latest stats. I will be gone for the rest of the evening, so I will post now. I know there are a good many auctions ending tonight. I'll update this when I get back.
<< <i>Do I own one of the first spotted 08 rev of 07 that has been posted here? I just received this from Gainesville coins. It has the brown chalky type of toning.
>>
Wow, the spots are getting talented and even migrate off the coin. DAMN you milk spots
PEACE! This is the first day of the rest of your life.
Harv and anyone else that is interested---- if you send me an email john@moderncoinmart.com I will tell you where to buy the zip bags. We use tons of them so we don't buy the thicker mil as they are more costly and a bit bulkier. I do believe they are incredibly cheap in quantity. John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>Harv and anyone else that is interested---- if you send me an email john@moderncoinmart.com I will tell you where to buy the zip bags. We use tons of them so we don't buy the thicker mil as they are more costly and a bit bulkier. I do believe they are incredibly cheap in quantity. John >>
www.shipitcatalog.com
2 mil recloseable with white writing block 3" x 4" # 90842R2 approx $22 per 1,000
same thing with no writing block # 0707R2 approx $21 per 1,000
<< <i>if you send me an email john@moderncoinmart.com >>
Hello there John. Can you enlighten us based on your experience being that ModernCoinmart was in the ground floor i believe when the 2008 Reverse 2007 came out of the scene. Do you think theres less than the estimated 47K which made it out of the mint ? And is there a very limited supply out there based on Ebay sales currently being offered at auction? Thanks in advance.
<< <i>if you send me an email john@moderncoinmart.com >>
Hello there John. Can you enlighten us based on your experience being that ModernCoinmart was in the ground floor i believe when the 2008 Reverse 2007 came out of the scene. Do you think theres less than the estimated 47K which made it out of the mint ? And is there a very limited supply out there based on Ebay sales currently being offered at auction? Thanks in advance. >>
Maybe the mint is waiting until they get done ransacking the warehouse and other places to see how many they can recover before announcing final estimates.
Mcmaster.com also has a great selection of bags. 3" x 4" with write-on block at 100 for $1.88 #1959T52. I order from them all the time and they ship fast.
“Twenty years from now you’ll regret more the things you didn’t do than those you did.” Mark Twain
<< <i>Harv and anyone else that is interested---- if you send me an email john@moderncoinmart.com I will tell you where to buy the zip bags. We use tons of them so we don't buy the thicker mil as they are more costly and a bit bulkier. I do believe they are incredibly cheap in quantity. John >>
You can get them at Walmart and Michaels for $2.99 for a bag of 100. Link to Michaels
If it turns out there are only 18,000 08/07 eagles in circulation...could the price reach the 1995-w proof levels? Now that we are breaking the $300 level, I'm wondering if there are much less out there than reported?
CB- I have no reason to doubt the 47K number. However, I think they are so spread out and most were shipped in the weeks prior to the discovery, so the result is that a large percentage (50%?) are in hands that still are not aware of the variety and perhaps never will be. The average person ordering these from the mint really isn't an enthusiast as we are here. They buy 'em, look at 'em, put 'em away, and order another next year. John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>CB- I have no reason to doubt the 47K number. However, I think they are so spread out and most were shipped in the weeks prior to the discovery, so the result is that a large percentage (50%?) are in hands that still are not aware of the variety and perhaps never will be. The average person ordering these from the mint really isn't an enthusiast as we are here. They buy 'em, look at 'em, put 'em away, and order another next year. John >>
I have been waiting for someone to say this. I was thinking along the same lines. Silver Eagles are probably the most widely collected next to mint and proof sets. How many people order 3-5 per year, put 'em away for their grandkids and DON'T live on the boards or subscribe to CW or NN? There could be 5K easily sitting in people's collections unknown IMO.
The power of PCGS.... Moderncoinmart just had a dutch aution for 5 PCGS 70 2008/07 end at $1357.00. .Moderncoinmart also had 25 2008/07 NGC 70 just end at $ 450.00. Maybe breakout a NGC for PCGS submission ?
<< <i>CB- I have no reason to doubt the 47K number. However, I think they are so spread out and most were shipped in the weeks prior to the discovery, so the result is that a large percentage (50%?) are in hands that still are not aware of the variety and perhaps never will be. The average person ordering these from the mint really isn't an enthusiast as we are here. They buy 'em, look at 'em, put 'em away, and order another next year. John >>
couple of things.. any lawyers or citizen activists here?.. what would it take to file a FOIA (Freedom of Information Act) filing and force the Mint to disclose the true number of these coins they made?.. and would the Mint have to disclose it or could they invoke some kind of immunity?..
