NGC Designates 2008-W Reverse of '07 ASEs

halfhunter · April 18, 2008 3:42AM

This is on NGC's Website.

http://ngccoin.com/news/viewarticle.aspx?IDArticle=1016

Dang, can someone help with the link!

Regards,

John

kieferscoins · April 18, 2008 3:43AM

http://ngccoin.com/news/viewarticle.aspx?IDArticle=1016

Cameron Kiefer

HonoluluDude · April 18, 2008 3:48AM

It's almost like they're claiming they discovered it. Total B.S.

halfhunter · April 18, 2008 3:55AM

I received an e-mail from Scott Schechter of NGC.
After consulting with Coin World, they are ammending the article giving me credit as the original discoveror.

HEY, It's my "fifteen minutes of nusmismatic fame"!

Regards,

John

GopherNationals · April 18, 2008 3:57AM

Great discovery! It will be interesting to see how the mintages play out. I have a box of 50 coming in.

charley · April 18, 2008 4:00AM

Thread Title correction lest members think ANOTHER TPG has been formed. Respectfully, John Curlis

DJCoinz · April 18, 2008 4:01AM

Any idea on the rarity of these? I.E. what's the ratio between 07 and 08 reverses?

19Lyds · April 18, 2008 4:06AM

Well Dang! A whole new era of bullion collecting just opened up for me!

Nice catch John.

HonoluluDude · April 18, 2008 4:07AM

<< I received an e-mail from Scott Schechter of NGC. After consulting with Coin World, they are ammending the article giving me credit as the original discoveror. HEY, It's my "fifteen minutes of nusmismatic fame"!

Regards, John >>

I am glad they are giving credit where credit is due!

halfhunter · April 18, 2008 4:09AM

Thread Title correction lest members think ANOTHER TPG has been formed. Respectfully, John Curlis

OOPS . . . Wouldn't want anyone to think an e-Bay SSS did this!

Thanks, John Curlis

BTW, I love to read your posts. YOU are one funny guy (wheither intentional or not)!

Regards,

John

BECOKA · April 18, 2008 4:16AM

Interesting, now its wait and see for PCGS to follow.

halfhunter · April 18, 2008 4:41AM

Maybe this article will clear up some of the confusion that seemed to manifest itself in the other threads.

Regards,

John

CaptHenway · April 18, 2008 4:50AM

<< I received an e-mail from Scott Schechter of NGC.
After consulting with Coin World, they are ammending the article giving me credit as the original discoveror.

HEY, It's my "fifteen minutes of nusmismatic fame"!

Regards,

John >>

Good!

CaptHenway · April 18, 2008 9:46AM

ttt

Overdate · April 18, 2008 11:00AM

Somewhat similar to the Type I and Type 2 1976 Ike reverses.

Edited to add: Will the TPGs be designating the 2007-S proof Thomas Jefferson dollars that were struck with the edge collar segments switched, putting the mottoes out of order?

MWallace · April 18, 2008 11:11AM

<< After consulting with Coin World, they are ammending the article giving me credit as the original discoveror. >>

You should have them put "Discovery Specimen" on the label.

fc · April 18, 2008 1:14PM

<< I received an e-mail from Scott Schechter of NGC.
After consulting with Coin World, they are ammending the article giving me credit as the original discoveror.

HEY, It's my "fifteen minutes of nusmismatic fame"!

Regards,

John >>

excellent.

Akbeez · April 18, 2008 1:45PM

<< I received an e-mail from Scott Schechter of NGC.
After consulting with Coin World, they are ammending the article giving me credit as the original discoveror.

HEY, It's my "fifteen minutes of nusmismatic fame"!

Regards,

John >>

WAY TO GO!!

ca0100000 · April 19, 2008 4:19AM

Looks like GainesvilleCoins and moderncoinmart are selling them on ebay.
http://search.ebay.com/search/search.dll?from=R40&_trksid=m37&satitle=2008+reverse+2007

moderncoinmart is selling the ngc 69 for $69.00 from their website
2008-W Early Releases Reverse of 07 Burnished Silver Eagle NGC Mint State 70 for $199
2008-W Reverse of 07 Burnished Silver Eagle NGC Mint State 70 also $199

coinkid855 · April 19, 2008 4:30AM

Is there any idea on how many of these errors there are??

