Key Dates & Rarities: 1995-W Proof American Silver Eagle | Silver Coins

Key Dates & Rarities: 1995-W Proof American Silver Eagle

The 1995-W Proof American Silver Eagle remains the undisputed important date of the popular series and has come to represent one particular of the most coveted modern rarities. The concern was produced to celebrate the 10th anniversary of the American Eagle plan and only included inside a specific set containing four larger priced gold coins. The unusual situations of the distribution led to low sales and the extremely limited mintage of just 30,125 pieces.

The American Silver Eagle was originally authorized under the Liberty Coin Act, which became Public Law No. 99-61 with President Ronald Reagan’s signature on July 9, 1985. The law offered for coins to be minted and issued with a diameter of 40.six mm, weight of 31.103 grams (one troy ounce), and composition of 99.9% fine silver. The initial supply for the silver would be the Defense National Stockpile. The authorizing legislation specified that obverse design and style was to be symbolic of Liberty, whilst the reverse design and style was to carry an eagle.

When the series launched in late 1986, the obverse featured Adolph A. Weinman’s Walking Liberty design and style, which had appeared on the circulating half dollar issued from 1916 to 1947. The reverse design and style would function a heraldic eagle developed by John Mercanti, who would later be appointed Chief Engraver of the United States Mint. The coins had been supplied in bullion format and distributed by way of a network of authorized purchasers with the pricing determined based on the industry value of silver plus a fixed mark up. Numismatic versions of the coins were also provided, which for the initial years of the series consisted of an annual proof coin struck at either the San Francisco or Philadelphia Mint.

1995 W Proof Silver Eagle

The American Eagle System entered its tenth year in 1995 and represented an occasion for celebration for the United States Mint. Given that the introduction in 1986, far more than 50 million Silver Eagle bullion coins had been sold, and Gold Eagle bullion sales accounted for nearly 6 million ounces. Numismatic offerings had also confirmed very well-known with collectors, with the annual offerings typically like an individual Proof Silver Eagle and 4 distinct sized Proof Gold Eagles.

For 1995, the US Mint presented the normal numismatic solution offerings which includes the individual 1995 Proof Silver Eagle struck at the Philadelphia Mint and carrying the “P” mint mark and four different 1995 Proof Gold Eagles with each and every coin struck at the West point Mint and carrying the “W” mint mark. A unique 10th Anniversary Set was also announced for availability in the Fall of 1995. This set would contain all 5 Proof American Eagle coins struck at the West Point Mint and carrying the “W” mint mark. While the Proof Gold Eagles were the identical as accessible individually or within the 4 coin set, the Proof Silver Eagle with the “W” mint mark was only available within the specific set. The price for the five-coin anniversary set was the identical $ 999 charged for the typical four-coin set as a way of thanking customers for their support of the program.

The anniversary set carried a mintage limit of 45,000 sets, but in the end only 30,125 sets had been sold. By consequence, the 1995-W Proof Silver Eagle had a total mintage of only 30,125 and became the new key date rarity of the series by a wide margin. The earlier low mintage individual proof Silver Eagle had been 372,168 pieces for 1994.

Compared to other Proof Silver Eagles, the 1995-W Proof Silver Eagle has a comparatively low certified population, which is not surprising provided its low mintage. With such a modern day issue it can normally be assumed that the majority of examples struck nevertheless survive, although not all are in pristine situation.

The majority of the examples certified by the major grading solutions fall into the category of close to perfection, with a steep drop off at the highest grade level. The Numismatic Guaranty Corporation or NGC has graded practically 4,000 examples of the coin, with far more than 3,000 getting the grade of PF 69 Ultra Cameo. The number of coins getting the highest grade of PF 70 Ultra Cameo is just over 300 pieces. The Professional Coin Grading Service or PCGS has graded about two,500 examples  with much more than 1,600 getting the grade of PR69DCAM and just over a dozen pieces grading PR70DCAM. It need to be noted that the figures for Proof-69 graded examples from each services no doubt contain some resubmissions in hopes of attaining the elusive Proof-70 grade.

Raw examples of the 1995-W Proof Silver Eagle with no apparent troubles could command rates of around $ three,000. Certified examples in the near best grade of PCGS PR69DCAM or NGC PF 69 Ultra Cameo could command rates slightly larger, particularly for the PCGS graded coins. The recognition of Registry Set collecting has served to improve the desirability and price tag levels for the modest number of coins getting the highest grade.

Examples of the 1995-W Proof American Silver Eagle graded NGC PF 70 Ultra Cameo have lately realized prices of $ 15,000 or far more. In a standard year, numerous examples graded as such may possibly be supplied at public auction. Examples graded PCGS PR70DCAM are considerably much less frequently encountered and command considerably higher prices. In 2010, an instance graded as such realized a record price of $ 40,000. This record was shattered on March 31, 2013, when an additional instance realized the astounding value of $ 86,654.70. This represented the highest price tag paid for any American Silver Eagle and solidified the value of this contemporary crucial date rarity.

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