<< <i>The pop report for 505267 2011-W $50 Eagle First Strike shows only 136 graded and only 77 MS70 FS
Granted there are some unopen boxes around still eligible for FS this is still quite small pop for FS
Does anybody have NGC pop numbers for Early Release?
Also does anybody have the latest sale numbers for 2011-W AGE ? >>
2907 sold as of July 3.
NGC Pops 64 in 69 and 400 in 70. 464 graded. Early Release.
Sure looking like a low mintage item. I will pick up as many as I can. The PCGS 70FS is certainly the rarer item. So rare they are difficult to even find. One on ebay BIN for $2600. May not be a bad price.
Does anyone know what the mintage limit is for the 2011 American Eagle gold uncirculated coin is? And how does the coins look in hand? Any problems? Does anyone think these are being minted to order? I'm thinking of buying but also am wondering if I could put my money to better use elsewhere.
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
I bought a couple of burnished AGE 4-coin sets in 2008 and kept them in the Mint boxes, just in case it became worthwhile to send them in for First Strike. Well, that did happen. About a year later, I looked up the population report and saw some pretty low numbers, so I sent both boxes in and got back 5 MS-70 First Strikes, which did include a complete 4-coin set.
What I've learned since then is that there is no good way to price them or to market them, for that matter. 77 MS-70 First Strikes is a worthwhile number, but I still insist that much will depend on the strength of the collector base for 1 oz. gold.
Q: Are You Printing Money? Bernanke: Not Literally
I love the burnished coins, but these have absolutely NO value to me. I think PCGS should make some holders with Fruit Loops on them and sell them as special editions...
Love that Milled British (1830-1960) Well, just Love coins, period.
Just to clarify, you like the coins, but not the labels, yes? I really like the burnished coins themselves, especially the gold. The labels? Well...I much prefer OGP. Then again, that does make me guilty of being interested in packaging, too.
<< <i>The pop report for 505267 2011-W $50 Eagle First Strike shows only 136 graded and only 77 MS70 FS
Granted there are some unopen boxes around still eligible for FS this is still quite small pop for FS
Does anybody have NGC pop numbers for Early Release?
Also does anybody have the latest sale numbers for 2011-W AGE ? >>
Thanks very much for this info!
It looks like the FS 70 pops will be low. Amazing the difference between the percentage of 70s at PCGS and NGC.
Did they break down the FS vs FS w/25th anniv. label? The latter will, of course, be the most rare subset.
Not thinking they will break down the 25th annv label as that is only available to select high end dealers??? But it is wild the swing in 70 pops from TPG's Of course, there is potentially a lot more time for these to sell. >>
NGC Pops 64 in 69 and 400 in 70. 464 graded. Early Release.
It is interesting to see PCGS 69/70 ratio is about 50% but NGC is wooping 85% got MS70 - anybody care to comment why? Because dealers mostly submit to NGC?
I'm also curios to understand how they're minted - to demand or there is set limit that I could not find on USM site?
<< <i>lightcycler - thanks very much for your reply
2907 sold as of July 3.
NGC Pops 64 in 69 and 400 in 70. 464 graded. Early Release.
It is interesting to see PCGS 69/70 ratio is about 50% but NGC is wooping 85% got MS70 - anybody care to comment why? Because dealers mostly submit to NGC?
I'm also curios to understand how they're minted - to demand or there is set limit that I could not find on USM site? >>
NGC appears to be more into quantity rather than quality. Plus, if you give your submitters more "70's", they are more apt to be a repeat customer. However, if you submit a coin to PCGS, that in your opinion, is flawless and get a 68, you may think twice about submitting another coin. Granted, a PCGS 70 sells for because they appear to be rarer, the grading costs may out weight the difference in price in the long run. IMOP
<< <i>Does anyone know what the mintage limit is for the 2011 American Eagle gold uncirculated coin is? And how does the coins look in hand? Any problems? Does anyone think these are being minted to order? I'm thinking of buying but also am wondering if I could put my money to better use elsewhere. >>
I bought two PCGS MS70FS w/the 25th anniv. label off of FeeBay for $2150/coin a few weeks ago. Hopefully this was a wise decision. I now think that I should have taken the third that I was offered.
