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Thanks to John Nanney's Discovery, 2008 ASE's with 2007 reverse going through the roof

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  • 19Lyds19Lyds Posts: 26,490 ✭✭✭✭


    << <i>6900

    -D >>

    You sneaky Devil! image
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • I had no idea about these. Read this thread at work and got giddy because I recalled buying 100 eagles in early 2008. I rush home, crack open my collection, and *drum roll* I bought 2005's towards the end of November 2007. Must've been a good deal.... To make matters worse, I apparently, thought it'd be 'cool' to buy silver coins from other mints, so I have 2008 Kookaburas, philharmonics, and maples instead of eagles. Bah!
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    WOW . . . This thread still popping up after nearly 4 years ! ! ! image

    image

    HH
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • CCC2010CCC2010 Posts: 1,997 ✭✭✭


    << <i>WOW . . . This thread still popping up after nearly 4 years ! ! ! image

    image

    HH >>



    Yes sir... Those were the Good Ol' days. Thanks to you John! image
    References:Coinsarefun,DerryB,Bloodman,Zubie,Gerard,Skyman,Bestclser1,Lakesammman,Yellowkid,PerryHall,Piecesofme,HTubbs,grote15
    Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
    Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
  • WOW . . . This thread still popping up after nearly 4 years ! ! !

    That's because alot of still remember the night you posted a pic of the first 2008 rev of 07 on these boards.......your still the man..it's not something that will fade in your lifetime........it was HUGE..image
  • lope208lope208 Posts: 1,960 ✭✭
    Nostalgia!

    I was actually just looking at these in my SDB the other day for the first time a long time. I forgot I still had 3 floating around. Thought I'd sold them all.

    Are the prices still similar today, or did they crash?
    Successful BST transactions:
    commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
    -------------------------


  • << <i>WOW . . . This thread still popping up after nearly 4 years ! ! ! image

    image

    HH >>



    YOU STILL DA` MAN!!!

    i got 19 of them direct from the mint because of this thread. 4 orders of 12 each gave me 19 out of 48. talk about timingimage
    my ebay items BST transactions/swaps/giveaways with: Tiny, raycyca,mrpaseo, Dollar2007,Whatafind, Boom, packers88, DBSTrader2, 19Lyds, Mar327, pontiacinf, ElmerFusterpuck.
  • C0INB0YC0INB0Y Posts: 627 ✭✭
    I would say that this PCGS US Coin Forum site and this thread specifically has provided to us and the Coin Collection world one of the most closely documented discovery of a major US Mint Error, ever.

    We can follow the actual posting of the discovery coin itself, follow the spread of the news to witness the official confirmation of the US Govt. by the revelation of the breakdown of production runs and the manufacturing production correlated with the actual dies used. We saw all that HERE on this PCGS thread!

    We saw the official account of this Mint Production 'anomaly' posted here first, by the US Mint (because it was forced by a PCGS's Forum member’s timely filing of a Freedom of Information Act (FOIA) Request).


    image

    This Thread is **Priceless**!
    I was ‘COINB0Y' with 4812 posts and ‘Expert Collector’ ranking (Joined in 2006).
  • I was not around here in 2008 and had just started buying PM's. Bought up a bunch of 2008 W's in 2009 from Ebay. Actually read an article somewhere and started looking. Found like 5 of them. One guy sent me two image. Sold them all. Well in the end I bought them in the high $20's each. So I ended up with a lot of burnished coins for zero invested. Glad I'm here to get the info first hand today. Thanks for that.
    Currently working with nurmaler. Older transactions....circa 2011 BST transactions Gecko109, Segoja, lpinion, Agblox, oldgumballmachineswanted,pragmaticgoat, CharlieC, onlyroosies, timrutnat, ShinyThingsInPM under login lightcycler


  • << <i>WOW . . . This thread still popping up after nearly 4 years ! ! ! image

    image

    HH >>



    I actually remember you from bragging/sharing about this coin on Kitco several years ago. I'm definitely envious to say the least imageimage
  • ObiwancanoliObiwancanoli Posts: 1,065 ✭✭✭
    I still have a couple of these in the SDB, raw... I remember reading a blurb on the NGC site, and ordered 4 coins... two were the '07 Reverse, and I tucked them away... I'll part with 'em someday, not sure I'd have them graded, but you never know...
    UBERCOINER

    A Truth That's Told With Bad Intent
    Beats All The Lies You Can Invent
  • BoomBoom Posts: 10,165
    I have a couple (graded & properly attributed)! They are definitely in One of my boxes of 20, LOL - and I don't foresee parting with them. Never say never though.image Great discovery.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Well would you look at that! The letter U is in a different font. Isn't that something! Who here thinks they did it on purpose?

    there's been 346 pages on this subject, can someone tell us what page the pictures of the coin are on, or post a new one?

    thanks

    Liberty: Parent of Science & Industry

  • 19Lyds19Lyds Posts: 26,490 ✭✭✭✭


    << <i>Well would you look at that! The letter U is in a different font. Isn't that something! Who here thinks they did it on purpose? >>

    Just as purposeful as all them other die varieties that exist in US coins.




