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

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  • DoogyDoogy Posts: 4,508
    2,999
  • aficionadoaficionado Posts: 2,309 ✭✭✭


    << <i>Those coins will quickly disappear over the weekend as the word spreads about the coins. There has not been word one in the news about the error yet.



    And also e bay is offering a special giving a discount on final value fees if you ship free. There are over 90 of these listings on the market. >>



    Don't know why this would increase listings. The savings on the FVF is WAYYYYY smaller than charging $10+ for shipping.

    FVF is $20 on $550. A 15% discount is only $3. Why trade $10 for $3 ???



  • CoinMeisterCoinMeister Posts: 642 ✭✭✭✭


    << <i>The Ride is not over...Its just beginning!!! imageimage >>



    Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.

    -Sir Winston Churchill
    "What we are never changes, but who we are ... never stops changing."
  • pitbosspitboss Posts: 8,643 ✭✭✭
    Everybody just up's the price they want and makes up for it.
  • 08HALA2008HALA20 Posts: 3,066 ✭✭✭


    << <i>

    << <i>Those coins will quickly disappear over the weekend as the word spreads about the coins. There has not been word one in the news about the error yet.



    And also e bay is offering a special giving a discount on final value fees if you ship free. There are over 90 of these listings on the market. >>



    Don't know why this would increase listings. The savings on the FVF is WAYYYYY smaller than charging $10+ for shipping.

    FVF is $20 on $550. A 15% discount is only $3. Why trade $10 for $3 ??? >>







    This is ebay's way to get everyone ready for the mandatory "free shipping" rule. image


    Joe

  • pitbosspitboss Posts: 8,643 ✭✭✭
    That's not such a bad idea. It will eliminate a lot of problems. Just add what you want on your auction starting price. I really don't care for auction style anyway.
  • Updated Stats based on 5/27/08 mint production figure:

    image

    Perhaps this format will be more useful...?
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>

    << <i>The Ride is not over...Its just beginning!!! imageimage >>



    Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.

    -Sir Winston Churchill >>



    2008/07 are still attracting 20 + bids per auction..the NGC 69s are gaining in price on the NGC 70s..image
  • Coins101Coins101 Posts: 2,602 ✭✭✭



    << <i>This is ebay's way to get everyone ready for the mandatory "free shipping" rule. >>





    << <i>That's not such a bad idea. It will eliminate a lot of problems. Just add what you want on your auction starting price. I really don't care for auction style anyway. >>



    Just another way for ebay to hid a fee increase.
  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    I mentioned this shipping issue a while ago. Link
  • hrlaserhrlaser Posts: 1,133 ✭✭


    << <i>

    << <i>This is ebay's way to get everyone ready for the mandatory "free shipping" rule. >>





    << <i>That's not such a bad idea. It will eliminate a lot of problems. Just add what you want on your auction starting price. I really don't care for auction style anyway. >>



    Just another way for ebay to hid a fee increase. >>



    eBay doesn't do anything that doesn't make them more money.. just like all those huge casinos in Las Vegas, they didn't get to be billionaires by striking oil on the land their headquarters sits on.. just in the past month they've eliminated the ability to leave a buyer a negative claiming it "hurts the marketplace" with a policy change worded in pure pretzel logic..

    just wait until they force you to only accept PayPal (i have NO doubt that's in their future plans).. and eliminate your ability to advertise that you'll accept Money orders, Bank Cashiers checks, and merchant account CCs.. they've already eliminated the option of advertising that you'll accept cash.. if you doubt it, list an item, and state that you'll accept cash payments and then tell me how long it takes them to kill your listing.. not that sending cash through the mail is a good idea anyway.. but slowly and Shirley they're chipping away at the options a seller has to do almost anything.. and where do they derive their income? from sellers.. bidders don't pay a cent of fees for anything.. Pay"PAL" indeed..


    "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)..
  • 08HALA2008HALA20 Posts: 3,066 ✭✭✭


    << <i>I mentioned this shipping issue a while ago. Link >>



    I was just kidding when I said eliminate the shipping charges. image

    But I can see that is a problem for eBay with fee avoidance.