-Paul

mach19 · April 19, 2008 4:40AM

Again John, great find. Take & Pat yourself on the back!!!!

I wonder how many were graded without finding this error ? How many were 70's

The grading teams must feel like

JrGMan2004 · April 19, 2008 5:56AM

<< Is there any idea on how many of these errors there are??

-Paul >>

Only time will tell... from what I'm hearing, every batch is different, and it seems that only the most recent batches have been showing up with the Rev of 07. It's probably a crap shoot... out of a box 100, you might find 80, 90, or 100% Rev of 07, but then you could have a box of 100 with none.

CaptHenway · April 19, 2008 6:18AM

<< Looks like GainesvilleCoins and moderncoinmart are selling them on ebay.
http://search.ebay.com/search/search.dll?from=R40&_trksid=m37&satitle=2008+reverse+2007

moderncoinmart is selling the ngc 69 for $69.00 from their website
2008-W Early Releases Reverse of 07 Burnished Silver Eagle NGC Mint State 70 for $199
2008-W Reverse of 07 Burnished Silver Eagle NGC Mint State 70 also $199 >>

There is also one raw one out there going for only $76.

I love that link given above. If you click on it and look at the item on Ebay Stores, you will find a reverse gear for a 2007 Harley!!!!
lol
linky to raw listing

ca0100000 · April 19, 2008 7:50AM

gainesvillecoins just put 100 on ebay at 150.00 each. 2008 W Burnished Silver Eagle NGC MS 69 ER Reverse 2007

They even have them labeled ?

Griv · April 19, 2008 12:03PM

?

Tootawl · April 19, 2008 12:40PM

The Gainsville Coins web site has the $1 SAE NGC 2008W with the 2007 reverse MS69 Early Release for $68.98 versus $150 on Ebay.

7over8 · April 19, 2008 9:54PM

A box of 100 - 2008-W ASE's yielded only 28 - 2007 Reverse Style Coins.

These were scattered throughout the flat shipping box in no particular order.

For some reason the USM shipped 96 in the "100 style" flat ship box and 4 in another box.

I wonder if the reverse dies from 2007 were used early in the coining, or late, how many reverse dies from 2007- one/two/three, if purchasing now would you receive more?

Anyone searching current orders?

Casman · April 19, 2008 11:46PM

Only 28? That's almost 30% which I think is good, I just went to check my orders yesterday and they are gone/disappeared off the order history page, don't yet know why and haven't called.

halfhunter · April 19, 2008 11:52PM

Looks like they are as common as dirt!

Oh well, it WAS an exciting week anyway.
Lots of fun!

Regards,

John

CaptHenway · April 20, 2008 12:02AM

<< Looks like they are as common as dirt!

Oh well, it WAS an exciting week anyway.
Lots of fun!

Regards,

John >>

Hey, this gets them in the Redbook!!!!!
Too bad they have already printed the 2009 edition.

boucharda · April 20, 2008 12:38AM

My order of 25 are all 2008 reverses

Kaelasdad · April 20, 2008 12:43AM

I wouldnt call them common as dirt.

Anybody recall how many ASE collectors there are? I seem to remember 250,000 Reverse Proofs being gobbled up like crazy. In the latest NN, the sales for 2007 W ASE show 563,000 sold. If you were an ASE collector, wouldnt you need a variety for your set, the first and only variety in the whole 20 some odd years of the set?--so instead of needing 1 2008 ASE W, you now need 2 of them--but one of them is 30% of the other--so start looking at these going up as the word gets out.

And, as a side note--why think that other 2008 Silver Eagle issues werent affected? There was no change in a reverse die for years--and then they changed it for bullion, Ws, and Proofs--so they guys on the line just switched the top die and left the bottom die in, until they had to replace the tbottom die--with the new dies. Expect to see a percentage of the Reverse of 2007 variety in every 2008 Silver Eagle issue that has been minted so far this year--thats my prediction.

I dont know where the value on these goes, but what would someone pay for FS examples of a bullion, a W and a proof in the variety format--obviously, the mint has the rest of the year to make more of the regular reverse issue, but its a done deal for the variety.