    Oh crap. I said coins!
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    According to the 2012 RB, 47,000 is now the listed mintage of this variety/error.
    Can anyone else dispute this figure? Is this now gospel?
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • hrlaserhrlaser Posts: 1,133 ✭✭


    << <i>According to the 2012 RB, 47,000 is now the listed mintage of this variety/error.
    Can anyone else dispute this figure? Is this now gospel? >>



    Yeah.. that's the figure the Mint's Spokesman, Michael White, was spewing out.. the same figure commonly used in the press, and in dealer sales and eBay and other auctions, and it's wrong.. the Mint THEMSELVES lowered that number in writing!.. It took a Freedom of Information Act filing to get the true number Minted..

    The true figure was 46,318 struck.. this was verified in detail in a FOIA reply from the Mint, which member "Lope" here requested years ago.. the Mint charged him over $380.00 for the "research", and many of us chipped in to help him cover the costs..

    He posted scans of everything IN this same thread.. I don't know if he took down the scans of the FOIA response or not, but I saved them.. the 46,318 coins were struck during a single, three-shift day.. 18 dies were used, although three of them struck no coins.. the FOIA response breaks down how many were struck per die, including each die's serial number..

    What's NOT known is how many of the 46,318 struck actually got OUT of the Mint's warehouse, and into the hands of collectors and dealers.. Lope asked the Mint in a follow-up letter, and they never answered, to the best of my knowledge, but many people reported that they ordered the ASEs, hoping to get the errors during the VERY brief window of opportunity, and got non-error coins that were in half-closed capsules, or even totally out of their capsules, rattling around loose in the shipping carton, with obvious dents in the bottom of the little plastic tray that held the two-part capsule.. this was most likely caused by Mint warehouse workers furiously going through remaining inventory, looking for error coins, and, when finding them, pushing their capsules out from behind (causing the dent in the plastic tray), and sloppily replacing them with non-error coins..

    I put Lope's scans of his FOIA request, and the Mint's multi-page response on my server, after saving his scans from this Forum thread..

    You are free to grab them at::

    Link as long as I decide to leave that file there.. i promise you, it is a safe link, and the files are merely a bunch of .jpegs that I Zipped together..

    He redacted his full name and address with gray bars, when he posted the scans, for obvious reasons..

    "I won't be wronged, I won't be insulted, I won't be laid a hand on.. I don't do these things to other people.. I require the same of them.."
    - John Wayne, "The Shootist" (1976.. his final film)..
  • DuPapaDuPapa Posts: 495 ✭✭
    The original John Nanney Post about his discovery has only 77 replies....


    Linked below

    2008-W UNC ASE Question? ? ?
  • RaufusRaufus Posts: 6,805 ✭✭✭✭✭
    Thanks for the link!!

    I never saw the original thread. How cool to see a report from the one who discovered this so close to the moment of discovery.

    It's really remarkable that John ever noticed this. Just amazing.
    Land of the Free because of the Brave!
  • hrlaserhrlaser Posts: 1,133 ✭✭
    You're welcome for the link.. those FOIA pages may still be online way back in this ginormous thread, but that's why I saved Lope's .jpegs..

    I never saw the original discovery thread either.. just this one.. seems like it was a beer brawl about upper and lower case "U"s.. there were, of course, other differences, between the 2007 and 2008 Reverse designs. the placement and size of the stars, and the shape of the " ~ " tilde.. so there are at least those three diagnostics..

    I also have a photograph of a CW ad I shot on 24 June, 2008, when Coast to Coast was offering $600.00 per raw error coin, and selling raws for $675.00, along with a lot of other photographs I grabbed out of this thread.. sometimes, people post photos using CU's photo-posting mechanism, and sometimes they self-host them (like I do).. and then take them off their server after a while.. so when I see a photo of interest that I want to save, because I don't know if it will vanish in the future or not, I save it..

