OK, from the reaction to the greysheet info this means there will be more demand for the coin. Any predictions on how this would impact price and when?
Did you ask John? NGC is usually pretty good about this.
Scott Schecter was my contact person. He told me that he went-to-bat for me to try to get the designation, but got blammed.
Did offer free grading for them and offered to designate one "John Nanney Collection" . . . which means nothing. Nice guy btw.
Didn't try ANACS, & from what I understand, PCGS doesn't do 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!
<< <i>Did you ask John? NGC is usually pretty good about this.
Scott Schecter was my contact person. He told me that he went-to-bat for me to try to get the designation, but got blammed.
Did offer free grading for them and offered to designate one "John Nanney Collection" . . . which means nothing. Nice guy btw.
Didn't try ANACS, & from what I understand, PCGS doesn't do this.
Regards, John >>
Seems like they should have. Never gave the particulars about the denial? My guess they wanted to glory for themselves. You could rewrite that Alan Jackson song into "They got the glory-I got the bling". Well, maybe not.
Gold and silver are valuable but wisdom is priceless.
Wow! Lots of healthy debate & a little new, good news today. A few thoughts from where I'm sitting: Sounds like a "put up or shut up" kinda thing going on with the debators! We're due a "daily dump" anytime now.
<< <i>Did you ask John? NGC is usually pretty good about this.
Scott Schecter was my contact person. He told me that he went-to-bat for me to try to get the designation, but got blammed.
Did offer free grading for them and offered to designate one "John Nanney Collection" . . . which means nothing. Nice guy btw.
Didn't try ANACS, & from what I understand, PCGS doesn't do this.
Regards, John >>
Hey John, it would too mean something, years from now everyone that doesn't already know, will know your the man and that coin will always be special and would pull a ton of dough as well, not that you wouldn't maybe wanna keep it cause thats up to you...I bet right now it'd fetch $10G's plus...BTW, I had a plug for you in my listings stating you discovered it...
What that SHOULD give us, I know there are outliers, are the trends for all of the 2008 ASEs with the Reverse of the 2007 ASE. I have also captured other charts to show Raw coins, PCGS graded coins, and NGC graded coins. Read the bold print above the charts for clarification, they are pretty self explanitory.
As I have stated before, this dump DOES NOT include auctions ending past 10:00PM EDT today, so if there are a large number of auctions ending tonight, the #'s are going to be different. To get the most accurate trends, do not include today.
Here goes!
If not all the pics show up, right click on the blank picture and then click SHOW PICTURE.
The people who purchased these coins directly from the mint some weeks ago are doing very well. If they are cashing out now, they made an average of around 20 times their money. Understandably, these initial buyers are very excited. They love the coin. Who wouldn’t? But can people buying them now realistically expect the same gains? Probably not, because in order to do so, the coins would have to rise in value to around $10,000 a piece. The easy money has already been made with the 2008 reverse of 2007 Silver Eagles.
After realizing spectacular gains, these coins have been holding steady or perhaps lost a little ground in the last couple of weeks. At this point can the coins double in value? Maybe, but the coins are not seeing the velocity of appreciation as previously enjoyed. This has a way of dampening the enthusiasm for many people who purchased the coins within the last couple of weeks with the expectation of immediate appreciation.
What I think I’ve observed for myself after purchasing many of the “fad” coins 19Lyds listed—and having fun doing it—is that hype can get a coin going in the short run, but doesn’t usually sustain a coin in the long run. Hype creates expectation and expectations can only be left unfulfilled for so long before individuals get impatient and dump the coin to find something else which looks more promising. And Americans overall, are very impatient people.
Yes, keeping the enthusiasm and mania going by continual posts to this thread may help sustain and push up prices, but for whatever reason, it doesn’t seem to have resulted in pushing up prices these last couple of weeks. Hype can drive up prices to an extent, but there is a saturation point with hype. People start to turn off to it, just like email spam. If something becomes over-hyped, it can in many cases start losing value instead of appreciating. If people start believing that this coin is being heavily promoted for the financial interests of a few, they are more prone to being turned off. When people turn off, demand drops and so do prices. It seems that the interest in this coin at this point is in the prospect of making money rather that interest in the variety itself. This makes the market for this Eagle extremely vulnerable to dumping when other opportunities for a quick buck manifest themselves.
And yes, nobody can reliably predict the future . . .
<< <i>Good price on a NGC MS70! eBay #110264733510
I'm not familiar with this seller, but it is priced cheap for some flipper to pick up. Only concern would be his feedback rating. >>
Am I missing something or does the acution have a bit more than just a NGC MS70 2008/078 coin?
"THIS IS THE ULTIMATE LOT OF COINS. MANY GRADED MS/PF 70 THE HIGHEST GRADE YOU CAN GET
A 2008 W AMERICAN EAGLE GRADED AN MS70 BY NGC WITH THE REV OF 07 A 2008 W AMERICAN EAGLE GRADED AN PF 70 ULTRA CAM BY NGC A 1999 S SILVER NEW JERSEY PCGS PR 69 DCAM A 1999 S SILVER DELAWARE PCGS PR 66 DCAM A 1999 S SILVER GEORGIA PCGS PR 68 DCAM A 1999 S SILVER PENNSYLVANIA PCGS PR 68 DCAM A 1999 S SILVER CONNECTICUT PCGS PR 68 DCAM A 1900 SILVER MORGAN DOLLAR PCGS AU53 A 2007 D GEORGE WASHINGTON FIRST DAY OF ISSUE DOLLAR BRILLIANT A 2007 P JOHN ADAMS FIRST DAY OF ISSUE DOLLAR BRILLIANT UNC A 2008 S BALD EAGLE 50C NGC GRADED PF 70 ULTRA CAMEO A 2008 S BALD EAGLE 50C NGC GRADED MS 70 A 2000 P 25C NEW HAMPSHIRE NGC GRADED AU58. YOU HAVE TO HOLD JUST RIGHT TO SEE THE P STAMP. OTHERWISE LOOKS LIKE NO MINT MARK. A 1999-2007 50 STATE QUARTERS GREETINGS FROM AMERICAN STATE CARD ALBUM. YOU GET 45 STATE QUARTERS CARDS AND STAMPS. YOU WILL REC THE LAST 5 STATES WHEN I REC THEM AT NO EXTRA CHARGE. THIS BOOK HAS A LOT OF HISTORY ABOUT OUR COINS AND STATES. THEY ALL FIT SNUG IN THE BOOK.
A 1883 O MORGAN DOLLAR A 1943 D WALKING LADY 50 CENT A 1943 WALKING LADY 50 CENT NGC GRADED F15 A 2008 50 STATE QUARTERS SILVER PROOF SET A 1976 D WASHINGTON QUARTER A 1960 RD LARGE DATE LINCOLN CENT A 1992 S JEFFERSON DCAM A 2000 S MASSACHUSETTS QUARTER ANI PR70 DCAM A 1977 S JEFFERSON CAM A 1971 S ROOSEVELT DIME A 2000 P KENNEDT HALF A 1953 5.00 SILVER CERTIFICATE BLUE SEAL A 10738116 A A 1963 RED SEAL 2.00 BILL A 02175297 A A 2003 WASHINGTON FEDERAL RESERVE NOTE G 90889424 G A 1999-2008 littleton coin album (the green book) archival quality with 47 state quarters. you will get the last three when I get them in. A set of 50 state color dollars each dollar gives details about that state. A whitman Presidential dollars coin folder with the first 2007-2008 coins in there."
<< <i>OK, from the reaction to the greysheet info this means there will be more demand for the coin. >>
I don't really think so since the Grey Sheet is for Coin Dealers and they all know about this coin already.
