<< <i>Gotta be a long term investment, at this point; they're down to about $6 per coin retail
Once it's determined how many boxes were produced during that time frame, we can estimate the total number of 004's.
I'm guessing the quantity may be similar to the '95 Lincoln DDO's >>
I don't know what you mean $6 retail. Ebay is the true barometer for these 004.
All single coin 004 sold for $14-$24 this weekend on Ebay.
edit: I went back through the same bag and ended up with 30-WDDR-002 plus 21- WDDR-004. More than half the coins of the 100 coin bag are money coins. Look for 2-2 10:19ish time stamped boxes.
Congrats to Hammer1 for finding those, thats always cool to open up a box and be able to pull out that many.
My two boxes are Now showing they will deliver today will see...............
Did you buy the two boxes from ebay? I saw a seller who had 2 boxes and was selling them for 50 bucks but I did not pull the trigger and do not remember the time stamps but there gone now................Enjoy Edited PO showed up Both boxes are from the 2/2 but my time stamps are the 01:05:38 and 01:05:51 Bummer...........
I remember the Formative Year boxes had like a 3 week run of dates. Because they were a new design they sold tons of mint boxes. After seeing tommy's very late to arrive boxes, I'm not sure if there are dates other than 2-2. Be interesting to know. >>
Feb 2, 2015, is the only date available. Possible time stamps are the 1:00 hour, 10:00 hour, 9:00 hour, and I think I saw a 12:00 hour. NOTE: I received an email from a friend at NGC who indicated to me that they would be recognizing the variety very soon.
<< <i>NOTE: I received an email from a friend at NGC who indicated to me that they would be recognizing the variety very soon. >>
Wow. The 004- Pump Handle variety gets recognized and graded by NGC. The FY 006 Skeleton Finger has waited 6 years and still hasn't been accepted by the Big 2. I have a number of both. My guess is the 'pump handle' becomes more collectible, and more expensive than the Skeleton Finger.
Please keep us posted with the article link and dates. thanks...
NGC recognizing the 004s is obviously a pretty significant development. I expect PCGS will do the same shortly. Any guesses what a 67 or 68 pump handle could bring?
<< <i>NGC recognizing the 004s is obviously a pretty significant development. I expect PCGS will do the same shortly. Any guesses what a 67 or 68 pump handle could bring? >>
From Ken Potter, writer for Numismatic News: "doubling of Duke Ellington’s name and the piano keys variety, which has proven to be rare, sold in PCGS-66 on July 10, 2014, in a Heritage Auction for $3,055, including the buyer’s fees." He went on to say. "the top Homestead quarter doubled die is more comparable to the 2009-D District Of Columbia Doubled Die Reverse #1"
Therefore my guess is that if you moved up 2 grades to a 68, in one of the Big Two plastic, you might get about the same $3,000. jmo
Most recent single coin Ebay sale was like I said $17 + $2.64 shipping.
I was on the fence on these, but just purchased the above. Seems like a reasonable price. These seem to be drying up or the sellers are holding back now.
I'm sitting on some 006 Skeleton Fingers in MS67 slabs that I was hoping to crossover to the Big Two. After 6 years I'm going to give up on that idea.
I'm not sure but I don't think the top Ellington DDR got recognized this quickly by the Big Two.
I see only one box of the Pump Handle WDDR-004 on Ebay that is close to the good time of 10:19. Not my listing, and I won't provide a link. He's asking $275 OBO.
Have to agree with Papi "Gotta be pretty significant to have them recognized so quickly."
I can't wait to see these on the HSN or coinvault with a long history and story behind the rarity of the one of 2000 they have graded ms70 by NGC in their specialty label. Kris
. non-modern is enough of a roller coaster for me. if i get on board with the modern varieties, it will be the final nail in my intellectual/emotional casket.
I'm thinking of sending some 004 errors into Ngc but with variety attribution I believe it will cost $27 a coin. Not sure if pcgs is even grading these or what they will cost. Anyone know?
Its been two weeks since the Mint re-released about 100 boxes. They have been delivered for over a week. Yet I see the same sellers peddling old boxes that were for sale before the re-release. I don't see any new sellers of these boxes. I also don't see any new sellers of the individual WDDR-004 coins. Because of no new sellers, coupled with 1tommy saying he received no errors in his Saturday boxes, it looks like the new boxes aren't producing the 004 error.
