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Supply and demand continue to drive up prices

Supply and demand continue to drive up prices

The 1995-W Silver Eagle 10e Jubilee coin, often considered the most important date of the series, once made headlines for its astonishing auction prices.

According to Ron Guth, a coin expert with the Professional Coin Grading Service (PCGS), “The first of these headlines came in early 2013, when a PCGS PR70DCAM sold for $86,655 at a Great Collections auction. Later that year, a second PCGS PR70DCAM sold for $55,550.”

As the population of these high-value coins increased, prices began to steadily decline. Guth explains, “If you look at auction price records for this date, every new sale was selling for less than the last, without exception.” In 2017, the price finally stabilized in the $15,000 to $16,000 range, which, while down from its peak, remains an impressive valuation for a Silver Eagle.

Guth emphasizes the fundamental economic principle at play here: “The laws of supply and demand are immutable – if supply increases and demand remains the same, the price must go down. Conversely, if demand increases and supply remains the same, the price must go up.” He notes that the supply of PCGS PR70DCAM 1995-W Eagles will likely increase over time, albeit slowly, and hopes that demand will increase at a similar rate.

He added that the story of the 1995-W Silver Eagle serves as a reminder of the powerful forces of supply and demand in the numismatic market. Great Collections Auction has one in its current auction that, with five days to go before the live auction (July 2), had collected 43 bids, totaling US$10,500.