<< <i>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. >>
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. >>
Srry Papi, I get cranky when I am tired but did not mean to be harsh. My sincerest apologies. Hopefully there weren't too many that escaped at the ceremony and I have heard of some coming from the vending machine as well. Fingers crossed that those numbers are already reflected in the established run time. I was clued in by a dealer. Quite simply was spoon fed the info and possible windfalls. It was the gambler in me that upped the ante 10 fold over the recommendation. As far as recording the quantities, well Im a bit anal about stuff. When my first 2 boxed contained a 40% discrepancy I jotted the count onto each box. It just kinda happened.
<< <i>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. >>
cladking >>
That would be unbelievable. I assume you are talking years to get back over $100?
<< <i> Srry Papi, I get cranky when I am tired but did not mean to be harsh. My sincerest apologies. Hopefully there weren't too many that escaped at the ceremony and I have heard of some coming from the vending machine as well. Fingers crossed that those numbers are already reflected in the established run time. I was clued in by a dealer. Quite simply was spoon fed the info and possible windfalls. It was the gambler in me that upped the ante 10 fold over the recommendation. As far as recording the quantities, well Im a bit anal about stuff. When my first 2 boxed contained a 40% discrepancy I jotted the count onto each box. It just kinda happened. >>
Actually, I was referring to Hammer1 that suggested I had no boxes to reference. I believe he said "ZERO."
Anyway, you commented about "Having paid a premium for soooooo many coins". A big risk for a novice; yes? Assuming these boxes were bought directly from the Mint, with the quantities of errors stated, they should have only cost about $1 each. Maybe it's me, but I'm not visualizing a cohesive depiction of the events, as posted. Again, maybe I'm reading into it, but just sayin'
So, SCOTTYC was clued in by a dealer friend. I assume he is also the person that did the meticulous math to determine how many "might" be out there, correct?
<< <i>So, SCOTTYC was clued in by a dealer friend. I assume he is also the person that did the meticulous math to determine how many "might" be out there, correct? >>
Nice. I can only assume he has done his own calculations. It is how he earns his living after all. But I was able to crunch these extremely complicated numbers in my own little ole head. Only needed one o those fancy adding machines. Im sure if you busted a boat load of these boxes that you would have come to the same conclusion. My intent on posting here was 2 fold. 1. State my peace about not "flooding" the market and destroying the value and 2. Pass along what I have come to believe about the production of the errors. Seems like info that collectors and dealers alike would appreciate.
<< <i> Srry Papi, I get cranky when I am tired but did not mean to be harsh. My sincerest apologies. Hopefully there weren't too many that escaped at the ceremony and I have heard of some coming from the vending machine as well. Fingers crossed that those numbers are already reflected in the established run time. I was clued in by a dealer. Quite simply was spoon fed the info and possible windfalls. It was the gambler in me that upped the ante 10 fold over the recommendation. As far as recording the quantities, well Im a bit anal about stuff. When my first 2 boxed contained a 40% discrepancy I jotted the count onto each box. It just kinda happened. >>
Actually, I was referring to Hammer1 that suggested I had no boxes to reference. I believe he said "ZERO."
Anyway, you commented about "Having paid a premium for soooooo many coins". A big risk for a novice; yes? Assuming these boxes were bought directly from the Mint, with the quantities of errors stated, they should have only cost about $1 each. Maybe it's me, but I'm not visualizing a cohesive depiction of the events, as posted. Again, maybe I'm reading into it, but just sayin' >>
I buy and sell for a living (my second job). So does the other south Georgia seller on ebay (second job). And before you ask,no he is not the dealer that clued me in. A big risk? No, this was one of the less risky endeavors possible. The worst that could have happened was to take a 10c loss. They are still money after all. I only regret not buying more.
I do believe it is just you and you are definitely reading too much into this.
<< <i>Im sure if you busted a boat load of these boxes that you would have come to the same conclusion. My intent on posting here was 2 fold. 1. State my peace about not "flooding" the market and destroying the value and 2. Pass along what I have come to believe about the production of the errors. Seems like info that collectors and dealers alike would appreciate. >>
We very much appreciate the info you shared here.
There are some posters here that become very jealous and cynical when they don't get in on the ground floor of these moneymakers. They post Bitter Betty comments. They're sort of like that hungry fox that couldn't reach the vine of grapes. Very obvious who they are.