John.. if i'm reading the front page of your site correctly, you're selling the NGC MS69 Early Releases for the same price as the PCGS MS69 First Strike - $259.95.. i find this interesting, for some reason.. what this tells me is that you don't think the brand name on the plastic makes any difference in the price.. at least not in MS69.. for another reason, considering raws are topping $300.00 on eBay, and it'd be a total crap-shoot for any eBay bidder to buy one raw for $40.00 more than a 69, based on nothing more than a photograph.. then have to pay all the Postage and grading fees to try to get the holy 70 on the label (after they inspect the coin and decide it COULD possibly maybe perhaps make 70).. when they could just as easily end up with a 69 that cost them considerably more than one already in either slab.. plus at this point in time, they're not going to get either an Early Releases or First Strike label.. what are they thinking?.. what am i missing?..
i agree with you that there are probably a lot of the 08/07s out there that people who aren't jacked into this whole thing just bought, as usual, stuck in their albums, and don't know they have a coin worth at minimum ten times what they just paid for it.. and, depending on whatever the final confirmed number made is, has the potential to be worth a hundred times $25.95.. and as mentioned before, i bet there were some huge bulk buys from the teevee hucksters who buy mountains of ASEs every year and colorize them.. just like they Gold-plate and colorize State Quarters.. and hawk them in between the Dale Earnhardt wall clocks and Vanna White costume jewelry.. and they buy them early on, so it's quite possible a lot of the error coins got into their hands and they didn't even notice or know they were the 08/07s.. of course, now they've known for weeks, which is why shoppenbc or whatever they're called. sold out of them in a few hours over the weekend at CONSIDERABLY higher prices than you're charging..
"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>The power of PCGS.... Moderncoinmart just had a dutch aution for 5 PCGS 70 2008/07 end at $1357.00. .Moderncoinmart also had 25 2008/07 NGC 70 just end at $ 450.00. Maybe breakout a NGC for PCGS submission ? >>
you'd HAVE to crack it out of an NGC 70 slab.. since PCGS won't cross anyone else's 70 at a minimum of 70.. if you submit someone else's 70, you have to leave the "minimum grade" column on the PCGS submission form blank.. and cross your fingers.. i know you know that.. some folks may not know.. it's in the fine print on the back of the PCGS submission form..
"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)..
Sorry Coinboy, I musta missed it on page 28 of this thread!
Hrlaser-
I'm no lawyer, but I've worked in TV news and been around journalists who file this stuff. Evidently it's fairly simple...we could probably work one up. Whether or not they agree with us is the big question of course.
<< <i>latest stats. I will be gone for the rest of the evening, so I will post now. I know there are a good many auctions ending tonight. I'll update this when I get back.
In MS70, I think the PCGS non FS will be worth considerably less than the FS...... should it be that way? Ask me, I say no, but the market is always the determining force.
To clarify, I am saying that the FS should be closer in price to the non FS, not the other way around.
In MS69, NGC is outselling PCGS for us by about 5 to 1, thus the same price. Granted, we are known primarily for NGC product and that no doubt drives these numbers at least in part.
Paying $300 for raw coins is no different than pulling the handle on a slot machine. If it 70's you're a winner.
Eventually, the raw, unless sealed or fresh beyond a doubt will be worth the same as the 69's.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
Hi JohnMaben what are your predections on ths coin, As many people are comparing this with 1995-w coin. As many of the form members are expexting that the price will be increasing.
As to where they are: there was a spotting earlier in this thread of an 08/07 used for a colorized ASE. Seems they would use the non-W. Did anyone confirm that spotting? --Jerry
THANKS JESSE for posting the stat's: very relevant, interesting, and ... even on-topic!
Postings of recent mint orders have slowed -- no one is getting new orders? There's gotta be a few strays on the warehouse shelves.
