Were numbers ever released on the 99 W eagle error?

MrKelso

Were final numbers ever released on this error or are they still looking?
Thanks

airplanenut

My guess is there are no official numbers... and they don't care...

So many seem to be available that the price seems equal to the coin without the W mintmark... not drastic enough for... "the RECORDS"

dlshaw

the hype has been 1500-2000, but who knows.

dpoole

MrK--

My bet (could be wrong) is that since this is a recent issue and one that is easy to spot, most people have been turning these in for certification when they've been found.

Up to now:

1,766 of the $5 coins have been submitted to PCGS and NGC (991/1057 respectively)

905 of the $10 coins have been submitted to PCGS and NGC (717/188).

(This is interesting, as I'd initially understood that the $10 were the more common).

I imagine there have been some slabbed by the other services here and there as well (I have an ICG $5), though I expect that the majors got most of them.

Since I've been tracking them, it also appears that the pops for these coins are rising only very slowly now.

This gives you something rough for starters, as to how many were produced.

I think it's an interesting issue myself. As always, though, it depends upon whether anyone else thinks so, as to their long or short term value.

Tootawl

What exactly is the error?

MrKelso

Here's is something i found explaining it a little.



<< <i>n 1999, the Mint at West Point, New York accidentally produced what may become one of the most important rarities of the 20th Century.( the jury may be out for a long time on this satement) A limited quantity of 1/10th ounce Gold American Eagles with the "W" mintmark. The mintmark usually appears only on Proof versions. However, in this case, the dies never received the special polishing that gives Proof coins their deep, mirror-like qualities. Experts estimate that only 500-1000 examples have been found since the mistake was first discovered in 2000. >>



My Neighbor purchased one paying almost $400. It's the one i posted a pic of here. I haven't seen much chatter about them recently.

Seen a recent price on the 1/10 oz today of 450.00

MrKelso

.

TheNumish

If it's any help I can sell $5 W mintmark coins graded NGC MS-69 for $305 and PCGS coins for $350. Just sent a few to PCGS so it'll be a few weeks till I get them back. I have plenty of the NGC coins.

I think they have all been found. Originally the 1/4 oz coins were thought to be more common. Then in 2000 when a lot of the 1999 1/10 oz coins that were in storage came on the market they were found and now the 1/10 oz is much more common. There are still some hoards that were found that are being sold off. Once these are absorbed into the market they will be harder to find. Don't know if the prices will go up but I think they are pretty stable at these levels.

TheNumish

Oh yea--being an error no one knows what the mintage is. Using the population reports is the best way to get an estimate. The only problem is when someone crosses an NGC coin to a PCGS holder usually they don't send the label back to NGC so that might make it seem that there are more graded than there really are. There also might be coins sitting around that the owner doesn't plan to grade.

pontiacinf

if the popreport would give you an accurate count, then that means my 71-no S jefferson has only about 150 between NGC/PCGS...so that would blow the 1,660 number outta the water...wheres the rest of them?

TheNumish

The 71-S no s nickel is a little differennt than the 99-W's. People usually keep those in the proof sets. Traditionally the sets are worth more than the nickel by itself. The 99-W coins automatically get sent into the services since slab coins are worth more than raw coins.

airplanenut

<< <i>What exactly is the error? >>

Toot- The proofs are struck at West Point, the MS coins aren't. The error coins being discussed are MS coins with the W mintmark, signifying that the die was supposed to be for proof manufacture, not MS.