As I mentioned earlier, CDN only reports on the market, they don't "make" or "create" the market. >>
I have to disagree with you here...somewhat. CDN doesn't just report what's already in the market, it also does inform those who don't already know (which is most, if not all, of it's readers) I mean, c'mon, if everyone already knows what are in the Greysheets, then why the hell does anyone subscribe to it? It's ridiculous!
The Greysheet, along with the Redbook, NGC, PCGS, ANA, Coin World, Numismatic News, and others...all have influence (like I said many many posts ago) in exposing and legitamizing this coin as a distinct, unique and valuable part of the American Silver Eagle series. You might say that all of those publications and organizations are only reacting to the market, but I disagree. Yes, they reflect the sentiment of a portion of the public. However, they also direct the sentiment of the rest.
Getting this type of exposure is very important to the future of this coin. It lets everyone know that this isn't just some flash in the pan, here today, gone tommorrow. I get the feeling that everyone is already getting that feeling.
<< <i>The people who purchased these coins directly from the mint some weeks ago are doing very well. If they are cashing out now, they made an average of around 20 times their money. Understandably, these initial buyers are very excited. They love the coin. Who wouldn’t? But can people buying them now realistically expect the same gains? Probably not, because in order to do so, the coins would have to rise in value to around $10,000 a piece. The easy money has already been made with the 2008 reverse of 2007 Silver Eagles.
After realizing spectacular gains, these coins have been holding steady or perhaps lost a little ground in the last couple of weeks. At this point can the coins double in value? Maybe, but the coins are not seeing the velocity of appreciation as previously enjoyed. This has a way of dampening the enthusiasm for many people who purchased the coins within the last couple of weeks with the expectation of immediate appreciation.
What I think I’ve observed for myself after purchasing many of the “fad” coins 19Lyds listed—and having fun doing it—is that hype can get a coin going in the short run, but doesn’t usually sustain a coin in the long run. Hype creates expectation and expectations can only be left unfulfilled for so long before individuals get impatient and dump the coin to find something else which looks more promising. And Americans overall, are very impatient people.
Yes, keeping the enthusiasm and mania going by continual posts to this thread may help sustain and push up prices, but for whatever reason, it doesn’t seem to have resulted in pushing up prices these last couple of weeks. Hype can drive up prices to an extent, but there is a saturation point with hype. People start to turn off to it, just like email spam. If something becomes over-hyped, it can in many cases start losing value instead of appreciating. If people start believing that this coin is being heavily promoted for the financial interests of a few, they are more prone to being turned off. When people turn off, demand drops and so do prices. It seems that the interest in this coin at this point is in the prospect of making money rather that interest in the variety itself. This makes the market for this Eagle extremely vulnerable to dumping when other opportunities for a quick buck manifest themselves.
And yes, nobody can reliably predict the future . . . >>
I have NO IDEA what you're talking about. SORRYYYYYYYYY....
<< <i>The people who purchased these coins directly from the mint some weeks ago are doing very well. If they are cashing out now, they made an average of around 20 times their money. Understandably, these initial buyers are very excited. They love the coin. Who wouldn’t? But can people buying them now realistically expect the same gains? Probably not, because in order to do so, the coins would have to rise in value to around $10,000 a piece. The easy money has already been made with the 2008 reverse of 2007 Silver Eagles.
After realizing spectacular gains, these coins have been holding steady or perhaps lost a little ground in the last couple of weeks. At this point can the coins double in value? Maybe, but the coins are not seeing the velocity of appreciation as previously enjoyed. This has a way of dampening the enthusiasm for many people who purchased the coins within the last couple of weeks with the expectation of immediate appreciation.
What I think I’ve observed for myself after purchasing many of the “fad” coins 19Lyds listed—and having fun doing it—is that hype can get a coin going in the short run, but doesn’t usually sustain a coin in the long run. Hype creates expectation and expectations can only be left unfulfilled for so long before individuals get impatient and dump the coin to find something else which looks more promising. And Americans overall, are very impatient people.
Yes, keeping the enthusiasm and mania going by continual posts to this thread may help sustain and push up prices, but for whatever reason, it doesn’t seem to have resulted in pushing up prices these last couple of weeks. Hype can drive up prices to an extent, but there is a saturation point with hype. People start to turn off to it, just like email spam. If something becomes over-hyped, it can in many cases start losing value instead of appreciating. If people start believing that this coin is being heavily promoted for the financial interests of a few, they are more prone to being turned off. When people turn off, demand drops and so do prices. It seems that the interest in this coin at this point is in the prospect of making money rather that interest in the variety itself. This makes the market for this Eagle extremely vulnerable to dumping when other opportunities for a quick buck manifest themselves.
And yes, nobody can reliably predict the future . . . >>
First of all I don't think what is said on this forum affects the "mania" of this coin in any great way. The coin collecting world is much bigger than this forum. Second, a consolidation in pricing is normal and can be expected. What should impress everyone is the ability of this coin to hold value in the face of the usual flipper activity that occurs on sudden releases like this. Anyone buying this coin now should not expect sudden 10 fold values of thier holding. Those who buy now would be the true collector who wants to hold this for their collection and would expect the typical fluctuations in value.
Gold and silver are valuable but wisdom is priceless.
<< <i>First of all I don't think what is said on this forum affects the "mania" of this coin in any great way. The coin collecting world is much bigger than this forum. Second, a consolidation in pricing is normal and can be expected. What should impress everyone is the ability of this coin to hold value in the face of the usual flipper activity that occurs on sudden releases like this. Anyone buying this coin now should not expect sudden 10 fold values of thier holding. Those who buy now would be the true collector who wants to hold this for their collection and would expect the typical fluctuations in value. >>
This forum most certainly did affect "some" of the mania with regard to this coin the beginning. I would have never known about it in time to order more since my Coin World is always two weeks late!
As for the coin itself, it is still way early in the "game" to make any absolute predictions other than watching where the prices go. These appear to have stabilized and having the coin in the greysheet, if anything at all, would stabilize the price even more since a printed "value" has been placed on the coin.
Again, still too early.
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.
<< <i>First of all I don't think what is said on this forum affects the "mania" of this coin in any great way. The coin collecting world is much bigger than this forum. Second, a consolidation in pricing is normal and can be expected. What should impress everyone is the ability of this coin to hold value in the face of the usual flipper activity that occurs on sudden releases like this. Anyone buying this coin now should not expect sudden 10 fold values of thier holding. Those who buy now would be the true collector who wants to hold this for their collection and would expect the typical fluctuations in value. >>
This forum most certainly did affect "some" of the mania with regard to this coin the beginning. I would have never known about it in time to order more since my Coin World is always two weeks late!
As for the coin itself, it is still way early in the "game" to make any absolute predictions other than watching where the prices go. These appear to have stabilized and having the coin in the greysheet, if anything at all, would stabilize the price even more since a printed "value" has been placed on the coin.
Again, still too early. >>
I too was made aware of this coin from this forum but I don't consider that to have affected demand and what people are paying to a large degree. I think it takes a larger customer "mass" to affect the price than exists on this board.
Gold and silver are valuable but wisdom is priceless.
"I think it takes a larger customer "mass" to affect the price than exists on this board. "
In a large part, this may be true. However given the talk that exists just within this thread, could be encouragement enough for folks to jump in at the already high prices with the expectation that the prices will go even higher.
I certainly cannot say that the prices will not go higher either in the near term or long term future but historically speaking, they usually do not which has been my position all along.
Caution............before dumping large amounts of cash into this coin. Especially since it is close to $500 a pop raw.
No coin with a known mintage of 47,000 could ever expect to sustain that price level in the long term. The numbers simply do not support it. I mention the "known" mintage because that is what the US Mint related and that is the number which will get entered into the books.
