2006-06-26 09:14:09 · 4 answers · asked by Anonymous in Games & Recreation ➔ Hobbies & Crafts
Hi. I'm a coin dealer in the Midwest. The thing with Proof coins, as opposed to the regular uncirculated ones, is that they are usually made in far fewer numbers. With an ongoing series like the Silver Eagles, most collectors want to put together a complete run of them starting with the first issues back in 1986. Therefore, they will look for the older coins, and this puts more demand pressure on the remaining supply; thus, the prices increase.
The other thing that affects the price is how many were issued to begin with...that's why some dates are considerably higher than others. Sometimes for one reason or another a particular date ends up being significantly lower mintage than another...production problems at the Mint, equipment problems, or they could be producing another coin in quantity which leaves them less time to do the Eagles... various things like this will impact how many coins end up being struck. The less made, the scarcer the item...and the higher the price!
Hope this info helped a little.
2006-06-27 03:52:46 · answer #1 · answered by answerman63 5 · 3⤊ 0⤋
It depends on how many were minted that year. If they only produce 10,000, it would be more expensive to buy than one they minted 100,000 of. Plus, the condition of the coin always matters. Another thing, they fluctuate with the silver prices, so keep your eye on silver and when it's low, buy your eagles, and when it's high, wait, cause it will go back down. Good Luck!
2006-06-26 18:01:26 · answer #2 · answered by biggupp (דוד) 5 · 0⤊ 0⤋
mostly scarcity by grade (BU, almost Unc, etc), but also by popularity
2006-06-26 16:17:36 · answer #3 · answered by JLT 2 · 0⤊ 0⤋
Same as with everything eles...supply and demand.
2006-06-26 16:17:08 · answer #4 · answered by Jenny A 6 · 0⤊ 0⤋