Hype - sometimes things are just really funny

Boom

Something just occured to me as I surfed thru listing after countless listing
regarding the 08 ASE with the 07 Reverse. This phenomenon known as hype
really has people doing some rather amusing things.

With a "guesstimated" mintage of 47,000, buyers are spending mutiples on a
piece of Silver bullion just because of a wrong Reverse. Is it really a genuine
mint error or yet another ingenious ploy to generate a frenzy and revenue?

How can a piece of bullion with a mis-shaped "U" and a different Star pattern with such a mintage
be declared RARE while KNOWN certified coins of far less numbers - population-wise, & much older,
just stand by literally un-noticed? Quite a few known pieces come to mind. It's just plain comical.

People do the craziest things.

Psychology 101: Human Behavior Patterns

Shop on folks.

TwoSides2aCoin

The true value is never known on coins until the fanfare is gone. This takes a while as you know, Boom.

You've seen the rise and fall of Washingtons, as a whole. It's a fad, a craze, and a world of madness that is a joy to watch unfold. It's entertainment for the cost of paying an ISP. We just have to remain vigilant. Either get on board quick and take a dump or sit back and laugh. But there is serious money being made while we type/and or typecast.

Boom

Well said!

Boom

As stated in another thread but was intended for THIS one!
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You guys like Old movies - you know - "Classics"? I do.

I like a lot of old shows & sit-coms, the kind we grew up watching.

Shows like Bonanza (recall the 60s & how it was sponsored by Chevrolet?),

The FBI (with Effram Zimmblast Jr) - on Sunday evenings as well and hosted (Oh BTW, by FORD)

Shows like The Andy Griffith Show in which everyone BUT Andy was THE Star.

Oh, "The Lawrence Welk Show" with The Lennon Sisters, all the different singers & dancers - old-timers loved it!

But, beyond these are the old Movies I am referring to, Movies with the likes of Bogart, Sinatra, Jimmy Stewart,
Marlon Brando, John Wayne - oh & my all time Favorite - Mr. James Cagney - the ultimate champion tough guy, small in stature but a Giant among men, with a BIG heart - tougher than nails?

Watch these old movies cast many years ago back in the 30s -30s-40s and note how they often say "OK, Bud - so what's your angle?" This is what all this Hype reminds me of. "Angles"

So, The Mint has had several angles, particularly since the advent of the new presses in which the new Directir at the time, Henrietta Fore, I believe, proudly proclaimed, much to the dismay of error collectors everywhere, that with these new presses the Day of Errors were to be NO MORE.

Right out the blocks there came a storm of "Mules" - remember those?

I suppose my point is, if we step back & look at the 98-99-2000 WIDE "AM' cent (Proof Reverses)
If we look at the $5 & $10 Gold 1999 Eagles (struck from unfinished Proof dies)
The Sacagawea "Mules" - etc. Every now & then The US Mint seems to come up with some new angle to
keep collectors hunting for a piece of the action - to generate or rekindle collectors' interests.

Just a few points to ponder & consider.... no more - no less. Take it for what it's worth or not at all.

morgansforever

Hey Boom, I here where your coming from.

Spontaneous collectibility, right out of the gate. Doesn't a coin have to mature for years?

What was it like when the numbers came out about the 95W ASE?

Was there hype associated with this issue?

So far there hasn't been a slowdown, raw coins over $300.

We will see in 5 years or so, if there is still life in these coins.

Boom

Ya know, I honestly don't recall regarding the 95-W.

But it is all quite clear this morning, to me anyway, that "instant collectibility" is & has been fabricated and HAS BEEN for - well... for sure as far back as the bootleg 1913 Nickels that if the Government REALLY wanted to, COULD confiscate and order destroyed, because afterall, they ARE illegal and ought not exist, at all.

I'd be terrified to own one, wouldn't you?

pontiacinf

while I am happy for the people making money on these, I feel for the ones buying.

them prices will tank when the fad is thru

Boom

I think you may be right but for the sake of many, I hope you're not.

jmski52

Ya know, I honestly don't recall regarding the 95-W.

Phillip Diehl was the Mint Director. He was a political appointee who decided to play collectors for all they were worth, by including a Proof Silver Eagle with the Proof Gold 4-coin set, and by not offering a single coin version.

