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

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  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    I ordered 10 on 4/23 and they were shipped today. Let you know if I get any. I ordered 10 yesterday and I just ordered another 10 a few minutes ago. That's good news for you Clackamas. My two boxes of 5 each and one box of 2 I received on 4/11 will remain unopened for the first strike. Sending them in blind to see what I get.
  • bumanchubumanchu Posts: 1,383 ✭✭✭

    FYI. Placed 2 orders on 4-20-08: (1) 25 coins--delivered 4/25/08 by FedEx. 25 of 25 08/07rev. (2) 10 coins--delivered today to Post Office by DHL 10 of 10 08/07 rev.

    Not too shabby.......
    And I ain't lying this time.
  • aficionadoaficionado Posts: 2,309 ✭✭✭
    Are you people paying for expedited shipping ?

    An order of 10 doesn't meet the $300 Fedex threshold, so I would think you'll get snail mail.



  • << <i>Are you people paying for expedited shipping ?

    An order of 10 doesn't meet the $300 Fedex threshold, so I would think you'll get snail mail. >>



    when you hit the $300 mark they upgrade to overnight at no extra cost.
    my ebay items BST transactions/swaps/giveaways with: Tiny, raycyca,mrpaseo, Dollar2007,Whatafind, Boom, packers88, DBSTrader2, 19Lyds, Mar327, pontiacinf, ElmerFusterpuck.
  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    I put in an order for 1000 on the 20th and got 976/1000 of the 08/07 today. I didn't see any 70's so I am going to send them back to the mint. I hope people on the boards here don't get on me too much for returning them.
  • 08HALA2008HALA20 Posts: 3,066 ✭✭✭


    << <i>I put in an order for 1000 on the 20th and got 976/1000 of the 08/07 today. I didn't see any 70's so I am going to send them back to the mint. I hope people on the boards here don't get on me too much for returning them. >>




    image

    Joe
  • hrlaserhrlaser Posts: 1,133 ✭✭


    << <i>I put in an order for 1000 on the 20th and got 976/1000 of the 08/07 today. I didn't see any 70's so I am going to send them back to the mint. I hope people on the boards here don't get on me too much for returning them. >>



    April Fools day was a month ago..
    "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)..


  • << <i>Are you people paying for expedited shipping ?

    An order of 10 doesn't meet the $300 Fedex threshold, so I would think you'll get snail mail. >>



    I did.


  • << <i>I put in an order for 1000 on the 20th and got 976/1000 of the 08/07 today. I didn't see any 70's so I am going to send them back to the mint. I hope people on the boards here don't get on me too much for returning them. >>



    Man............you checked 1000 today.
    I bet the mint refuses your returns because of the blood from your fingers.
  • BurnieBurnie Posts: 441 ✭✭✭
    Hi i'm new to the boards, although I have been lurking for a long time... I have been collecting modern (mainly Silver Eagles) coins for the last couple of years and have become interested in the burnished Eagle's, now that there is this new "error" coin I decided to take a chance and buy two MS 70 Early Releases for $600 for the pair. I know its too early to know if this was a good purchase or not, but I have been thinking of also trying to buy some raw. My question is are the errors still available at the Mint?

    BST transactions Wondercoin, MCM, levinll, Zrlevin and ajaan. Been buying and selling coins on E-Bay since 2002 as Monk2580
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,286 ✭✭✭✭✭


    << <i>Hi i'm new to the boards, ... My question is are the errors still available at the Mint? >>




    Hey Burnie, welcome to a great place. That answer is yet to be known.
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    Welcome to the boards. I will post to see what I find on my orders placed last week and this week. Its a crapshoot but only way to know is to try. I am a die-hard ASE collector anyway so even if there are none of the 07 reverses I am cool with my orders.
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    <<Hi i'm new to the boards, although I have been lurking for a long time... I have been collecting modern (mainly Silver Eagles) coins for the last couple of years and have become interested in the burnished Eagle's, now that there is this new "error" coin I decided to take a chance and buy two MS 70 Early Releases for $600 for the pair. I know its too early to know if this was a good purchase or not, but I have been thinking of also trying to buy some raw. My question is are the errors still available at the Mint?>>

    Are the errors still available? Could be, just received a box of 25, no errors, ordered 2 weeks ago.

    I'm sure by now the Mint has pulled the error coins off the shelf, news travels fast.

    Sometimes you make the boat, and most of the the time, like myself, you miss it.

    Good luck with your purchase.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • SaamSaam Posts: 548 ✭✭✭


    << <i>

    << <i>Are you people paying for expedited shipping ?

