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

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  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    XA1 shows IN STOCK at the US Mint. I thought they minted all those coins at the same time..

    LOST IS ON!
  • ca0100000ca0100000 Posts: 362 ✭✭
    image
    Mint just sent Product Notification E-Mail with this picture.
    Now in its third year, the American Eagle One Ounce Silver Uncirculated Coin offers silver precious metal purchasers a collectible version of the popular American Eagle Silver Bullion Coin. Each coin also bears the “W” mint mark reflecting its striking at the United States Mint at West Point. Discover this coin and its proof counterpart on the United States Mint Online Catalog
  • I just opened a delivery I got today. I had ordered 5 ASE 2008 W UNC. The order Date was 4/14 and delivery date was today 4/24 - They were picked 4/22
    ALL 5 were the 2007 REV.
    Guess I got lucky...............

    Best wishes to all

    << <i>Living a day at a time! >>

    J Macs COINS n Collectibles
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    My order was placed on 3/18. Expected ship date for the XA1 is 05/09.
    The ship date has been moved back several times.
    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!
  • what are the Xa1's ??
    J Macs COINS n Collectibles
  • Just found it
    J Macs COINS n Collectibles
  • AkbeezAkbeez Posts: 2,694 ✭✭✭✭✭


    << <i>No, don't do that! I think it's fun and exciting to hear stuff like this John, I really do. This kind of excitment does not come along often and it could bring some new collectors into the fold. I just might have missed something along the line and I was wondering why it hasn't been revealed yet, rumor or not, that's all. Sorry if I irked you a little, I was really just trying to figure it out. Knowing that you don't have the pieces in hand makes more sense. I was reading it as if whatever the issue was, it was seen on multiple coins and the story was waiting to "break" for just the right moment. You know, like when Fox news says something like “thousands dead, and dying, could you be next? Find out at 11”

    Not irked at all, guess I should have put a smiley by the P. S. image
    Logical questions that I would have also asked if someone left me dangling.

    I actually called NGC to see about grading the '07 rev that I had sent to Coin World as a "Discovery Coin" (they are leaning toward not, being as so many are now out but still haven't given me the final answer).
    While talking to this person I was trying to "pull as much info out of him" as I could. LOL


    Regards,

    John >>



    Yo John, keep it flowing! You seem to have the insider edge. Seems like if there are other finishes with the 07 reverse, someone would have chimed in by now ( there was ONE bullion piece mentioned here). How many proofs have been checked out?

    Thanks for keeping us posted -- this is WAY cool. AK
    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
  • mach19mach19 Posts: 4,002 ✭✭


    << <i>i just KNOW some of the XA1 sets have 2008 reverses!!!! hehehe

    Hope so!

    I ordered an XA1 when I ordered the '08-W ASEs and some Kennedy rolls. Try to combine orders to save on shipping fees.

    Everything is shipping at different times XA1 is still BO. >>





    I ordered some in December, They show in stock & reserved now!!!

    Have a good one!!!
    TIN SOLDIERS & NIXON COMING image
  • I bought some of the XA1 when they first came out...nada on them!
  • jsfjsf Posts: 1,889
    93
  • SUMORADASUMORADA Posts: 4,797
    93.............what?
  • jsfjsf Posts: 1,889
    why aren't we out fishing?

    .

    93 ebay auctions for 07 reverse errors;

    just a way to keep track;

    I wonder how many are buying and holding, for now?

    throw more bait

    onward
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Folks, I've been trying to get more info. Really tried to get Paul Gilkes to spill the beans to me but I guess he values his job too much.
    All he would tell me was I'd just have to wait until the 5/12 follow-up article in CW publishes. DANG! I will sure be online to see it next week. I can hardly wait to see what excuse the Mint gave!

    Best 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!
  • ZIP!!! Ordered 12 W's on 4/20..shipped 4/25 at 430am (today) and arrived in Massachusetts at 1015am....all 2008 rev's but quality is great. the mint is crankin' them out
  • I believe there will be tons of these and the 2008 will be the rare one.


  • << <i>I believe there will be tons of these and the 2008 will be the rare one >>



    You would think that the W's that are being minted now would be all 2008 rev's so there should be many more of them. I am 37-0 2008 vs 2007 rev's so I hope you are right
  • CasmanCasman Posts: 3,935 ✭✭
    Fedex just dropped 150 off at my house, I'm at work now. Now i had an order for 99 more, and there was an order number, but when I went back later to check on it, it was completely gone, no record at all. I think that has happened before and they were eventually delivered, but I can't remember for sure. Anybody ever had that happen?


