Supply and demand continues to drive prices

The 1995-W Silver Eagle 10th anniversary coin,  often regarded as the key date of the series, once made headlines with its astounding auction prices.

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

As the population of these high-grade coins expanded, the prices began to steadily decline. Guth explains, “If one looks at the auction price records for this date, every new sale sold for less than the previous one—without exception.” By 2017, the price finally stabilized in the U$15,000 to $16,000 range, which, while lower than its peak, remains an impressive valuation for a Silver Eagle.

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

He added 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 sale which, with five days left to the live auction (July 2), had garnered 43 bids, totalling U$10,500.

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