    Meanwhile, the RB's 47,000 figure is wrong, and so is every guide, dealer ad, and eBay listing, and every other description of these errors that use that number..

    To me, the frustrating part is, although we know exactly how many were Minted, we'll probably never know how many actually got out of the warehouse.. it could be hundreds or even thousands fewer than 46,318.. the error coins could be much rarer than anyone knows.. did the Mint even keep any records of how many their warehouse worker bees found, and replaced with normal coins?.. I don't know.. Lope asked, and they never told him.. maybe the Mint doesn't even know..

    It's kind of like the 2000 Cheerios $.. there were 5500 of them tossed into that many out of of ten million boxes of Cheerios, twelve years ago.. who mainly eats packaged cereal?.. kids.. I suspect a lot of those VERY valuable pattern coins were pulled off the cards and spent by kids, and went into circulation.. some could be, and probably are still on the cards, in desk or dresser drawers, shoeboxes, albums, or jars of change, owned by people who are not collectors, who just kept them as souvenirs, having absolutely NO idea they have a coin that is worth from five to ten grand..

    image

    I probably bought over a dozen boxes of Cheerios over the course of however long the "specially marked" boxes were in supermarkets, (and it wasn't even known that those $s were a rare pattern coin during that promotion), because there was also some tiny number of boxes that had a certificate in them for either a thousand, or five thousand Brass Bucks (I can't remember).. but I only got the cards with the 2000 cent on it.. I kept two, and gave the rest away as free bonuses, when I sold a coin on eBay, or to friends.. those rare pattern $s weren't in US Mint Proof Sets, Mint Sets, Mint rolls, or Mint bags sold to collectors.. ONLY on 5500 cards spread across ten million boxes of Cheerios.. distrubed across the entire USA..


    "I won't be wronged, I won't be insulted, I won't be laid a hand on.. I don't do these things to other people.. I require the same of them.."
    - John Wayne, "The Shootist" (1976.. his final film)..
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭

    Now that's a lot of Cheerios ! ! ! :p

    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭

    Thanks for the flashback. This issue and the 2006 silver anniversary Sets were my biggest landslides from the Mint.

    Now riding the swell in PM's and surf.
  • BillsonBillson Posts: 77 ✭✭✭
    edited April 15, 2018 4:35PM

    For those interested, attached is the FIOA and response from the US Mint.

    Successful BST transactions:
    Buy and sold to Wondercoin,
    Buy from: mbogoman, sol15g

  • ECHOESECHOES Posts: 2,974 ✭✭✭✭✭

    Blast from the past, thanks...

    ~HABE FIDUCIAM IN DOMINO III V VI / III XVI~
    POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
    Love for Music / Collector of Dreck
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭

    One thing I found interesting was that the coins were struck 3x.

    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • JBKJBK Posts: 15,540 ✭✭✭✭✭
    edited April 16, 2018 3:16AM

    Although the letter undoubtedly pertains to the variety, I don't see any specific language regarding this. Am I missing something?

    Also, it says that 3 dies struck no coins, but only 2 show 0, and one shows 3 strikes.... maybe no blank was in place and the dies clashed?

  • sfs2002usasfs2002usa Posts: 852 ✭✭✭

    Picked up one last week a 1st Strike PCGS MS69 - For a measly $325! Still very valuable in the numismarket

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,286 ✭✭✭✭✭

    Sold 2 MS 70s on eBay in the past couple months. Got about $800 each. ((NGC holders)

  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭

    Remember this thread like it was yesterday and the frenzy that ensued. Anyone still have raw ones from the Mint? Good Ol Z8F's for $25.95 a piece, good times.

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭

    Yes amazingly I got a box of 10! Still raw.

    Now riding the swell in PM's and surf.
  • BurnieBurnie Posts: 441 ✭✭✭

    Great times indeed. I was very fortunate thanks to John and took a chance on some bulk orders at the time. I placed 3 separate orders of 50 each, out of 150 coins I ended up with almost 100 errors! I couldn't believe my luck! I sold most of them in the next few weeks for $150 - $200 each. When I saw the price was still going up I bought 4 graded from MCM for about $250 each. I kept almost 50 in the SDB and have sold a few over the years. Probably still have around 30 ungraded and a few graded. Don't expect to see anything like that again!