  • << <i>

    << <i>I believe there will be tons of these and the 2008 will be the rare one >>



    You would think that the W's that are being minted now would be all 2008 rev's so there should be many more of them. I am 37-0 2008 vs 2007 rev's so I hope you are right >>

    image

    All mines are also 08 reverse.
  • I know PCGS just started grading this ...........so no pop reports..

    How long before we can get pop reports from accross the street ??



    Dan
    Fishing is not a matter of life and death.......It's much more important than that........
  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭
    Because PCGS announced very late, does this mean few coins will have the 2007 Reverse variety designation and a First Strike pedigree?
  • SilverstateSilverstate Posts: 1,537 ✭✭✭


    << <i>I believe there will be tons of these and the 2008 will be the rare one. >>



    I wonder if this will be true?

    We should be seeing results by monday in the pop reports....
  • I just received 17 that were ordered on Sunday the 20th..........

    9 were packed at 3:56 P.M. on the 23rd and 8 at 6:34 A.M. on the 24th

    They came in 4 seperate boxes of 3-3-3-8

    5 of the 9 pulled on the 23rd were reverse of 07.

    8 of 8 pulled on A.M. of the 24th were 07 reverse.

    It would appear these are spread all through the time period from 4-13-08 through at least 4-24-08.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Looks there is probably more than 4-5000 extant.
    Guess that means multiple dies are involved.
    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!
  • rgCoinGuyrgCoinGuy Posts: 7,478


    << <i>Looks there is probably more than 4-5000 extant.
    Guess that means multiple dies are involved. >>



    If there are only 4-5000 of these, that will probably only be 1% of the mintage, going off last years mintage. It will be interesting to see how many are out there, there have been an aweful lot of reports on here of people getting them, and I think there may be a whole lot more than 4-5000.
    imageQuid pro quo. Yes or no?
  • I agree there appear to be more than 4-5,000.

    If the recent 5-10% estimates hold and there are say 200,000-300,000 ASEs already released then number may be closer to 10-30,000 but hey........thats in range of the 1995-W.

    IMO anything below 50,000 and thse will be BIG winners.
  • CasmanCasman Posts: 3,935 ✭✭


    << <i>Fedex just dropped 150 off at my house, I'm at work now. Now i had an order for 99 more, and there was an order number, but when I went back later to check on it, it was completely gone, no record at all. I think that has happened before and they were eventually delivered, but I can't remember for sure. Anybody ever had that happen? >>




    Well, whadda ya guys think?
  • The Modern Coin Mart Price went from $119.00 - up to $189.00 (within a day) for the 2008 (07 reverse) - NGC certified MS69image

    << <i>Living a day at a time! >>



    I got 5 shipped 4/22 all 2007 reverses.....

    What is the general conclusion so far in these threads from members regarding overall population........?
    I am watching who gets orders in after the 24th and how many are new 07 variety.

    I have 2 - batches of 50 - (100) total on order but they are backordered

    Good luck to all
    J Macs COINS n Collectibles
  • Who has them for $69.99???
    Modern coin Mart already raised their $119.00 price to $189.00 (for NGC MS69 early release)
    The order I got yesterday was shipped 4/22 and ALL 5 are 2007 REV - I got lucky.

    I don't know if I should sent them to NGC or PCGS (and wait a month for PCGS to grade them) by that time price may have dropped.
    We all know hindsight is 20/20

    What to do .. What to do.
    I have 7 raw 2008W with 2007 reverses coming in I bought for $200.00 each - I will dump them if the price starts dropping............
    It is hard to tell at this point...........

    i remember well the 2006 W I got and sold at between $100- $150.00 That was a good one but the price dropped within a month

    Best wishes to all............image

    << <i>"watching prices - a day at a time" >>

    J Macs COINS n Collectibles
  • aficionadoaficionado Posts: 2,309 ✭✭✭


    << <i>The Modern Coin Mart Price went from $119.00 - up to $189.00 (within a day) for the 2008 (07 reverse) - NGC certified MS69image

    << <i>Living a day at a time! >>



    I got 5 shipped 4/22 all 2007 reverses.....

    What is the general conclusion so far in these threads from members regarding overall population........?
    I am watching who gets orders in after the 24th and how many are new 07 variety.

