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John Adams Missing lettering smooth edge error get yours while you still can

I'm a big fan of these and therefore a little biased, but if you have been debating whether or not to get one let me give you some facts. First, estimated mintage is around 7,000 to 8,000 and when compared to other recent major mint errors this is extremely small. THe Washington Smooth edge is estimated to be 150,000 plus, the wisconsin leafs 40,000 plus, and the adam's double edges 40,000 plus. Better yet, compare this coin to the 55 double die with 24,000 estimated, the 37 legged buffalo with 20,000 estimated and you have something special here. PCGS and NGC have graded a combined total of about 4,000 and I've closely watched the number graded in the last year and the total number graded increases about 4 or 5 per week and this number has been steadily decreasing each month. This is the one error coin that is actually going up on ebay in recent months as opposed to going down like alot of mint errors from the turn in the economy. A ngc 65 just sold for $700 and most sellers are asking high prices for these coins realizing their scarcity and not willing to take less than a good price. Finally, unlike the washington smooth edges and the wisconsin leafs which always has sellers selling hoards of them on ebay, there appears to be no sellers on ebay for the adam's smooth edges that are selling quantities which is a good thing for long term price appreciation. I live in Michigan where these were found and attend all coin shows and i can tell you finders of the double edges who found hundreds or thousands of double edges hardly found any adam's smooth edges, so I personally know how scarce these are. I have a few of these stashed away and I honestly believe this coin will see significant price appreciation in the coming years with limited supply, no new edge errors coming out of the mint anymore since the jefferson smooth edge, and the Mint changing the edge format starting next month.

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    OPAOPA Posts: 17,104 ✭✭✭✭✭
    Thanks for the info ...
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    Where did you get your estimated populations from? I am not asking to pick at you. I am working on text about moderns and I want to include Persidential dollars and need reliable data for my mintage and estimated mintage tables.



    Thanks

    Eric
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    OverdateOverdate Posts: 6,941 ✭✭✭✭✭
    Any estimate on the number of Jefferson smooth edges? I had heard that they may be scarcer than the Adams smooth edge. If the Adams is the "second key" instead of the top key of the smooth edges, wouldn't this affect its price going forward?

    My Adolph A. Weinman signature :)

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    19Lyds19Lyds Posts: 26,475 ✭✭✭✭


    << <i>Any estimate on the number of Jefferson smooth edges? I had heard that they may be scarcer than the Adams smooth edge. If the Adams is the "second key" instead of the top key of the smooth edges, wouldn't this affect its price going forward? >>



    The Jefferson Smooth Edge is probably THE MOST OVERRATED, over SPECULATED, and OVER PRICED coin in the world!

    PCGS has certified 1,293 of these coins ranging in grade from MS64 at $2,450.00 each to MS68 at $7,000.00 each.

    image

    From the initial posting of 884 coins being graded, these were virtually impossible to find until some company started selling them as "investment" coin at rediculous prices. (The entire Jefferson Dollar set record breaking prices which resulted in some big time losses but thats a different story) Those folks that bought into these are in for some long term disappointments IMO because the populations continue to rise on these. (Over 400 coins since April of this year alone)

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    I expect that as more boxes of Jeffersons come to light that more and more of these will be "discovered" and sold at astronomical prices until the general population figures out that there are a ton of these floating around!

    No coin that has 663 graded by PCGS in MS66 should ever expect to sustain a price of $4,000.00. These coins do not trade on the open market with much frequency which is what contributes to their mistique but the sad reality is that the folks that paid upwards of 4, 5, and 6 thousand dollars will live to regret it.

    Thomas Jefferson Presidential Dollar Mintage = 203,610,000

    Thats a lot of coins.

    And yes, the Jefferson MEL coins is a sore subject with me since the methods used to promote and sell these smells strongly of "promotional creativity" similar to the World Reserve Ballistic Roll. Do any web search on World Reserve Ballistic Roll to "learn" how effective marketing "technique's" can separate your money from your wallet!