    With flat rate boxes they can max out shipping and be fair. As long as insurance is calculated as an extra.

    Joe
  • aficionadoaficionado Posts: 2,309 ✭✭✭


    << <i>

    << <i>I mentioned this shipping issue a while ago. Link >>



    I was just kidding when I said eliminate the shipping charges. image

    But I can see that is a problem for eBay with fee avoidance.

    With flat rate boxes they can max out shipping and be fair. As long as insurance is calculated as an extra.

    Joe >>



    Just one comment on that link. It appears that ebay wants the shipping charges stated in the proper place instead of just in the description. Helping buyers see what it will cost.

    Second, ebay made "best Match" your default Sort. You can correct that by going to the link next to it called Customize Display. You can then set the Sort to TIME: Ending Soonest. This messed me up at first.

  • pitbosspitboss Posts: 8,643 ✭✭✭
    This should be a big sale weekend for these 07 reverse coins. The prices are stable and are going to increase over the next momth.
  • Currently 266 items up for auction.
  • There are too many all at once, Boys and Girls!
  • in the last day or so, pcgs slabs increased from the high teens, now up over 40 listed on the bay.


  • << <i>in the last day or so, pcgs slabs increased from the high teens, now up over 40 listed on the bay. >>



    The PCGS FS still reigns supreme.image
  • PCGS non FS is doing OK too...

    Link-a-roo


  • << <i>PCGS non FS is doing OK too... >>

    image
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>

    << <i>What about the one for $5900? It looks like that one sold for $5900 unless I don't see something. There are no more for sale on e bay. Maybe I should put mine on for $25000 and see where it goes; >>



    Just a blowoff move with a parabolic rise .. will both crude oil and the 2008/07 top out this week ?
    That 5900.00 was a sale image >>



    Well crude oil has topped out this week ,gold has topped out ..looks like the 2008/07 is topping out, with the added supply coming onto the bay
  • coinkid855coinkid855 Posts: 5,012 ✭✭✭
    Ok guys, what do you think I should do? I have 21 raws. I want to have them graded by either PCGS or NGC. I am already a member of NGC (through the ANA). Their turn around time appears to be quicker, and they also seem to be grading 70's at about 50/50. Thus, at today's prices, from those 21 coins, I should expect to get 9-10 70's at a value of $900+ each.


    On the other hand, I'd have to sign up for PCGS, and their grading is obviously much stricter, commanding higher prices. I would probably only expect 1 or 2 70's....One's selling for over $2500 now...


    As you can see, I have quite the dilemma...What do i do!??



    -Paul
  • cinman14cinman14 Posts: 2,489


    << <i>

    << <i>

    << <i>What about the one for $5900? It looks like that one sold for $5900 unless I don't see something. There are no more for sale on e bay. Maybe I should put mine on for $25000 and see where it goes; >>



    Just a blowoff move with a parabolic rise .. will both crude oil and the 2008/07 top out this week ?
    That 5900.00 was a sale image >>



    Well crude oil has topped out this week ,gold has topped out ..looks like the 2008/07 is topping out, with the added supply coming onto the bay >>



    don't forget silver tanking the last 2 days....image
  • cinman14cinman14 Posts: 2,489


    << <i>Ok guys, what do you think I should do? I have 21 raws. I want to have them graded by either PCGS or NGC. I am already a member of NGC (through the ANA). Their turn around time appears to be quicker, and they also seem to be grading 70's at about 50/50. Thus, at today's prices, from those 21 coins, I should expect to get 9-10 70's at a value of $900+ each.


    On the other hand, I'd have to sign up for PCGS, and their grading is obviously much stricter, commanding higher prices. I would probably only expect 1 or 2 70's....One's selling for over $2500 now...


    As you can see, I have quite the dilemma...What do i do!??