The proof 1995-W is a different bird since it is a proof coin plus it's mintages are 17,000 coins lower. 17,000 translates into a lot more interest. Besides, the coin itself was never available as a single such as the 2008/07, it was only available in a set. Some collectors will never bust up the set which again limits its availability.
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.
<< <i>First of all I don't think what is said on this forum affects the "mania" of this coin in any great way. The coin collecting world is much bigger than this forum.
[snip]..
As for the coin itself, it is still way early in the "game" to make any absolute predictions other than watching where the prices go. These appear to have stabilized and having the coin in the greysheet, if anything at all, would stabilize the price even more since a printed "value" has been placed on the coin.
Again, still too early. >>
>>
I too was made aware of this coin from this forum but I don't consider that to have affected demand and what people are paying to a large degree. I think it takes a larger customer "mass" to affect the price than exists on this board. >>
these Collectors Universe boreds have something around 22,000 registered members.. there are MANY boreds other than the US Coin Forum where this thread exists, and hundreds of threads just on this Forum.. there are also areas for all kinds of things other than US coins, World coins, Registry sets, and so on.. there are boards for stamps, sports cards, comics, records, and other collectibles.. so the population of the 22,000 registered members who are even registered to CU's boreds to begin with, who are participating in this particular thread (by participating, i mean posting.. no way to know how many others are lurking and never say a thing).. is much smaller than that number..
there are FAR more than 47,000 ASE collectors in the USA.. if the US Mint actually shipped 47,000 08/07s.. only a fraction of ASE collectors can ever own one.. that fact that one guy owns or owned 95 of them means he eliminated 94 other people who want one..
there's something in the realm of 100 million USA residents who consider themselves "coin collectors" to some extent or another.. so in the grand scheme of things, 47,000 is a miniscule number.. and, depending on how many the Mint actually shipped.. and there is WAY to much anecdotal evidence to believe all 47,000 they claim they made actually got shipped.. i still think this coin has tremendous upside potential as it is not only a popular series, widely-collected, but is getting more and more recognition from the "authorities", the press, the book publishers, the dealer sheets.. everywhere..
i've been reading CW longer, probably, than many reading what i'm typing have been alive.. i could be wrong, and would be glad to be proven wrong, but i can't remember one other single example in recent memory where an outfit like Coast to Coast advertised a specific buy price for a specific coin in one of their huge double-page display ads.. sure, the weeklies are filled with "wanted to buy" ads.. their classifieds are filled with insulting offers to buy this or that or "if your holdings warrant, we'll fly to you!", never making any mention about just how much your holdings have to be for them to put some joker with an empty briefcase and a blank check on a plane to fly to you to buy it all..
at any rate, the point i'm perhaps badly making here is that this thread on this bored on this Web site is not the be-all, end-all of the population of people who want this coin.. there's a finite number of them to go around, and there are far fewer of them than people who want them.. IN MY OPINION.. which will keep the price on an upward trend, with an occasional lull.. weeks.. months.. years.. don't ask me when it'll be worth what.. i don't know, and neither does anyone else.. unless you have a time machine.. in which case, i'd like to rent it for a few hours.. and if i could get in a time machine, i'd go back, not forward.. and i promise not to step on a bug.. or at least try to.. would hate to come back and find you've all turned into lizards and it's raining donuts..
"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>"I think it takes a larger customer "mass" to affect the price than exists on this board. "
In a large part, this may be true. However given the talk that exists just within this thread, could be encouragement enough for folks to jump in at the already high prices with the expectation that the prices will go even higher.
I certainly cannot say that the prices will not go higher either in the near term or long term future but historically speaking, they usually do not which has been my position all along.
Caution............before dumping large amounts of cash into this coin. Especially since it is close to $500 a pop raw.
No coin with a known mintage of 47,000 could ever expect to sustain that price level in the long term. The numbers simply do not support it. I mention the "known" mintage because that is what the US Mint related and that is the number which will get entered into the books.
The proof 1995-W is a different bird since it is a proof coin plus it's mintages are 17,000 coins lower. 17,000 translates into a lot more interest. Besides, the coin itself was never available as a single such as the 2008/07, it was only available in a set. Some collectors will never bust up the set which again limits its availability. >>
19Lyds, I really find it odd that as a fellow owner of this coin, you seem to be trying awful hard to lower the price of this coin. I really don't know what your gig is. If you don't own the coin or just sold it, I can understand if you want to talk crap about it. But, I don't understand how you could possibly own this coin and still talk crap about it. Are you some kind of masochist or something?
And yes, I know, I know. You're just speaking the truth, and that we should know what to expect...OK...and just what makes you the expert on the future? As far as my limited memory serves me, I don't believe they've invented the time machine as of yet. (I could be wrong though).
For you to keep on expressing that this coin is over valued, and is going to crash, and is never going to go back to where it was....WTF??? Just what in the world are you trying to accomplish here? Why don't you take all of your supposed knowledge of this industry and actually do something positive, rather than keep on complaining about how worthless this coin is?
No coin with a known mintage of 47,000 could ever expect to sustain that price level in the long term. The numbers simply do not support it. I mention the "known" mintage because that is what the US Mint related and that is the number which will get entered into the books.
The proof 1995-W is a different bird since it is a proof coin plus it's mintages are 17,000 coins lower. 17,000 translates into a lot more interest. Besides, the coin itself was never available as a single such as the 2008/07, it was only available in a set. Some collectors will never bust up the set which again limits its availability. >>
First of all 47k is the estimate that the mint says was possibly minted. Now how many escaped the mint? Maybe we will find out more later. Second, who says you have to bust up the set to sell the SAE? Many just sell the whole set. It still becomes available and after the price of the silver the gold is just at bullion. Last, I don't really see how the difference between 47k and 30k is that signivicant-especially when there is a $3500 difference in the price.
Gold and silver are valuable but wisdom is priceless.
<< <i> there are FAR more than 47,000 ASE collectors in the USA.. if the US Mint actually shipped 47,000 08/07s.. only a fraction of ASE collectors can ever own one.. that fact that one guy owns or owned 95 of them means he eliminated 94 other people who want one.. . >>
My personal belief about this coin is that in raw condition it could settle down 10-20% in the near future then hit solid ground and start a slower continual rise over the next 10 years or more. Now the MS70's - especially the PCGS ones- could hit real significant highs over what it is today. Now that is my guess and could be totally wrong. I hope it goes straight to the moon.
Gold and silver are valuable but wisdom is priceless.
OK, I got an email from Bill Gibbs this morning. I asked him if there was a status update as to how many were shipped. His response:
"Mr. Koo,
Mint officials have no idea as to the number shipped, and they have told us repeatedly that none were retrieved and destroyed. The 47,000-figure is likely to stand as an estimate.
Bill Gibbs So, basically, at least for now, no one really knows for certain. The only figure that we can be somewhat sure about is the 47,000, and OK, none were destroyed. How many were actually released to the public and how many were witheld? No one, not even the Mint, seems to know.
<< <i>OK, I got an email from Bill Gibbs this morning. I asked him if there was a status update as to how many were shipped. His response:
"Mr. Koo,
Mint officials have no idea as to the number shipped, and they have told us repeatedly that none were retrieved and destroyed. The 47,000-figure is likely to stand as an estimate.
Bill Gibbs So, basically, at least for now, no one really knows for certain. The only figure that we can be somewhat sure about is the 47,000, and OK, none were destroyed. How many were actually released to the public and how many were witheld? No one, not even the Mint, seems to know.
Sorry, I can't get any more definitive than that. >>
You Sir are an emailin' rascal.
