<< <i>Better keep moving up those dates as the 1938 Boones and Arkansas coins also have sub-2,105 mintages.
Also, Mike in FLA hit the nail on the head with his comment on not overstating the 08-W $50. It is a good coin with a mintage now lower than the 06-W $50. But, for those of you who forget... the US Mint took about 3-4 mintage adjustments (in all directions) to accurately determine the mintage of the 2005 Proof platinum coins. At various points in time in 2006, the mintage figures on the 2005 proofs were beneath 2004 proofs (and prices ran on the 05 plats on the bad information). But, that all changed within the following year when the mint, once again, changed 05 proof plat mintages to reflect higher mintages than the 04 proof coins. While it is entirely possible that the 08-W $50 could remain a lower mintage coin than the 06-W $50 and other burnished coins, IMHO, it would not be outside the realm of reason to consider that we could see at least one more mintage adjustment before "all the dust settles".
Wondercoin >>
One thing to note on those 1938 Boones and Arkansas.............they sell for 100-400X issue price!!!!! 10-40X base metal price..........
As far as further adjustments on mintages I wouldn't count on any further changes.
Those adjustments on 2005 proof mintages you referred to were numbers released before final year end audit. I was the one who first reported the FINAL AUDITED mintages.
The numbers Eric has reported for 2008 are I believe FINAL AUDITED mintages.
"One thing to note on those 1938 Boones and Arkansas.............they sell for 100-400X issue price!!!!! 10-40X base metal price..........
As far as further adjustments on mintages I wouldn't count on any further changes.
Those adjustments on 2005 proof mintages you referred to were numbers released before final year end audit. I was the one who first reported the FINAL AUDITED mintages.
The numbers Eric has reported for 2008 are I believe FINAL AUDITED mintages."
2many coins - If a person simply put his $1 he paid for the 50 cent commem back in the 1930's into an savings account where his interest grew at a decent rate of return, if my math is right, that $1 is worth $400-$500 today (more than the Commems)! But, that is another story.
We'll see on the mintages if there are no more adjustments as you suggest will be the case.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<< <i>2many coins - If a person simply put his $1 he paid for the 50 cent commem back in the 1930's into an savings account where his interest grew at a decent rate of return, if my math is right, that $1 is worth $400-$500 today (more than the Commems)! But, that is another story.
We'll see on the mintages if there are no more adjustments as you suggest will be the case.
<< <i>2many coins - If a person simply put his $1 he paid for the 50 cent commem back in the 1930's into an savings account where his interest grew at a decent rate of return, if my math is right, that $1 is worth $400-$500 today (more than the Commems)! But, that is another story.
We'll see on the mintages if there are no more adjustments as you suggest will be the case.
Wondercoin >>
Mitch,
That's assuming you didn't lose the money when a lot of the banks went under in the Great Depression or last year
<< <i>Now if we can just find 2254 people who want one.............
I confess I ran to Ebay and picked up a couple when mintages were released. Just under $1000 each. Not too bad a premium when spot was $1450. >>
... and I must confess that I did as well ... there are just too many positive things going on for this one particuliar coin (in my humble opinion, of course)
.... and, I might add, for the 2008-W $50.00 platinum Eagle proof as well ......
We can argue over whether this is the lowest-mintage regular-issue coin ever issued by the United States since 1915 or 1939 (1939 does makes sense), but the bottom line is that it is the single lowest-mintage coin ever issued in my lifetime (50 years ... and getting older fast).
Like most attempts to corner a market it would get progressively harder(expensive) as you purchased more and more in open market.
Only real opporunity was in fall 2008 when the APEs were reintroduced.
A few million dollars spent/invested in the proof or unc. APEs in Nov. would have possibly given you a >50% holding of some numbers. (Assuming the mint let you buy that many and they did not make another run)
<< <i>Wouldn't it be possible to corner the market on these? That is assuming most are not in strong hands. >>
.... an expert whom many of us admire here once told me that the reason the Jackie Robinson $5.00 uncirculated coins were so expensive is because someone did just that ... successfully cornered the market on them years ago.
It would be interesting to see what would happen (price-wise) to the 2008-W $50.00 platinum uncirculated coin if someone tried to do that, considering that the 2008 platinum coin has a mintage of less then half that of the Jackie Robinson coin!