<< <i> very jealous and cynical Very obvious who they are. Just ignore them. >>
That's not the case. When comments are posted in a public forum we're exposing ourselves to heightened scrutiny. The story that I read did not correspond to the events as they were observed. It may not have meant to be so; we're not all journalists. I'm not challenging anyone's integrity, nor am I being cynical or jealous; simply inquisitive. If we buy & sell for a living (second job) we can't really describe ourselves as a "novice", can we? Inserting emotion into my comments is done by the reader. I'm sorry if anyone is offended by what I make public.
<< <i> very jealous and cynical Very obvious who they are. Just ignore them. >>
That's not the case. When comments are posted in a public forum we're exposing ourselves to heightened scrutiny. The story that I read did not correspond to the events as they were observed. It may not have meant to be so; we're not all journalists. I'm not challenging anyone's integrity, nor am I being cynical or jealous; simply inquisitive. If we buy & sell for a living (second job) we can't really describe ourselves as a "novice", can we? Inserting emotion into my comments is done by the reader. I'm sorry if anyone is offended by what I make public. >>
What I find odd is when a similar error (the skeleton finger) as the 004 Pump Handle came out you were one of the biggest cheerleader of the skeleton finger. No negative inquisitive, comments. You were a buyer.
My belief is that you are on the sidelines with this one. Your comments are meant to discredit this find.
Please refer me to posts of yours in the skeleton finger thread where you adhered to the same inquisitive scrutiny as you applied herein.
<< <i> That would be unbelievable. I assume you are talking years to get back over $100? >>
Yes. It will require a solid market in moderns and this might take years.
But keep in mind these are likely to be collected by states quarter collectors as they drift back into the market so the future of these is more secure than the future of most other moderns.
I'd guess it will be at least three years and could be as many as 15.
The modern market appears be stirring and this has been a sleeping giant for a very long time.
Over 800 004 errors graded by NGC to date. Looks like this is a coin where there actually is some variation in grades with coins being graded between 63 and 67. Anybody see any of these coins on tv or in ads yet? I know it is not the Truman set, but somebody somewhere is still interested.
<< <i>Has anybody found these coins in circulation? In fact I haven't found a single 2015 quarter yet or know anyone who has. >>
I have not found that particular one, but have found several of the others. Some of them are the more dramatic ones, too. I have them and will keep them, but I don't know why.
Of course the grading company's win! That's how it always is. On this coin in particular, some may actually want the graded coins as there is a much bigger grade difference than moderns that never circulate.
<< <i>Any ideas on the mintage of these? I see the $23 and the $20 but I also see 20 coins sold at under $13 per. See a few 10,20,50 coin bulk lots left. >>
Using just the search parameter "Homestead 004" I find only one 10 and, one 20 coin lot for the 004 for sale.
Some sellers are throwing in 20 less desirable errors and calling it a 30 coin auction. In fact only 10 of the coins are 004.
<< <i>Any ideas on the mintage of these? I see the $23 and the $20 but I also see 20 coins sold at under $13 per. See a few 10,20,50 coin bulk lots left. >>
Using just the search parameter "Homestead 004" I find only one 10 and, one 20 coin lot for the 004 for sale.
Some sellers are throwing in 20 less desirable errors and calling it a 30 coin auction. In fact only 10 of the coins are 004. >>
You are correct. 30 coin lots but only 10 004s in it... Kind of deceptive. While I wasnt looking extremely close, that is a bit annoying.
Well im interested in the long term outlook on these cool little errors. Thanks all for the info in this thread, its appreciated.
I think if you can buy a quality Homestead 004 for about $20, it seems like a good deal obviously compared to the graded prices. However, it always boils down to if you are buying fresh unsearched coins or if you are buying cherry picked coins. Remember there could have been 850 coins submitted to NGC to get to the current census or 1200. The fact that coins that are not slabbed are not counted in the population report can make a big difference, especially on mint state coins that aren't really sold as collectibles (and therefore not packaged to protect the coins) . I know there was a recent thread on that topic that everyone might want to review.
<< <i> I know there was a recent thread on that topic that everyone might want to review. >>
Which?
