In 50 Words Or Less, Could Someone Summarize The John Nanney Thread So I Don't Have To Read 3600 Pos

MisterBungle · June 11, 2008 7:09AM

Please??

~

TwoSides2aCoin · June 11, 2008 7:15AM

If the U in United States of America on the reverse of the 2008 American silver eagle has a leg to stand on, you have bullion. If the U doesn't have a leg to stand on, you have bullion that people are paying over 500 times face value for.

2manycoins2fewfunds · June 11, 2008 7:26AM

US Mint sold 2008 ASEs for $25.95....some were struck with reverse die from 2007 with different font from 2008...............those now worth $500+.

End of story.............

LITTLEEAGLE · June 11, 2008 7:30AM

<< If the U in United States of America on the reverse of the 2008 American silver eagle has a leg to stand on, you have bullion. If the U doesn't have a leg to stand on, you have bullion that people are paying over 500 times face value for. >>

u got that right!!

COINB0Y · June 11, 2008 7:31AM

Lots of money to be made but, its almost over

BECOKA · June 11, 2008 7:49AM

All of the above and well .... I think that about sums it up.

PerryHall · June 11, 2008 7:54AM

This is the most exciting find since the speared buffalo!!!

HonoluluDude · June 11, 2008 7:58AM

I think I stopped reading that Nanney thread after the first two weeks it was posted. That said, are the flippers done with it yet?

YaHa · June 11, 2008 8:02AM

And I sent a whole case of 1000 errors because I thought I got the wrong coin. Yes I am a ditwit.

HonoluluDude · June 11, 2008 8:07AM

<< And I sent a whole case of 1000 errors because I thought I got the wrong coin. Yes I am a ditwit.

>>

MisterBungle · June 11, 2008 8:17AM

"If the U in United States of America on the reverse of the 2008 American silver eagle has a leg to stand on, you have bullion. If the U doesn't have a leg to stand on, you have bullion that people are paying over 500 times face value for."
-----

Perfect!!

Thanks, I think I understand completely, and I don't have
to spend a good portion of my life reading that thread!!

~

sfs2002usa · June 11, 2008 8:19AM

Not unless you plan to write a book entitled "Eagle Eyes" John Nanney and the case of the Mysterious
2008 American Silver Eagle. BTW this is MY idea. Don't anyone go and do it!

BAJJERFAN · June 11, 2008 8:26AM

Much ado about not very much.

rgl1345 · June 11, 2008 8:40AM

<< This is the most exciting find since the speared buffalo!!! >>

Both times people the "the shaft"

Kareemofwheat · June 11, 2008 11:48AM

That sums it up

Thanks

bumanchu · June 11, 2008 11:51AM

<< And I sent a whole case of 1000 errors because I thought I got the wrong coin. Yes I am a ditwit.

>>

Ok, I forgive you, but WTF are you trying to say with the above post?

BAJJERFAN · June 11, 2008 10:30PM

<< 

<< And I sent a whole case of 1000 errors because I thought I got the wrong coin. Yes I am a ditwit.

>>

Ok, I forgive you, but WTF are you trying to say with the above post? >>

I think he means that he returned them.

tychojoe · June 11, 2008 10:45PM

Summary should include the fact that because of the John Nanney thread, and related threads, readers here were able to get in on the action for a whole 3 weeks after the story broke. People like me figured, "heck, give it a try", and new orders from the mint paid off with 07 reverses here and there!

tychojoe · June 11, 2008 10:52PM

Well, 57 words. But I wasn't counting at the time.

seemyauction · June 11, 2008 10:53PM

In 50 Words Or Less, Could Someone Summarize The John Nanney Thread So I Don't Have To Read 3600 Posts??

This gave me a good laugh.....thank you MisterBungle

TheRaven · June 12, 2008 12:27AM

If you collect Silver Eagles you should have bought this coin a few weeks ago.....

TonyWKoo · June 12, 2008 2:41AM

Hm...let me take a wild guess. Most of you here don't have one, do you?

dac076 · June 12, 2008 2:43AM

Prepare yourself for 3600 summaries....

ziggy29 · June 12, 2008 2:46AM

Personally I'm not excited by bullion, but I think it's funny that some people who think it's much ado about nothing are probably some of the same people who would pay many multiples of sheet for a VAM that can barely be seen with the naked eye.

BAJJERFAN · June 12, 2008 2:56AM

<< Personally I'm not excited by bullion, but I think it's funny that some people who think it's much ado about nothing are probably some of the same people who would pay many multiples of sheet for a VAM that can barely be seen with the naked eye.

>>

I am not a VAMMER.

but I do have 2 a those error/variety eagles. My comment was more about the fact that 99% of those posts are BS.

TonyWKoo · June 12, 2008 2:57AM

I couldn't care less even if it's used tissue paper. If I could buy it for $100 and it'll be worth $1000 in a year, I'd be more than happy to buy one, grade it, seal it, and then eventually sell it.

But the only question is...can you keep up the demand for it.

ziggy29 · June 12, 2008 2:57AM

<< My comment was more about the fact that 99% of those posts are BS. >>

Ah, got it. But I think any thread that gets into thousands of posts is 99% BS.

Tvac897 · June 12, 2008 3:08AM

Lol...summary of a thread as a thread.

adamlaneus · June 12, 2008 3:19AM

Okay, so i'm feeling sort of wierd today.