    An order of 10 doesn't meet the $300 Fedex threshold, so I would think you'll get snail mail. >>



    when you hit the $300 mark they upgrade to overnight at no extra cost. >>



    I ordered over $300 worth of these yesterday but status shows "on hold" although payment has already been withdrawn. No mention of being send overnight via Fedex.
  • clackamasclackamas Posts: 5,615


    << <i>

    << <i>

    << <i>Are you people paying for expedited shipping ?

    An order of 10 doesn't meet the $300 Fedex threshold, so I would think you'll get snail mail. >>



    when you hit the $300 mark they upgrade to overnight at no extra cost. >>



    I ordered over $300 worth of these yesterday but status shows "on hold" although payment has already been withdrawn. No mention of being send overnight via Fedex. >>



    If the Cancel box is gone you will not see the fedex shipping # until morning. B then they are almost at your house.


  • << <i>Hi i'm new to the boards, although I have been lurking for a long time... I have been collecting modern (mainly Silver Eagles) coins for the last couple of years and have become interested in the burnished Eagle's, now that there is this new "error" coin I decided to take a chance and buy two MS 70 Early Releases for $600 for the pair. I know its too early to know if this was a good purchase or not, but I have been thinking of also trying to buy some raw. My question is are the errors still available at the Mint? >>



    Hi Burnie, and welcome to Lurkers Anonomous.

    I know of someone who just got a box of 50/50 the other day so it may not be too late to get some.


  • HyperionHyperion Posts: 7,440 ✭✭✭
  • TootawlTootawl Posts: 5,877 ✭✭✭


    << <i>I ordered over $300 worth of these yesterday but status shows "on hold" although payment has already been withdrawn. No mention of being send overnight via Fedex. >>



    I ordered 20 2 days ago. This is the current status of my order:
    "Order Status: Your order request has been suspended. "
    The Cancel box is removed. The item status says "In Stocka nd reserved".

    Suspended?? What the hell????
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • SaamSaam Posts: 548 ✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Are you people paying for expedited shipping ?

    An order of 10 doesn't meet the $300 Fedex threshold, so I would think you'll get snail mail. >>



    when you hit the $300 mark they upgrade to overnight at no extra cost. >>



    I ordered over $300 worth of these yesterday but status shows "on hold" although payment has already been withdrawn. No mention of being send overnight via Fedex. >>



    If the Cancel box is gone you will not see the fedex shipping # until morning. B then they are almost at your house. >>



    The Cancel box is still there. Maybe it has something to do with sending them to a PO Box.
  • 08HALA2008HALA20 Posts: 3,066 ✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>

    << <i>Are you people paying for expedited shipping ?

    An order of 10 doesn't meet the $300 Fedex threshold, so I would think you'll get snail mail. >>



    when you hit the $300 mark they upgrade to overnight at no extra cost. >>



    I ordered over $300 worth of these yesterday but status shows "on hold" although payment has already been withdrawn. No mention of being send overnight via Fedex. >>



    If the Cancel box is gone you will not see the fedex shipping # until morning. B then they are almost at your house. >>



    The Cancel box is still there. Maybe it has something to do with sending them to a PO Box. >>





    If your shipping address doesn't match the credit card address it will be a long wait. They will have to verify the address by sending you a letter.

    USPS PO boxes require DHL delivery to PO.
    Fedex must have a street address.

    If need be call them and change info.
    Joe

  • 123 auctions
    -69 40 32.5%
    -70 19 15.4
    Other 64 52.0
  • I put in some very small orders for 2 or 3 at a time hoping that they would get processed faster because of no "hold". They just sit there "in process" for days with the cancel option available.image
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    Presto. First page.
    Gold and silver are valuable but wisdom is priceless.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,286 ✭✭✭✭✭


    << <i>Presto. First page. >>


    image
  • hrlaserhrlaser Posts: 1,133 ✭✭


    << <i>Presto. First page. >>



    image
    "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)..
  • OK drumroll please my order just arrived.....

    I ordered 12 (to get the free Fedex shipping) on 4/25 order number 2878XXXX. I have 11/12 with '07 reverses! Someone mentioned that the location of the barcode label had something to do with if it had an '07 reverse or not. All the labels on mine were on the bottom except 1 did not have a lablel (but it was not the '08 reverse).

