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

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  • TootawlTootawl Posts: 5,877 ✭✭✭
    CRAP!! Missed post #100 by 1 lousy post. image




    image
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • fcfc Posts: 12,793 ✭✭✭
    it seems there is no end to the amount of these available.
    to me it means that everyone who wants one will pay a slight premium
    and get to enjoy the fun.
  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭


    << <i>CRAP!! Missed post #100 by 1 lousy post. image



    Am I missing something?

    Miles
    image >>

    Now riding the swell in PM's and surf.
  • BochimanBochiman Posts: 25,377 ✭✭✭✭✭


    << <i>it seems there is no end to the amount of these available.
    to me it means that everyone who wants one will pay a slight premium
    and get to enjoy the fun. >>




    I'd agree.....it is somewhat similar to the smooth edge GW Dollars....they came out, when high pretty quick, then massively settled after a few months.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • Yes....I am really enjoying it now.....Thanks

    Adam
  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭
    If there are a lot available then it means the average coin collector can enjoy it.
  • aficionadoaficionado Posts: 2,309 ✭✭✭
    Ya know, the "masses" haven't even got wind of this yet.

    The WI extra leaf was out for a few weeks, then boom, the media got a hold of it and prices went to the moon.

    I'd also like to add that there are a lot of collectors of Silver Eagles, so I think even 100,000 would be low.



  • Geeze, look at this auction

    And it still has 6 hours to go!

    I notice there are no PCGS reverse of 7 eagles on ebay.
  • pitbosspitboss Posts: 8,643 ✭✭✭
    PCGS has not yet decided to recognize them.
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    That $800 coin can be had on their web site for $325.00. That is an insane price. You don't think the mint is halting all shipments to verify this reverse does not go out. They did it with the the Monroe Dollar struck on Quarter planchets.


  • << <i>PCGS has not yet decided to recognize them. >>



    That's a bit obtuse for a company that's a leader in their field...

    I wonder when they will recognise this? image
  • mach19mach19 Posts: 4,002 ✭✭
    I purchased a few on the 'Bay when John's story broke, Received Two in the mail today with the 2007 reverse for 70.00 shipped. Have a good one!!! image



    Edit: Thank's for the heads up John image
    TIN SOLDIERS & NIXON COMING image
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>it seems there is no end to the amount of these available.
    to me it means that everyone who wants one will pay a slight premium
    and get to enjoy the fun. >>




    How do you come to that conclusion? Do you know how many are out there?
    Gold and silver are valuable but wisdom is priceless.
  • coinkid855coinkid855 Posts: 5,012 ✭✭✭
    Here's an update guys....I recieved the proof coin that appeared to have a Reverse of 2007 from the picture, but it looks like the guy just put and old reverse picture together with a new obverse one. I'm going to try to sell it before I attempt a return....b/c I just don't want to deal with a return. lol

    Also, i recieved me two NGC 69's Reverse of 2007's from Gainesville coins....$138 total =)



    -Paul
  • 7over87over8 Posts: 4,733 ✭✭✭
    I would disagree with the perception that these are "as available" as the smooth edge Washington $ - -

    I lend my opinions to factual evidence and what I and several other collectors have experienced.......

    I have factual knowledge of at least 2000-2500 eagles that have been searched and have turned up around 5-7% "07 reverses".

    I also know that the early subscription orders turned up very very few coins , if ANY.

    The orders that did turn up coins were not solid packed with 07 reverses, rather scattered in the shipments (this contradicts one member claiming to get 46 in one box of 50)

    Orders that were placed a week to two weeks after release and received in and around April 5-10th seem to have the biggest success rate at finding these 07 reverse, but again, they were not jammed packed.....5-10-12% at best.

    Given that the ASE has soooooo many collectors, and this is the ONLY easily distinguishable variety in 20+ years of coinage, this coin could easily fetch $150+ raw in a very stabilized market with even 75,000 pieces.........

    Now for my educated guess, I think there are probably less than 25,000 of these out there. A stabilized price at 25,000 mintage - - anyone's guess.
  • TootawlTootawl Posts: 5,877 ✭✭✭


    << <i>

    << <i>CRAP!! Missed post #100 by 1 lousy post. image



    Am I missing something?

    Miles
    image >>

    >>



    It's an old Open Forum thing. image
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • pitbosspitboss Posts: 8,643 ✭✭✭
    I know that I got a box of 07 rev with 12 out of 12 in it
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    I put in an order on April 15th and it says "In Stock and Reserved". I am wondering if it should really say "In Stock and We're Checking for any Crazy 8's in Your Order Before we Send out". Just a thought.
    Gold and silver are valuable but wisdom is priceless.
  • 7over87over8 Posts: 4,733 ✭✭✭
    OK Pitboss...

    We'll add your 12 for 12 to the 2500 I've seen searched....