I LOVE how they look in hand. I've always liked the burnished better than the proofs. Of course, this it totally subjective.
I have to note, that these are not burnished. They are the business strike finish with the W mintmark. Thus, they are unique and NOT a continuation of the burnished series per se.
How many are out there is the big question.
As to comments about the holders by other posters in this thread, I collect for the joy of collecting and, also, very much for re-sale profits. I HATE holders period. I hate them. I like the moderns far more in the OGP than the holders. For that matter, I like the classics in the OGP where it existed far more than the holders. It killed me to see that recently auctioned, magnificent Pan Pac set which was found in OGP put into holders. What a disaster.
That said, if you plan to sell, holders are the way to go. As we all know, the FS brings more $, no question.
If they did Fruit Loop holders I have NO DOUBT that an MS70FL would bring more than a regular holder MS70. Nuts, but true.
The only things that make sense as to why FS brings more is, in order of importance:
1) The coins have only been submitted once. 2) The holders look better.
Lastly, WHAT A SCORE on the '08 W burnished set mentioned above. I bought three of the '08 W AGE sets. I sold two in Feb. of '09 (I think) for $2500/set and thought that I did well. What a HORRIBLE decision that was. I also sold lots of '08 W buffs and plats - in OGP sealed and some 69s and 70s. Relative to the peak, I gave up well over $20K in profit by doing so. Thankfully I kept a bunch of them as well.
Raufus if yours are not burnished then I'd like separate confirmation on whether anyone has received a burnished 2011-W coin. It might be a good idea to monitor ebay descriptions at this point, just in case there are two varieties to consider.
Ah, I see from the Mint's webpage that the finish is the same as the regular Unc. That is most probably the case for all of them.
Q: Are You Printing Money? Bernanke: Not Literally
In a process similar to that used to create the magnificent American Eagle Proof Coins, American Eagle Uncirculated Coins are hand-loaded into the coining press, struck on specially burnished blanks and carry the "W" mint mark of the United States Mint at West Point.
So these should be burnished - right? Or this is another gimmick similar to 2008 Buffalo Celebration when regular bullion packaged and sold by USM directly. Except these are bullion over-stroke with "W" mint mark. Getting more interesting
I think we are confusing two coins here, I thought the 25th anniversary is simply the bullion version of the American Eagle and then there is a burnished W mint mark that could be first strike but should not be 25th anniversary.
From the Mint's Order Page for the 2011 1 oz "W" AGEs,
American Eagle One Ounce Gold Uncirculated Coins are collector versions of the official United States Mint American Eagle Gold Bullion Coins and are available in the one ounce size. These coins feature a finish similar to their bullion coin counterparts, and each coin bears the “W” mint mark reflecting its striking at the United States Mint at West Point.
They might not have purged the website of all previous descriptions of the "W" issues (because there is no reason to do so).
With the Mint however, the story's not over until it's over. I'm assuming that they wanted another issue with a "W", but didn't want to incur the extra costs of a burnishing step. They don't mind upcharging a hefty premium for the omitted step, tho.......
Q: Are You Printing Money? Bernanke: Not Literally
This is copied from the U.S. Mint page on the 2011 W $50 AGEs:
American Eagle One Ounce Gold Uncirculated Coins are collector versions of the official United States Mint American Eagle Gold Bullion Coins and are available in the one ounce size. These coins feature a finish similar to their bullion coin counterparts, and each coin bears the “W” mint mark reflecting its striking at the United States Mint at West Point. Each coin also is encapsulated in plastic and placed in a protective presentation case and is accompanied by a Certificate of Authenticity
I think that, as has been suggested above, the link to the collector coins w/the burnished description is generic and not updated for these exceptions. CW NN or both (don't remember which or the dates) had articles specifically noting that these are not burnished but business strikes w/the W mintmark.