<< <i>It probably has to do with the fact that I am located in atlanta, pretty close to the shipping center.I have a few more sealed boxes I would be glad to sell you if u would like to go through some yourself. All of them are dated 2/2 with a time stamp of between1:10 and 1:15. No need to spend $180 on ebay for them.
Also for any of you sleuths out there I have 3 boxes with time stamps within a 20 second time frame. If anyone knows the time frame in which these errors are being found, I guess we can come up with a guesstimate of how many were produced. I have heard the number 20,000 thrown around but that was from someone who was trying to sell them to me. I would think the number is much higher. Hope that helps someone. >>
Hello all, I joined the site tonight to put in my 25 cents worth. I'm one of the south Georgians that was referenced early on in this thread. I can shed some light on the subject. First of all, my partner and I did not flood the market with these coins. In fact we showed reserve in not selling many more during the $40-$60 run. We did however sell enough to turn a profit which was obviously the point from the beginning. Having paid a premium for soooooo many coins, it took a while to get there. The market simply paid what it felt these were worth. I believe that they are worth much more than current prices have and held off selling once they dropped below $25. With the exception of 15 coins, none were sold ON EBAY for under $25. 75% of mine were sold to dealers. Many of the coins currently for sale on Ebay were sold to them by me. We purchased a boatload of these in mint bags and I can tell you with absolute certainty the minute these started showing u and the minute they ended. The total run was 78 minutes. They Nebraska quarters were produced at a rate of 100/4 seconds. For each 100 produced there were 60 errors. Yes......60% were DDR 004, 002 and 019s. They were all produced in equal quantities. 20/100 coins were of each error. So, assuming that the mint ran at full capacity for the entire 78 minutes, and I have reason to believe that it DID NOT, there should be no more than 23,400 of each error. As far as some of these showing up in rolls? Well, I've never found one but can see how a few could have found their way into rolls. That may also explain the void in the times the bags were produced. Now let me say that I am a novice to coin collecting. I just happened to stumble onto these at just the right moment. LUCKY is all I was! If I can answer any questions or provide any more info, just let me know but I think I have covered pretty much all I know about the subject.
<< <i>It probably has to do with the fact that I am located in atlanta, pretty close to the shipping center.I have a few more sealed boxes I would be glad to sell you if u would like to go through some yourself. All of them are dated 2/2 with a time stamp of between1:10 and 1:15. No need to spend $180 on ebay for them.
Also for any of you sleuths out there I have 3 boxes with time stamps within a 20 second time frame. If anyone knows the time frame in which these errors are being found, I guess we can come up with a guesstimate of how many were produced. I have heard the number 20,000 thrown around but that was from someone who was trying to sell them to me. I would think the number is much higher. Hope that helps someone. >>
Hello all, I joined the site tonight to put in my 25 cents worth. I'm one of the south Georgians that was referenced early on in this thread. I can shed some light on the subject. First of all, my partner and I did not flood the market with these coins. In fact we showed reserve in not selling many more during the $40-$60 run. We did however sell enough to turn a profit which was obviously the point from the beginning. Having paid a premium for soooooo many coins, it took a while to get there. The market simply paid what it felt these were worth. I believe that they are worth much more than current prices have and held off selling once they dropped below $25. With the exception of 15 coins, none were sold ON EBAY for under $25. 75% of mine were sold to dealers. Many of the coins currently for sale on Ebay were sold to them by me. We purchased a boatload of these in mint bags and I can tell you with absolute certainty the minute these started showing u and the minute they ended. The total run was 78 minutes. They Nebraska quarters were produced at a rate of 100/4 seconds. For each 100 produced there were 60 errors. Yes......60% were DDR 004, 002 and 019s. They were all produced in equal quantities. 20/100 coins were of each error. So, assuming that the mint ran at full capacity for the entire 78 minutes, and I have reason to believe that it DID NOT, there should be no more than 23,400 of each error. As far as some of these showing up in rolls? Well, I've never found one but can see how a few could have found their way into rolls. That may also explain the void in the times the bags were produced. Now let me say that I am a novice to coin collecting. I just happened to stumble onto these at just the right moment. LUCKY is all I was! If I can answer any questions or provide any more info, just let me know but I think I have covered pretty much all I know about the subject. >>
<< <i>It probably has to do with the fact that I am located in atlanta, pretty close to the shipping center.I have a few more sealed boxes I would be glad to sell you if u would like to go through some yourself. All of them are dated 2/2 with a time stamp of between1:10 and 1:15. No need to spend $180 on ebay for them.