Gold and silver are valuable but wisdom is priceless.
if you truly believe they shipped all 47,000 they claim they made.. which assumes you believe that number to begin with, (as in "the gubmint NEVER lies to us"..) .. and that they weren't furiously ripping open packages looking for them to yank them out of pending shipments.. and that they didn't destroy any that they found or didn't find.. (okay, they realized what they had done.. they found out what they were worth.. so instead of destroying them.. they just sort of accidentally on purpose bought them for themselves.. impossible?..) .. if you believe al of that.. then i have a bridge in Brooklyn i'd like to sell you or your Easter Bunny..
it's getting to the point that i don't think we'll ever really know what went on in Memphis.. and, as someone else said, 47,000 is not that much higher a number than 30,000.. so even if 47,000 stands carved in stone forever, and the FOIA request gets tossed in the round file..
{{crickets chirping}}..
"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> there are FAR more than 47,000 ASE collectors in the USA.. if the US Mint actually shipped 47,000 08/07s.. only a fraction of ASE collectors can ever own one.. that fact that one guy owns or owned 95 of them means he eliminated 94 other people who want one.. . >>
"there's something in the realm of 100 million USA residents who consider themselves "coin collectors" to some extent or another.. so in the grand scheme of things, 47,000 is a miniscule number.. "
I know some of these folks! By golly I do! These people are pocket change collectors simply gathering State Quarters as they see each different design. Few put them in albums, they don't really know anything about them other than their going to collect a full set and then sell them. Of this 100 million "coin" collectors, I'd bet that 99,999,000 would never consider paying $5 for an uncirculated GEM BU State Quarter. It simply makes no sense to them as they do not truely value what they've collected. The 100 million figure you are using is what the mint would like folks to believe. The number of "serious" collectors, is much lower. The number of "serious" Silver Eagle collectors is yet much lower.
<< <i>19Lyds, I really find it odd that as a fellow owner of this coin, you seem to be trying awful hard to lower the price of this coin. >>
I've never said that Koo. I've stated all along that the price will level off and more than likely drop from it's current levels.
<< <i>I really don't know what your gig is. If you don't own the coin or just sold it, I can understand if you want to talk crap about it. But, I don't understand how you could possibly own this coin and still talk crap about it. Are you some kind of masochist or something? >>
There you go again Koo, reading what you want instead of reading what I type. I have never spoken crap about this coin I've simply stated for folks to be careful as the prices "will level off and more than likely drop from it's current levels." I am not a macochist but perhaps I am a fool for even trying to reason with your collecting immaturity. It has become all too obvious that you have absolutely no experience with what you are talking about and will continue to hype this coin in an attempt to get more folks to buy it thereby inflating it's price. Folks WILL continue to buy this coin but as time passes, I think the prices "will level off and more than likely drop from it's current levels."
<< <i>And yes, I know, I know. You're just speaking the truth, and that we should know what to expect...OK...and just what makes you the expert on the future? As far as my limited memory serves me, I don't believe they've invented the time machine as of yet. (I could be wrong though). >>
There is no need for a time machine folks, that why we keep historical data so that the future can be reasonably predicted. Do some research on trends and fads friend.
<< <i>For you to keep on expressing that this coin is over valued, and is going to crash, and is never going to go back to where it was....WTF??? Just what in the world are you trying to accomplish here? Why don't you take all of your supposed knowledge of this industry and actually do something positive, rather than keep on complaining about how worthless this coin is? >>
I have never stated that this coin is worthless. This is your heated interpretation of my comments because I will not jump on your bandwagon and continue to hype the coin. I have seen these events in the past and they always end up the same. On the same note, I have never said that this coin will crash I have merely stated that the prices "will level off and more than likely drop from it's current levels."
Since you continue to allude that I have "sold my stash" and now wish for the bottom to fall out of the coin, let me ask you TonyWKoo, How many of these have you purchased? How much did you pay? How many other Silver Eagles do you have in your "collection"? Are you even a "collector" of Silver Eagles? Are you even a coin collector? Are you a dealer? Exactly what is YOUR vested interest in this coin?
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.
Our resident expert on the subject of the 2008 Reverse of 2007 ASE, TonyKWoo, has 104 of his 108 posts in this very thread...104 out of 108, first post June 12th. It's GREAT to see someone become an expert in 12 short days. Can anyone guess where the other 4 were posted? I can't, but was hoping someone could. I would have figured all 108 would have been posted here. So mant posts in such a short time......sounds like ahooka's back? Regardless, I wonder where I could learn to be an expert in Bust halves in 12 days.
Doesn't take much to find the people he has emailed to in regard to this matter. As Chaz Michael Michaels says...'Google on the internet machine'...
Has anyone else become an expert in another series in 12 days?
By the way....I have a couple, so I'm not posting negatively because I didn't jump on the bandwagon, which, apparently, is being driven by TonyKWoo.
I just couldn't shake my head in dismay (disgust, perhaps?) any longer, after seeing him try to take the reigns from the freakin' person that DISCOVERED the damn thing.......or is it just me?
Oh...if anyone CAN tell me where his other 4 posts went to, I'd love to know...but I would wager they went to other threads about the " '08R'07 " (I claim 'firstsies' on that name should it stick. I kinda like it already.
My, it's amazing how much better you can feel when you talk about something that bugs you, isn't it?
19Lyds, yes, I am rather new to this hobby. To answer your question, I have 5 of these coins. 2 raw, 2 NGC 69 ER, and 1 NGC 70 (not ER). It's because of this coin that I've decided to purchase '86-'08 uncirculated set. Now, I've also been eyeing the NGC 69 Proof Set also, but that's going to require quite a bit of change, and I'm not sure if I can justify it with my wife. (if she weren't around, I'd probably have pulled the trigger by now). But whenever I buy the proof, I do have a goal of completing this series.
Look, no one is arguing with you about pricing of this coin. If you look at my posts, never did I proclaim that this coin is going to keep on going up and up. I think that everyone already knows the pattern of these types of hot items. It shoots up, and then drops, and then slowly rises again. We've already seen the peak. Now, it price has dropped a bit and leveled. Hopefully, it will stay so. If not, it'll fall even lower. But that's life. That's just the way things go and I think we all know that. We don't need you to keep on reminding us of that.
Am I REALLY trying to pump up the price of this coin? C'mon...when have I ever said anything false? I've tried as best as I could to reveal all the information I've gotten about this coin. None of it has been made up. I've included names, organizations, email/email addresses, phone numbers, and titles of the sources that I corresponded with. Never have I been trying to artificially pump up the price of this coin. All I've been doing is informing. I liked what someone else mentioned here. I'm not trying to "pump up" the price of this coin, but I am trying to promote it. You may not see a difference by I do.
In any event, all I've been doing is passing knowledge from one place to another. I'm not manipulating or trying to fool the market. On the contrary, I'm trying to reveal what's really happening and let the people make more informed decisions. They have a right to know the truth.
<< <i>Oh...if anyone CAN tell me where his other 4 posts went to, I'd love to know...but I would wager they went to other threads about the " '08R'07 " (I claim 'firstsies' on that name should it stick. I kinda like it already.
<< <i>rgCoinGuy...thanx! Why am I not surprised it was an offshoot of this thread??? >>
nutz4coinz, what the heck are you talking about? And why are you so interested in where I made those other 4 posts? If you really want to know, I believe I made some posts at another thread (the one that way trying to talk negatively about this one. remember folks? how to summarize these thousands of posts....blah, blah, blah). I've also done some PMing with a few other members.
I really have no idea why you're so upset about this. I don't see where I've gone wrong with what I've done here.
Look, I have absolutely nothing to hide. This morning, I got that email from Bill Gibbs saying that he thought that 47,000 was the right estimate for the population size. Previously, I was hoping for a much smaller number (just like everyone else here). For a brief second, I thought about not posting that info here, but I realized that the truth is the truth, and that I had to reveal as much as I could to keep people informed.