I must have missed something when I read over 4 pages of this topic. What is the source for this mintage figure of 2,253? My understanding has always been that 3,415 of these were minted/sold. Am I talking about the wrong coin?
<< <i>I must have missed something when I read over 4 pages of this topic. What is the source for this mintage figure of 2,253? My understanding has always been that 3,415 of these were minted/sold. Am I talking about the wrong coin? >>
Never mind, I saw the Mint official numbers.
Can't believe this, because I have one of these. The 3,415 figure was always in my brain, and so I knew it was one of the lower mintages, but 2,253 is miniscule. Fantastic!
I must have missed something when I read over 4 pages of this topic. What is the source for this mintage figure of 2,253? My understanding has always been that 3,415 of these were minted/sold. Am I talking about the wrong coin?
ericj96 reported the final audit numbers that just came out a few days ago in his thread on Modern Bullion & Commemoratives....
This means that the mintage numbers shouldn't be changing from here on.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>I must have missed something when I read over 4 pages of this topic. What is the source for this mintage figure of 2,253? My understanding has always been that 3,415 of these were minted/sold. Am I talking about the wrong coin? >>
Never mind, I saw the Mint official numbers.
Can't believe this, because I have one of these. The 3,415 figure was always in my brain, and so I knew it was one of the lower mintages, but 2,253 is miniscule. Fantastic! >>
Congratuations to you!
I could not believe the mintage figures either when I first saw them, but now reality has set in, which prompted me to launch this thread! All of the 2008-W platinum proofs also came in with much lower final mintages then the previous 2004 "kings" by roughly 25%.
<< <i>MikeinFLA - Is it your contention that when considering "type", one must include all (4) demoninations into the equation? In other words, are the $50 2008-W coins stand alone type coins, or would it be reasonable to consider all (4) denominations ($10, $25, $50, $100) within the single "type" coin mintage (just as P,D,S coins are considered within a year of type or all years within a type)?
Wondercoin >>
Actually I think it is up to each type collector define the different types themselves. For me, I consider one example of each denomination in my type set to be sufficient (just like I have only one example of a Statehood quarter and one half-dollar commem), but I can also understand if someone would only include one plat coin (or none or all) in their type set.
It's only when someone tries to misrepresent the most broad (and least used) definition of type in hyping a coin that I take issue.
Respectfully...Mike
Collector of Large Cents, US Type, and modern pocket change.
>>.... an expert whom many of us admire here once told me that the reason the Jackie Robinson $5.00 uncirculated coins were so expensive is because someone did just that ... successfully cornered the market on them years ago.<<
Is this what's going on currently with the 1996-W uncirculated Olympic Gold and the unc. 2000-W Library of Congress gold/platinum commems? Their prices have recently shown huge increases - the unc. Library of Congress is now about 40% higher in price than the unc. Jackie Robinson gold, even though it has a 40% higher mintage!
>>Forgive my ignorance: All there 2008 AND 2008-W's or ALL 2008's are 2008-W?<<
Standard-issue 2008 (no mint mark) bullion platinum eagles were produced in all four denominations. They all have the standard reverse used since the series' introduction in 1997. None of them are particularly scarce, and as far as I know they don't carry any price premium over other bullion dates.
Back for a moment to the Jackie Robinson: I have heard the rumor of a hoarder of this series but have not seen any substantiation of this - this coin, the unc., has always behaved as though it had wide dispersion, and I think this may be the key to its value in fact. Unfortunately the '08W buffs and '08 W plats are NOT yet dispersed so I would not yet get so excited about a number.
I still think for the same above reason that the '04W plat $50 proof would still remain "King" because of this availability factor as well. I don't see any evidence of hoarding of the '04W proofs either.
Make no mistake, I am glad that the '08Ws have low mintages and count myself fortunate to have gotten many of them, but they just are not yet "Kings" if that even matters. Maybe I don't like all this kingmaking business and am happy when a coin is a good one (especially if I have one!).
Love that Milled British (1830-1960) Well, just Love coins, period.
For very low-mintage coins, I think dispersion matters, but only up to a point. Perceived low mintage can drive prices of even widely hoarded coins up, at least for a time, as happened in the 1960s with 1950-D nickels, 1955 halves and 1960-PD small date cents. A more current example is the very recent price jump of various 2008-W gold and platinum coins following the release of mintage figures that were lower than first thought.