Also for any of you sleuths out there I have 3 boxes with time stamps within a 20 second time frame. If anyone knows the time frame in which these errors are being found, I guess we can come up with a guesstimate of how many were produced. I have heard the number 20,000 thrown around but that was from someone who was trying to sell them to me. I would think the number is much higher. Hope that helps someone. >>
Hello all, I joined the site tonight to put in my 25 cents worth. I'm one of the south Georgians that was referenced early on in this thread. I can shed some light on the subject. First of all, my partner and I did not flood the market with these coins. In fact we showed reserve in not selling many more during the $40-$60 run. We did however sell enough to turn a profit which was obviously the point from the beginning. Having paid a premium for soooooo many coins, it took a while to get there. The market simply paid what it felt these were worth. I believe that they are worth much more than current prices have and held off selling once they dropped below $25. With the exception of 15 coins, none were sold ON EBAY for under $25. 75% of mine were sold to dealers. Many of the coins currently for sale on Ebay were sold to them by me. We purchased a boatload of these in mint bags and I can tell you with absolute certainty the minute these started showing u and the minute they ended. The total run was 78 minutes. They Nebraska quarters were produced at a rate of 100/4 seconds. For each 100 produced there were 60 errors. Yes......60% were DDR 004, 002 and 019s. They were all produced in equal quantities. 20/100 coins were of each error. So, assuming that the mint ran at full capacity for the entire 78 minutes, and I have reason to believe that it DID NOT, there should be no more than 23,400 of each error. As far as some of these showing up in rolls? Well, I've never found one but can see how a few could have found their way into rolls. That may also explain the void in the times the bags were produced. Now let me say that I am a novice to coin collecting. I just happened to stumble onto these at just the right moment. LUCKY is all I was! If I can answer any questions or provide any more info, just let me know but I think I have covered pretty much all I know about the subject. >>
I'll help shed light, too. You probably did not buy the "right" rolls. The rolls that included the DDR-004 were the three-roll sets (PDS), but I do not know the date stamp on the boxes.
As for the re-release of 100-coin bags, those bags sold out super quick. Those bags were all bags that were returned to the mint from the first run. Once people realized that time stamp will not produce any DDRs, they sent them back. Then, those got redistributed in the re-release. This is my assumption and not a proven fact. But, that date and time stamp were available at the same time the correct time stamp boxes were available.
Also, it is not a guarantee for 20 of each. The bags I have seen ranged anywhere from 16 DDR004 to 30 DDR004. I've seen this first hand. I have done the math, too, and also assume there are probably no more than 25,000 of these produced in the 100-coin bags. But, we have not accounted for the rolls sets or single rolls. So, there could be more.
JCLIGHT There was a 2 minute window at both the beginning and end where the coins tapered up and down from the 20 average. One coin, then 3,8 12 and up to 20 where it then tailed off 74 minutes later. The 20 count is an average thru the "sweet spot" as they must have been spit into a bin and randomly stuffed into bags. I had an anomaly of 13 004's during the sweet spot and a high of 28. And yup, still unknown how many made it into rolls.
<< <i>JCLIGHT There was a 2 minute window at both the beginning and end where the coins tapered up and down from the 20 average. One coin, then 3,8 12 and up to 20 where it then tailed off 74 minutes later. The 20 count is an average thru the "sweet spot" as they must have been spit into a bin and randomly stuffed into bags. I had an anomaly of 13 004's during the sweet spot and a high of 28. And yup, still unknown how many made it into rolls. >>
SCOTTYC was the run time apprx. 9:30-10:30 AM?
I think anything later than 11:00 AM in the mint boxes are worthless. No 1:00 PM or later boxes are for sure no good for the 004. These bad dates are what's for sale on Ebay.
Hello all, I joined the site tonight to put in my 25 cents worth. I'm one of the south Georgians that was referenced early on in this thread. I can shed some light on the subject. First of all, my partner and I did not flood the market with these coins. In fact we showed reserve in not selling many more during the $40-$60 run. We did however sell enough to turn a profit which was obviously the point from the beginning. Having paid a premium for soooooo many coins, it took a while to get there. The market simply paid what it felt these were worth. I believe that they are worth much more than current prices have and held off selling once they dropped below $25. With the exception of 15 coins, none were sold ON EBAY for under $25. 75% of mine were sold to dealers. Many of the coins currently for sale on Ebay were sold to them by me. We purchased a boatload of these in mint bags and I can tell you with absolute certainty the minute these started showing u and the minute they ended. The total run was 78 minutes. They Nebraska quarters were produced at a rate of 100/4 seconds. For each 100 produced there were 60 errors. Yes......60% were DDR 004, 002 and 019s. They were all produced in equal quantities. 20/100 coins were of each error. So, assuming that the mint ran at full capacity for the entire 78 minutes, and I have reason to believe that it DID NOT, there should be no more than 23,400 of each error. As far as some of these showing up in rolls? Well, I've never found one but can see how a few could have found their way into rolls. That may also explain the void in the times the bags were produced. Now let me say that I am a novice to coin collecting. I just happened to stumble onto these at just the right moment. LUCKY is all I was! If I can answer any questions or provide any more info, just let me know but I think I have covered pretty much all I know about the subject. >>
Welcome aboard.
