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1995-W $1 PCGS PR70 DCAM SETS NEW WORLD RECORD SELLING FOR $90,000
joebb21
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Im sure the modern experts can clarify, but I believe pcgs has certified apx 10 new 70's over the last 3 months.
LINK
"Westminster Mint of Plymouth, Minn., reported Aug. 21 that it has sold a Professional Coin Grading Service Proof-70 Deep Cameo 1995-W American silver Eagle for a world record price of $90,000.
The previous record of $86,654.70 occurred on March 31 when a collector outbid 21 others in an online auction conducted by GreatCollections.
“To set a new record price so soon after the previous record shows the current strength of the market for high-end collector coins and the desirability of this coin,” said Stephen Pfeil, vice president of Westminster Mint, a nationwide supplier of rare coins and gold and silver bullion.
The sale was made through the Madison, Wis., branch office of Westminster Mint to a private collector seeking to complete his collection of PCGS certified American silver Eagles.
“Our buyer now has a world-class coin collection,” Pfeil said.
Former U.S. Mint Chief Engraver and creator of the reverse design of the American Silver Eagle bullion coins John Mercanti calls it “King of the Silver Eagles” in his book American Silver Eagles. The coin is ranked No. 4 in the 100 Greatest U.S. Modern Coins.
The 1995-W is the ultimate key to the series with the lowest mintage and is notorious for imperfections, explaining the low percentage graded at the perfect Proof-70 DCAM grade. Only 17 coins have been certified perfect Proof -70 DCAM by PCGS.
American silver Eagle coins have been issued annually since 1986. They are collected by date, mintmark, condition and rarity. The Proof 1995-W American silver Eagle is the key coin in the series because it was available only in a five-coin 10th Anniversary set. The set also included Proof 1995-W 1-ounce, half-ounce, quarter-ounce and tenth-ounce American Gold Eagles.
The 10th Anniversary five-piece set was offered toward the end of the year when many people had already made their American silver Eagle purchases for the year – 438,511 regular issue Proof coins struck at Philadelphia were sold in 1995 for $23 each. The five-piece sets were offered for $999.
The U.S. Mint had set a limit of 45,000 10th Anniversary sets, but the final number sold was 30,125 sets. These coins were the first American silver Eagle coins produced with a “W” for West Point mintmark. Their final mintage of just 31,125 coins dwarfs any other coins in the series. Despite their high offer price, many of the 30,125 coins produced were weakly struck or have other issues that prevent them from being certified in the highest numismatic grades of Proof-69 and Proof-70.
This is why only 17 coins have ever been certified in the highest numismatic grade of Proof-70 Deep Cameo by PCGS. "
LINK
"Westminster Mint of Plymouth, Minn., reported Aug. 21 that it has sold a Professional Coin Grading Service Proof-70 Deep Cameo 1995-W American silver Eagle for a world record price of $90,000.
The previous record of $86,654.70 occurred on March 31 when a collector outbid 21 others in an online auction conducted by GreatCollections.
“To set a new record price so soon after the previous record shows the current strength of the market for high-end collector coins and the desirability of this coin,” said Stephen Pfeil, vice president of Westminster Mint, a nationwide supplier of rare coins and gold and silver bullion.
The sale was made through the Madison, Wis., branch office of Westminster Mint to a private collector seeking to complete his collection of PCGS certified American silver Eagles.
“Our buyer now has a world-class coin collection,” Pfeil said.
Former U.S. Mint Chief Engraver and creator of the reverse design of the American Silver Eagle bullion coins John Mercanti calls it “King of the Silver Eagles” in his book American Silver Eagles. The coin is ranked No. 4 in the 100 Greatest U.S. Modern Coins.
The 1995-W is the ultimate key to the series with the lowest mintage and is notorious for imperfections, explaining the low percentage graded at the perfect Proof-70 DCAM grade. Only 17 coins have been certified perfect Proof -70 DCAM by PCGS.
American silver Eagle coins have been issued annually since 1986. They are collected by date, mintmark, condition and rarity. The Proof 1995-W American silver Eagle is the key coin in the series because it was available only in a five-coin 10th Anniversary set. The set also included Proof 1995-W 1-ounce, half-ounce, quarter-ounce and tenth-ounce American Gold Eagles.
The 10th Anniversary five-piece set was offered toward the end of the year when many people had already made their American silver Eagle purchases for the year – 438,511 regular issue Proof coins struck at Philadelphia were sold in 1995 for $23 each. The five-piece sets were offered for $999.