Comments
... time will tell
4) It is the lowest-mintage REGULAR ISSUE precious metal coin ever released by the United States since 1900 *
* I think you mean 1915 here?
OPPS ... 1915 (it is getting late here, ha ha) !
<< <i> Actually, now that I have my Red Book in front of me, ..... >>
Never use that thing !
I confess I ran to Ebay and picked up a couple when mintages were released.
Just under $1000 each.
Not too bad a premium when spot was $1450.
<< <i>Better keep moving up those dates as the 1938 Boones and Arkansas coins also have sub-2,105 mintages.
Also, Mike in FLA hit the nail on the head with his comment on not overstating the 08-W $50. It is a good coin with a mintage now lower than the 06-W $50. But, for those of you who forget... the US Mint took about 3-4 mintage adjustments (in all directions) to accurately determine the mintage of the 2005 Proof platinum coins. At various points in time in 2006, the mintage figures on the 2005 proofs were beneath 2004 proofs (and prices ran on the 05 plats on the bad information). But, that all changed within the following year when the mint, once again, changed 05 proof plat mintages to reflect higher mintages than the 04 proof coins. While it is entirely possible that the 08-W $50 could remain a lower mintage coin than the 06-W $50 and other burnished coins, IMHO, it would not be outside the realm of reason to consider that we could see at least one more mintage adjustment before "all the dust settles".
Wondercoin >>
One thing to note on those 1938 Boones and Arkansas.............they sell for 100-400X issue price!!!!!
10-40X base metal price..........
As far as further adjustments on mintages I wouldn't count on any further changes.
Those adjustments on 2005 proof mintages you referred to were numbers released before final year end audit.
I was the one who first reported the FINAL AUDITED mintages.
The numbers Eric has reported for 2008 are I believe FINAL AUDITED mintages.
"One thing to note on those 1938 Boones and Arkansas.............they sell for 100-400X issue price!!!!!
10-40X base metal price..........
As far as further adjustments on mintages I wouldn't count on any further changes.
Those adjustments on 2005 proof mintages you referred to were numbers released before final year end audit.
I was the one who first reported the FINAL AUDITED mintages.
The numbers Eric has reported for 2008 are I believe FINAL AUDITED mintages."
We'll see on the mintages if there are no more adjustments as you suggest will be the case.
Wondercoin
<< <i>2many coins - If a person simply put his $1 he paid for the 50 cent commem back in the 1930's into an savings account where his interest grew at a decent rate of return, if my math is right, that $1 is worth $400-$500 today (more than the Commems)! But, that is another story.
We'll see on the mintages if there are no more adjustments as you suggest will be the case.
Wondercoin >>
$1 compounded at 5% for 70 years is closer to $32
Wondercoin
<< <i>2many coins - If a person simply put his $1 he paid for the 50 cent commem back in the 1930's into an savings account where his interest grew at a decent rate of return, if my math is right, that $1 is worth $400-$500 today (more than the Commems)! But, that is another story.
We'll see on the mintages if there are no more adjustments as you suggest will be the case.
Wondercoin >>
Mitch,
That's assuming you didn't lose the money when a lot of the banks went under in the Great Depression or last year
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
" $1 compounded at 5% for 70 years is closer to $32 "
<< <i>Wonder if that means this coin would be harder to find than a 2009-D Business strike Jefferson Nickel (with a mintage in the millions)? >>
Didn't you get your mint set? They're considered business strikes, aren't they?
<< <i>Now if we can just find 2254 people who want one.............
I confess I ran to Ebay and picked up a couple when mintages were released.
Just under $1000 each.
Not too bad a premium when spot was $1450. >>
... and I must confess that I did as well ... there are just too many positive things going on for this one particuliar coin (in my humble opinion, of course)
.... and, I might add, for the 2008-W $50.00 platinum Eagle proof as well ......
We can argue over whether this is the lowest-mintage regular-issue coin ever issued by the United States since 1915 or 1939 (1939 does makes sense), but the bottom line is that it is the single lowest-mintage coin ever issued in my lifetime (50 years ... and getting older fast).
And that is good enough for me!