Comments
<< <i>Since you are here-did they ever grant you a discovery coin designation? I may have missed that earlier so appologies if I did.
NOPE!
I actually thought that it would be good publicity and public relations for a grading co. to do this . . . Guess not.
Regards, John >>
Did you ask John? NGC is usually pretty good about this.
The name is LEE!
Any predictions on how this would impact price and when?
Scott Schecter was my contact person. He told me that he went-to-bat for me to try to get the designation, but got blammed.
Did offer free grading for them and offered to designate one "John Nanney Collection" . . . which means nothing. Nice guy btw.
Didn't try ANACS, & from what I understand, PCGS doesn't do this.
Regards, John
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!
The name is LEE!
<< <i>OK, from the reaction to the greysheet info this means there will be more demand for the coin. >>
I don't really think so since the Grey Sheet is for Coin Dealers and they all know about this coin already.
As I mentioned earlier, CDN only reports on the market, they don't "make" or "create" the market.
The name is LEE!
<< <i>Did you ask John? NGC is usually pretty good about this.
Scott Schecter was my contact person. He told me that he went-to-bat for me to try to get the designation, but got blammed.
Did offer free grading for them and offered to designate one "John Nanney Collection" . . . which means nothing. Nice guy btw.
Didn't try ANACS, & from what I understand, PCGS doesn't do this.
Regards, John >>
Seems like they should have. Never gave the particulars about the denial? My guess they wanted to glory for themselves. You could rewrite that Alan Jackson song into "They got the glory-I got the bling". Well, maybe not.
<< <i>Did you ask John? NGC is usually pretty good about this.
Scott Schecter was my contact person. He told me that he went-to-bat for me to try to get the designation, but got blammed.
Did offer free grading for them and offered to designate one "John Nanney Collection" . . . which means nothing. Nice guy btw.
Didn't try ANACS, & from what I understand, PCGS doesn't do this.
Regards, John >>
Hey John, it would too mean something, years from now everyone that doesn't already know, will know your the man and that coin will always be special and would pull a ton of dough as well, not that you wouldn't maybe wanna keep it cause thats up to you...I bet right now it'd fetch $10G's plus...BTW, I had a plug for you in my listings stating you discovered it...
the coin has some staying power now
<< <i>We're due a "daily dump" anytime now.
Your wish is my desire.
Ok Folks, here is the latest dump!
Below you will find 2 week history charts for ALL hits on:
"2007 reverse 2008"
"2007 reverse 2008 NGC"
"2007 reverse 2008 PCGS"
"2007 reverse 2008 NGC MS69"
"2007 reverse 2008 PCGS MS69"
"2007 reverse 2008 NGC MS70"
"2007 reverse 2008 PCGS MS70"
"2007 reverse 2008 NGC MS69"
"2007 reverse 2008 -PCGS -NGC"
What that SHOULD give us, I know there are outliers, are the trends for all of the 2008 ASEs with the Reverse of the 2007 ASE. I have also captured other charts to show Raw coins, PCGS graded coins, and NGC graded coins. Read the bold print above the charts for clarification, they are pretty self explanitory.
As I have stated before, this dump DOES NOT include auctions ending past 10:00PM EDT today, so if there are a large number of auctions ending tonight, the #'s are going to be different. To get the most accurate trends, do not include today.
Here goes!
If not all the pics show up, right click on the blank picture and then click SHOW PICTURE.
****************************************************************************************
****************************************************************************************
Past 2 weeks, graded and raw
****************************************************************************************
****************************************************************************************
All NGC graded coins
****************************************************************************************
****************************************************************************************
All PCGS graded coins
****************************************************************************************
****************************************************************************************
All raw coins
****************************************************************************************
****************************************************************************************
NGC MS69
****************************************************************************************
****************************************************************************************
PCGS MS69
****************************************************************************************
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NCG MS70
****************************************************************************************
****************************************************************************************
PCGS MS70
jessewvu...............thank you
After realizing spectacular gains, these coins have been holding steady or perhaps lost a little ground in the last couple of weeks. At this point can the coins double in value? Maybe, but the coins are not seeing the velocity of appreciation as previously enjoyed. This has a way of dampening the enthusiasm for many people who purchased the coins within the last couple of weeks with the expectation of immediate appreciation.
What I think I’ve observed for myself after purchasing many of the “fad” coins 19Lyds listed—and having fun doing it—is that hype can get a coin going in the short run, but doesn’t usually sustain a coin in the long run. Hype creates expectation and expectations can only be left unfulfilled for so long before individuals get impatient and dump the coin to find something else which looks more promising. And Americans overall, are very impatient people.
Yes, keeping the enthusiasm and mania going by continual posts to this thread may help sustain and push up prices, but for whatever reason, it doesn’t seem to have resulted in pushing up prices these last couple of weeks. Hype can drive up prices to an extent, but there is a saturation point with hype. People start to turn off to it, just like email spam. If something becomes over-hyped, it can in many cases start losing value instead of appreciating. If people start believing that this coin is being heavily promoted for the financial interests of a few, they are more prone to being turned off. When people turn off, demand drops and so do prices. It seems that the interest in this coin at this point is in the prospect of making money rather that interest in the variety itself. This makes the market for this Eagle extremely vulnerable to dumping when other opportunities for a quick buck manifest themselves.
And yes, nobody can reliably predict the future . . .
<< <i>Good price on a NGC MS70! eBay #110264733510
I'm not familiar with this seller, but it is priced cheap for some flipper to pick up. Only concern would be his feedback rating. >>
Am I missing something or does the acution have a bit more than just a NGC MS70 2008/078 coin?
"THIS IS THE ULTIMATE LOT OF COINS. MANY GRADED MS/PF 70 THE HIGHEST GRADE YOU CAN GET
A 2008 W AMERICAN EAGLE GRADED AN MS70 BY NGC WITH THE REV OF 07
A 2008 W AMERICAN EAGLE GRADED AN PF 70 ULTRA CAM BY NGC
A 1999 S SILVER NEW JERSEY PCGS PR 69 DCAM
A 1999 S SILVER DELAWARE PCGS PR 66 DCAM
A 1999 S SILVER GEORGIA PCGS PR 68 DCAM
A 1999 S SILVER PENNSYLVANIA PCGS PR 68 DCAM
A 1999 S SILVER CONNECTICUT PCGS PR 68 DCAM
A 1900 SILVER MORGAN DOLLAR PCGS AU53
A 2007 D GEORGE WASHINGTON FIRST DAY OF ISSUE DOLLAR BRILLIANT
A 2007 P JOHN ADAMS FIRST DAY OF ISSUE DOLLAR BRILLIANT UNC
A 2008 S BALD EAGLE 50C NGC GRADED PF 70 ULTRA CAMEO
A 2008 S BALD EAGLE 50C NGC GRADED MS 70
A 2000 P 25C NEW HAMPSHIRE NGC GRADED AU58. YOU HAVE TO HOLD JUST RIGHT TO SEE THE P STAMP. OTHERWISE LOOKS LIKE NO MINT MARK.
A 1999-2007 50 STATE QUARTERS GREETINGS FROM AMERICAN STATE CARD ALBUM. YOU GET 45 STATE QUARTERS CARDS AND STAMPS. YOU WILL REC THE LAST 5 STATES WHEN I REC THEM AT NO EXTRA CHARGE. THIS BOOK HAS A LOT OF HISTORY ABOUT OUR COINS AND STATES. THEY ALL FIT SNUG IN THE BOOK.