I'll make it a point to head the SDB in the near future to compare the 2011 Ws with the 2008 and 2006 W $50 AGEs that I have.
Without question there is only one 2011 W $50 AGE.
<< <i>I think we are confusing two coins here, I thought the 25th anniversary is simply the bullion version of the American Eagle and then there is a burnished W mint mark that could be first strike but should not be 25th anniversary. >>
Great info Raufus, please let us know what you find out as I am considering purchasing one, although I'm not sure whether to order from the mint and receive a grading reject or just buy one on the secondary market in a holder with the OGP.
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
I have an opportunity to buy a 1995 and 1996 uncirculated $25 AGE's. I haven't seen the coins yet, but assuming there are no problems what is a good price for these? Do these dates carry any premium?
<< <i>Great info Raufus, please let us know what you find out as I am considering purchasing one, although I'm not sure whether to order from the mint and receive a grading reject or just buy one on the secondary market in a holder with the OGP. >>
<< <i>Hate to say it, but IMO that is too much money for the coin while these are still available... >>
It is a bit steep. Of course, by the time it's clear that it's a great coin (if every) it will be too late.
I remember the emails from First Coin Source about PCGS MS and PF70FS 2008 W buff sets that seemed just a few hundred too high. If only I had jumped on a few of these....those prices were quite a bargain in retrospect!
pcgs 70 pops much lower than ngc certainly the rarer coin at this point. You probably made a great great buy at 2100 raufus. Depends if gold takes another breather or not.
Lightcycler, have to say it does sound strange to hear that one coin is rarer because it is in a different holder.LOL! Well, no harm done as I know what you mean; still maybe there is just a tad too much emphasis on hypergrading of these later date coins...
Love that Milled British (1830-1960) Well, just Love coins, period.
<< <i>Are there price pressures on the 2006-2008w's 1 oz AGEs? They are all keys in the series. The 1/4 oz seem to be doing a lot better than the 1 oz. >>
Acoording to greysheet the '06 and '07 W $50 only retain a nominal premium to common dates. Havent followed ebay sales though.
<< <i>Lightcycler, have to say it does sound strange to hear that one coin is rarer because it is in a different holder.LOL! Well, no harm done as I know what you mean; still maybe there is just a tad too much emphasis on hypergrading of these later date coins... >>
I probably should have said lower pop. The pcgs holder will get a big premium on this one I think
<< <i>pcgs 70 pops much lower than ngc certainly the rarer coin at this point. You probably made a great great buy at 2100 raufus. Depends if gold takes another breather or not. >>
Hi Lightcycler-
I hope that you're right.
There is still potentially a long time for sales, but the FS pop will likely be low. Of course, this will only matter if the overall pop stays low. Time will tell....
Has the mint adjusted the initial price of the 2011 UNC AGE? With the way gold has been bouncing around, I haven't been able to keep up with the price. anyone one know what the y were originally offered at?
<< <i>Has the mint adjusted the initial price of the 2011 UNC AGE? With the way gold has been bouncing around, I haven't been able to keep up with the price. anyone one know what the y were originally offered at? >>
IIRC, there has not been a single price adjustment since offered, but if gold stays in the current price range ($1550-1559), the price will be $50 higher on next Wed.
According to Michael at MintNewsBlog, Rep. Jackie Speier will be introducing a bill to immediately cease the Presidential Dollar and Native American Dollar Coin programs because they are wasteful since the coins barely circulate. Would this also affect the First Spouse Gold Coin program or could it continue on?
First Spouse definitely could be in jeopardy also. The First Spouse release is tied to the Presidential dollar release... so if there are no more Presidential dollars.....