<< <i>
<< <i>Wonder if that means this coin would be harder to find than a 2009-D Business strike Jefferson Nickel (with a mintage in the millions)? >>
Didn't you get your mint set? They're considered business strikes, aren't they? >>
Don't the coins in the Mint Set have a satin finish? If so, they are not business strikes in my opinion.
Only real opporunity was in fall 2008 when the APEs were reintroduced.
A few million dollars spent/invested in the proof or unc. APEs in Nov. would have possibly given you a >50% holding of some numbers.
(Assuming the mint let you buy that many and they did not make another run)
<< <i>Wouldn't it be possible to corner the market on these? That is assuming most are not in strong hands. >>
.... an expert whom many of us admire here once told me that the reason the Jackie Robinson $5.00 uncirculated coins were so expensive is because someone did just that ... successfully cornered the market on them years ago.
It would be interesting to see what would happen (price-wise) to the 2008-W $50.00 platinum uncirculated coin if someone tried to do that, considering that the 2008 platinum coin has a mintage of less then half that of the Jackie Robinson coin!
I knew it would happen.
"coin"
Liberty: Parent of Science & Industry
<< <i>"regular issue"
"coin"
... back at ya
<< <i>I must have missed something when I read over 4 pages of this topic. What is the source for this mintage figure of 2,253? My understanding has always been that 3,415 of these were minted/sold. Am I talking about the wrong coin? >>
Never mind, I saw the Mint official numbers.
Can't believe this, because I have one of these. The 3,415 figure was always in my brain, and so I knew it was one of the lower mintages, but 2,253 is miniscule. Fantastic!
ericj96 reported the final audit numbers that just came out a few days ago in his thread on Modern Bullion & Commemoratives....
This means that the mintage numbers shouldn't be changing from here on.
I knew it would happen.
<< <i>
<< <i>I must have missed something when I read over 4 pages of this topic. What is the source for this mintage figure of 2,253? My understanding has always been that 3,415 of these were minted/sold. Am I talking about the wrong coin? >>
Never mind, I saw the Mint official numbers.
Can't believe this, because I have one of these. The 3,415 figure was always in my brain, and so I knew it was one of the lower mintages, but 2,253 is miniscule. Fantastic! >>
Congratuations to you!
I could not believe the mintage figures either when I first saw them, but now reality has set in, which prompted me to launch this thread! All of the 2008-W platinum proofs also came in with much lower final mintages then the previous 2004 "kings" by roughly 25%.
<< <i>MikeinFLA - Is it your contention that when considering "type", one must include all (4) demoninations into the equation? In other words, are the $50 2008-W coins stand alone type coins, or would it be reasonable to consider all (4) denominations ($10, $25, $50, $100) within the single "type" coin mintage (just as P,D,S coins are considered within a year of type or all years within a type)?
Wondercoin >>
Actually I think it is up to each type collector define the different types themselves. For me, I consider one example of each denomination in my type set to be sufficient (just like I have only one example of a Statehood quarter and one half-dollar commem), but I can also understand if someone would only include one plat coin (or none or all) in their type set.
It's only when someone tries to misrepresent the most broad (and least used) definition of type in hyping a coin that I take issue.
Respectfully...Mike
Is this what's going on currently with the 1996-W uncirculated Olympic Gold and the unc. 2000-W Library of Congress gold/platinum commems? Their prices have recently shown huge increases - the unc. Library of Congress is now about 40% higher in price than the unc. Jackie Robinson gold, even though it has a 40% higher mintage!
My Adolph A. Weinman signature
Standard-issue 2008 (no mint mark) bullion platinum eagles were produced in all four denominations. They all have the standard reverse used since the series' introduction in 1997. None of them are particularly scarce, and as far as I know they don't carry any price premium over other bullion dates.
My Adolph A. Weinman signature
I still think for the same above reason that the '04W plat $50 proof would still remain "King" because of this availability factor as well. I don't see any evidence of hoarding of the '04W proofs either.
Make no mistake, I am glad that the '08Ws have low mintages and count myself fortunate to have gotten many of them, but they just are not yet "Kings" if that even matters. Maybe I don't like all this kingmaking business and am happy when a coin is a good one (especially if I have one!).
Well, just Love coins, period.
My Adolph A. Weinman signature