    BST transactions Wondercoin, MCM, levinll, Zrlevin and ajaan. Been buying and selling coins on E-Bay since 2002 as Monk2580
  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭

    @Burnie said:
    Great times indeed. I was very fortunate thanks to John and took a chance on some bulk orders at the time. I placed 3 separate orders of 50 each, out of 150 coins I ended up with almost 100 errors! I couldn't believe my luck! I sold most of them in the next few weeks for $150 - $200 each. When I saw the price was still going up I bought 4 graded from MCM for about $250 each. I kept almost 50 in the SDB and have sold a few over the years. Probably still have around 30 ungraded and a few graded. Don't expect to see anything like that again!

    Incredible! Great buy!

  • sfs2002usasfs2002usa Posts: 852 ✭✭✭

    I see this topic was back to the fore - four years on : I had purchased
    my usual batch of 10 units when prices were reasonable. I
    received 4 units which were errors, and still have them. I did
    also purchase 3 NGC 70 ER units for about $250 before the prices
    jumped; and looking back on this thread I picked up a 69 pcgs fs for
    a reasonable price. I wanted the flag label to complete an ase set.

    Hope we see another such error in common coinage. We did have
    the 1/4 Oz bullion with W mint mark a couple of years ago but too
    expensive for my budget.

  • logger7logger7 Posts: 8,513 ✭✭✭✭✭

    Buy on the rumor, sell on the news.

  • coinsarefuncoinsarefun Posts: 21,729 ✭✭✭✭✭

    I sold mine PCGS a few years back……now I want one raw. But, prices seem to be climbing.
    If anyone wants to part with a raw one for reasonable I would be more than happy to purchase one.

  • sfs2002usasfs2002usa Posts: 852 ✭✭✭

    coinsarefun - Have you tried the ubiquitous source : ebay ?

  • coinsarefuncoinsarefun Posts: 21,729 ✭✭✭✭✭

    @sfs2002usa said:
    coinsarefun - Have you tried the ubiquitous source : ebay ?

    Yes, I’ve been looking. Is that the going rate now for one?
    I didn’t realize they were going for that price range.
    And, thanks for the link

  • tommyrusty7tommyrusty7 Posts: 2,017 ✭✭✭✭

    I got 15 of them from the mint and had them all graded at PSGS. Got 14 MS 69's and 1 MS70. Sold the 70 for $2100 and the 69's for $600 each and never looked back. I believe I paid $25.95 for them when I bought them. Not a bad profit and moved on to the next mint error which was the 09 pennies which I had thousands of. Altho not an error I was in one of the areas that got the 2019 & 20 W quarters too . That was my last dip into mint products but it had been a great run for me. The mint has not had a screw up since !

  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭

    Coinsarefun, please define reasonable?
    I am interested in what people think the reasonable versus going price would be for these in a raw state?

    Now riding the swell in PM's and surf.
  • tommyrusty7tommyrusty7 Posts: 2,017 ✭✭✭✭

    @coinsarefun said:

    @sfs2002usa said:
    coinsarefun - Have you tried the ubiquitous source : ebay ?

    Yes, I’ve been looking. Is that the going rate now for one?
    I didn’t realize they were going for that price range.
    And, thanks for the link

    They have not really gone up much since I dumped all of mine. I think I got rid of them at their peak.

  • tommyrusty7tommyrusty7 Posts: 2,017 ✭✭✭✭

    The ones that I really made a killing on were the 09 pennies that you can't give away today.

  • ConshyboyConshyboy Posts: 453 ✭✭✭✭

    I am fairly new to this Forum and didn't really start collecting coins till around 2010 can someone please explain this error as I have never heard anything about it and I would love to hear the story around it

  • tommyrusty7tommyrusty7 Posts: 2,017 ✭✭✭✭

    The mint had a press with the 07 reverse that they did not take off the press and when they started up the 08 they did not take the 07 reverse off that press until they had already made quite a few with the wrong reverse on them. I forgot the amount that were made.

  • sfs2002usasfs2002usa Posts: 852 ✭✭✭

    The amount was roughly 45k - The telling difference being the visible serif on the "U"

  • ConshyboyConshyboy Posts: 453 ✭✭✭✭

    @tommyrusty7 said:
    The mint had a press with the 07 reverse that they did not take off the press and when they started up the 08 they did not take the 07 reverse off that press until they had already made quite a few with the wrong reverse on them. I forgot the amount that were made.

    Thank you for your reply

  • tommyrusty7tommyrusty7 Posts: 2,017 ✭✭✭✭

    That was the amount I was thinking about but being 84 my thinker is not doing so well!

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