I understand the technical details of a reverse proof is but I don’t understand is how they were released was it only a couple to some random people is it only to dealers I just don’t understand how a silver coin that’s modern it be worth so much I get it with a 1995W‘s but as for these reverse proof’s I don’t know the whole story
Like most things, it's really just supply and demand. It sounds like you understand how proofs were traditionally brightly polished, well-struck coins. Then they discovered a way to frost the devices and leave only the fields bright. Then they thought, "why not frost the fields and leave the devices bright?", and the reverse-proof was born. What's confusing you is the way they were distributed. Some were sold outright, some were included as a bonus coin with the purchase of a proof set or mint set. Some were sold paired with another collectible coin. Generally, they were all available to the public in one way or another if you knew where to look. Some were struck in small numbers, some slipped under the radar, others just weren't especially popular, so later on they were perceived to be scarce and desirable, and we see higher prices today.
Supply and Demand like @LakeEffect said. 2019S Enhanced Reverse Proof - 29,803 mintage 2019W Reverse Proof - 383,590 mintage
Since all of the insides will have it set up to get all the new stuff ASAP than any of the regular collectors of today. So, a long time ago, I stopped buying anything from the mint. If you wait, sometimes you can later go tower price if you just have to have them. Now I show be getting rid of all my collections and place that money into investments for all my kids and their kids. But I am still connected to it all and enjoy sometimes bringing them out to remember how I came among them. Some go back to when I was Boy Scout.
No not at all. When they came up with the idea of making reverse Proofs they simply offered them for sale, to anybody and everybody, just like they do with all other collector coins. As for value, again it's just like it is with other collector coins they issue, it's people's perceptions more than anything else, usually based on how many they end up selling. And the number they end up selling is usually determined by how well people like them, and or don't like them. If a lot of people really like them then a lot of them end up getting sold. If hardly anybody likes them then only a few end up getting sold. With collector coins, all collector coins, the final mintage number isn't determined like it is with say business strikes. With business strikes they mint a given number of coins, release/publish that number at the end of the year and that's the mintage number. With collector coins the final mintage number is determined by the number of coins sold. And if that number ends up being low for a specific issue then some people think that makes them more valuable than those with higher final mintage numbers. And of course there's other things in play as well. For example, people like to gamble, some will gamble on almost anything. So when a new collector coin is announced some folks will begin to hype it up, and the mint will hype it up as well - before it's ever offered for sale. And if it ends up being a sellout then it's hyped up even more on the secondary market and some folks will begin to pay ridiculous prices for them. Thinking they can sell them to the next person for even more profit. But what the folks playing this game seem to forget is that sellouts often mean there's a whole lot of those coins out there. And of course the more there is out there means the more common they are. So after a few years reality sets in and values drop, sometimes even to a point lower than what issue price was from the mint. This scenario has been played out over and over again with collector coins - for decades. And it typically plays out the same way. There are of course some exceptions, but they are few in number if you actually count them up. But it is these exceptions that fuel the beginning fires with new issues, with everybody hoping, everybody gambling, that this new issue will be the next exception. Of course it rarely is, but the game gets played out anyway because like I said, people like to gamble. So there's always players to be played and money to be made.
I have to assume this must be in reference to the 2019 S enhanced reverse proof Silver Eagle. nothing else was that crazy. they were a mintage of 30,000, they sold, according to records, 29,803 of them. and considered sold out (i'd assume the remaining are damaged returned product), That took about 10 minutes to happen on the mints website. it was $64.95 each, Household limit of 1 per. It was first come first serve, dealers and everyone else, get the order completed before it sold out and fight their sever crashes, it was quite literally, random chance to get an order placed for the lucky ones than managed to get it done. This is the item that got them into the allocation of a percentage of the mintage to the preferred dealers to take them out of the "sale day rush", probably also the first time they realized bots and scripts were crashing their site for sales too. the item was that hot, and released Nov. 14th, just in time for Christmas shopping season for the loved coin collector... a great gift.... The 2019-W Enhanced Reverse Proof silver eagle in the Pride of Two Nations set is a mintage of 110,000. This is still very reasonably close to the issued price, and visually just about the same thing as the S mintmark one. it's worth so much because even now, it's still in high demand. Heck similar situation with the 2020W V75 proof eagle, mintage 75,000, sold 74,742, Issued price was $83.00, It sells for $300 up to $375 ungraded. I've seen closed shipping boxes sell for above $400 while a graded PR69 sell for less than $300 to right around the ungraded price of $350 or so. So, I won on getting the 2019 S ERP, and on getting the 2020 W V75, and it was a fight to get the orders completed, no joke about that. I broke about even on the Pride of Two Nations set, and now the 2021 Silver eagles Reverse Proof designers edition set with the two types of silver eagles, which both sell for right around issue price. I'm not in it for the money, I've never sold a coin from my collection, but it's nice to know a couple items have value and that they all weren't losing or break even purchases. I have hope the 2021 Reverse proof designers eagle set will one day realize a better value, I have hopes as the new design continues onward, that first RP eagle of the new design might be seen as "clutch" to a set and in short supply for the amount of collectors looking to have a set. But that's "down the road" from now quite a ways and pure speculation. I dont' think the 2019S is going any lower than it is now, I don't think the 2020W V75 will go much lower either. As long as the demand is there, and they keep trading regularly on ebay where it's at, I can't see it coming down. By now the flippers are long gone from the scene on both issues.
I think that most reverse Proofs are ugly. I think I have a Roosevelt Dime in one of the presidential sets, and when I looked at it, I knew I didn't want any more of them.
I have to agree, although there are always exceptions. Personally, I think the new Jefferson nickel design in reverse proof is hideous.
The reverse proofs are sold to the public through the mints site, anyone can get them. Most of them have mintage limits, some are higher than others. Some have been sold through sets that have unlimited mintages others individually. They're not really any different than any other numismatic product you would see on their site