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
if it turns out the mint made mistakes and there are more like 1 million of these and not 47,000, I feel bad for those that spent a fortune for something that looks like last years eagle but with a 2008 on it instead of 2007. I dont feel so bad buying Prez First Day Covers for 15 bucks, at least I know they are actually struck on the first day.
couple of friends ordered and received on May 7, zero 2007 reverse.
my opinion on pcgs vs ngc in fs and er seems to be slowly closer to reality, on this type of coin (error/variety) not much diff in price
i've been saying less than 30k-40k even before the usm released the 47k number, I dont even think you'll get there......predicting less than 25k pieces.
this is a winner, and to ensure it stays there, this variety needs to be made part of the base W set and listing carry thru to the red book
I think the 95-W comparison's are pie in the sky wishful thinking. To start with, one is proof, one is unc. One has a mint mark that previously was not seen on proofs, one does not. One commemorates an anniversary, one does not. Proof ASE are perceived as the "top tier" of ASE collecting designed for collectors, uncs are uncs. The only way to get the 95-W was in the 5 coin set that most could not afford, the rev '07 is available by chance or on the secondary market. The 95-W has always been a symbol of prestige while the new variety is just that, a new variety.
Now, do I think they will continue to go up? I don't know, but they sure do look strong. Will they ever see even close to 95-W levels? Not a chance in my opinion.
With all that said, they are still a very interesting coin, that most ASE collectors will want to own.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>while the new variety is just that, a new variety. >>
Why is this a variety and not an error John? Isn't a variety intentional and thus should have been continously mass produced by the Mint or advertised to be made only say for a limited time or number and then they will proceed in making the intended '08 reverse? Where as in this case they had to investigate and found the 07 reverse dies meaning they did not intentionally do this or did they? hmmmmm
For some reason May 7th seemed to be a big shipping day for W's. It will be interesting to see the reports today but I still think the 08/07's are mostly gone.... Looking out the window for the Fedex truck with my 2 orders.
The obverse and reverse dies used to make this coin were both perfect, nothing unusual about them. The fact that they were paired makes for the variety not an error. While the pairing MAY have been unintentional..... and we do not know that for sure.... perhaps they needed to use the '07 reverse die because they were short 08's and inadvertantly didn't even consider the redesign.... It just doesn't quite fit the mold for an error in my opinion.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>The obverse and reverse dies used to make this coin were both perfect, nothing unusual about them. The fact that they were paired makes for the variety not an error. While the pairing MAY have been unintentional..... and we do not know that for sure.... perhaps they needed to use the '07 reverse die because they were short 08's and inadvertantly didn't even consider the redesign.... It just doesn't quite fit the mold for an error in my opinion.
Comments
<< <i>Do I own one of the first spotted 08 rev of 07 that has been posted here? I just received this from Gainesville coins. It has the brown chalky type of toning.
Wow, the spots are getting talented and even migrate off the coin. DAMN you milk spots
Fred, Las Vegas, NV
buy the thicker mil as they are more costly and a bit bulkier. I do believe they are incredibly cheap in quantity.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>Harv and anyone else that is interested---- if you send me an email john@moderncoinmart.com I will tell you where to buy the zip bags. We use tons of them so we don't
buy the thicker mil as they are more costly and a bit bulkier. I do believe they are incredibly cheap in quantity.
John >>
www.shipitcatalog.com
2 mil recloseable with white writing block 3" x 4" # 90842R2 approx $22 per 1,000
same thing with no writing block # 0707R2 approx $21 per 1,000
800-481-3600
<< <i>if you send me an email john@moderncoinmart.com >>
Hello there John. Can you enlighten us based on your experience being that ModernCoinmart was in the ground floor i believe when the 2008 Reverse 2007 came out of the scene. Do you think theres less than the estimated 47K which made it out of the mint ? And is there a very limited supply out there based on Ebay sales currently being offered at auction? Thanks in advance.
<< <i>www.shipitcatalog.com
2 mil recloseable with white writing block 3" x 4" # 90842R2 approx $22 per 1,000
same thing with no writing block # 0707R2 approx $21 per 1,000
800-481-3600 >>
Looks like they are out of business
<< <i>
<< <i>if you send me an email john@moderncoinmart.com >>
Hello there John. Can you enlighten us based on your experience being that ModernCoinmart was in the ground floor i believe when the 2008 Reverse 2007 came out of the scene. Do you think theres less than the estimated 47K which made it out of the mint ? And is there a very limited supply out there based on Ebay sales currently being offered at auction? Thanks in advance.
Maybe the mint is waiting until they get done ransacking the warehouse and other places to see how many they can recover before announcing final estimates.
