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Replies: 14 / Views: 2,028 |
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New Member
United States
28 Posts |
Can someone explain to me why the 1995 10th anniversary silver American Eagle is worth more than say the Jefferson Gold 1st Spouse Proof Coin?
I know the 1995 was the lowest circulated of the Eagles (a little of 30,000) but the 1st spouse is limited to 40,000 between the proofs and uncirculated which means 20,000 each which is lower.
Gold as a raw material is worth about 50x the price of silver so I am really wondering why the discrepancy.
Is the reason due to collectors finding the Eagles more desirable and in an attempt to complete sets, paying high premiums on this coin while the 1st Spouses have not been so hot with a lot of supply out there.
One of the reason I am asking is I am considering purchasing the Jackson Liberty next month but with gold going through the roof, I know for me personally, it will be an enjoyable collectible but also would like the peace of mind that the coin will appreciate over time.
Quite honestly, the only 1st Spouse Coins I'm even interested in are Washington, Adams, Madison plus the Liberties but might take a pass on the Van Buren. Maybe Lincoln, Jackie O', and a few other notables down the road.
I'd appreciate other viewpoints from others.
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Valued Member
United States
201 Posts |
I would imagine it as an issue of supply vs demand. Demand for ASE's are high, demand for gold spouses in almost non-existant. :)
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New Member
United States
8 Posts |
Steamwalker has it dead on. Look at how many people collect silver eagles as compared to the half spouse coins.
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Pillar of the Community
United States
2443 Posts |
Steamwalker has it right on the nose. Plus it also helps that you could only get it if you ordered the coin set and it's the first ASE with the W mintmark.
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Pillar of the Community
United States
6326 Posts |
What was the "list price" for the 1995 W ASE?....(set) What was the "list price" for the 2007 Gold Dolley Madison Spouse coin ? There's part of it too... Gold has risen about as much as that ASE since 1995......but you know, some collectors like gold, certainly, but the ratio to "gold" coin collectors versus "silver and/or Classic" coins, would probably be 10,000 to 5........it just IS !! No matter the mintage or even the price, gold is in much much fewer collections......and certainly the new Ultra Modern Gold would be secondary to Classic Gold in desirability by most collectors "polled" I presume too.
Edited by eaglefoot 07/10/2008 08:32 am
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Pillar of the Community
United States
1121 Posts |
I agree with Steamwalker...basic modern economics.
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Pillar of the Community
United States
1130 Posts |
30,000 seems like a lot considering that none entered circulation and near 100% survival rate.
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Bedrock of the Community
United States
12437 Posts |
There were ~30,000 1995 W proof Silver Eagles minted but the problem with this is that most of them are not available as single coins so the demand continually exceeds supply. The Silver Eagle was a "bonus" in the 10th Anniversary Eagle set that included the four gold sizes. The sets were purchased for the gold, not the Silver Eagle. Because of this, a large portion of the supply is locked into sets that are not going to be broken up by their owners. Even though the available number of individuals may be 10-20,000 it is the single hardest-to-get coin to truly complete a set of Silver American Eagles. This phenomenon is also seen with the 2006 reverse proofs. Much higher mintage but many of them are locked in sets too, driving up the price of available singles. The Gold Spouse series is an abomination that should never have been approved, but that is what happens when Congress is responsible for creating the nation's coinage programs. The public demand of these coins is about nil. Yes, the first few sold out but that had alot to do with major dealers buying up supplies. Some of those same dealers are now realizing that they cannot unload them on collectors at inflated prices so they are cutting their losses and melting them for scrap gold 1995 W- true modern rarity(not to be confused with classic rarity  ) and highly sought after 1st Spouse gold- nothing more than lipstick on a pig and is treated as such
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Valued Member
United States
311 Posts |
Just ask any hearse owner... rarity does not always equal value! ;) i mean, I might be willing to buy a first spouse coin at melt, but only because it's guaranteed purity and weight... that's all they have going for them, as far as I'm concerned.
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New Member
United States
5 Posts |
I would beg to differ if the coin community looks at the first spouse coins they have a few things going for them
1st time the mint did a 99.99 1/2 ounce coin limited production each around 20,000 then look at silver eagle millions made each year the only difference is the date changes and production runs besides proof or uncirculated if you buy a regular proof without grading it what have you got 5 years later will you get your money back maybe, maybe not remember I am not including rare odditites 07 reverse of 95 proof it would be like x-men 94 verses a newer one If you collect for fun thats ok If you collect for value not so good I think when the spouse coins get seriously looked at the value will be seen I think the economy has hindered there reception people spend extra money whose got the money to throw around nobody I know
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Valued Member
United States
201 Posts |
I think the whole thing is doomed to fail. Who but the wealthiest and richest collectors will spend around $20,000 to complete a First Spouse set? It doesn't really appeal to those just looking for a few gold coins, but those looking for all of them. And, correct me if I am wrong, but these are not technically gold bullion coins (like the American Buffalo or American Gold Eagle) so it won't really appeal to those who collect gold bullion. Regardless of the numbers minted, it's irrelevent if they don't all sell. The value will only go up when the demand exceeds the supply of the coins (or gold goes up considerably).
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Pillar of the Community
United States
4541 Posts |
30,000 1995 ASE's Times 100,000 buyers ='s high price
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Valued Member
United States
130 Posts |
I have the gold coins with the obverse of an early american coin and intend to buy them when they echo earlier coins - based on "Liberty", they are beautiful. The first spouse coins depicting a spouse leave me cold (my opinion only - others may love them and I respect that). Silver Eagles of any type turn me on so I buy them. Point is, what do you like? Go for that :)
Edited by MLFLY 07/12/2008 10:42 pm
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Bedrock of the Community
United States
14454 Posts |
Quote: What was the "list price" for the 1995 W ASE?....(set) If I am not mistaken my Grandfather said he paid $1100.00 (or $1400.00) for the set that he gave me with the 1995 Silver Eagle and the Gold coins in it together from the mint in 1995. The only way to get this one coin was in the set with the gold coins so that is why its so expensive, allot more people collect silver eagles than they do gold eagles and when they put this one silver eagle in the set with the gold eagles I am sure people said well that one coin won't matter only to find out later through the years it mattered allot and their collection is incomplete unless they have that one coin. Basically you could have bought the whole set and either sold the Silver Eagle and got the Gold Free or sold the Gold and got the Silver Eagle free
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Pillar of the Community
United States
1121 Posts |
The 1995 W ASE would go in my Collection first. For some of the reasons posted above, but mainly I just love the beauty of the coin. Esp. compared to the Golden Spouse. Just my opinion.
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Replies: 14 / Views: 2,028 |
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