    I have 2 - batches of 50 - (100) total on order but they are backordered

    Good luck to all >>



    I put and order of 10 in thrusday. They are on hold because of the dollar amount, but they say in stock.

    Maybe larger orders are going on backorder.






  • IMO this 07/08 variety will be a positive for ALL of the W-burnished ASEs.
    It will draw more attention to the whole burnished ASEs series and will like a rising tide 'lift all boats'.
    Should in long run be a plus to the 2006 and 2007s as they will almost certainly now remain the low mintage years.

    It is also possible the 2008 with correct 08 reverse may benefit from a halo effect. We'll see............
  • SHHHHHHHHHHHHHH....dont tell anyone, but Gainesville still has MS69 Early Release (due in Monday to ship on Monday, and Gainesville will alot of times drive to NGC to pick their stuff up), are $150 plus shipping......but you CANT tell anyone...SHHHHHHHHHH
  • ManorcourtmanManorcourtman Posts: 8,023 ✭✭✭✭✭
    Rec'd an order of 20 today from the Mint. 20 with '07 Reverseimage Ordered on 4/20 before they went to backorder. I bet they sold all the 07 Reverses this past batch and went into backorder to make new ones. Just a theory.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    If the recent 5-10% estimates hold and there are say 200,000-300,000 ASEs already released then number may be closer to 10-30,000 but hey........thats in range of the 1995-W.

    This kind of mintage should make this variety, . . . . err error, . . . . humm mule, image
    or what-the-hell ever it is a sho-in for the Redbook shouldn't it?

    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!
  • OMG. I just received (110) of the 2008 ASE with a BALD EAGLE reverse!!!!! image

    I have to give Modern Coin Mart some praise. Yesterday I ordered 5 of the rev 2007 coins at $119 ea and they were very nice and professional over the phone. Today I got a message saying they had shipped already.
  • pitbosspitboss Posts: 8,643 ✭✭✭
    I received 12 coins today and no 07 reverses. These were shipped yesterday.
  • Someone said earlier that they hoped we would chime in, so here we are!!!

    We are very excited about this new variety. By the way, you’ll see scores of dealers that should know better calling them “errors”, and as any numismatist should know they are not.

    The Silver Eagle has always been one our most popular favorites among collectors. There has been a buzz around the office since we found out about the variety and the phones just have not stopped ringing! We’ve been following things very closely and watching the prices on eBay. With what we are seeing on eBay, we felt we needed to raise our prices to be closer in line with what the market is showing the value to be on these. While this has drawn some criticisms and claims of being “greedy dealers,” that simply isn’t the case. It shouldn’t matter what a dealer pays for a coin, that doesn’t change what the coin is worth.

    Often we have bought coins on the secondary market and sold them at losses because of declining markets. We do not expect the customer to pay us more because we paid more, nor do we ask the customer to share his profit if we sell him something too cheap. We will not overcharge for coins, and in fact are very competitive on all of our offerings, but we should not be expected to undercharge either, especially when we are already offering the lowest prices on the net for “in stock” coins.

    Where will they end up? Who knows? But we can tell you that at our current rate of sales we will be completely sold out in another week or two of our original supply, and will then be buying more on the secondary market.
  • jsfjsf Posts: 1,889
    variety vs. error-

    depends on if you're talking about the coin or the act that made it, I would guess...

    .

    it's still an interesting development, aren't it?

    .

    when will my order ship, MCM?
  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    Sell out in a week or two? You guys must have received a few thousand of them!
  • JohnMabenJohnMaben Posts: 957 ✭✭✭
    For those of you who may not know, I am the CEO of JMRC parent company to MCM, and along with my partner Jay Rudo, we own the company as well as Cornerstone Numismatics.
    Shipping updates are often sent by email but can also be had by calling our shipping department direct at 1 800 362 9004 EXT 333. Due to the popularity of this coin along with our normal business,
    please allow an extra day or two for shipment of these, but our three former law enforcement shippers are busting their buns and doing the best they can, when they are not eating donuts. image

    John

    John Maben
    Pegasus Coin and Jewelry (Brick and Mortar)
    ANA LM, PNG, APMD, FUN, Etc
    800-381-2646

  • rgCoinGuyrgCoinGuy Posts: 7,478


    << <i>our three former law enforcement shippers are busting their buns and doing the best they can, when they are not eating donuts. image

    John >>




    image
    imageQuid pro quo. Yes or no?
  • ca0100000ca0100000 Posts: 362 ✭✭
    Would it be a trade secret to tell us what percentage you were finding these at?
  • jsfjsf Posts: 1,889
    thanks for posting, MCM.