<< <i>There is a 2008 w ase reverse of 07 here with no bids yet...http://charity.jkwd.com/items.html >>
Very nice, Kudos to the donor
Joe
<< <i>Is the 3"x4" size a good one to hold a pcgs slab? >>
Yes it is and NGC and ICG too.
<< <i>Harv and anyone else that is interested---- if you send me an email john@moderncoinmart.com I will tell you where to buy the zip bags. We use tons of them so we don't
buy the thicker mil as they are more costly and a bit bulkier. I do believe they are incredibly cheap in quantity.
John >>
You can get them at Walmart and Michaels for $2.99 for a bag of 100.
Link to Michaels
Now that we are breaking the $300 level, I'm wondering if there are much less out there than reported?
quick search after work
I have no reason to doubt the 47K number. However, I think they are so spread out and most were shipped in the weeks prior to the discovery, so the result is that a large percentage (50%?) are in hands that still are not aware of the variety and perhaps never will be. The average person ordering these from the mint really isn't an enthusiast as we are here. They buy 'em, look at 'em, put 'em away, and order another next year.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>CB-
I have no reason to doubt the 47K number. However, I think they are so spread out and most were shipped in the weeks prior to the discovery, so the result is that a large percentage (50%?) are in hands that still are not aware of the variety and perhaps never will be. The average person ordering these from the mint really isn't an enthusiast as we are here. They buy 'em, look at 'em, put 'em away, and order another next year.
John >>
I have been waiting for someone to say this. I was thinking along the same lines. Silver Eagles are probably the most widely collected next to mint and proof sets. How many people order 3-5 per year, put 'em away for their grandkids and DON'T live on the boards or subscribe to CW or NN? There could be 5K easily sitting in people's collections unknown IMO.
commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
-------------------------
I think John is 100% correct on this.
<< <i>CB-
I have no reason to doubt the 47K number. However, I think they are so spread out and most were shipped in the weeks prior to the discovery, so the result is that a large percentage (50%?) are in hands that still are not aware of the variety and perhaps never will be. The average person ordering these from the mint really isn't an enthusiast as we are here. They buy 'em, look at 'em, put 'em away, and order another next year.
John >>
couple of things.. any lawyers or citizen activists here?.. what would it take to file a FOIA (Freedom of Information Act) filing and force the Mint to disclose the true number of these coins they made?.. and would the Mint have to disclose it or could they invoke some kind of immunity?..
John.. if i'm reading the front page of your site correctly, you're selling the NGC MS69 Early Releases for the same price as the PCGS MS69 First Strike - $259.95.. i find this interesting, for some reason.. what this tells me is that you don't think the brand name on the plastic makes any difference in the price.. at least not in MS69.. for another reason, considering raws are topping $300.00 on eBay, and it'd be a total crap-shoot for any eBay bidder to buy one raw for $40.00 more than a 69, based on nothing more than a photograph.. then have to pay all the Postage and grading fees to try to get the holy 70 on the label (after they inspect the coin and decide it COULD possibly maybe perhaps make 70).. when they could just as easily end up with a 69 that cost them considerably more than one already in either slab.. plus at this point in time, they're not going to get either an Early Releases or First Strike label.. what are they thinking?.. what am i missing?..
i agree with you that there are probably a lot of the 08/07s out there that people who aren't jacked into this whole thing just bought, as usual, stuck in their albums, and don't know they have a coin worth at minimum ten times what they just paid for it.. and, depending on whatever the final confirmed number made is, has the potential to be worth a hundred times $25.95.. and as mentioned before, i bet there were some huge bulk buys from the teevee hucksters who buy mountains of ASEs every year and colorize them.. just like they Gold-plate and colorize State Quarters.. and hawk them in between the Dale Earnhardt wall clocks and Vanna White costume jewelry.. and they buy them early on, so it's quite possible a lot of the error coins got into their hands and they didn't even notice or know they were the 08/07s..
of course, now they've known for weeks, which is why shoppenbc or whatever they're called. sold out of them in a few hours over the weekend at CONSIDERABLY higher prices than you're charging..
- John Wayne, "The Shootist" (1976.. his final film)..