Some of these are interesting. It will also be interesting to see how close your estimates are. Iwould expect them to stabilize at a significantly higher price ($120 range) if you're right.
<< <i>JCLIGHT There was a 2 minute window at both the beginning and end where the coins tapered up and down from the 20 average. One coin, then 3,8 12 and up to 20 where it then tailed off 74 minutes later. The 20 count is an average thru the "sweet spot" as they must have been spit into a bin and randomly stuffed into bags. I had an anomaly of 13 004's during the sweet spot and a high of 28. And yup, still unknown how many made it into rolls. >>
SCOTTYC was the run time apprx. 9:30-10:30 AM?
I think anything later than 11:00 AM in the mint boxes are worthless. No 1:00 PM or later boxes are for sure no good for the 004. These bad dates are what's for sale on Ebay. >>
Well, I had 3 PMs, responded to one of them and the other 2 have vanished. I will just answer here. After sorting my coins I made a decision on how many to hold for the future and have nearly hit that number. The 9 on ebay are all that I'm selling until prices come back or until they get willed to my son. Which ever comes first. In fact........I'm actually considering rolling the money back in and buying more. That would certainly piss the wife off which is another good reason to buy some more. The only question is, have we hit the bottom yet?
<< <i>Coining Division. Coining Press. These are newer Schuler MRH 150 Coining Presses. The press and new sound enclosure represent a quantum leap in improved safety and ergonomics. Using 60 tons of pressure, this press can strike 750 quarters for circulation every minute. >>
Factor in the first errors produced only one error per box and gradually averaged 20 per box. Had to stop the press to change die which had failed, thus no production.
I'll go with SCOTTYC who actually had many boxes during this run, and did meticulous record keeping. How many boxes did you have during this run, Papi? That's what I thought. ZERO.
I think the production of the coin and the boxing of the coin are 2 seperate processes. The errors seem to have been found in boxes that were stamped as packaged within a given time frame ( 74 minutes as stated by ScottyC). I believe the coins are first put into bins if what I have seen on TV is right. That said, I am no expert in us mint coin production, so I could be 100% wrong.
I just got home from work and am very tired so maybe I'm missing the point. My calculations show a much faster machine pressing 100 coins/4 seconds or 1500/ minute which is 90k/hour. Of which 20% were 004's. So, 18,000 004's per hour. Roughly 23,400............hopefully no more.
I had run this scenario thru my head as well and it is very plausible. I would actually say probable. The length of time they were pressed is pretty irrelevant since the time on the boxes is what we have to work with. This would also explain how the boxes were produced at twice the rate of the machine referenced above.
SRRY............MEANT TO QUOTE GOLDMAN86s POST ABOVE.
Factor in the first errors produced only one error per box and gradually averaged 20 per box. Had to stop the press to change die which had failed, thus no production.
I'll go with SCOTTYC who actually had many boxes during this run, and did meticulous record keeping. How many boxes did you have during this run, Papi? That's what I thought. ZERO.
23,000 errors it is. >>
That's kind of harsh Hammer. I happen to have, as of yet, still unopened boxes from the time frame.
There are some aspects of the story that I find interesting. Why would a self proclaimed "novice" open boxes to look for errors; never mind keeping meticulous records?
Anyway, all I was doing was pointing out the output capability of the press. The error certainly could have been discovered and the die removed at any time during production. The assumption here is that 100% of these errors went into bags, which is not the case. They were distributed at the opening ceremony, where typically rolls may be purchased by attendees, and they were also dispensed in Washington DC through a vending machine. I'm not going to guess how many came from those two other sources that I know of.
Comments
Once it's determined how many boxes were produced during that time frame, we can estimate the total number of 004's.
