1995 W Silver Eagle VS 1998 Kennedy half SMS

dlimb2

Ok there are 30 Thousand 1995 W Silver Eagles: There are 62 Thousand 1998 Kennedy Half Dollars SMS:

Price of 1995 W Silver Eagle... $6750.00 in PR69 Price of 1998 Kennedy Half Dollar SMS...$335.00 in MS69


Now I know both are highly collected...what I don't understand is the difference in the spread of the prices for each.

Since the 95 W Silver Eagle has 1/2 the number of coins minted it should be doubled the price of the 1998 Kennedy half with the mintage twice that of the 95 W Silver Eagle making its price range of $3000.00.

My question is why is the 95 W Silver Eagle at $6750 and the 1998 Kennedy Half Dollar SMS sitting at a puny $335.00....wouldn't $3000.00 be more like it considering the mintage?


Both are KEYS to thier Set.

LincolnCentMan

Supply and DEMAND.

It's inconsiquential since it doesnt affect the meaning of your post, but you probably ment to say PR69 on the Silver Eagles, not MS69.

David

TwoSides2aCoin

well first of all.... There is NO comparison.

The SMS clad coin would never go into a 10 yr GOLD anniversary set. However, a SILVER PROOF minted at WEST POINT just might, and did.... The gold has held it's own, but that Silver Eagle Proof has WINGS and that Kennedy Half has copper and nickel. I hope that might shed light on why the mintage numbers are not as relevant in your scenario.

ldhair

The 95W is a proof and is needed to complete basically a short set.
Just one thought.

Bochiman

there are more than 30,000 collectors for the SAEs.....they want to find something and I am sure the lower grades are driven up as well, so the PR69 reflects that as it is driven up even more.....Kennedy collectors can easily find more than 30,000 pieces for them (just not in MS69)
Besides, SAE collectors are more highbrow than kennedy collectors (ducking from Russ)

TAClough

<< <i>The SMS clad coin would never go into a 10 yr GOLD anniversary set. However, a SILVER PROOF minted at WEST POINT just might, and did.... The gold has held it's own, but that Silver Eagle Proof has WINGS and that Kennedy Half has copper and nickel. I hope that might shed light on why the mintage numbers are not as relevant in your scenario. >>



The Kennedy in question is silver, not copper and nickel.

Gemineye

<< <i>Besides, SAE collectors are more highbrow than kennedy collectors (ducking from Russ) >>


Intersting comment......
Would a SAE collector collect a kennedy or would a Kennedy collector collect a SAE......???

rich

Mintage,demand, or date, alone does not guarantee value.At one time EVERYBODY was saving the 1976 Bientennial drummer quarters.Most people believed they were going to be (rare)worth a lot $$$ 20 years from then.
30 years later uncirc sells for about 30 cents
I would not buy that overpriced 95W eagle.It's sure to come down in price over time.

TwoSides2aCoin

<< <i>

<< <i>The SMS clad coin would never go into a 10 yr GOLD anniversary set. However, a SILVER PROOF minted at WEST POINT just might, and did.... The gold has held it's own, but that Silver Eagle Proof has WINGS and that Kennedy Half has copper and nickel. I hope that might shed light on why the mintage numbers are not as relevant in your scenario. >>



The Kennedy in question is silver, not copper and nickel. >>



thanks Tim... I learned something ... Woo wooo.. I owe ya one !

dlimb2

You also have to remember that the 1998 Kennedy half SMS is key to the Kennedy set and is a Commemorative as well!

TAClough

dlimb2,

As someone here has all ready said, it is based on "supply vs. demand". Just check out the PCGS registry; How many collections of Silver Eagles? vs. How many collections of Kennedys? Bare in mind that the 98S SMS Kennedy is only reguired in the Complete Set (not the variety set).

Yes, we have both sets in the registry.

HighRelief

The price difference would be that the 1995-W is a much more popular coin and is needed to complete the set. Kennedy's are nice, but everyone and their mother has one.

Take the 1916 SLQ with 52,000 coins minted with a PCGS price tag of $17,500 in MS60.

Then take the 1909-D Saint with 52,500 coins minted with a PCGS price tag of only $1,800 in MS60.

You would think that the graded PCGS population on the 1916 SLQ would be much less than the 1909-D? Actually it is not, the 1916 SLQ is showing 1,127 graded in all grades(including FH)while the 1909-D is showing only 564.

Is this showing me that the 1916 SLQ is more popular? I would say yes.

dlimb2

I think you are right about the supply and demand at this present time...I also think that the Kennedy has gone on for so many years that many collectors have forgotten about their Kennedy collection...but I do think that when and if they stop minting the Kennedy a new interest will cause this coin to sky rocket as people will try to complete their sets....so right now I think the coin is just levitating.

