off.

AbesNeighbor

I don't disagree with that analysis... does that mean that some day full proof sets(for some years) might be worth more?

cladking

This deserves a thread of it's own. Yes, there will be a premium for intact
sets eventually but this could take a long time. Mintages were very high
for most of these sets and large numbers of most remain. Significant per-
centages of the remaining sets have no premium coins so there will be less
incentive to bust them up.

dbldie55

The PCGS numbers should have nothing to do with TV as none of the TV shops seem to send to PCGS. NGC numbers should have exploded from the numbers sent to them (which they have). I would bet the prices for the 1994 and 1996 dates in MS69 have brought out many more. Nothing like $$$ to bring "rare" things out in unrare numbers.

snake

Thanks Gmarguli know I have Both POP NGC and P.C.G.S .Your a good person.SNAKE

Steve27

This is simply a case of supply and demand. The supply for some of the dates in PCGS MS69 was low enough to entice people to have large numbers of coins graded (one of them was Tulving, he now has a large supply of PCGS MS69 1996s).