    -Paul >>



    9 to 10 at 900=8100 to 9000
    1 or 2 at 2500= 5000

    even hillary math makes this a no-brainer

    imageimage
  • coinkid855coinkid855 Posts: 5,012 ✭✭✭


    << <i>

    << <i>Ok guys, what do you think I should do? I have 21 raws. I want to have them graded by either PCGS or NGC. I am already a member of NGC (through the ANA). Their turn around time appears to be quicker, and they also seem to be grading 70's at about 50/50. Thus, at today's prices, from those 21 coins, I should expect to get 9-10 70's at a value of $900+ each.


    On the other hand, I'd have to sign up for PCGS, and their grading is obviously much stricter, commanding higher prices. I would probably only expect 1 or 2 70's....One's selling for over $2500 now...


    As you can see, I have quite the dilemma...What do i do!??



    -Paul >>



    9 to 10 at 900=8100 to 9000
    1 or 2 at 2500= 5000

    even hillary math makes this a no-brainer

    imageimage >>




    Yeah, that's what I was thinking. I just wanted somebody to confirm what I was thinking. Thanks a lot!


    -Paul
  • BurnieBurnie Posts: 441 ✭✭✭
    If you are just interested in flipping for the short term then NGC is the way to go. For the long term and in my veiw a better investment that will hold up over time, then PCGS is the way to go.

    There are a lot of coins on e-bay right now, but if I had any quantity I would be holding out to sell until later this year and beyond. Demand for these coins has been strong out of the gate and I expect the majority of SAE collectors to want to aquire at least one...eventually.

    Good luck.
    BST transactions Wondercoin, MCM, levinll, Zrlevin and ajaan. Been buying and selling coins on E-Bay since 2002 as Monk2580
  • 19Lyds19Lyds Posts: 26,490 ✭✭✭✭


    << <i>1st strike/ early releases are just a way to create a more rarity.

    Which in essense it doesnt.

    The coins should all be Firsts strikes. It was the First 47000 supposably that were made with the wrong hubs.

    I really don't think the label means SH**. Because its not really true. It should state instead of First Strike: Received within 30days of release.

    Thats just my 2 cents. >>



    It does on the reverse.

    image

    And these were NOT the First 47,000 minted. The mint simply stated 47,000 made which represents 3 shift and 15 2007 Reverse Dies.
    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>

    << <i>1st strike/ early releases are just a way to create a more rarity.

    Which in essense it doesnt.

    The coins should all be Firsts strikes. It was the First 47000 supposably that were made with the wrong hubs.

    I really don't think the label means SH**. Because its not really true. It should state instead of First Strike: Received within 30days of release.

    Thats just my 2 cents. >>



    It does on the reverse.

    image

    And these were NOT the First 47,000 minted. The mint simply stated 47,000 made which represents 3 shift and 15 2007 Reverse Dies. >>



    You might be right.

    I agree none off us actually know what order that they were made in. But I can further that and state any case after May 10th hasn't received any from what others have stated..


    edited to add the word Know image
  • sfs2002usasfs2002usa Posts: 852 ✭✭✭
    Amazing the premium that is attached to this very ambivalent meaning label. I mean, a non FS goes for
    less than half, and the non FS coin could well have been one of the very first struck. I'm awe struck and
    shocked!
  • Welcome to the coin bidness! - 2008
  • The designation IS meaningless. For THIS particular coin, First Strike SHOULD imply they were the first 47,000 struck (yes, this would be against their definition, but it is going to become plainly evident that 'First Strike' should not be taken literally. IF they were the FIRST 47,000, then yes (certainly, there must be a way to know when they WERE struck....dies are serial numbered, and I would think each die is entered somewhere when its put into use/when they retire the worn die....or is my deductive reasoning something the mint wouldnt think of doing?), they should be designated as such. As 19Lyds points out, the Mint says only that 'they were made in A 24 hour period', not which one. I have to believe the Mint would be able to confirm exactly what 24 hour period these were made, as well as exactly how many they were able to withhold. Or, could this be another 1965-1966-1967, with the Mint wanting to punish coin collectors? Hell, depending on where the prices wind up, when the selling is mostly set and done by flippers/speculators/collectors wanting to make alot of money, those sellers could possibly make more money than the Mint does selling the non-errors...not quite literally, but I think you all know what I am getting at.
  • AkbeezAkbeez Posts: 2,694 ✭✭✭✭✭
    WOW - a flood today of new "stock" on ebay. BIN numbers went way up -- looks like it might be bargain time kids. Prices are sliding for the moment - get 'em while they are hot! We may not see them below $500 again...
    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
  • Honestly most guess were just going with rareness at these numbers first strike early release or not.W/e it never ceases to amaze me.