Gemineye

<< <i>so right now I think the coin is just levitating. >>


I think your correct...The coin will slowly inch it's way along in price and then all of a sudden someone will say "How did we miss this "..??

kranky

I think another reason is that the 1995-W ASE is needed for a complete date/mint set. The 1998-S SMS Kennedy is not, as you can get a 1998-S half in the regular or silver proof sets of that year.

dlimb2

kranky, you can also get a 1995 Proof Silver Eagle minted with a P...so no that won't work...You would still need the coin to complete the set...weather it be The Silver Eagle or the Kennedy...two coins were minted in both series...The Silver Ealge P and W the Kennedy S and S Matte.

LanLord

<< <i>I think another reason is that the 1995-W ASE is needed for a complete date/mint set. The 1998-S SMS Kennedy is not, as you can get a 1998-S half in the regular or silver proof sets of that year. >>

This was my thought as well, the only difference is the surface of the matte being different than the PROOF.

Gemineye

<< <i>I think another reason is that the 1995-W ASE is needed for a complete date/mint set. The 1998-S SMS Kennedy is not, as you can get a 1998-S half in the regular or silver proof sets of that year. >>


The 1998 SMS is a silver special issue Matte finish half dollar....It came in a set with a Silver Dollar of Robert Kennedy.

kiyote

<< <i>kranky, you can also get a 1995 Proof Silver Eagle minted with a P...so no that won't work...You would still need the coin to complete the set...weather it be The Silver Eagle or the Kennedy...two coins were minted in both series...The Silver Ealge P and W the Kennedy S and S Matte. >>



I dunno about the Dansco albums, but my Capital Plastics multi-coin Kennedy holder has a hole for the SMS 1998 Kennedy.

kranky

<< <i>kranky, you can also get a 1995 Proof Silver Eagle minted with a P...so no that won't work...You would still need the coin to complete the set...weather it be The Silver Eagle or the Kennedy...two coins were minted in both series...The Silver Ealge P and W the Kennedy S and S Matte. >>



I have to disagree. The Matte Kennedy is not the only option for a complete date and mint set, as the other versions of the 1998-S Kennedy will suffice. But the 1995-W ASE is needed for a complete date/mint set.

Of course, people will define a "complete set" in different ways, and for people who want one of everything they need both coins. But date and mint is a very common way people do sets, and that works against the Matte Kennedy. The fact that the same 1998-S coin can be obtained without the matte finish is what I think keeps the demand down.

19Lyds

<< <i>dlimb2,

As someone here has all ready said, it is based on "supply vs. demand". Just check out the PCGS registry; How many collections of Silver Eagles? vs. How many collections of Kennedys? Bare in mind that the 98S SMS Kennedy is only reguired in the Complete Set (not the variety set).

Yes, we have both sets in the registry. >>



It is required in the Variety Set as well. Recheck the Set Composition.

cladking

This kind of "discrepancy" is the best way to understand relative demand
between different series and coins. The simple fact is that there is much
greater demand for the eagle relative to supply than there is for the Kennedy.
This would imply that there are a lot more eagle collectors than Kennedy col-
lectors.

My opinion is that the half dollar is relatively underpriced since it's part of a
regular circulating series and is likely to close this gap somewhat in the long
run.

19Lyds

I would like to add that the Eagle Set is a much smaller and younger set than the Kennedies and High grades are more common in the Eagles than the Kennedies. This makes the set more affordable and attainable to some over the Kennedies. This feeds the demand.

TheRaven

How many of these 95-W Eagles are locked away in sets of investors or other people that don't really know what they have there cutting down on the supply.....

The 98 Kennedy does not have this problem, plus I question if there are even 50,000 serious Kennedy collectors, I am sure there are alot of Kennedy collectors that have the 98 matte written off as something that is two much money for them.....

Whereas the Eagle at the current price is held by serious collectors and/or investors watching it rise in price just smiling.....

Steve27

"Since the 95 W Silver Eagle has 1/2 the number of coins minted it should be doubled the price of the 1998 Kennedy half with the mintage twice that of the 95 W Silver Eagle making its price range of $3000.00."

What? I think your math is little off (i.e. 2 x 300 is 600 not 3000).

As has been said, it's supply and demand.

dlimb2

No Steve...6750/2=3375.00

TAClough

<< <i>It is required in the Variety Set as well. Recheck the Set Composition. >>



My mistake, I meant the "Basic Set".