Fat chance in heck that this bill will even get out of conference.... Just eliminate the dollar bill, that alone would save millions of dollars in cost.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Comments
Miles
Granted there are some unopen boxes around still eligible for FS this is still quite small pop for FS
Does anybody have NGC pop numbers for Early Release?
Also does anybody have the latest sale numbers for 2011-W AGE ?
<< <i>The pop report for 505267 2011-W $50 Eagle First Strike shows only 136 graded and only 77 MS70 FS
Granted there are some unopen boxes around still eligible for FS this is still quite small pop for FS
Does anybody have NGC pop numbers for Early Release?
Also does anybody have the latest sale numbers for 2011-W AGE ? >>
2907 sold as of July 3.
NGC Pops 64 in 69 and 400 in 70. 464 graded. Early Release.
Sure looking like a low mintage item. I will pick up as many as I can. The PCGS 70FS is certainly the rarer item. So rare they are difficult to even find. One on ebay BIN for $2600. May not be a bad price.
<< <i>$2600 I believe Raufus. And what a beauty she is!
Miles >>
Hi Miles-
Thanks very much for the info.
Hard to believe that they were so cheap. What an amaziing set!!!
Best, R-
<< <i>The pop report for 505267 2011-W $50 Eagle First Strike shows only 136 graded and only 77 MS70 FS
Granted there are some unopen boxes around still eligible for FS this is still quite small pop for FS
Does anybody have NGC pop numbers for Early Release?
Also does anybody have the latest sale numbers for 2011-W AGE ? >>
Thanks very much for this info!
It looks like the FS 70 pops will be low. Amazing the difference between the percentage of 70s at PCGS and NGC.
Did they break down the FS vs FS w/25th anniv. label? The latter will, of course, be the most rare subset.
Of course, there is potentially a lot more time for these to sell.
What I've learned since then is that there is no good way to price them or to market them, for that matter. 77 MS-70 First Strikes is a worthwhile number, but I still insist that much will depend on the strength of the collector base for 1 oz. gold.
I knew it would happen.
I love the burnished coins, but these have absolutely NO value to me. I think PCGS should make some holders with Fruit Loops on them and sell them as special editions...
Well, just Love coins, period.
<< <i>
<< <i>The pop report for 505267 2011-W $50 Eagle First Strike shows only 136 graded and only 77 MS70 FS
Granted there are some unopen boxes around still eligible for FS this is still quite small pop for FS
Does anybody have NGC pop numbers for Early Release?
Also does anybody have the latest sale numbers for 2011-W AGE ? >>
Thanks very much for this info!
It looks like the FS 70 pops will be low. Amazing the difference between the percentage of 70s at PCGS and NGC.
Did they break down the FS vs FS w/25th anniv. label? The latter will, of course, be the most rare subset.
Not thinking they will break down the 25th annv label as that is only available to select high end dealers??? But it is wild the swing in 70 pops from TPG's
Of course, there is potentially a lot more time for these to sell. >>
2907 sold as of July 3.
NGC Pops 64 in 69 and 400 in 70. 464 graded. Early Release.
It is interesting to see PCGS 69/70 ratio is about 50% but NGC is wooping 85% got MS70 - anybody care to comment why? Because dealers mostly submit to NGC?
I'm also curios to understand how they're minted - to demand or there is set limit that I could not find on USM site?
<< <i>lightcycler - thanks very much for your reply
2907 sold as of July 3.
NGC Pops 64 in 69 and 400 in 70. 464 graded. Early Release.
It is interesting to see PCGS 69/70 ratio is about 50% but NGC is wooping 85% got MS70 - anybody care to comment why? Because dealers mostly submit to NGC?