I'm guessing the quantity may be similar to the '95 Lincoln DDO's
<< <i>Gotta be a long term investment, at this point; they're down to about $6 per coin retail
Once it's determined how many boxes were produced during that time frame, we can estimate the total number of 004's.
I'm guessing the quantity may be similar to the '95 Lincoln DDO's >>
I don't know what you mean $6 retail. Ebay is the true barometer for these 004.
All single coin 004 sold for $14-$24 this weekend on Ebay.
edit: I went back through the same bag and ended up with 30-WDDR-002 plus 21- WDDR-004. More than half the coins of the 100 coin bag are money coins. Look for 2-2 10:19ish time stamped boxes.
My two boxes are Now showing they will deliver today will see...............
Did you buy the two boxes from ebay? I saw a seller who had 2 boxes and was selling them for 50 bucks but I did not pull the trigger and do not remember the time stamps but there gone now................Enjoy
I used to be famous now I just collect coins.
Link to My Registry Set.
https://pcgs.com/setregistry/quarters/washington-quarters-specialty-sets/washington-quarters-complete-variety-set-circulation-strikes-1932-1964/publishedset/78469
Varieties Are The Spice Of LIFE and Thanks to Those who teach us what to search For.
I got my boxes directly from the Mint.
Hoard the keys.
<< <i>Time may be off but the day is right. >>
I remember the Formative Year boxes had like a 3 week run of dates. Because they were a new design they sold tons of mint boxes.
After seeing tommy's very late to arrive boxes, I'm not sure if there are dates other than 2-2. Be interesting to know.
<< <i>
<< <i>Time may be off but the day is right. >>
I remember the Formative Year boxes had like a 3 week run of dates. Because they were a new design they sold tons of mint boxes.
After seeing tommy's very late to arrive boxes, I'm not sure if there are dates other than 2-2. Be interesting to know. >>
Feb 2, 2015, is the only date available. Possible time stamps are the 1:00 hour, 10:00 hour, 9:00 hour, and I think I saw a 12:00 hour.
NOTE: I received an email from a friend at NGC who indicated to me that they would be recognizing the variety very soon.
<< <i>NOTE: I received an email from a friend at NGC who indicated to me that they would be recognizing the variety very soon. >>
Wow. The 004- Pump Handle variety gets recognized and graded by NGC. The FY 006 Skeleton Finger has waited 6 years and still hasn't been accepted by the Big 2. I have a number of both. My guess is the 'pump handle' becomes more collectible, and more expensive than the Skeleton Finger.
Please keep us posted with the article link and dates. thanks...
<< <i>NGC recognizing the 004s is obviously a pretty significant development. I expect PCGS will do the same shortly. Any guesses what a 67 or 68 pump handle could bring? >>
From Ken Potter, writer for Numismatic News: "doubling of Duke Ellington’s name and the piano keys variety, which has proven to be rare, sold in PCGS-66 on July 10, 2014, in a Heritage Auction for $3,055, including the buyer’s fees." He went on to say. "the top Homestead quarter doubled die is more comparable to the 2009-D District Of Columbia Doubled Die Reverse #1"
Therefore my guess is that if you moved up 2 grades to a 68, in one of the Big Two plastic, you might get about the same $3,000. jmo
<< <i>I don't know what you mean $6 retail. >>
Ok $7.50
20 Coins
http://www.ebay.com/itm/2015-P-HOMESTEAD-QUARTER-ERROR-DDR-004-BEST-OF-VARIETY-PUMP-REFLECTION-/121679500074?pt=LH_DefaultDomain_0&hash=item1c54a9d32a
Hoard the keys.
I was on the fence on these, but just purchased the above. Seems like a reasonable price. These seem to be drying up or the sellers are holding back now.
Box of 20
YaY!!!!!
2 in MS67
27 in MS66
13 in MS65
5 in MS54
1 in MS63
I'm not sure but I don't think the top Ellington DDR got recognized this quickly by the Big Two.
I see only one box of the Pump Handle WDDR-004 on Ebay that is close to the good time of 10:19. Not my listing, and I won't provide a link. He's asking $275 OBO.
Have to agree with Papi "Gotta be pretty significant to have them recognized so quickly."
Perhaps a big dealer promotion is coming. If a major dealer is sitting on a few thousand it might be why NGC recognized these so fast or maybe not.
Box of 20
I was a Monkey
I was a Monkey
bob
Hoard the keys.
<< <i>Anyone want to take a guess at what an NGC 66 is worth? Has anyone found any of these recently? Thanks >>
Last week a ICG MS- 65 sold for $250.