    Revised 7.4% instead of 7%................
  • pitbosspitboss Posts: 8,643 ✭✭✭
    My shipping date was 4/21 if it helps in your calculations.
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>OK Pitboss...

    We'll add your 12 for 12 to the 2500 I've seen searched....

    Revised 7.4% instead of 7%................ >>




    Keep in mind however that the final percentage will be based on the total sold which is a pretty big number. I don't think the mint will continue to produce this variety very long. It has possibly already been stopped and corrected.
    Gold and silver are valuable but wisdom is priceless.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Just got the one that I sent to Coin World back. The article is in the May 5th CW and on CW Online now.

    Paul Gilkes has contacted the Mint trying to get the lowdown but last I heard, they have not responded.

    Regards,

    John
    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!
  • I went to ModernCoinMarts website Sunday, and inquired about pricing, as it said 'call for pricing'. Today, I received an email from them.....they will only charge me $299 instead of the $325 on the site. Big savings for a coin that went up a gagillion % in a week.
  • mach19mach19 Posts: 4,002 ✭✭


    << <i>Just got the one that I sent to Coin World back. The article is in the May 5th CW and on CW Online now.

    Paul Gilkes has contacted the Mint trying to get the lowdown but last I heard, they have not responded.

    Regards,

    John >>





    John, Do you have a link to the coin world article ?
    TIN SOLDIERS & NIXON COMING image
  • Well I have some ordered on the 20th that the mint says are" in stock and reserved" with no cancel option.
    Hopefully they will arrive in 1-2 days and I can add to the information pool................
  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    I ordered 10 on the 20th and they already charged my credit card and picked them for shipment. I don't expect to get any of the subject coins but it will be great if I do.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    John, Do you have a link to the coin world article ?

    LINK

    Dang, I copied the HTTP directly from the Online edition but it only takes you to the Home Page.
    I have to log-on to view CW online. Wonder if this is why it won't link up.

    Tried again. It just won't link to the CW On-Line for me.

    Regards,

    John

    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!
  • 7over87over8 Posts: 4,733 ✭✭✭
    ok so we have ship dates of "found" 2007 reverses in and around 4/10 through 4/21.

    anyone else care to supply info?
  • 7over87over8 Posts: 4,733 ✭✭✭
    jessewu

    dont write off the possibility of getting any.

    so far, the subject coins have been found in shipments AFTER the initial subscriptions were filled......sweet spot so far being deliveries in the 4/10-4/21
  • I was an early recipient of 25 on a subscription....2007 rev's= zero, nada, ziltch.....waiting on a second orderimageimage
  • 7over87over8 Posts: 4,733 ✭✭✭
    boucharda -

    your story is very much like tens of others,

    subscriptions yielded no 07 reverses........
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    OK put an order for 5 more ASE MS Ws. See what happens.
  • I don't know if anyone is interested, but Gainsville has the 2008 Silver Eagle Reverse of 2007 for $150. It's better than e-Bay.
  • KaelasdadKaelasdad Posts: 1,232 ✭✭✭
    The latest NN mint sales report shows that almost 500,000 2008 W proofs have been sold since release. It also shows almost 2 million non W bullion coins were released. Its not a reach to say that there are at least a few hundred thousand ASE collectors. Now, the 20th anniversary set released 250,000 Reverse Proofs--and those are still very expensive in the right grade, in the right holder.

    The 1995 W ASE has a mintage of just over 30,000 and its a $4000 plus coin.

    If the mint unintentially released 100,000 of these reverse of 2007 coins--the collector base is already set up

    What if they only released 5,000? Right now, there looks to be a glut, because only 100 or less people even know of the boo boo.

    What happens when the other hundred thousand plus ASE collectors find out?

    And what if the rumor that the error extends to the other 2008 ASE issues holds water?
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    ok so we have ship dates of "found" 2007 reverses in and around 4/10 through 4/21.

    My little 2 were shipped on 4/08, rec. 4/14.
    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!
  • I ordered a box of (50) the day the news of the reverse of 2007 hit on the forum. My order shipped on 4/22 and I received it today, however I wasn't home so
    i am getting it redelivered tomorrow. I noticed today that the batch they had is sold out and another batch is on backorder. It will be interesting to see if the old reverse die is still in production or was it retired with the batch that sold out. If anyone places orders today and after AND receives any of the old reverse type, please post your finds.

    Now I'm wondering if I should keep my box of 50 sealed from the mint.
  • fcfc Posts: 12,793 ✭✭✭


    << <i>

    << <i>it seems there is no end to the amount of these available.
    to me it means that everyone who wants one will pay a slight premium
    and get to enjoy the fun. >>




    How do you come to that conclusion? Do you know how many are out there? >>



    one can hardly compare this to the extra leaf quarters. did you see
    forum members checking their stashes and coming up with one all
    the way to many multiples? i do not remember it like that.

    many forum members are stating they already have them and some
    have many more already on the way for grading.

    i am just giving my opinion. they seem to be common.
    am i upsetting the people who wish to see them rise in price by this
    opinion? it is looking like hundreds were found just by forum members
    alone!
  • It seem to me that it's just going to be a short burst of these things that's going to get out. ...Can you imagine how few and far between the MS70's might be???