    The coin with the '08 reverse looks like it has more of a matte finish than the ones withthe '07 reverse. You can really tell the difference with them side by side.
    I'd keep playing. I don't think the heavy stuff will be coming down for quite a while!
  • CoxeCoxe Posts: 11,139
    Likely to return through the same hole in the roof in the other direction in time. Predatory flippers can make a bundle for now though.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
  • SilverstateSilverstate Posts: 1,537 ✭✭✭
  • mr1931Smr1931S Posts: 6,242 ✭✭✭✭✭
    I have 11/12 with '07 reverses! Someone mentioned that the location of the barcode label had something to do with if it had an '07 reverse or not.

    These are not rare! As for the barcode location being the difference,this sounds far-fetched as an explanation.

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>I have 11/12 with '07 reverses! Someone mentioned that the location of the barcode label had something to do with if it had an '07 reverse or not.

    These are not rare! As for the barcode location being the difference,this sounds far-fetched as an explanation. >>




    What is not rare? The '07 reverse on '08? If so, what are you basing that on? A few posters who said they got some?
    Gold and silver are valuable but wisdom is priceless.
  • CasmanCasman Posts: 3,935 ✭✭


    << <i>I have 11/12 with '07 reverses! Someone mentioned that the location of the barcode label had something to do with if it had an '07 reverse or not.

    These are not rare! As for the barcode location being the difference,this sounds far-fetched as an explanation. >>




    Don't be a image
  • vplitevplite Posts: 1,385 ✭✭✭


    << <i>Likely to return through the same hole in the roof in the other direction in time. Predatory flippers can make a bundle for now though. >>



    I agree these coins are an unwise investment at current prices. Predatory is a harsh word though. I see it as someone who got a windfall and wants to nail a quick profit selling to someone who is gambling this type of ASE will be eagerly bid up in the future. That's what makes a horse race.

    If I had any I would be selling ASAP. JMHO.
    The Golden Rule: Those with the gold make the rules.
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>Likely to return through the same hole in the roof in the other direction in time. Predatory flippers can make a bundle for now though. >>



    If you are saying the price will return to bullion I seriously doubt it. The only way I could see that happening is if the mint continues to use the '07 die. Otherwise, I could see a base of $150 to $200 minimum in the future with a good possibility of much higher-especially graded 70.
    Gold and silver are valuable but wisdom is priceless.
  • mr1931Smr1931S Posts: 6,242 ✭✭✭✭✭
    Don't be a image Sell these while you can.

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • mr1931Smr1931S Posts: 6,242 ✭✭✭✭✭
    What is not rare? The '07 reverse on '08? If so, what are you basing that on? A few posters who said they got some?

    Check the Rachel reports on PCGS populations given earlier in this thread. The population numbers are only going to go up on '07 reverse on '08. My prediction is that we will see these population numbers will go up at a staggering rate and well-establish the non-rarity of this issue.

    Place an order and don't get any? That's not rarity. Place an order and get high percentage with the '07 reverse? News flash.That's not rarity either.

    Obvious to me,it's about time for another "Rachel Ratio" calculation.

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    I would say if you have some and need to recover some money then just sell a part of what you have. If everyone dumps thinking the value will go down then the value will go down for the short term. I would say keep your powder dry. Who knows what you really have.
    Gold and silver are valuable but wisdom is priceless.
  • clackamasclackamas Posts: 5,615
    Just had an order for 25 arrive - Nada, zilch, all rev of 08. Party seems to be over. Order placed on the 25th, shipped yesterday.
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>Just had an order for 25 arrive - Nada, zilch, all rev of 08. Party seems to be over. Order placed on the 25th, shipped yesterday. >>



    Some orders place on the 25th came up with some. Seems to be luck of the draw for now. Kind of like a lottery scratch-off only you can return the ticket if you don't win. Ha-I know that statement will make some people's skin crawl. I almost feel like a shower myself.
    Gold and silver are valuable but wisdom is priceless.
  • 2manycoins2fewfunds2manycoins2fewfunds Posts: 3,036 ✭✭✭
    Bummer...........
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    A few days ago raws were around $300 then dropped due to glut Monday at around $175. Yesterday I picked up a couple for $200 which was also the average and this morning it seems they are fetching $225+!

    I think there will be another short term spike when this weeks paper edition of CW comes out with the Mint's estimate on the front page. I'll be interested to see what the dealers in CW and NN will be pricing these over the next few paper editions.

    Ren
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>A few days ago raws were around $300 then dropped due to glut Monday at around $175. Yesterday I picked up a couple for $200 which was also the average and this morning it seems they are fetching $225+!

    I think there will be another short term spike when this weeks paper edition of CW comes out with the Mint's estimate on the front page. I'll be interested to see what the dealers in CW and NN will be pricing these over the next few paper editions.