<< <i>Last week a ICG MS- 65 sold for $250. >>
An ICG MS64 also sold for $44
<< <i>I've got a few I need to send in but waiting to see if pcgs will recognize the variety first. >>
I've been waiting 6 years for PCGS to recognize the 2009 Skeleton Finger. I can't wait 6 years for this Homestead Pump Handle 004.
I'm sending my 004's in for slabbing tomorrow.
Good luck in your decision.
non-modern is enough of a roller coaster for me. if i get on board with the modern varieties, it will be the final nail in my intellectual/emotional casket.
i will continue to enjoy them, from a distance.
.
Not sure if pcgs is even grading these or what they will cost. Anyone know?
<< <i>It probably has to do with the fact that I am located in atlanta, pretty close to the shipping center.I have a few more sealed boxes I would be glad to sell you if u would like to go through some yourself. All of them are dated 2/2 with a time stamp of between1:10 and 1:15. No need to spend $180 on ebay for them.
Also for any of you sleuths out there I have 3 boxes with time stamps within a 20 second time frame. If anyone knows the time frame in which these errors are being found, I guess we can come up with a guesstimate of how many were produced. I have heard the number 20,000 thrown around but that was from someone who was trying to sell them to me. I would think the number is much higher. Hope that helps someone. >>
Hello all,
I joined the site tonight to put in my 25 cents worth. I'm one of the south Georgians that was referenced early on in this thread. I can shed some light on the subject. First of all, my partner and I did not flood the market with these coins. In fact we showed reserve in not selling many more during the $40-$60 run. We did however sell enough to turn a profit which was obviously the point from the beginning. Having paid a premium for soooooo many coins, it took a while to get there. The market simply paid what it felt these were worth. I believe that they are worth much more than current prices have and held off selling once they dropped below $25. With the exception of 15 coins, none were sold ON EBAY for under $25. 75% of mine were sold to dealers. Many of the coins currently for sale on Ebay were sold to them by me.
We purchased a boatload of these in mint bags and I can tell you with absolute certainty the minute these started showing u and the minute they ended. The total run was 78 minutes. They Nebraska quarters were produced at a rate of 100/4 seconds. For each 100 produced there were 60 errors. Yes......60% were DDR 004, 002 and 019s. They were all produced in equal quantities. 20/100 coins were of each error. So, assuming that the mint ran at full capacity for the entire 78 minutes, and I have reason to believe that it DID NOT, there should be no more than 23,400 of each error.
As far as some of these showing up in rolls? Well, I've never found one but can see how a few could have found their way into rolls. That may also explain the void in the times the bags were produced.
Now let me say that I am a novice to coin collecting. I just happened to stumble onto these at just the right moment. LUCKY is all I was! If I can answer any questions or provide any more info, just let me know but I think I have covered pretty much all I know about the subject.
<< <i>
<< <i>It probably has to do with the fact that I am located in atlanta, pretty close to the shipping center.I have a few more sealed boxes I would be glad to sell you if u would like to go through some yourself. All of them are dated 2/2 with a time stamp of between1:10 and 1:15. No need to spend $180 on ebay for them.
Also for any of you sleuths out there I have 3 boxes with time stamps within a 20 second time frame. If anyone knows the time frame in which these errors are being found, I guess we can come up with a guesstimate of how many were produced. I have heard the number 20,000 thrown around but that was from someone who was trying to sell them to me. I would think the number is much higher. Hope that helps someone. >>
Hello all,
I joined the site tonight to put in my 25 cents worth. I'm one of the south Georgians that was referenced early on in this thread. I can shed some light on the subject. First of all, my partner and I did not flood the market with these coins. In fact we showed reserve in not selling many more during the $40-$60 run. We did however sell enough to turn a profit which was obviously the point from the beginning. Having paid a premium for soooooo many coins, it took a while to get there. The market simply paid what it felt these were worth. I believe that they are worth much more than current prices have and held off selling once they dropped below $25. With the exception of 15 coins, none were sold ON EBAY for under $25. 75% of mine were sold to dealers. Many of the coins currently for sale on Ebay were sold to them by me.
We purchased a boatload of these in mint bags and I can tell you with absolute certainty the minute these started showing u and the minute they ended. The total run was 78 minutes. They Nebraska quarters were produced at a rate of 100/4 seconds. For each 100 produced there were 60 errors. Yes......60% were DDR 004, 002 and 019s. They were all produced in equal quantities. 20/100 coins were of each error. So, assuming that the mint ran at full capacity for the entire 78 minutes, and I have reason to believe that it DID NOT, there should be no more than 23,400 of each error.