I'm also curios to understand how they're minted - to demand or there is set limit that I could not find on USM site? >>
NGC appears to be more into quantity rather than quality. Plus, if you give your submitters more "70's", they are more apt to be a repeat customer. However, if you submit a coin to PCGS, that in your opinion, is flawless and get a 68, you may think twice about submitting another coin. Granted, a PCGS 70 sells for because they appear to be rarer, the grading costs may out weight the difference in price in the long run. IMOP
<< <i>They were struck to anticipated demand. Problem is we don't know what they expected for demand. >>
I fear they expected much higher demand so I would be surprised if they sold out early.
<< <i>Does anyone know what the mintage limit is for the 2011 American Eagle gold uncirculated coin is? And how does the coins look in hand? Any problems? Does anyone think these are being minted to order? I'm thinking of buying but also am wondering if I could put my money to better use elsewhere. >>
I bought two PCGS MS70FS w/the 25th anniv. label off of FeeBay for $2150/coin a few weeks ago. Hopefully this was a wise decision. I now think that I should have taken the third that I was offered.
I LOVE how they look in hand. I've always liked the burnished better than the proofs. Of course, this it totally subjective.
I have to note, that these are not burnished. They are the business strike finish with the W mintmark. Thus, they are unique and NOT a continuation of the burnished series per se.
How many are out there is the big question.
As to comments about the holders by other posters in this thread, I collect for the joy of collecting and, also, very much for re-sale profits. I HATE holders period. I hate them. I like the moderns far more in the OGP than the holders. For that matter, I like the classics in the OGP where it existed far more than the holders. It killed me to see that recently auctioned, magnificent Pan Pac set which was found in OGP put into holders. What a disaster.
That said, if you plan to sell, holders are the way to go. As we all know, the FS brings more $, no question.
If they did Fruit Loop holders I have NO DOUBT that an MS70FL would bring more than a regular holder MS70. Nuts, but true.
The only things that make sense as to why FS brings more is, in order of importance:
1) The coins have only been submitted once.
2) The holders look better.
Lastly, WHAT A SCORE on the '08 W burnished set mentioned above. I bought three of the '08 W AGE sets. I sold two in Feb. of '09 (I think) for $2500/set and thought that I did well. What a HORRIBLE decision that was. I also sold lots of '08 W buffs and plats - in OGP sealed and some 69s and 70s. Relative to the peak, I gave up well over $20K in profit by doing so. Thankfully I kept a bunch of them as well.
<< <i>They were struck to anticipated demand. Problem is we don't know what they expected for demand. >>
Hi Eric-
What' your gut feeling on these? Or, is there just no way at all to know.
Thanks!
Ah, I see from the Mint's webpage that the finish is the same as the regular Unc. That is most probably the case for all of them.
I knew it would happen.
In a process similar to that used to create the magnificent American Eagle Proof Coins, American Eagle Uncirculated Coins are hand-loaded into the coining press, struck on specially burnished blanks and carry the "W" mint mark of the United States Mint at West Point.
So these should be burnished - right? Or this is another gimmick similar to 2008 Buffalo Celebration when regular bullion packaged and sold by USM directly. Except these are bullion over-stroke with "W" mint mark. Getting more interesting
American Eagle One Ounce Gold Uncirculated Coins are collector versions of the official United States Mint American Eagle Gold Bullion Coins and are available in the one ounce size. These coins feature a finish similar to their bullion coin counterparts, and each coin bears the “W” mint mark reflecting its striking at the United States Mint at West Point.
They might not have purged the website of all previous descriptions of the "W" issues (because there is no reason to do so).
With the Mint however, the story's not over until it's over. I'm assuming that they wanted another issue with a "W", but didn't want to incur the extra costs of a burnishing step. They don't mind upcharging a hefty premium for the omitted step, tho.......
I knew it would happen.