Let me summarize in haiku:

Mint mixes up dies
Wierd 2008 coins made
John Nanney found it

Numismatic craze
Start out high and go higher
Prices are obscene

Lots of debate on
error or variety
sides taken, lines drawn

Forty five thousand
is the max but we suspect
far less are around

Pop reports are in
Thirteen thousand are graded
who knows the raw count

Do we have a peak
Or is it more of a lull
Only time will tell

Silver Maple Leaf
a coin with a low mintage
gets no love at all

TonyWKoo · June 12, 2008 3:31AM

Supply and demand. If it was only so easy as to just come up with a quantitative figure every day.

Canadian Maple leaf, no one really wants them. So, no demand, no increase in price.

08 ASE Reverse 07, demand is high (at least for now), and supply is still relatively low.

Question: Where will demand be?

Broadstruck · June 12, 2008 3:35AM

Crap this Cliff-Notes version is getting long too as who want's to read 30 posts?

gecko109 · June 12, 2008 3:41AM

My best shot at 50 words or less:

Dont believe the hype.

sanitarium1inmate · June 12, 2008 3:48AM

It's now 3 1/2 years since my original post and Mr. Tool and Die Maker who works at the Mint in Phila returned for another exam. We had a nice talk about the production line. He told me mules are produced all the time (by mistake) and some of them have to get out. He made a comment about the Mint sometimes releasing coins early by mixing them in other bags to generate hype and increase sales. We also talked a bit about the Wisc. state Qs and as a tool and die maker he said there's no way that someone didn't engrave those extra leaves deliberately. Interesting stuff, even if it has to do with moderns

TonyWKoo · June 12, 2008 3:53AM

<< It's now 3 1/2 years since my original post and Mr. Tool and Die Maker who works at the Mint in Phila returned for another exam. We had a nice talk about the production line. He told me mules are produced all the time (by mistake) and some of them have to get out. He made a comment about the Mint sometimes releasing coins early by mixing them in other bags to generate hype and increase sales. We also talked a bit about the Wisc. state Qs and as a tool and die maker he said there's no way that someone didn't engrave those extra leaves deliberately. Interesting stuff, even if it has to do with moderns >>

let me guess, you don't have one either.

sanitarium1inmate · June 12, 2008 4:21AM

<< 

<< It's now 3 1/2 years since my original post and Mr. Tool and Die Maker who works at the Mint in Phila returned for another exam. We had a nice talk about the production line. He told me mules are produced all the time (by mistake) and some of them have to get out. He made a comment about the Mint sometimes releasing coins early by mixing them in other bags to generate hype and increase sales. We also talked a bit about the Wisc. state Qs and as a tool and die maker he said there's no way that someone didn't engrave those extra leaves deliberately. Interesting stuff, even if it has to do with moderns >>

let me guess, you don't have one either. >>

Nope, just barely missed the boat by about 3 days.

Monstavet · June 12, 2008 4:49AM

<< Okay, so i'm feeling sort of wierd today.

Let me summarize in haiku:

Mint mixes up dies
Wierd 2008 coins made
John Nanney found it

Numismatic craze
Start out high and go higher
Prices are obscene

Lots of debate on
error or variety
sides taken, lines drawn

Forty five thousand
is the max but we suspect
far less are around

Pop reports are in
Thirteen thousand are graded
who knows the raw count

Do we have a peak
Or is it more of a lull
Only time will tell

Silver Maple Leaf
a coin with a low mintage
gets no love at all >>

POST OF THE YEAR NOMINEE!

tychojoe · June 12, 2008 7:51PM

<< Okay, so i'm feeling sort of wierd today.

Let me summarize in haiku:

Mint mixes up dies
Wierd 2008 coins made
John Nanney found it

[...]

Silver Maple Leaf
a coin with a low mintage
gets no love at all >>

Adam Lane, you are a talented writer!

mrpaseo · June 12, 2008 8:25PM

Meow meow, ruff, ruff, ruff, meow, meow meow.

Meow?

morgansforever · June 12, 2008 9:30PM

Well executed ploy by the Slaughter House to increase sales of over priced ASE's.

Yes they probably sold 10's of thousands during the hype period, but how many were returned?

On the filp side, the regular reverse may turn out to be a key. Who's buying these at $10 over spot?

400k struck, 350k returned, 350k sent to the melting pot, instant collectable.

ambro51 · June 12, 2008 10:27PM

Barnum was right.

charley · June 12, 2008 10:31PM

u bought a coin to collect,the mint turned that idea around,n U made $. Respectfully, John Curlis

MisterBungle · June 13, 2008 11:25PM

"This gave me a good laugh.....thank you MisterBungle"
-----

Just trying to do my part.

~

CSMVanguard · June 25, 2008 9:36AM

All I know is that 2 weeks after joining this board and any serious collecting, I learned about the ASE 08R07 on here. I bought several, got 5 out of 10 then bought more. My grandson will now go to college courtesy of the US Mint and 37 Great looking coins. Total was 37 out of 125. Only graded 5, all came back PCGS MS69.

MisterBungle · July 6, 2008 7:40PM

I notice that there has been another thousand
posts in the Nanney thread since I asked about it.

Have I missed anything new??

~

TwoSides2aCoin · July 6, 2008 9:57PM

<< I notice that there has been another thousand
posts in the Nanney thread since I asked about it.

Have I missed anything new??

~ >>

I got a hair cut

pitboss · July 6, 2008 11:32PM

The prices and listings have stabilized. Now we should start to see a steady progression upward in price as some of the people that have bought them at the higher level start to unload what they have purchased because their credit cards have come due.

In 50 Words Or Less, Could Someone Summarize The John Nanney Thread So I Don't Have To Read 3600 Pos

Comments

Leave a Comment