    A single 50 coin roll of "never circulated" Monroe coins will only cost you:
    image

    BTW, I'm not trying to Hijack this thread as the OP may be right but my experience has been that until a good portion of the Presidential dollars are actually looked at, any numbers representing populations or mintages are pure speculation which may or may not pan out in the long run.
    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!
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    ManorcourtmanManorcourtman Posts: 7,903 ✭✭✭✭
    They are tough coins but have come down in price. There's one on eBay currently for $459(NGC 65). I acquired 20 of these when they were first discovered in Michigan and had NGC grade/authenticate them. They sold for around $650-750 on eBay and have languished since. A neat error but not that many people collect 'em. I am surprised they are still selling for $450. I paid $500 each raw back then. Glad I got out when I did. A neat error nonetheless.
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    << <i>I honestly believe this coin will see significant price appreciation in the coming years with limited supply, no new edge errors coming out of the mint anymore since the jefferson smooth edge, and the Mint changing the edge format starting next month. >>

    The last time I heard that "no new edge errors" would be made was after the Mint got bad publicity after the Washingtons were issued. If the Mint continues producing edge-lettered coins, there will always be the possibility of errors, will there not?
    Good deals with: goldman86 mkman123 Wingsrule wondercoin segoja Tccuga OKCC LindeDad and others.

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    Happy New Year packers88, your analysis is thought provoking !! Two comments when you start comparing the JA Missing letter dollar to the Wisconsin Extra Leaf varieties:
    Very Important: As you stated, the JA Dollars were found in MICHIGAN.. That IS KEN POTTER's Backyard. Conveinent for HIS PROMOTION !! And don't think that he and his cronies aren't self-serving !!!!! CONECA with the great exception of Rick Snow and Chris Pilliod basicly did a "show me the proof" posture for the WI Quarters.
    WI Quarters mintage of 40,000. Highs are Highs and Lows are Lows. Two separate coins. Now, Four years of TPG submissions PCGS/NGC) Lows total 9315 and Highs total 6854. Several by now are cross-overs and resubmits counted multiple times. Almost 3 times as long as your JA Dollars have been accounted for by TPG and Ebay.
    Ebay was a gold mine for the WI Quarter sellers from the get-go. The Ebay market was contrived and manipulated by a small group of entrepreneurs that took coin prices to unrealistic and damaging lofty levels. Once those folks had pretty well cashed out, there was little price support and the prices have come down drasticly. People have "dumped" what seems like endless supplies of these low mintage coins on Ebay over a short period of time. I am no expert, but all of this as of the age of Ebay is not unexpected. I live in the SA - Austin, TX area and I can tell you that these coins are not being found in change much anymore. IMHO, the mintage of the separate Low Leaf is some where about 15,000-20,000 and high about 10,000-15,000. So let's not treat each coin's mintage as one total please.
    The Non Ebay WI Quarter market has been uphill ever since Bob Ford announced to the world through Rob Weiss in 12/04. Potter and many of his cronies turned up their noses to these rare and unusual coins. No modern "error" coin s/be promoted to these price levels. Potter said I beleive that they were $10 coins at best and the result of a die gouge on the coin press. Now, the WI market has come pretty much full circle. It is in the Redbook, Greysheet, coin price guides, TGP Registry sets and auctions. John Doe can buy a circulated example off Ebay at a very reasonable, uninflated price and add it to his collection. IMHO, don't count the WI Quarters out. They are now seasoned and will be appreciated for what they really are in the future.
    Fellow members... if my lenghtly reply is too lenghtly for your enjoyment of this New Year Day, then simply don't bother to read it. Thanks.
    Specialized Investments
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    Steve27Steve27 Posts: 13,274 ✭✭✭
    I would look for the price on these to continue falling due to the economy; modern coinage in general has taken the biggest price hit and this trend will not end soon.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
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    HIGHLOWLEAF, obviously by your used id you are a big leaf fan just like I'm a big presidential dollar error fan. I totally agree that grouping the high and lows together is inappropriate because many collecting these will in all liklihood want both. Not everyone will want both, but my gut tells at least half. IF we assume that half would want both this makes this coin that much more appealing on a scarcity level and yes you can't say there are 150,000 washington smoothies out there and legitimately say there are 35,000 leafs out there so the leafs are almost 4 times as scarce. You do need to readjust this 35,000 figure down to 25,000 to 30,000 because collectors only need to buy one washington smoothie, whereas half of the collectors would probably have to buy 2 leafs (a high and a low), so it is more appropriate to say the wisconsin leafs are more like 5 to 6 times as rare as the washington smoothies. I use the same logic with the adam's double lettering, there are estimated to be about 40,000 of those out there, but again there are about 20,000 inverted and 20,000 overlapped and when you compare this figure to the 150,000 washington smooth edges you need to readust this 40,000 figure and again assume half the collectors will want both, so if you are comparing the adams double to the washington smoothie I would say the adam's double lettering are about 5 times as scarce since again a collector only needs one washington smoothie, but half the collectors will need 2 of the adam's double lettering, so this 40,000 figure needs to be re-adjusted by 25% downward if you are trying to compare the adam's double lettering to the washington smoothies based on rarity. It amazes me that there is an estimated 20,000 of the inverted and the overlapped and 150k wash smoothies and yet the adam's doubles don't sell for much more than the wash smoothies. You would think they would sell for 2 or 3 times as much, but the adam's doubles never received the national media that the washingon smoothies did. This is the primary reason why I'm buying adam's doubles over the washington smoothies, but I'm still mostly going for the adam's smoothies.

