1995-W Silver Eagles - why so expensive?
dan1ecu
Posts: 1,573
Heritage has listed for sale a 1995-W S1$ Eagle, PCGS PR68 DCAM for over $2000. There are hundreds of them around, and more than 500 are certified at a higher grade. So, why are they commanding such prices?
Dan
Dan
0
Comments
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
09/07/2006
Dan
mcinnes@mailclerk.ecok.edu">dmcinnes@mailclerk.ecok.edu
In God We Trust.... all others pay in Gold and Silver!
be more becoming available as the owners discover that the coin is so val-
uable, but there are insufficient numbers to supply current demand. This
availability is unlikely to increase substantially because most owners are
well aware of the price and are either collecting them personally or holding
for higher prices. Demand for most modern coins is continuing to increase so
there can be little certainty that the price has to crash.
There are also legions of people who desire the coin but find the price too steep.
Even if the price were to back off this demand would prevent a freefall.
Not really. The proof of that is how many are offered at that price and how many are actually sold. Based on what I've seen on Ebay there isn't a lot of demand for the coins at this price. They don't get swapped up as soon as they are offered and given the potential for an ever increasing supply I won't buy one at these prices with anything other then funds I don't care about recouping down the road.
cosmicdebris
Ruler Of Britannia
Posts: 9211
Joined: Apr 2001
Thursday June 19, 2003 5:22 PM (NEW!)
Supply and dumbmand
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Bill
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Self indulgent ego stroking
Goetz
<< <i>
Not really. The proof of that is how many are offered at that price and how many are actually sold. Based on what I've seen on Ebay there isn't a lot of demand for the coins at this price. They don't get swapped up as soon as they are offered and given the potential for an ever increasing supply I won't buy one at these prices with anything other then funds I don't care about recouping down the road. >>
If supply and demand are not setting these prices, what is?
Negotiations. It's a subtle difference, but a huge one.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
this ain't rocket science. when nobody is willing to pay that price for a coin that they want, guess what will happen?? that crazy supply and demand function will move the cost in the other direction.
al h.
One hundred years from now, tell me if I'm wrong or not.
John
My eBay About Me page DenverCoin on eBay
My guess is that many are like some of my fellow collectors I know that bought this set when issued. They are just holding onto this coin because they only have $30 in it (as a % of the 1995 set) and don't have inertia to sell.
If even 10,000 of these hit the market at the same time, what would happen?
NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.
Type collector since 1981
Current focus 1855 date type set
And if I remember correctly sales for this years gold proof sets were not up very much,
so this would seem to indicate that large numbers were not bought for the silver.
to my knowledge the SAE is the most collected coin - behind only the state quarter recently.
2 Cam-Slams!
1 Russ POTD!
2 Cam-Slams!
1 Russ POTD!
i'm looking at an April 11th grey sheet and it lists the 1995-W silver eagle at $1850 bid and $1950 ask. the gold year set lists at $2725 bid and $2825 ask, so the 4 pcs. of gold should be $875. ironically, a 1995 gold year 4 pc. set is listed at $945 bid and $985 ask which doesn't make sense to me. evidently what you pay a premium for when looking at those numbers is the 4 coin set complete and not the 4 coin set in the 5 coin box with an empty hole!!!
i'm kinda glad i don't collect gold eagles or silver proofs, though i do wish i had that 195-W Anniversary Set.
al h.