As far as some of these showing up in rolls? Well, I've never found one but can see how a few could have found their way into rolls. That may also explain the void in the times the bags were produced.
Now let me say that I am a novice to coin collecting. I just happened to stumble onto these at just the right moment. LUCKY is all I was! If I can answer any questions or provide any more info, just let me know but I think I have covered pretty much all I know about the subject. >>
Are you scottc out of venice Fl?
<< <i>No, that is SCOTTSCOINS2012 >>
Thanks, I'd made a purchase from that seller and found them to be very professional...
Just wondered if that was you...didn't see the GA reference.
<< <i>
<< <i>It probably has to do with the fact that I am located in atlanta, pretty close to the shipping center.I have a few more sealed boxes I would be glad to sell you if u would like to go through some yourself. All of them are dated 2/2 with a time stamp of between1:10 and 1:15. No need to spend $180 on ebay for them.
Also for any of you sleuths out there I have 3 boxes with time stamps within a 20 second time frame. If anyone knows the time frame in which these errors are being found, I guess we can come up with a guesstimate of how many were produced. I have heard the number 20,000 thrown around but that was from someone who was trying to sell them to me. I would think the number is much higher. Hope that helps someone. >>
Hello all,
I joined the site tonight to put in my 25 cents worth. I'm one of the south Georgians that was referenced early on in this thread. I can shed some light on the subject. First of all, my partner and I did not flood the market with these coins. In fact we showed reserve in not selling many more during the $40-$60 run. We did however sell enough to turn a profit which was obviously the point from the beginning. Having paid a premium for soooooo many coins, it took a while to get there. The market simply paid what it felt these were worth. I believe that they are worth much more than current prices have and held off selling once they dropped below $25. With the exception of 15 coins, none were sold ON EBAY for under $25. 75% of mine were sold to dealers. Many of the coins currently for sale on Ebay were sold to them by me.
We purchased a boatload of these in mint bags and I can tell you with absolute certainty the minute these started showing u and the minute they ended. The total run was 78 minutes. They Nebraska quarters were produced at a rate of 100/4 seconds. For each 100 produced there were 60 errors. Yes......60% were DDR 004, 002 and 019s. They were all produced in equal quantities. 20/100 coins were of each error. So, assuming that the mint ran at full capacity for the entire 78 minutes, and I have reason to believe that it DID NOT, there should be no more than 23,400 of each error.
As far as some of these showing up in rolls? Well, I've never found one but can see how a few could have found their way into rolls. That may also explain the void in the times the bags were produced.
Now let me say that I am a novice to coin collecting. I just happened to stumble onto these at just the right moment. LUCKY is all I was! If I can answer any questions or provide any more info, just let me know but I think I have covered pretty much all I know about the subject. >>
I'll help shed light, too. You probably did not buy the "right" rolls. The rolls that included the DDR-004 were the three-roll sets (PDS), but I do not know the date stamp on the boxes.
As for the re-release of 100-coin bags, those bags sold out super quick. Those bags were all bags that were returned to the mint from the first run. Once people realized that time stamp will not produce any DDRs, they sent them back. Then, those got redistributed in the re-release. This is my assumption and not a proven fact. But, that date and time stamp were available at the same time the correct time stamp boxes were available.
Also, it is not a guarantee for 20 of each. The bags I have seen ranged anywhere from 16 DDR004 to 30 DDR004. I've seen this first hand. I have done the math, too, and also assume there are probably no more than 25,000 of these produced in the 100-coin bags. But, we have not accounted for the rolls sets or single rolls. So, there could be more.
There was a 2 minute window at both the beginning and end where the coins tapered up and down from the 20 average. One coin, then 3,8 12 and up to 20 where it then tailed off 74 minutes later. The 20 count is an average thru the "sweet spot" as they must have been spit into a bin and randomly stuffed into bags. I had an anomaly of 13 004's during the sweet spot and a high of 28. And yup, still unknown how many made it into rolls.
<< <i>JCLIGHT
There was a 2 minute window at both the beginning and end where the coins tapered up and down from the 20 average. One coin, then 3,8 12 and up to 20 where it then tailed off 74 minutes later. The 20 count is an average thru the "sweet spot" as they must have been spit into a bin and randomly stuffed into bags. I had an anomaly of 13 004's during the sweet spot and a high of 28. And yup, still unknown how many made it into rolls. >>
SCOTTYC was the run time apprx. 9:30-10:30 AM?