A 1883 O MORGAN DOLLAR
A 1943 D WALKING LADY 50 CENT
A 1943 WALKING LADY 50 CENT NGC GRADED F15
A 2008 50 STATE QUARTERS SILVER PROOF SET
A 1976 D WASHINGTON QUARTER
A 1960 RD LARGE DATE LINCOLN CENT
A 1992 S JEFFERSON DCAM
A 2000 S MASSACHUSETTS QUARTER ANI PR70 DCAM
A 1977 S JEFFERSON CAM
A 1971 S ROOSEVELT DIME
A 2000 P KENNEDT HALF
A 1953 5.00 SILVER CERTIFICATE BLUE SEAL A 10738116 A
A 1963 RED SEAL 2.00 BILL A 02175297 A
A 2003 WASHINGTON FEDERAL RESERVE NOTE G 90889424 G
A 1999-2008 littleton coin album (the green book) archival quality with 47 state quarters. you will get the last three when I get them in.
A set of 50 state color dollars each dollar gives details about that state.
A whitman Presidential dollars coin folder with the first 2007-2008 coins in there."
Auction Link.
The name is LEE!
Being listed in the Greysheet, is a step in the right direction.
Can only help fuel the raging fire.
What auction are you refering to?
<< <i>
<< <i>OK, from the reaction to the greysheet info this means there will be more demand for the coin. >>
I don't really think so since the Grey Sheet is for Coin Dealers and they all know about this coin already.
As I mentioned earlier, CDN only reports on the market, they don't "make" or "create" the market. >>
I have to disagree with you here...somewhat. CDN doesn't just report what's already in the market, it also does inform those who don't already know (which is most, if not all, of it's readers) I mean, c'mon, if everyone already knows what are in the Greysheets, then why the hell does anyone subscribe to it? It's ridiculous!
The Greysheet, along with the Redbook, NGC, PCGS, ANA, Coin World, Numismatic News, and others...all have influence (like I said many many posts ago) in exposing and legitamizing this coin as a distinct, unique and valuable part of the American Silver Eagle series. You might say that all of those publications and organizations are only reacting to the market, but I disagree. Yes, they reflect the sentiment of a portion of the public. However, they also direct the sentiment of the rest.
Getting this type of exposure is very important to the future of this coin. It lets everyone know that this isn't just some flash in the pan, here today, gone tommorrow. I get the feeling that everyone is already getting that feeling.
<< <i>The people who purchased these coins directly from the mint some weeks ago are doing very well. If they are cashing out now, they made an average of around 20 times their money. Understandably, these initial buyers are very excited. They love the coin. Who wouldn’t? But can people buying them now realistically expect the same gains? Probably not, because in order to do so, the coins would have to rise in value to around $10,000 a piece. The easy money has already been made with the 2008 reverse of 2007 Silver Eagles.
After realizing spectacular gains, these coins have been holding steady or perhaps lost a little ground in the last couple of weeks. At this point can the coins double in value? Maybe, but the coins are not seeing the velocity of appreciation as previously enjoyed. This has a way of dampening the enthusiasm for many people who purchased the coins within the last couple of weeks with the expectation of immediate appreciation.
What I think I’ve observed for myself after purchasing many of the “fad” coins 19Lyds listed—and having fun doing it—is that hype can get a coin going in the short run, but doesn’t usually sustain a coin in the long run. Hype creates expectation and expectations can only be left unfulfilled for so long before individuals get impatient and dump the coin to find something else which looks more promising. And Americans overall, are very impatient people.
Yes, keeping the enthusiasm and mania going by continual posts to this thread may help sustain and push up prices, but for whatever reason, it doesn’t seem to have resulted in pushing up prices these last couple of weeks. Hype can drive up prices to an extent, but there is a saturation point with hype. People start to turn off to it, just like email spam. If something becomes over-hyped, it can in many cases start losing value instead of appreciating. If people start believing that this coin is being heavily promoted for the financial interests of a few, they are more prone to being turned off. When people turn off, demand drops and so do prices. It seems that the interest in this coin at this point is in the prospect of making money rather that interest in the variety itself. This makes the market for this Eagle extremely vulnerable to dumping when other opportunities for a quick buck manifest themselves.
And yes, nobody can reliably predict the future . . . >>
I have NO IDEA what you're talking about. SORRYYYYYYYYY....
-69 62/162 38.3%
-70 47/162 29.0
Other 53/162 32.7
Seems to be a decline in the number listed, over the past few days.
<< <i>The people who purchased these coins directly from the mint some weeks ago are doing very well. If they are cashing out now, they made an average of around 20 times their money. Understandably, these initial buyers are very excited. They love the coin. Who wouldn’t? But can people buying them now realistically expect the same gains? Probably not, because in order to do so, the coins would have to rise in value to around $10,000 a piece. The easy money has already been made with the 2008 reverse of 2007 Silver Eagles.
After realizing spectacular gains, these coins have been holding steady or perhaps lost a little ground in the last couple of weeks. At this point can the coins double in value? Maybe, but the coins are not seeing the velocity of appreciation as previously enjoyed. This has a way of dampening the enthusiasm for many people who purchased the coins within the last couple of weeks with the expectation of immediate appreciation.
What I think I’ve observed for myself after purchasing many of the “fad” coins 19Lyds listed—and having fun doing it—is that hype can get a coin going in the short run, but doesn’t usually sustain a coin in the long run. Hype creates expectation and expectations can only be left unfulfilled for so long before individuals get impatient and dump the coin to find something else which looks more promising. And Americans overall, are very impatient people.
Yes, keeping the enthusiasm and mania going by continual posts to this thread may help sustain and push up prices, but for whatever reason, it doesn’t seem to have resulted in pushing up prices these last couple of weeks. Hype can drive up prices to an extent, but there is a saturation point with hype. People start to turn off to it, just like email spam. If something becomes over-hyped, it can in many cases start losing value instead of appreciating. If people start believing that this coin is being heavily promoted for the financial interests of a few, they are more prone to being turned off. When people turn off, demand drops and so do prices. It seems that the interest in this coin at this point is in the prospect of making money rather that interest in the variety itself. This makes the market for this Eagle extremely vulnerable to dumping when other opportunities for a quick buck manifest themselves.
And yes, nobody can reliably predict the future . . . >>
First of all I don't think what is said on this forum affects the "mania" of this coin in any great way. The coin collecting world is much bigger than this forum. Second, a consolidation in pricing is normal and can be expected. What should impress everyone is the ability of this coin to hold value in the face of the usual flipper activity that occurs on sudden releases like this. Anyone buying this coin now should not expect sudden 10 fold values of thier holding. Those who buy now would be the true collector who wants to hold this for their collection and would expect the typical fluctuations in value.
<< <i>First of all I don't think what is said on this forum affects the "mania" of this coin in any great way. The coin collecting world is much bigger than this forum. Second, a consolidation in pricing is normal and can be expected. What should impress everyone is the ability of this coin to hold value in the face of the usual flipper activity that occurs on sudden releases like this. Anyone buying this coin now should not expect sudden 10 fold values of thier holding. Those who buy now would be the true collector who wants to hold this for their collection and would expect the typical fluctuations in value. >>
This forum most certainly did affect "some" of the mania with regard to this coin the beginning. I would have never known about it in time to order more since my Coin World is always two weeks late!
As for the coin itself, it is still way early in the "game" to make any absolute predictions other than watching where the prices go. These appear to have stabilized and having the coin in the greysheet, if anything at all, would stabilize the price even more since a printed "value" has been placed on the coin.
Again, still too early.
The name is LEE!