    .

    It would also be interesting to know how much, if any, the sales rate of 08 reverses has slacked off due to the 07s rearing their head.
  • JohnMabenJohnMaben Posts: 957 ✭✭✭
    Finding these in sealed boxes purchased directly from the mint has been all over the board, ranging from zero to 70%. I will say we just opened the last three hundred, and sadly found just one coin!
    The regular 08's are still selling very well at $89 in MS70.

    John

    John Maben
    Pegasus Coin and Jewelry (Brick and Mortar)
    ANA LM, PNG, APMD, FUN, Etc
    800-381-2646

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Just a quick note, went to my local B&M and all they had were five 2008-W ASE's and all were with the reverse of 2007. I bought all five for $30 a pop. I also checked all the 2008 bullions and W proofs...no 07 rev.

    Some thoughts later.

    Ren
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>Just a quick note, went to my local B&M and all they had were five 2008-W ASE's and all were with the reverse of 2007. I bought all five for $30 a pop. I also checked all the 2008 bullions and W proofs...no 07 rev.

    Some thoughts later.

    Ren >>



    Did they know about the variety? Seems like they should have.
    Gold and silver are valuable but wisdom is priceless.


  • << <i>

    << <i>Just a quick note, went to my local B&M and all they had were five 2008-W ASE's and all were with the reverse of 2007. I bought all five for $30 a pop. I also checked all the 2008 bullions and W proofs...no 07 rev.

    Some thoughts later.

    Ren >>



    Did they know about the variety? Seems like they should have. >>



    Not everyone is on the internet all the time. I'm sure there are still plenty of dealers (like a lot of collectors out there) that still do not have a computer, or use a computer, or if they do, they don't go reading forums and coin blogs and the like, or even pay attention to anything with modern coins, beyond that the mint is coming out coins and they'll carry a few in case someone comes in wanting one. They likely will find out when the CoinWorld article comes out.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Would it be a trade secret to tell us what percentage you were finding these at?

    Inquiring minds really want to know!

    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!


  • << <i>Would it be a trade secret to tell us what percentage you were finding these at?

    Inquiring minds really want to know!

    image

    Regards,

    John >>



    You must have overlooked it, he wrote:
    "Finding these in sealed boxes purchased directly from the mint has been all over the board, ranging from zero to 70%. I will say we just opened the last three hundred, and sadly found just one coin!
    The regular 08's are still selling very well at $89 in MS70."
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>

    << <i>Just a quick note, went to my local B&M and all they had were five 2008-W ASE's and all were with the reverse of 2007. I bought all five for $30 a pop. I also checked all the 2008 bullions and W proofs...no 07 rev.

    Some thoughts later.

    Ren >>



    Did they know about the variety? Seems like they should have. >>



    Coinsponge and MCM
    The dealer knew what I was doing and said they didn't have enough time to go through them. Lucky for me.

    I've been reading this thread from the beginning and just haven't had the time to chime.

    If there are 5 to 7% (previous posters number) variety/error coins out there and last years "W"s were rounded up to 600,000, that would put this "coin" at 30,000 to 42,000 pieces. Even if it were 50% we would be looking at around the 2006 P Rev Proof numbers which go for around $300.00. Ah, but there are differences.

    The differences of course was all the fanfare revolving around the 20th Anniversary sale and a one type coin. This 08/07 W is a definite variety/error that good portion of 100,000's (my number from outer space) of ASE collectors will want to have. The extra leaf quarters were found in change and made the USAToday. The "leafs" were slow to come out but have had tenacity due to the odd circumstances surrounding their production. Their estimates are less than 10,000 per hi and low. The SHQ's have millions of passive collectors but not many error collectors. These 08/07 W's are now currently in collector/dealer hands and spreading quickly via their websites and ebay. When the next two Coin World's come out it should wake up a lot a ASE collectors to this new v/e coin. The factors for my three examples are all different but the general theme is the enormous collector base.

    I wont venture to guess the price terms of time (like the 1995 W, 2006 P Rev Proof.) But this is a definite v/e that's easy to spot. Now if the bullion and proof produce the same v/e that will be most exciting.

    Ren

    Ren

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