I think anything later than 11:00 AM in the mint boxes are worthless. No 1:00 PM or later boxes are for sure no good for the 004. These bad dates are what's for sale on Ebay.
Anyway 38 listings on ebay and 18 are from the same seller. I'll never understand this strategy but if you are looking to buy, I believe it helps.
<< <i>
Hello all,
I joined the site tonight to put in my 25 cents worth. I'm one of the south Georgians that was referenced early on in this thread. I can shed some light on the subject. First of all, my partner and I did not flood the market with these coins. In fact we showed reserve in not selling many more during the $40-$60 run. We did however sell enough to turn a profit which was obviously the point from the beginning. Having paid a premium for soooooo many coins, it took a while to get there. The market simply paid what it felt these were worth. I believe that they are worth much more than current prices have and held off selling once they dropped below $25. With the exception of 15 coins, none were sold ON EBAY for under $25. 75% of mine were sold to dealers. Many of the coins currently for sale on Ebay were sold to them by me.
We purchased a boatload of these in mint bags and I can tell you with absolute certainty the minute these started showing u and the minute they ended. The total run was 78 minutes. They Nebraska quarters were produced at a rate of 100/4 seconds. For each 100 produced there were 60 errors. Yes......60% were DDR 004, 002 and 019s. They were all produced in equal quantities. 20/100 coins were of each error. So, assuming that the mint ran at full capacity for the entire 78 minutes, and I have reason to believe that it DID NOT, there should be no more than 23,400 of each error.
As far as some of these showing up in rolls? Well, I've never found one but can see how a few could have found their way into rolls. That may also explain the void in the times the bags were produced.
Now let me say that I am a novice to coin collecting. I just happened to stumble onto these at just the right moment. LUCKY is all I was! If I can answer any questions or provide any more info, just let me know but I think I have covered pretty much all I know about the subject. >>
Welcome aboard.
Some of these are interesting. It will also be interesting to see how close your estimates are. Iwould
expect them to stabilize at a significantly higher price ($120 range) if you're right.
You have three posts and are credited only two.
<< <i>
<< <i>JCLIGHT
There was a 2 minute window at both the beginning and end where the coins tapered up and down from the 20 average. One coin, then 3,8 12 and up to 20 where it then tailed off 74 minutes later. The 20 count is an average thru the "sweet spot" as they must have been spit into a bin and randomly stuffed into bags. I had an anomaly of 13 004's during the sweet spot and a high of 28. And yup, still unknown how many made it into rolls. >>
SCOTTYC was the run time apprx. 9:30-10:30 AM?
I think anything later than 11:00 AM in the mint boxes are worthless. No 1:00 PM or later boxes are for sure no good for the 004. These bad dates are what's for sale on Ebay. >>
Well done sir.
<< <i>Coining Division. Coining Press. These are newer Schuler MRH 150 Coining Presses.
The press and new sound enclosure represent a quantum leap in improved safety and ergonomics.
Using 60 tons of pressure, this press can strike 750 quarters for circulation every minute. >>
That's 45,000 an hour.
<< <i>That's 45,000 an hour. >>
Factor in the first errors produced only one error per box and gradually averaged 20 per box. Had to stop the press to change die which had failed, thus no production.
I'll go with SCOTTYC who actually had many boxes during this run, and did meticulous record keeping. How many boxes did you have during this run, Papi? That's what I thought. ZERO.
23,000 errors it is.
SRRY............MEANT TO QUOTE GOLDMAN86s POST ABOVE.
<< <i>
<< <i>That's 45,000 an hour. >>
Factor in the first errors produced only one error per box and gradually averaged 20 per box. Had to stop the press to change die which had failed, thus no production.
I'll go with SCOTTYC who actually had many boxes during this run, and did meticulous record keeping. How many boxes did you have during this run, Papi? That's what I thought. ZERO.
23,000 errors it is. >>
That's kind of harsh Hammer. I happen to have, as of yet, still unopened boxes from the time frame.
There are some aspects of the story that I find interesting. Why would a self proclaimed "novice" open boxes to look for errors; never mind keeping meticulous records?
Anyway, all I was doing was pointing out the output capability of the press. The error certainly could have been discovered and the die removed at any time during production. The assumption here is that 100% of these errors went into bags, which is not the case. They were distributed at the opening ceremony, where typically rolls may be purchased by attendees, and they were also dispensed in Washington DC through a vending machine. I'm not going to guess how many came from those two other sources that I know of.