American Eagle One Ounce Gold Uncirculated Coins are collector versions of the official United States Mint American Eagle Gold Bullion Coins and are available in the one ounce size. These coins feature a finish similar to their bullion coin counterparts, and each coin bears the “W” mint mark reflecting its striking at the United States Mint at West Point. Each coin also is encapsulated in plastic and placed in a protective presentation case and is accompanied by a Certificate of Authenticity
I think that, as has been suggested above, the link to the collector coins w/the burnished description is generic and not updated for these exceptions. CW NN or both (don't remember which or the dates) had articles specifically noting that these are not burnished but business strikes w/the W mintmark.
I'll make it a point to head the SDB in the near future to compare the 2011 Ws with the 2008 and 2006 W $50 AGEs that I have.
Without question there is only one 2011 W $50 AGE.
<< <i>I think we are confusing two coins here, I thought the 25th anniversary is simply the bullion version of the American Eagle and then there is a burnished W mint mark that could be first strike but should not be 25th anniversary. >>
There is only one 2011 W $50 AGE. The link to this coin on the US Mint website is:
http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10001&storeId=10001&categoryId=13238&langId=-1&parent_category_rn=10191&top_category=10191
Bulk submitters can have these slabbed with the 25th Anniversary notation in addition to the FS designation.
These are not to be confused with the regular, business strike 2011 $50 AGE bullion coins which are available only from Mint Bullion APs.
It also has "25th Anniversary" label on it
Ebay Link
Well, just Love coins, period.
<< <i>Hate to say it, but IMO that is too much money for the coin while these are still available... >>
I agree with you and I guess everyone else did too as i don't think it sold.
GEM BU MS65+ NGC MS69
1995 $970 $980
1996 $1020 $1030
If you can get good looking coins at this level you are OK.
Eric
<< <i>WANTED 1/2oz MS GOLD EAGLES
GEM BU MS65+ NGC MS69
1995 $970 $980
1996 $1020 $1030
If you can get good looking coins at this level you are OK.
Eric >>
Awesome thanks for the info!
<< <i>Great info Raufus, please let us know what you find out as I am considering purchasing one, although I'm not sure whether to order from the mint and receive a grading reject or just buy one on the secondary market in a holder with the OGP. >>
Will do. Thanks.
<< <i>Hate to say it, but IMO that is too much money for the coin while these are still available... >>
It is a bit steep. Of course, by the time it's clear that it's a great coin (if every) it will be too late.
I remember the emails from First Coin Source about PCGS MS and PF70FS 2008 W buff sets that seemed just a few hundred too high. If only I had jumped on a few of these....those prices were quite a bargain in retrospect!
Box of 20
Well, no harm done as I know what you mean; still maybe there is just a tad too much emphasis on hypergrading of these later date coins...
Well, just Love coins, period.
<< <i>Are there price pressures on the 2006-2008w's 1 oz AGEs? They are all keys in the series. The 1/4 oz seem to be doing a lot better than the 1 oz. >>
Acoording to greysheet the '06 and '07 W $50 only retain a nominal premium to common dates. Havent followed ebay sales though.
<< <i>Lightcycler, have to say it does sound strange to hear that one coin is rarer because it is in a different holder.LOL!
Well, no harm done as I know what you mean; still maybe there is just a tad too much emphasis on hypergrading of these later date coins... >>
I probably should have said lower pop. The pcgs holder will get a big premium on this one I think
<< <i>pcgs 70 pops much lower than ngc certainly the rarer coin at this point. You probably made a great great buy at 2100 raufus. Depends if gold takes another breather or not. >>
Hi Lightcycler-
I hope that you're right.
There is still potentially a long time for sales, but the FS pop will likely be low. Of course, this will only matter if the overall pop stays low. Time will tell....
<< <i>Has the mint adjusted the initial price of the 2011 UNC AGE? With the way gold has been bouncing around, I haven't been able to keep up with the price. anyone one know what the y were originally offered at? >>
IIRC, there has not been a single price adjustment since offered, but if gold stays in the current price range ($1550-1559), the price will be $50 higher on next Wed.
Thanks revoldlog