By completely stomping on the loyal collectors of Proof Silver Eagles who had supported the program for 10 years, he refused to offer the special "anniversary" Silver Eagle by itself.

So, anyone who didn't have a spare $1,000.00 was shut out from obtaining the key coin. To make matters worse, it was obvious that the coin would be low mintage because of the Mint's exclusionary new policy of limiting a coin to well-heeled speculators.

(Sidebar - back in 1995, a $1,000 was actually worth about $500, instead of the $100 that it's worth now, so it actually was a substantial sum at the time.)

Note - he didn't give Silver Eagle collectors any advantage - he took advantage of their loyalty and he made the assumption that the Silver Eagle collectors would all pony up the extra Grand, instead of the $23.00 that they were paying for their coins at the time.

Ah, 1995 - the year I stopped buying Proof Silver Eagles - I remember it well.

Now, a few years later - I buy Proof Plats and support the Mint's elitist game as they continue to milk collectors until the well runs dry. And it will.

Boom

Ya know - now that you mention it, I need to check out my Eagles that came in presentation cases, sealed in Air-Tites. I just MAY have a DCAM 95-W. Wouldn't that be something! I never paid much mind but we ARE speaking of the Proof, right? Not the business strike!??

I have a hoard of ASE ALL in presentation cases, including many DCAM Proofs, many from the 90s. The Quality of these far surpass any I have ever received in tubes as part of a Green Monster.

Let me have a peek. Oh, BTW, not one that has ever come in these cases has ever spotted. FWIW.

CaptHenway

The best thing they have going for them is that there are enough of them around for the promoters to bother with. The 1999-W 1/10th oz. and 1/4 oz. eagle errors are much scarcer, but nobody ever scored a quantity of them they could promote.
TD

Boom

I had a couple of both 1999-W $5 & $10 Gold Eagles at one time and sold them for nice premiums but I must say, I could sure kick myself for not holding onto them because Today they are worth considerably more than they were when I sold them.

Bad thing about speculating is that it is very much like rolling the dice. You just never know for sure what is or is not going to transpire.

ibzman350

So Boom, you didn't get any of the 08/07 ASE at mint prices, huh??

I bought my usual 2 and I hit the jackpot by getting 1.




Herb

BlindedByEgo

A fortuitous slipup at the mint, methinks

Boom

Hi Herb.
I got aboard late and went "O" fer.

I had to buy 2 & must make a decision to keep, sit & Hope

OR to sell NOW at going rates ........ again, HOPEFULLY

OR to submit them if I think I can get a high enuff #.

ricko

I have the '95-W ASE and the '99 $5 & $10 AGE's...... I just like them because they are uncommon and I got them (slabbed) at giveaway prices... Cheers, RickO

Tvac897

<< <i>The true value is never known on coins until the fanfare is gone. This takes a while as you know, Boom.

You've seen the rise and fall of Washingtons, as a whole. It's a fad, a craze, and a world of madness that is a joy to watch unfold. It's entertainment for the cost of paying an ISP. We just have to remain vigilant. Either get on board quick and take a dump or sit back and laugh. But there is serious money being made while we type/and or typecast. >>



-Agreed

leothelyon

Those who are spending the big dollar for these errors, is it possible that they have buyers deeep in the woods somewhere for this stuff? It just seems strange that if you're connected to the world by phone or through the internet, something would tell these folks that most of this stuff is not a financially sound investment. So this leads me to believe that there must be a few folks out there who are not connected, are getting ripped bigtime!
I can see it now, some old truck driving 75 miles raising the dust at 60mph into boonie land to tell Jedidiah about another rare mint error. "Yeah, get me 5 of them suckers, wil' ya!



Leo

pontiacinf

<< <i>Those who are spending the big dollar for these errors, is it possible that they have buyers deeep in the woods somewhere for this stuff? It just seems strange that if you're connected to the world by phone or through the internet, something would tell these folks that most of this stuff is not a financially sound investment. So this leads me to believe that there must be a few folks out there who are not connected, are getting ripped bigtime!
I can see it now, some old truck driving 75 miles raising the dust at 60mph into boonie land to tell Jedidiah about another rare mint error. "Yeah, get me 5 of them suckers, wil' ya!



Leo >>



now thats funny


Hey Boom I forgot to tell you, great job on the sale of your washingtons. That was truley a killer set If I ever saw one.

JrGMan2004

nvm