PCGS needs to make a statement on these quickly, because right now, NGC is getting all the press--

7over8 · April 20, 2008 1:12AM

Kaelasdad -

Agreed, even though I was lucky on a group of 100, doesnt mean they will always turn up in that number.

Who knows the die life for these W's?

I've heard from others who had newly purchased W's, and all were 08 reverses.

If this turns out to be a 50K or less variety, which is very possible, and by the way - it is very distinct and noticable - it's a $100 coin in any holder.

57loaded · April 20, 2008 1:43AM

i think it is an very interesting find,

but a common one as far as rarity goes

...i'm just waiting for the remaining '07' XA1 sets to have '08 reverses...lol

Griv · April 20, 2008 2:51AM

idunk · April 20, 2008 3:02AM

I have not followed silver Eagles that closely......is this the first variety in the series??

Tootawl · April 20, 2008 5:40AM

<< I have not followed silver Eagles that closely......is this the first variety in the series?? >>

It's the first I know of.

I just checked my order of 20 coins.
0 - 20. All mine are reverses of 2008.

Zoins · April 20, 2008 5:44AM

<<

If you were an ASE collector, wouldnt you need a variety for your set, the first and only variety in the whole 20 some odd years of the set? [...]

PCGS needs to make a statement on these quickly

>>

Zoins · April 20, 2008 5:47AM

<< I received an e-mail from Scott Schechter of NGC.
After consulting with Coin World, they are ammending the article giving me credit as the original discoveror.

HEY, It's my "fifteen minutes of nusmismatic fame"!

Regards,

John >>

Congrats!

Is there an encapsulated discovery coin for this?

CaptHenway · April 20, 2008 6:36AM

<< 

<< Looks like GainesvilleCoins and moderncoinmart are selling them on ebay.
http://search.ebay.com/search/search.dll?from=R40&_trksid=m37&satitle=2008+reverse+2007

moderncoinmart is selling the ngc 69 for $69.00 from their website
2008-W Early Releases Reverse of 07 Burnished Silver Eagle NGC Mint State 70 for $199
2008-W Reverse of 07 Burnished Silver Eagle NGC Mint State 70 also $199 >>

There is also one raw one out there going for only $76.

I love that link given above. If you click on it and look at the item on Ebay Stores, you will find a reverse gear for a 2007 Harley!!!!
lol
linky to raw listing >>

The raw one just closed for $238.

coinkid855 · April 20, 2008 6:42AM

Holy crap! Looks like I got lucky. I ordered 2 NGC MS-69 Early Releases from Gainesville coin at $70 a piece. Now there's a "call for pricing" button for them.

Too bad I didn't order more though =(

-Paul

mnmcoin · April 20, 2008 8:17AM

Just checked my 10 and 4 are rev o' 07.

morris

Casman · April 20, 2008 10:13AM

<< Holy crap! Looks like I got lucky. I ordered 2 NGC MS-69 Early Releases from Gainesville coin at $70 a piece. Now there's a "call for pricing" button for them.

Too bad I didn't order more though =(

-Paul >>

I ordered some too, it'll be interesting to see if they deliver, this one, an NGC 69 closed at $521.00link

pitboss · April 20, 2008 10:38AM

One day and already the prices have jumped up and the availability has gone down. The cheapest ones are now $300 and the word has not even gotten out yet but I bet the mint has sold 100000 coins this weekend. Nice ploy on their part!

coinkid855 · April 20, 2008 10:39AM

They better deliver! I'll drive down there and get it myself! (I live about 2 hours away)

-Paul

Griv · April 20, 2008 10:46AM

<< One day and already the prices have jumped up and the availability has gone down. The cheapest ones are now $300 and the word has not even gotten out yet but I bet the mint has sold 100000 coins this weekend. Nice ploy on their part! >>

Don't give them any credit for this. The Mint has no brain.

ca0100000 · April 21, 2008 1:45AM

You can read the Coinworld story online if you are a subscriber.
Way to go halfhunter!!!

NGC also updated their story.
APRIL 21, 2008 UPDATE: According to the May 5 issue of Coin World, Leesburg, Ga., collector John Nanney notified them of the Uncirculated 2008-W American Eagle, Reverse of 2007 silver dollars by on April 15. This is the first reported discovery. For comprehensive reporting, see Coin World.

NGC Designates 2008-W Reverse of '07 ASEs

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