    I have some left to put on eBay not now. Will I buy more at these rates probably not. You guys dump too much and think that your getting all you will be ever to get.

    Talk to me an 6 months no sympathy
  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    yikers. I don't like how many auctions are up right now. This is for sure going to drop prices by at least 10% on average at a minimum, could be as high as 20. Don't people know about supply and demand? If the prices do tank, it will be a while for them to come back up to their current levels. If people see a drop from say $600 to $450, they are going to be a lot more selective/patient in paying more for the coins down the road in the short term, regardless of how many or few are for sale. And you all know that if the price does drop, everyone is going to start dumping these coins and I mean fast. I think if the price drops by 20%, the listings/sales of these coins is going to go up 100%.

    Average sale price did drop today about $70 bucks for raw coins. That is only the second time the price has dropped on a single day in the last two weeks. The last price drop was on Saturday, 24 may when it dropped from $454 to $405. Today's drop was from $626 to $568.
  • 19Lyds19Lyds Posts: 26,490 ✭✭✭✭


    << <i>WOW - a flood today of new "stock" on ebay. BIN numbers went way up -- looks like it might be bargain time kids. Prices are sliding for the moment - get 'em while they are hot! We may not see them below $500 again... >>



    You will. It may take 6 months but these will probably be available for way less the $500 at that point.

    You are witnessing a "buying craze" which always occurs for new unique issues that folks believe that they absolutely must have! The prices realized during these "crazes" is rarely sustained. All the chatter about only 30,000 or only 20,000 is simply fuel for the fire.

    Be careful out there! You could get burned.
    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!
  • Have any 70's graded by NGC hit $1,000 yet, or is this going to wind up the first? I gotta figure this hits a grand....I only guess as this thread has become WAY to long to read every post to find out! LOL


  • << <i>Have any 70's graded by NGC hit $1,000 yet, or is this going to wind up the first? I gotta figure this hits a grand....I only guess as this thread has become WAY to long to read every post to find out! LOL >>



    If we are counting shipping costs, there are a couple that have surpassed a thousand. Just barely. NGC MS70
    Completed BS&T Deals

    halfnut X3, Dabigkahuna, Kaelasdad, LALASD4, harvey85422458,
    fivecents, Coll3ctor, cucamongacoin, Becoka
  • CoinMaster1229CoinMaster1229 Posts: 1,092 ✭✭
    I would send them all to PCGS!!! you may get fewer 70`s, but don`t forget the PCGS 69`s also trade for more than NGC 69`s. also you may get more than just one or two 70`s.


    image
  • IwantNonCCsIwantNonCCs Posts: 369 ✭✭


    << <i>

    << <i>

    << <i>Ok guys, what do you think I should do? I have 21 raws. I want to have them graded by either PCGS or NGC. I am already a member of NGC (through the ANA). Their turn around time appears to be quicker, and they also seem to be grading 70's at about 50/50. Thus, at today's prices, from those 21 coins, I should expect to get 9-10 70's at a value of $900+ each.


    On the other hand, I'd have to sign up for PCGS, and their grading is obviously much stricter, commanding higher prices. I would probably only expect 1 or 2 70's....One's selling for over $2500 now...


    As you can see, I have quite the dilemma...What do i do!??



    -Paul >>



    9 to 10 at 900=8100 to 9000
    1 or 2 at 2500= 5000

    even hillary math makes this a no-brainer

    imageimage >>




    Yeah, that's what I was thinking. I just wanted somebody to confirm what I was thinking. Thanks a lot!