<< <i>
<< <i>First of all I don't think what is said on this forum affects the "mania" of this coin in any great way. The coin collecting world is much bigger than this forum. Second, a consolidation in pricing is normal and can be expected. What should impress everyone is the ability of this coin to hold value in the face of the usual flipper activity that occurs on sudden releases like this. Anyone buying this coin now should not expect sudden 10 fold values of thier holding. Those who buy now would be the true collector who wants to hold this for their collection and would expect the typical fluctuations in value. >>
This forum most certainly did affect "some" of the mania with regard to this coin the beginning. I would have never known about it in time to order more since my Coin World is always two weeks late!
As for the coin itself, it is still way early in the "game" to make any absolute predictions other than watching where the prices go. These appear to have stabilized and having the coin in the greysheet, if anything at all, would stabilize the price even more since a printed "value" has been placed on the coin.
Again, still too early. >>
I too was made aware of this coin from this forum but I don't consider that to have affected demand and what people are paying to a large degree. I think it takes a larger customer "mass" to affect the price than exists on this board.
In a large part, this may be true. However given the talk that exists just within this thread, could be encouragement enough for folks to jump in at the already high prices with the expectation that the prices will go even higher.
I certainly cannot say that the prices will not go higher either in the near term or long term future but historically speaking, they usually do not which has been my position all along.
Caution............before dumping large amounts of cash into this coin. Especially since it is close to $500 a pop raw.
No coin with a known mintage of 47,000 could ever expect to sustain that price level in the long term. The numbers simply do not support it. I mention the "known" mintage because that is what the US Mint related and that is the number which will get entered into the books.
The proof 1995-W is a different bird since it is a proof coin plus it's mintages are 17,000 coins lower. 17,000 translates into a lot more interest. Besides, the coin itself was never available as a single such as the 2008/07, it was only available in a set. Some collectors will never bust up the set which again limits its availability.
The name is LEE!
<< <i>I came up with 156 auctions, using "2008 reverse" as keywords.
Seems to be a decline in the number listed, over the past few days. >>
The key is the continued large amount of bids each auction is generating ...indicating still high interest and prices
<< <i>
<< <i>
<< <i>First of all I don't think what is said on this forum affects the "mania" of this coin in any great way. The coin collecting world is much bigger than this forum.
[snip]..
As for the coin itself, it is still way early in the "game" to make any absolute predictions other than watching where the prices go. These appear to have stabilized and having the coin in the greysheet, if anything at all, would stabilize the price even more since a printed "value" has been placed on the coin.
Again, still too early. >>
>>
I too was made aware of this coin from this forum but I don't consider that to have affected demand and what people are paying to a large degree. I think it takes a larger customer "mass" to affect the price than exists on this board. >>
these Collectors Universe boreds have something around 22,000 registered members.. there are MANY boreds other than the US Coin Forum where this thread exists, and hundreds of threads just on this Forum.. there are also areas for all kinds of things other than US coins, World coins, Registry sets, and so on.. there are boards for stamps, sports cards, comics, records, and other collectibles.. so the population of the 22,000 registered members who are even registered to CU's boreds to begin with, who are participating in this particular thread (by participating, i mean posting.. no way to know how many others are lurking and never say a thing).. is much smaller than that number..
there are FAR more than 47,000 ASE collectors in the USA.. if the US Mint actually shipped 47,000 08/07s.. only a fraction of ASE collectors can ever own one.. that fact that one guy owns or owned 95 of them means he eliminated 94 other people who want one..
there's something in the realm of 100 million USA residents who consider themselves "coin collectors" to some extent or another.. so in the grand scheme of things, 47,000 is a miniscule number.. and, depending on how many the Mint actually shipped.. and there is WAY to much anecdotal evidence to believe all 47,000 they claim they made actually got shipped.. i still think this coin has tremendous upside potential as it is not only a popular series, widely-collected, but is getting more and more recognition from the "authorities", the press, the book publishers, the dealer sheets.. everywhere..
i've been reading CW longer, probably, than many reading what i'm typing have been alive.. i could be wrong, and would be glad to be proven wrong, but i can't remember one other single example in recent memory where an outfit like Coast to Coast advertised a specific buy price for a specific coin in one of their huge double-page display ads.. sure, the weeklies are filled with "wanted to buy" ads.. their classifieds are filled with insulting offers to buy this or that or "if your holdings warrant, we'll fly to you!", never making any mention about just how much your holdings have to be for them to put some joker with an empty briefcase and a blank check on a plane to fly to you to buy it all..
at any rate, the point i'm perhaps badly making here is that this thread on this bored on this Web site is not the be-all, end-all of the population of people who want this coin.. there's a finite number of them to go around, and there are far fewer of them than people who want them.. IN MY OPINION.. which will keep the price on an upward trend, with an occasional lull.. weeks.. months.. years.. don't ask me when it'll be worth what.. i don't know, and neither does anyone else.. unless you have a time machine.. in which case, i'd like to rent it for a few hours.. and if i could get in a time machine, i'd go back, not forward.. and i promise not to step on a bug.. or at least try to.. would hate to come back and find you've all turned into lizards and it's raining donuts..
- John Wayne, "The Shootist" (1976.. his final film)..
<< <i>"I think it takes a larger customer "mass" to affect the price than exists on this board. "
In a large part, this may be true. However given the talk that exists just within this thread, could be encouragement enough for folks to jump in at the already high prices with the expectation that the prices will go even higher.
I certainly cannot say that the prices will not go higher either in the near term or long term future but historically speaking, they usually do not which has been my position all along.
Caution............before dumping large amounts of cash into this coin. Especially since it is close to $500 a pop raw.
No coin with a known mintage of 47,000 could ever expect to sustain that price level in the long term. The numbers simply do not support it. I mention the "known" mintage because that is what the US Mint related and that is the number which will get entered into the books.
The proof 1995-W is a different bird since it is a proof coin plus it's mintages are 17,000 coins lower. 17,000 translates into a lot more interest. Besides, the coin itself was never available as a single such as the 2008/07, it was only available in a set. Some collectors will never bust up the set which again limits its availability. >>
19Lyds, I really find it odd that as a fellow owner of this coin, you seem to be trying awful hard to lower the price of this coin. I really don't know what your gig is. If you don't own the coin or just sold it, I can understand if you want to talk crap about it. But, I don't understand how you could possibly own this coin and still talk crap about it. Are you some kind of masochist or something?
And yes, I know, I know. You're just speaking the truth, and that we should know what to expect...OK...and just what makes you the expert on the future? As far as my limited memory serves me, I don't believe they've invented the time machine as of yet. (I could be wrong though).
For you to keep on expressing that this coin is over valued, and is going to crash, and is never going to go back to where it was....WTF??? Just what in the world are you trying to accomplish here? Why don't you take all of your supposed knowledge of this industry and actually do something positive, rather than keep on complaining about how worthless this coin is?
The proof 1995-W is a different bird since it is a proof coin plus it's mintages are 17,000 coins lower. 17,000 translates into a lot more interest. Besides, the coin itself was never available as a single such as the 2008/07, it was only available in a set. Some collectors will never bust up the set which again limits its availability. >>
First of all 47k is the estimate that the mint says was possibly minted. Now how many escaped the mint? Maybe we will find out more later. Second, who says you have to bust up the set to sell the SAE? Many just sell the whole set. It still becomes available and after the price of the silver the gold is just at bullion. Last, I don't really see how the difference between 47k and 30k is that signivicant-especially when there is a $3500 difference in the price.
<< <i>
there are FAR more than 47,000 ASE collectors in the USA.. if the US Mint actually shipped 47,000 08/07s.. only a fraction of ASE collectors can ever own one.. that fact that one guy owns or owned 95 of them means he eliminated 94 other people who want one..
. >>
Someone owns more than me? drats! beat by 8.
"Mr. Koo,
Mint officials have no idea as to the number shipped, and they have told us repeatedly that none were retrieved and destroyed. The 47,000-figure is likely to stand as an estimate.