    Ren >>



    I saw one on tv last night in NGC 70 for $799. Wow, I don't know if it sold.
    Gold and silver are valuable but wisdom is priceless.
  • FWIW, I posted the results of my order because other posters asked for results of current orders. I never said that they were rare.

    There are quite a number of ASE collectors, and if the 08 with 07 reverse is recognized as a variety and is included in the albums or registry sets, the price may increase over time because this coin would be needed to complete the set.

    I'd keep playing. I don't think the heavy stuff will be coming down for quite a while!
  • hrlaserhrlaser Posts: 1,133 ✭✭


    << <i>FWIW, I posted the results of my order because other posters asked for results of current orders. I never said that they were rare.

    There are quite a number of ASE collectors, and if the 08 with 07 reverse is recognized as a variety and is included in the albums or registry sets, the price may increase over time because this coin would be needed to complete the set. >>



    i don't know how many ASE collectors there are.. from anecdotal evidence, reading here and there, the three top-most collected series of coins are MorgEn DollErs, Lincoln cents, and ASEs.. or possibly State Quarters..

    but.. anyone who wants a complete set of ASEs better have about six grand for the 1995-W.. which will leave a lot of complete setters who also like to eat and pay bills with a gaping hole in the book (not that anyone would shove a 1995-W Proof naked into an album.. but who knows.. someone might.. i saw the lowest-graded 2000-W LOC BiMetallic Proof i've ever seen on TeleTrade last week, graded PCGS PR65DCAM.. PR65!?.. but i digress..)..

    it's MY opinion, and i think i share it with some others here, while others will vehemently disagree.. that the 2008 Reverse of 2007 ASE has tremendous upside potential, and it ain't nowhere near there yet, and it may not get there for weeks, months, or a couple of years.. or some people will say it'll never get there.. right now it's hot rats, eBay is flooded with them, so they're going cheap.. relatively speaking, if you call $200.00 to $250.00 for a $25.00 coin cheap.. (for a 69)..

    there are still too many questions left unanswered.. the fact that the Mint has admitted to the error is a given.. the numbers 45,000 and 47,000 have been bandied about but the question is, how many of those actually got shipped?.. how many of them got bought in bulk by the teevee hucksters and colorized before they knew the error existed?.. how many of them has the Mint caught and unboxed and replaced with 2008 / 2008s?.. none of this is known yet.. the exact numbers THAT STILL EXIST, that aren't marching off to the melting pot may never be known.. pop reports' numbers increase daily.. well duh..

    i've got a bunch of 69 ERs and i'm not selling yet.. i might not sell for weeks, months.. years.. i can wait it out.. i've sold too soon before and regretted it for years.. but rarely have i sold too late and missed a window of opportunity.. but i'm not living in a refrigerator box in an alley.. i'm not starving.. i don't have mountains of debt.. i don't NEED a couple hundred bucks THAT badly.. so no matter how many i get, i'll keep at least ONE.. for years..

    Harv
    "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)..
  • image

    All my FS's will be in the Bank Box in a few hours, after they get vacuumed packed by my FoodSaver.
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    In my opinion this is one to hold on to. There will always be the flipper out there who wants the quick buck but I don't think this will be one of those flash in a pan coins. Hey, you hold on to those proof sets forever and they usually go no where but down. This is a better one to hold.
    Gold and silver are valuable but wisdom is priceless.
  • CoinMeisterCoinMeister Posts: 642 ✭✭✭✭
    Whether this is a variety or an error....either way it is exists and it is an was made/produced by the US Mint. There are sufficient numbers available for those who want/need them to have them. If a person collect Silver Eagles, then the 2008 REV 2007 is a must. However, if a person is not a variety/error collector, then you are probably off the hook.
    "What we are never changes, but who we are ... never stops changing."
  • jsfjsf Posts: 1,889
    cs, how many 08/08s did you get? I just have the two that came with my usual subscription.

    I have a few 08/07s and am so tempted to sell just enough to recoup my initial outlay..., well, actually to rebuild my PP account for my next classic silver or gold purchase. I believe I will sell some other coins, though.

    These ASE errors came out just as I was between other major coin purchases. I decided that I had to play the ASE game at this time. Usually I just get a few for the grandkids.
  • Ok...You CAN tell which reverse you have and not even pry out a coin. The packaging is completly different:

    2008 Rev:- Box bigger/thinner, shiny finish, center seal impression spaced further from "American Eagle", looks more like Gold Buffalo box, 2007/2008 covers not interchangeable


    image

    2008 Barcode either horizontal or on side of package/2007 verticle and centered

    image

    image


    2007 coins much easier to remove from box

  • Six nine nine.........

    Who wants it?
    image
  • me

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