    -Paul >>



    Lets try again with libertarian math:
    NGC=10@$900=$9000
    PCGS=2@$2500=$5000 + 8 MS69s@$500 = $9000
    Can't believe you left out 8 coins
  • That seems pretty optimistic for PCGS MS70's...

    PCGS69's - 20 X $600.00 = $12,000 + PCGS70 - 1 X $4,000 = $4,000
    NGC69's - 13 X $500.00 = $6,500 + NGC70's - 8 X $825 = $6,600

    PCGS = $16,000
    NGC = $13,100
    Completed BS&T Deals

    halfnut X3, Dabigkahuna, Kaelasdad, LALASD4, harvey85422458,
    fivecents, Coll3ctor, cucamongacoin, Becoka
  • YaHaYaHa Posts: 4,220
    This is madness, just over a month ago, I bought a Fs Pcgs 70 for $499.00 now they are selling over $5k. Well lets say this, I am keeping this beauty until it hits $10k and maybe I will sell.

    Also a few weeks back I told you guys about Ngc Pcgs ms 69's selling for $299.00 on COin shoppe and HSN. I bought some and gave you guys a item number, I hope you cashed in. I just sold 5 of the NGc 69's for $510 a piece so I paid Coin shoppe $2,999.00 just made $2,500.00 and have 5 Fs Pcgs 69's to go. Not bad for Mr Chambers new home. image

    Seriously this is Madness, something is not right. They will crash in months to come. I just don't see the variety why so important?

    I just flipping and dipping. It's fun. But like other's said don't get burned.

    I even offer JesseWV some money for a raw one for my dansco I guess he sees $$$. Thanks anyways Jesse I guess my offer wasn't high enough to get a pm back. GOOd Luck.
  • CoinMaster1229CoinMaster1229 Posts: 1,092 ✭✭
    Lets really do the math right !!!!

    PCGS 21 Coins Total
    2) MS70 $ 2,500 each $5,000.00
    19) MS69 $ 600 each $11,400.00 TOTAL $ 16,400.00

    NGC 21 Coins
    10) MS70 $ 900.00 each $9,000.00
    11) MS69 $ 550.00 each $6,050.00 TOTAL $ 15,050.00

    PCGS more profitable image
  • GoldbullyGoldbully Posts: 17,317 ✭✭✭✭✭
    This is my first post to this the Mucho Gigantic 2008 Thread...................what should I say here???? image


    What a modern crazy coin!!!!!!!!!!!!!!
  • image


  • << <i>PCGS non FS is doing OK too...

    Link-a-roo >>




    I received an offer to end this item early $3000 but I decided to keep it
    up. Hopefully that was the right move. I'm really surprised at what the
    PCGS MS68's did.



    Number I

    Number II


  • << <i>

    << <i>PCGS non FS is doing OK too...

    Link-a-roo >>




    I received an offer to end this item early $3000 but I decided to keep it
    up. Hopefully that was the right move. I'm really surprised at what the
    PCGS MS68's did.



    Number I

    Number II >>



    I thought they went a little low.
    Completed BS&T Deals

    halfnut X3, Dabigkahuna, Kaelasdad, LALASD4, harvey85422458,
    fivecents, Coll3ctor, cucamongacoin, Becoka


  • << <i>

    << <i>

    << <i>PCGS non FS is doing OK too...

    Link-a-roo >>




    I received an offer to end this item early $3000 but I decided to keep it
    up. Hopefully that was the right move. I'm really surprised at what the
    PCGS MS68's did.



    Number I

    Number II >>



    I thought they went a little low. >>



    Well in a couple days I'm sure they'll be back up on the bay. Only time will tell.
  • MRG1977.....bet you got alot that have that one on their 'watch' list.


  • << <i>MRG1977.....bet you got alot that have that one on their 'watch' list. >>



    Right now there are 69 watchers. Its more than doubled in the last 24hrs.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Speaking of crazy, I was just checking eBay comps and saw THIS.

    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!

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