    As for people claiming die chip and ridiculous values for the leafs, I won't name names, but who have what's called the jealously factor. Reports of collectors, treasure hunters, and entreprenuers finding jackpot hoards in arizona creates jealousy as they reap tens of thousands if not hundreds of thousands of dollars worth of loot from just opening rolls with zero risk. We had it here in MIchigan where dealers and coin shops missed the boat and naturally you have jealous people trying to put the coin down because joe the collector finds 1000 double edges and john the dealer finds nothing. Yes, many dealers and collectors are happy for everyone else, but you also have a breed that were late the game and found nothing and naturally many become jealous and want to put the coin down. Here is my opinion, on the leafs, hands down 99.9% sure it was an intentional act at the MInt. The die chip theory may have had some credibilitiy if only one leaf had shown up, but the fact that 2 leafs so prominently placed showed up in such of a ideal and picture perfect matter, would logically tell any person with an average iq level that this had to be an intentional act. IF it were a die chip, how in the heck do two die chips make it on a coin in such of a picture perfect matter. IF there was a leaf coming out of the cow's nose or in the middle of the field then yes i would buy into the die chip theory. This coin is undoubtedly severely undervalued in my opinion and i do have more than my fair share stashed away, but since i only have so much to spend I havn't accumulated anymore in over a year, but again a US coin to come out of the MInt that was a deliberate act and only 20,000 and 15,000 (using your numbers) estimated to be out there from the popular state quarter series and available on ebay for around $100 in unc and even less for circ doesn't add up with me. These prices would seem to be more inline with what this coin would sell for if the Mint said we 100% know it was a die chip and collectors would say I'm willing to fork over $100 for a die chip coin that fits so prominently into the stalk. Here is analogy just think if the mInt said we are going to make 15,000 hawaii quarters and 20,000 alaska quarters and radomly release them in mint bags. How much would a quarter with a mintage this low sell for this low mintage? Probably $500 and up and in essence the MInt did release a state quarter with a mintage 15,000 and 20,000 and although this was unofficially done it is irrelevant since this did come from the US Mint and the fact that it was unofficially done gives this coin a nice story behind it which is what is needed for any famous error. Whether the est mintage is 35,000, 40,000, or 50,000 I don't think collectors care one way or another, it is not like some are claiming 10,000 and others 100,000, but it appears everyone seems to be in the same ballpark.

    The leafs are great errors and at this point all we can hope for is that maybe the culprit will confess on his death bed one day wanting to have his name go down in history of coin collecting.

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    CERTIFIEDGOLDCOINS, thanks for raising your hand (lol) I will now answer your question. Many don't know the true reason behind the presidential errors, but let me educate the class. The Mint didn't have the manufacturing process for these coins streamlined when they began production, bins needed to be shipped from one area of production to another for the edge inscription process. Imagine bins of coins on the Mint floor laying all around waiting for transportation to a different part of the Mint for edge inscription and then taken to another place for bagging, pretty confusing and chaotic. Well this inefficiency created possibilities for human error and this is exactly what happened. I remember reading in coinworld that the Mint had stated about half way through the production of the jefferson dollars they had fully integrated their production process and the edge inscription process was now fully integrated into the production process. Sure enough the last time we saw a presidential error was the jefferson smoothies which ironically was the same time the mint had fully integrated their edge inscription process.