    Adam
  • GrivGriv Posts: 2,804
    My thoughts exactly.
  • 7over87over8 Posts: 4,733 ✭✭✭
    dont under estimate the stabilized price on these being in the hundreds, even if thousands are found,

    in one of the most popular series being collected
  • YaHaYaHa Posts: 4,220
    I read back and I think I even posted a thread that since 2002 the mints were not going to have no errors because of the latest tech. Now we are seeing errors at least every year since then, the Wisconsin leaf error,the West Virgina cud, the bison spear, the Minnesota DDr, penny errors. I might be wrong like my posts before but here's another one. The mint does this crap so the chases and flippers will hog up everything and the new Y/N buys and buys until he/she figures out that the game is rigged. Just my opinion.image

    I don't like error coins for the reason is what is the point. You can't connect them with a perfect set of coins you collect. I have a few yes, but I look at em and I don't know just don't think they are special.
  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>I read back and I think I even posted a thread that since 2002 the mints were not going to have no errors because of the latest tech. Now we are seeing errors at least every year since then, the Wisconsin leaf error,the West Virgina cud, the bison spear, the Minnesota DDr, penny errors. I might be wrong like my posts before but here's another one. The mint does this crap so the chases and flippers will hog up everything and the new Y/N buys and buys until he/she figures out that the game is rigged. Just my opinion.image I don't like error coins for the reason is what is the point. You can't connect them with a perfect set of coins you collect. I have a few yes, but I look at em and I don't know just don't think they are special. >>



    Most errors have nothing to do with technology. A human put the wrong reverse die into service. --Jerry
  • Yes you can YaHa, if they are MS69 or MS70 and are a variety you will need it to complete your set Yes sometimes it does seem rigged as to how come Gainesville Coins got all those that they are selling! I ordered one just so if mine are not the error I will have one for my set.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Ha, Now I have to find an '08 rev. of '08 for my set.
    Guess I'll order some more from the mint in hopes that I get a NEW reverse. image

    Regards,

    John
    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!
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Received an e-mail from Paul Gilkes this AM. He is doing a follow-up article for the 5/12 CW issue.
    Won't give me the scoop until after they publish. DANG! image

    Regards,

    John
    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!
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>

    << <i>

    << <i>it seems there is no end to the amount of these available.
    to me it means that everyone who wants one will pay a slight premium
    and get to enjoy the fun. >>




    How do you come to that conclusion? Do you know how many are out there? >>



    one can hardly compare this to the extra leaf quarters. did you see
    forum members checking their stashes and coming up with one all
    the way to many multiples? i do not remember it like that.

    many forum members are stating they already have them and some
    have many more already on the way for grading.

    i am just giving my opinion. they seem to be common.


    am i upsetting the people who wish to see them rise in price by this
    opinion? it is looking like hundreds were found just by forum members
    alone! >>





    Yes you are upsetting.image I am just suggesting that maybe it is a little premature to judge the numbers of this variety. In the mean time can't we have a little fun over this rare break from the usual mint issues. You may be right and you were near the first with this opinion but I was just curious what process lead you to this conclusion since a few posters with some hits over a few days doesn't exactly strike me as a great number when compared with the total mintage and collector base. One other thing to consider- the extra leaf quarters were distributed through the banking system for the most part were they not? The uncirculated ASE's are only through the mint. Wouldn't it make sense that a higher percentage of finds would be made by forum members earlier on by this distribution system? Just a thought.
    Gold and silver are valuable but wisdom is priceless.
  • My order of 50 that came today was 50/50 reverse of 2008. Oh well, they are beautiful coins anyway!
  • ManorcourtmanManorcourtman Posts: 8,023 ✭✭✭✭✭


    << <i>My order of 50 that came today was 50/50 reverse of 2008. Oh well, they are beautiful coins anyway! >>



    Bummer! I have an order coming tomorrow, I'll post my results also.
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    Looks like Modern Coin Mart is selling them for $119 and $299 undercutting gainvillecoins prices. How many of these do they have?
  • fcfc Posts: 12,793 ✭✭✭


    << <i>Looks like Modern Coin Mart is selling them for $119 and $299 undercutting gainvillecoins prices. How many of these do they have? >>



    my opinion is that they have a lot ;-)
    they must know something we do not otherwise they would be pricing them
    more aggressively? or maybe they do not have that many and simply want to use
    them as a way to get people to their website?

    but my thoughts are that there must be 1000s of them if not more in the range
    of 10000+

    just a guess. a gut feeling. i have no interest in them either way accept the discussion.

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