<< <i>The power of PCGS.... Moderncoinmart just had a dutch aution for 5 PCGS 70 2008/07 end at $1357.00. .Moderncoinmart also had 25 2008/07 NGC 70 just end at $ 450.00. Maybe breakout a NGC for PCGS submission ? >>
you'd HAVE to crack it out of an NGC 70 slab.. since PCGS won't cross anyone else's 70 at a minimum of 70.. if you submit someone else's 70, you have to leave the "minimum grade" column on the PCGS submission form blank.. and cross your fingers.. i know you know that.. some folks may not know.. it's in the fine print on the back of the PCGS submission form..
- John Wayne, "The Shootist" (1976.. his final film)..
<< <i>I said it last week >>
Sorry Coinboy, I musta missed it on page 28 of this thread!
Hrlaser-
I'm no lawyer, but I've worked in TV news and been around journalists who file this stuff.
Evidently it's fairly simple...we could probably work one up. Whether or not they agree with us
is the big question of course.
commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
-------------------------
Alas, I must be at work bright and early, but here's the link for anyone with spare time tonight
commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
-------------------------
<< <i>latest stats. I will be gone for the rest of the evening, so I will post now. I know there are a good many auctions ending tonight. I'll update this when I get back.
Higher prices and less offerings.
Economics 101
To clarify, I am saying that the FS should be closer in price to the non FS, not the other way around.
In MS69, NGC is outselling PCGS for us by about 5 to 1, thus the same price. Granted, we are known primarily for NGC product and that no doubt drives these numbers at least in part.
Paying $300 for raw coins is no different than pulling the handle on a slot machine. If it 70's you're a winner.
Eventually, the raw, unless sealed or fresh beyond a doubt will be worth the same as the 69's.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>I was just posting data. Interpret as you may. I can stop posting if it is annoying. >>
It is great!
Thanks for the effort!
Link to Just completed Auction
JK about modern junk, of course.
For the 1995-W there is no First Strike or Early Release.
Just another facet to consider for the 07/08 price speculations.
impressive data and charts!
i still think that prices will settle and those who wish to own one
will not have to pay moon money!
Guaranteed to be the Mint release of the year!
Postings of recent mint orders have slowed -- no one is getting new orders? There's gotta be a few strays on the warehouse shelves.
0 or 30, one coin had come out of the capsule, and was scuffed up.
I told him to send them back, the Mint doesn't ask questions.
Party over? I'm tempted to order more, but feel the chances are slim, now that the news has broke.
If I could travel just 6 months into the future.
That's what they claim, just another widget.
my opinion on pcgs vs ngc in fs and er seems to be slowly closer to reality, on this type of coin (error/variety) not much diff in price
i've been saying less than 30k-40k even before the usm released the 47k number, I dont even think you'll get there......predicting less than 25k pieces.
this is a winner, and to ensure it stays there, this variety needs to be made part of the base W set and listing carry thru to the red book
pcgs 70 fs 1350 vs ngc er 70 1225.
I think the 95-W comparison's are pie in the sky wishful thinking. To start with, one is proof, one is unc. One has a mint mark that previously was not seen on proofs, one does not. One commemorates an anniversary, one does not. Proof ASE are perceived as the "top tier" of ASE collecting designed for collectors, uncs are uncs. The only way to get the 95-W was in the 5 coin set that most could not afford, the rev '07 is available by chance or on the secondary market. The 95-W has always been a symbol of prestige while the new variety is just that, a new variety.
Now, do I think they will continue to go up? I don't know, but they sure do look strong. Will they ever see even close to 95-W levels? Not a chance in my opinion.
With all that said, they are still a very interesting coin, that most ASE collectors will want to own.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>while the new variety is just that, a new variety. >>
Why is this a variety and not an error John? Isn't a variety intentional and thus should have been continously mass produced by the Mint or advertised to be made only say for a limited time or number and then they will proceed in making the intended '08 reverse? Where as in this case they had to investigate and found the 07 reverse dies meaning they did not intentionally do this or did they? hmmmmm
While the pairing MAY have been unintentional..... and we do not know that for sure.... perhaps they needed to use the '07 reverse die because they were short 08's and inadvertantly didn't even consider the redesign.... It just doesn't quite fit the mold for an error in my opinion.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>The obverse and reverse dies used to make this coin were both perfect, nothing unusual about them. The fact that they were paired makes for the variety not an error.
While the pairing MAY have been unintentional..... and we do not know that for sure.... perhaps they needed to use the '07 reverse die because they were short 08's and inadvertantly didn't even consider the redesign.... It just doesn't quite fit the mold for an error in my opinion.
John >>
-Paul