    Errors in recent years have been non-existent at the Mint as technology has improved dramatically. I'm talking errors on a large scale and not a coin struck on another planchet or a clipped coin. What, 1955 was the last the time and it took more than 50 years to get another error on a significant scale. My point is, although the possibility exists of another large batch of smooth edges or double edges to escape the Mint don't expect it. I was apprehensive of initially going too much in with the adam's doubles and smoothies thinking what happens if there is a batch of double and smooth edges for each president, won't this create saturation and thus drive prices down? Well 5 presidents have come and gone since jefferson and no more errors, and again with the production process now fully integrated and the Mint's superb quality control track record in recent years, I'm confident we have seen the last of presidential errors and as we go through the series and collectors and investors begin to see that errors aren't going to pop up with each president I think this will only help push up prices.
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    Steve27, I havn't closely been following the wisconsin leafs or the washington smooties on ebay since I havn't been accumulating them in over a year, but i can speak for the adam's double and smoothies and right about the time the dow tanked from 12,000 to 8,000 these coins also dropped. For about a month period prices were all over the place and I did notice an increase in supply on ebay that would almost simultaneously coincide with the stock market tanking each day, everytime the market tanked you would see supply increase and prices drop as panic sellers ran for the exits. I believe prices were down about 25% for the double and smooth edges just like the stock market was off about that much. Once the market stabalized, prices stabalized and it now seems that prices for the adams errors are back to the same levels where they were before the market tanked even though the stock market didn't come back yet. I bought a couple of adams smooth edges earlier this summer for around $450 and recent prices have been right around this range and maybe even slightly higher. The double edges have been all over the place and getting a fair market price on these has been difficult, but recently sales for 64 and 65 have been over $100 and this is actually better than where prices were prior to the stock market collapsing. I havn't been following non-error coins much so I have no idea how they are holding up relative to the presidential errors during this economic downturn.
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    19llyds, the jefferson smooth edges have been a big mystery and I do look for them every few weeks on ebay and they rarely show up. With no market to determine prices I won't buy into these until there is more direction here. I definintely want one from a collectible standpoint to help fill my collection, but as for investing in these I wouldn't no a good price from a bad one. I havn't seen any promotions on these so i can't comment there.

    Ericj96, I have to run, but i'll be back tonight to try and answer some of your questions.
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    << <i>1955 was the last the time and it took more than 50 years to get another error on a significant scale. My point is, although the possibility exists of another large batch of smooth edges or double edges to escape the Mint don't expect it. ... I'm confident we have seen the last of presidential errors and as we go through the series and collectors and investors begin to see that errors aren't going to pop up with each president I think this will only help push up prices. >>

    I saw this as an opportunity (similar to the 1955 DDO) and bought two rolls of Washingtons (still stuck with them). When the Mint goofed again with Adams, I lost interest in any Prez errors. I hope your faith in the US Mint is well-founded; time will tell.
    Good deals with: goldman86 mkman123 Wingsrule wondercoin segoja Tccuga OKCC LindeDad and others.

    my early American coins & currency: -- http://yankeedoodlecoins.com/
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    OverdateOverdate Posts: 6,941 ✭✭✭✭✭
    >>What, 1955 was the last the time and it took more than 50 years to get another error on a significant scale.<<

    Two are more recent:

    1972 doubled die obverse cent
    1995 doubled die obverse cent

    My Adolph A. Weinman signature :)

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    19Lyds19Lyds Posts: 26,475 ✭✭✭✭
    Investing and speculating on modern coinage, regardless or what you believe or how you justify it, can be a VERY risky venture. More so with Presidentail Dollars than ANY other issue primarily because these do not circulate and a very small percentage of the overall production amounts are ever seen by collectors.

    I would not put it beyond the realm of possibility that someone, somewhere finds a full $1,000 box or two of smoothie Adams coins. Once that occurs, prices will nosedive.

    The biggest difference between moderns and classics is that a very high portion of the classic coinage has been long gone through attrition and silver meltings whereas a very high portion of the presidential coins have never seen the light of day.
    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!
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    OVERDATE, good point, I was talking famous errors and I should have mentioned those also since, although they don't carry the prestige or the fame of the 55 they are still big errors, and missed the quality control at the Mint. Either way the point I was trying to make is major errors coming out of the Mint on a large scale occur many years apart and whether it is 5, 10, or 15, they are indeed isolated incidents. There was a legit reason for the presidential errors and that was the Mint still integrating their production line and when they completed this the errors stopped. I guess my point was the possibility still exists for more errors, but when you look at their track record it is highly unlikely we will see anymore and I don't mean 5 or 10 smooth edges here and there, but thousands.
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    19lyds, yes the possibility exists just like a collector at a local show about 8 months ago was going around showing everyone a picture of his new found discovery which was a 1969-s double die penny. He found it a few days earlier in a roll he bought from a local dealer. The whole roll could have been all double dies and all of a sudden the 1969-s double die would be worth less if this guy decided to dump them all on the market. This was 40 years later that he discovered this valuable error in a roll, so the possibility always exist for more coins to show up.