The U.S. Mint had set a limit of 45,000 10th Anniversary sets, but the final number sold was 30,125 sets. These coins were the first American silver Eagle coins produced with a “W” for West Point mintmark. Their final mintage of just 31,125 coins dwarfs any other coins in the series. Despite their high offer price, many of the 30,125 coins produced were weakly struck or have other issues that prevent them from being certified in the highest numismatic grades of Proof-69 and Proof-70.
This is why only 17 coins have ever been certified in the highest numismatic grade of Proof-70 Deep Cameo by PCGS. "
may the fonz be with you...always...
0
Comments
-Paul
<< <i>I would wager this guy is also going to set the record for the most money lost on a 1995-W ASE when he sells it.
-Paul >>
lol
.
<< <i>
<< <i>I would wager this guy is also going to set the record for the most money lost on a 1995-W ASE when he sells it.
-Paul >>
lol
. >>
spotting in 3....2....1
Wondercoin
P.S. OP... I believe the (10) new examples took place over the past 9 months, not 3. Before that, (7) examples in about (17) years.
A great coin, until this occurs, ouchie
Member ANA, SPMC, SCNA, FUN, CONECA
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
<< <i>Our buyer now has a world-class coin collection,” Pfeil said.
Move aside Legend collection!
<< <i>I would call it a waste of money, except in a few more years it will probably be worth even more
And that's the bottom line. Seems nuts even to a moderns person like me. Regardless, something is worth what u can get for it. Barring more 70s showing up it may well bring more in a few years.
id history: 104 bids (view)
Time left: Ended (Sun, Mar 31, 2013 06:58:08 PM Pacific Time)
Winning bidder: bidder 21
Winning bid: $78,777.00 ($86,654.70 with Buyer's Fee)
Link a doodle here
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CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC
.
CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC
And someone needs to define "world class collection"
Eric
They still in operation ?
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Just...wow.
The name is LEE!
<< <i>How much would a single perfect, unspotted PCGS Proof-70 Deep Cameo 1995-W American Silver Eagle be worth if the other nine developed nasty spots???
It's like Russian roulette!
Box of 20
Box of 20
I decided to just collect the NGC 70s special anniversary issues from 2006, 2011, 2012, 2013. Since the investment is somewhat minimal.
Good luck with that 90K coin. I wouldn't live with it because the spotting guarantee is now gone.
Box of 20
The dumbest is when I passed up $25K for the first one when I decided to keep it, and lost $2K on the second when the platinum market tanked and nobody wanted it.
As they say in France. *$&@#&$&! And in German: *#&$_!* And in Spanish .... I'll get banned. Nevermind.
Coin Rarities Online
So, any spec what this buyer might be thinking and why?
Eric
Experience the World through Numismatics...it's more than you can imagine.
<< <i>I wonder if the coin was sealed in a vacuum if it would spot. >>
No no, the bidder is in there
Eric
<< <i>I wonder if the coin was sealed in a vacuum if it would spot. >>
Oreck or Kirby?
There's something ominous about TDN jumping into threads on modern crap. Not sure what, exactly, but it can't be good.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
If I wanted to speculate and had a bunch of mad money, I would buy 20 or so 69s and keep submitting until they hit the perfect number, but they would probably have to be cracked out.
Considering that 9 out of 10 69's probably have obvious flaws that preclude a grade of 70, it seems like you could make this a viable plan, simply by pre-screening the coins.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>I wonder if the coin was sealed in a vacuum if it would spot. >>
I was thinking the same thing. For a $90k coin that could "turn" at any time, I wonder what kind of special storage could be done for it? The whole thing sounds silly to me.....
<< <i>You can get some pretty nice coins for 90 big ones. >>
I'd rather drop $75k (guidebook value) on this one, buy some new golf clubs and tour several Scottish links for several weeks.
Hello,
Not all SDB are created equal. That environment might be geared toward paper and not have the RH that is best for coins. Getting a climate controlled (temp and RH) storage area is best - especially for things like slides, film (nitrate), photographic prints and so on. It is up to the collector to know what not to store together.
Eric
<< <i>Probably most all of all the high risk coins need to get packed in desiccant, I'm not sure how climate controlled a safe deposit box in a bank is, probably good enough with a few packs of desiccant added, but then maybe 0% humidity could theoretically present a problem. Insured against spotting by Hugh Wood? >>
I've had PCGS MS/PF70 AGE and ASEs spot in a climate controlled vault inside of Intercept Shield boxes.