Bill Gibbs
So, basically, at least for now, no one really knows for certain. The only figure that we can be somewhat sure about is the 47,000, and OK, none were destroyed. How many were actually released to the public and how many were witheld? No one, not even the Mint, seems to know.
Sorry, I can't get any more definitive than that.
<< <i>OK, I got an email from Bill Gibbs this morning. I asked him if there was a status update as to how many were shipped. His response:
"Mr. Koo,
Mint officials have no idea as to the number shipped, and they have told us repeatedly that none were retrieved and destroyed. The 47,000-figure is likely to stand as an estimate.
Bill Gibbs
So, basically, at least for now, no one really knows for certain. The only figure that we can be somewhat sure about is the 47,000, and OK, none were destroyed. How many were actually released to the public and how many were witheld? No one, not even the Mint, seems to know.
Sorry, I can't get any more definitive than that. >>
You Sir are an emailin' rascal.
<< <i>You Sir are an emailin' rascal. >>
Just call me E.R. for short.
it's getting to the point that i don't think we'll ever really know what went on in Memphis.. and, as someone else said, 47,000 is not that much higher a number than 30,000.. so even if 47,000 stands carved in stone forever, and the FOIA request gets tossed in the round file..
{{crickets chirping}}..
- John Wayne, "The Shootist" (1976.. his final film)..
<< <i>
<< <i>
there are FAR more than 47,000 ASE collectors in the USA.. if the US Mint actually shipped 47,000 08/07s.. only a fraction of ASE collectors can ever own one.. that fact that one guy owns or owned 95 of them means he eliminated 94 other people who want one..
. >>
Someone owns more than me? drats! beat by 8. >>
I'll sell ya 9 ... for the right price
I know some of these folks! By golly I do! These people are pocket change collectors simply gathering State Quarters as they see each different design. Few put them in albums, they don't really know anything about them other than their going to collect a full set and then sell them. Of this 100 million "coin" collectors, I'd bet that 99,999,000 would never consider paying $5 for an uncirculated GEM BU State Quarter. It simply makes no sense to them as they do not truely value what they've collected. The 100 million figure you are using is what the mint would like folks to believe. The number of "serious" collectors, is much lower. The number of "serious" Silver Eagle collectors is yet much lower.
<< <i>19Lyds, I really find it odd that as a fellow owner of this coin, you seem to be trying awful hard to lower the price of this coin. >>
I've never said that Koo. I've stated all along that the price will level off and more than likely drop from it's current levels.
<< <i>I really don't know what your gig is. If you don't own the coin or just sold it, I can understand if you want to talk crap about it. But, I don't understand how you could possibly own this coin and still talk crap about it. Are you some kind of masochist or something? >>
There you go again Koo, reading what you want instead of reading what I type. I have never spoken crap about this coin I've simply stated for folks to be careful as the prices "will level off and more than likely drop from it's current levels." I am not a macochist but perhaps I am a fool for even trying to reason with your collecting immaturity. It has become all too obvious that you have absolutely no experience with what you are talking about and will continue to hype this coin in an attempt to get more folks to buy it thereby inflating it's price. Folks WILL continue to buy this coin but as time passes, I think the prices "will level off and more than likely drop from it's current levels."
<< <i>And yes, I know, I know. You're just speaking the truth, and that we should know what to expect...OK...and just what makes you the expert on the future? As far as my limited memory serves me, I don't believe they've invented the time machine as of yet. (I could be wrong though). >>
There is no need for a time machine folks, that why we keep historical data so that the future can be reasonably predicted. Do some research on trends and fads friend.
<< <i>For you to keep on expressing that this coin is over valued, and is going to crash, and is never going to go back to where it was....WTF??? Just what in the world are you trying to accomplish here? Why don't you take all of your supposed knowledge of this industry and actually do something positive, rather than keep on complaining about how worthless this coin is? >>
I have never stated that this coin is worthless. This is your heated interpretation of my comments because I will not jump on your bandwagon and continue to hype the coin. I have seen these events in the past and they always end up the same. On the same note, I have never said that this coin will crash I have merely stated that the prices "will level off and more than likely drop from it's current levels."
Since you continue to allude that I have "sold my stash" and now wish for the bottom to fall out of the coin, let me ask you TonyWKoo, How many of these have you purchased? How much did you pay? How many other Silver Eagles do you have in your "collection"? Are you even a "collector" of Silver Eagles? Are you even a coin collector? Are you a dealer? Exactly what is YOUR vested interest in this coin?
The name is LEE!
Doesn't take much to find the people he has emailed to in regard to this matter. As Chaz Michael Michaels says...'Google on the internet machine'...
Has anyone else become an expert in another series in 12 days?
By the way....I have a couple, so I'm not posting negatively because I didn't jump on the bandwagon, which, apparently, is being driven by TonyKWoo.
I just couldn't shake my head in dismay (disgust, perhaps?) any longer, after seeing him try to take the reigns from the freakin' person that DISCOVERED the damn thing.......or is it just me?
Oh...if anyone CAN tell me where his other 4 posts went to, I'd love to know...but I would wager they went to other threads about the " '08R'07 " (I claim 'firstsies' on that name should it stick. I kinda like it already.
My, it's amazing how much better you can feel when you talk about something that bugs you, isn't it?
I thought this was a hobby, not an 'industry'???
Look, no one is arguing with you about pricing of this coin. If you look at my posts, never did I proclaim that this coin is going to keep on going up and up. I think that everyone already knows the pattern of these types of hot items. It shoots up, and then drops, and then slowly rises again. We've already seen the peak. Now, it price has dropped a bit and leveled. Hopefully, it will stay so. If not, it'll fall even lower. But that's life. That's just the way things go and I think we all know that. We don't need you to keep on reminding us of that.
Am I REALLY trying to pump up the price of this coin? C'mon...when have I ever said anything false? I've tried as best as I could to reveal all the information I've gotten about this coin. None of it has been made up. I've included names, organizations, email/email addresses, phone numbers, and titles of the sources that I corresponded with. Never have I been trying to artificially pump up the price of this coin. All I've been doing is informing. I liked what someone else mentioned here. I'm not trying to "pump up" the price of this coin, but I am trying to promote it. You may not see a difference by I do.
In any event, all I've been doing is passing knowledge from one place to another. I'm not manipulating or trying to fool the market. On the contrary, I'm trying to reveal what's really happening and let the people make more informed decisions. They have a right to know the truth.
Mach19, do you think I am off base? Truthfully??? Iif you think I am, I'll withdraw the post.
<< <i>Oh...if anyone CAN tell me where his other 4 posts went to, I'd love to know...but I would wager they went to other threads about the " '08R'07 " (I claim 'firstsies' on that name should it stick. I kinda like it already.
>>
Try here nutz THE OTHER FOUR POSTS!
This one asking for a summary of this one.
The name is LEE!
<< <i>rgCoinGuy...thanx! Why am I not surprised it was an offshoot of this thread??? >>
nutz4coinz, what the heck are you talking about? And why are you so interested in where I made those other 4 posts? If you really want to know, I believe I made some posts at another thread (the one that way trying to talk negatively about this one. remember folks? how to summarize these thousands of posts....blah, blah, blah). I've also done some PMing with a few other members.
I really have no idea why you're so upset about this. I don't see where I've gone wrong with what I've done here.
Look, I have absolutely nothing to hide. This morning, I got that email from Bill Gibbs saying that he thought that 47,000 was the right estimate for the population size. Previously, I was hoping for a much smaller number (just like everyone else here). For a brief second, I thought about not posting that info here, but I realized that the truth is the truth, and that I had to reveal as much as I could to keep people informed.