    As for the Adam's smooth edges that is not a big concern of mine and here's why. First, these were found in my own backyard and for about 2 months after they were found I attended many weekly shows and bs'd with finders of these coins. One of the largest if not thee largest finders of these coins found about 4000 doubles and only about 150 smooth edges and this high ratio of smooth edges to doubles was experienced by everyone else. The consensus seemed to be about 1 to 2 smooth edges per roll when you were lucky enough to find a hot box with smooth edges in them. Now even if a couple of boxes are still laying around with adam's smooth edges you would only expect about 50 or 60 to be in that box. It would take about 15 to 20 unopened boxes to get another 1000 into the total mintage. Is it possible unopened boxes still exist with smooth edges? Absolutley, anytihng is possible, but here is what I know. First, at the end of the treasure hunt or about 6 weeks after the release date about 90% of the banks only had D rolls and they were all out of P rolls. Obviously, the armor car companies were bringing in D rolls because they were out of P rolls and here in Michigan all we normally get is P rolls for any denomination, the fact that they had to bring in D rolls tells me that the regional federal reserve branch was all out of P's and had to bring in D's or in other words the batch that the errors were in had also been depleted.

    These adam's errors were undoubtedly isolated to a single batch since they were only found in an isolated area and at isolated banks. I vision a bin with 40,000 double edges in them allong with 8,000 smooth edges and this bin obviously only went to the metro detroit area. Now if these had shown up all over the country and these errors were periodically missing the edge inscription process and going through the process twice then I would be more cautious on more errors coming out, but since the evidence points to a single bin and the fact that this single bin went to detroit only coupled with the fact that every bank and its brother was probably calling the armored car company or the distributor to get more boxes from this batch tells me everything has made its way into circulation. Furthermore, is anyone really sitting on an unopened box of adam's rolls in detroit that is a collector and waiting to open these one day with their grandkids, but in the mean time they are wondering if there are 150 double edges or 50 smooth edges in that box? Possible, yes, but highly unlikely, I believe there are grandparents or others who bought rolls for grandkids or others who are sitting on error rolls here and there, but nothing significant.

    I personally did go out and search for these in late 2007 just to see if any were still out there. I called every bank and credit union in metro detroit and although some still had adams rolls they were either D rolls or non-error rolls. Is it still possible that a bank has a few error rolls in the vault that they are unaware of, yes anything is possible. Saturation is always a concern just like that is my biggest concern about buying a jefferson smooth edge. I fork over a few thousand and 3 months later another 300 show up in the pcgs reports. YOur point about older stuff being melted down is a valid one and older coins are therefore less susceptible to having more valuable ones show up, but with the adam's the evidence points to a single batch and I can't see how 80% of this batch made it to the open market and the rest didn't. Furthermore, if these had been found where there were 500 or 600 in a single box and only 10 or 15 boxes were found then this would really be a concern of mine that more might show up and saturate the market. All evidence points to 50 to 60 per box and even if one did assume that there are still 20 boxes out there with adam's smooth edges this might bring the est mintage up 1000 from 8000 to 9000, either way still a relatively small number for the coin collecting world. I also frequently watch ebay for these adam's smooth edges and I only saw 2 sellers unload significant quantities in the last year and I emailed both sellers a while back to see if they wanted to sell anymore and both had no more. One seller dumped over 100 in about a two month period (madog something was his user id) and this did drive prices down for a little bit, but they have since recovered. I believe there are still finders here and there sitting on a handul or more of these, but everyone I talked to who found these smooth edges couldn't resist dumping them for around $500 each when they first discovered these. Prices have held up really well and I would assume that anyone who was in these for the quick buck would have sold out buy now since prices have held up very well and there has been ample time to dump these coins in the hundreds for what they only paid $1 for. It will be interesting to see where the pcgs and ngc pop reports are for this coin next year and for obvious reasons we should have better idea what is really out there as each year goes by.
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    HIGHLOWLEAVESHIGHLOWLEAVES Posts: 781 ✭✭✭
    packers88, Mark here. I have read your messages here on the Forum and realize that you have a similar passion for the John Adams plain edge dollars as I have for the WI Extra Leaf quarters. I would enjoy talking to you anytime to share any info. that I have that might help you. Have a Happy New Year. You can PM me.
    Specialized Investments
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    TwoSides2aCoinTwoSides2aCoin Posts: 43,863 ✭✭✭✭✭
    Initial finds are the best for business, but sometimes the worst in the short term for the hobby, as newbies pay too much only to find out in a year or two that their hard earned money got dumped into a well designed hype machine and they dump the stupid thought of collecting. Some find the joy of collecting. Others approach it as an investment tool, while some are strictly business. To each their own.

    So, it is with caution that I acquire any coin. The new presidentials will be the same as the statehood quarters. Errors and anomalies always are a driving force in people trying to get rich quick. Just be cautious and do not OVERPAY for your collectibles if they are modern issues. It won't leave you any discretionary income for the classics, where we all eventually find ourselves. That's my advice to anyone.
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    << <i>I'm a big fan of these and therefore a little biased, but if you have been debating whether or not to get one let me give you some facts. First, estimated mintage is around 7,000 to 8,000 and when compared to other recent major mint errors this is extremely small. THe Washington Smooth edge is estimated to be 150,000 plus, the wisconsin leafs 40,000 plus, and the adam's double edges 40,000 plus. Better yet, compare this coin to the 55 double die with 24,000 estimated, the 37 legged buffalo with 20,000 estimated and you have something special here. PCGS and NGC have graded a combined total of about 4,000 and I've closely watched the number graded in the last year and the total number graded increases about 4 or 5 per week and this number has been steadily decreasing each month. This is the one error coin that is actually going up on ebay in recent months as opposed to going down like alot of mint errors from the turn in the economy. A ngc 65 just sold for $700 and most sellers are asking high prices for these coins realizing their scarcity and not willing to take less than a good price. Finally, unlike the washington smooth edges and the wisconsin leafs which always has sellers selling hoards of them on ebay, there appears to be no sellers on ebay for the adam's smooth edges that are selling quantities which is a good thing for long term price appreciation. I live in Michigan where these were found and attend all coin shows and i can tell you finders of the double edges who found hundreds or thousands of double edges hardly found any adam's smooth edges, so I personally know how scarce these are. I have a few of these stashed away and I honestly believe this coin will see significant price appreciation in the coming years with limited supply, no new edge errors coming out of the mint anymore since the jefferson smooth edge, and the Mint changing the edge format starting next month. >>



    YOU DA MAN PACKERS88!!!!!!!

    Excellent post.

    I am holding onto my sooth edge washington for certain but in all honesty, I just cant find it in my interest to pull the trigger on other smooth edge coins.

    I just like the idea of having the pres buck that started the storm as it were.

    I do hope that the 2010 Red Book has a tad more info on populations and would also like it if they would give this an attribute in their error section.

    Oh well.

    Anybody know if this is going to happen??

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    HIGHLOWLEAFS, I will definitely pm or email you next week when I have more free time.
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    Whitby, thanks for the compliment. Personal opinion only, but I think any coin collector needs a smooth edge and here's why. How many coins in US MINT history are missing the date? None that I know of besides the 3 smooth edge presidential dollars. In my opinion, it is so fascinating to own one of the few coins in US Mint history that was never dated or has the "in god we trust" that is so important to be on all US currency. IF I wasn't a coin collector and someone showed me a smooth edge washington and asked me what year is this coin, I would think it is a coin from the 1792 to 1796 because that is the only date on the coin which were the years washington was president. I've showed this coin off so much to non-coin collectors and one person who never collected coins wanted one and he actually bought one on ebay. I always tell people this is one of the few coins in the history of the US Mint to not have a date on it as a result of an error at the Mint. I showed it off this past Christmas to family and it was kind of funny, someone asked me what it was worth and I kind of played it like it was very valuable and just said I really don't know, but then I told her a few hours later about $50 or $60. Show yours off and it definitely makes a nice conversation piece.

    If you are just a collector then a Washington Smooth Edge is perfectly fine, regardless of mintage I see this coin having little downside risk and nice upside potential. From an investment standpoint, I would rather be in Adam's smooth edges just because I think if prices go up there are few if any hoarders that would be there to dump alot on the market and again I like the idea of an error coin having an est mintage of around 8,000 when compared to other famous errors like the 37 legged and 55 dd that are est to be around 20,000 and 24,000.
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    OverdateOverdate Posts: 6,941 ✭✭✭✭✭

    My Adolph A. Weinman signature :)

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    Whoa! This is a Great thread!

    Don't do this at home folks, these are professional!

    More! Please! More!

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    19Lyds19Lyds Posts: 26,475 ✭✭✭✭
    This is sure taking on the tone of this one!

    Get em while you can since its estimated there's only 7 or 8 thousand.
    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!
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    19Lyds19Lyds Posts: 26,475 ✭✭✭✭


    << <i>Looks like you can add Monroe dollar to the list. >>



    Whoops! And Satin Finish at that.....................
    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!

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