So your thought is that sub $20 acquisition of a decent quality 004 is a good buy concerning the nature and potential mintage of this error? Was the concensus on potential mintage of the 004 error at 23000 or was it 1/3 of that at 7600?
Sorry I was unclear, I was talking about the thread that dealt with the skewing of coin population reports from the grading companies as a result of coins below a certain grade not being slabbed and thus not included in the census. As far as the total mintage of this error, a previous poster who seemed to know a lot about this coin said he believes it to be under 25,000 coins
<< <i>Ah that makes sense. Thanks. For the poster that commented on the mintage, was the 23k number for 004 errors or all potential errors? >>
That would have been only for 004, not the others, but I know I am not the one that put that estimate out there. I think it is a fair estimate, however.
<< <i>That would have been only for 004, not the others, but I know I am not the one that put that estimate out there. I think it is a fair estimate, however. >>
Realistically, with 23k of each error, I only see high graded coins really being in demand.
Im not sure there are 23k quarter collectors out there to justify each of these errors getting a place in someone's collection. While all wont be found and the longer it goes the higher the probability that if discovered will be in a circ grade, I don't know how these will appreciate significantly with so many out there.
Am I not seeing something here? Would love to continue this discussion as its a pretty neat error.
I personally know someone who has around 2,000 of them. Will they ever be worth much? Maybe not. But, for the price he paid for the 100-coin bags from the mint, there is very little downside.
<< <i>I personally know someone who has around 2,000 of them. Will they ever be worth much? Maybe not. But, for the price he paid for the 100-coin bags from the mint, there is very little downside. >>
Your friend would've needed 100 boxes in the 1/2 hour prime time. How did he accumulate that many? Ebay didn't have that many sales.
You are correct about the number of boxes needed. That half hour prime time is not exactly true. He originally bought 25 boxes for sale at the store. Then when the news broke, he opened two of the boxes and they were full of the 004. So he bought another 75 boxes a and his friend bought another 30. All the time stamps were within that same hour.
<< <i>You are correct about the number of boxes needed. That half hour prime time is not exactly true. He originally bought 25 boxes for sale at the store. Then when the news broke, he opened two of the boxes and they were full of the 004. So he bought another 75 boxes a and his friend bought another 30. All the time stamps were within that same hour. >>
Well I've changed my mind because of your friend having 2,000, and that other large Ebay seller (Scotty C) who signed on here for just the 004 thread having a ton of them.
I will have to concur with Operation Butter only the highly graded pieces will bring a premium. I would only buy the other 2 grading companies slabs, not ICG..
There's also a seller in New Jersey, one in California, and one in Las Vegas who all have tons of them and have been selling them in lots. I've been tracking very closely since the news broke and watching them come and go on eBay. They are drying up, though. Certainly 20,000 have not been sold, but a few thousand have I imagine.
<< <i>You are correct about the number of boxes needed. That half hour prime time is not exactly true. He originally bought 25 boxes for sale at the store. Then when the news broke, he opened two of the boxes and they were full of the 004. So he bought another 75 boxes a and his friend bought another 30. All the time stamps were within that same hour. >>
<< <i>that other large Ebay seller (Scotty C) who signed on here for just the 004 thread having a ton of them. >>
The two may be one in the same.
Even so, it's a small qty for what the TPG described as a "particularly significant" doubled die.
<< <i>You are correct about the number of boxes needed. That half hour prime time is not exactly true. He originally bought 25 boxes for sale at the store. Then when the news broke, he opened two of the boxes and they were full of the 004. So he bought another 75 boxes a and his friend bought another 30. All the time stamps were within that same hour. >>
<< <i>that other large Ebay seller (Scotty C) who signed on here for just the 004 thread having a ton of them. >>
The two may be one in the same. Even so, it's a small qty for what the TPG described as a "particularly significant" doubled die. >>
I promise you the two are not the same. The person I know with 2,000 does not sell on eBay.
I would imagine that whatever the average die run for these is would be a pretty close estimate and I'm sure that number significantly exceeds 23,000 as this die probably produced a full die run.
<< <i>I promise you the two are not the same. The person I know with 2,000 does not sell on eBay. >>
Thanks. The story in NN really got people looking then.
Is there any published info regarding the times on the boxes. I'm mean specific times.
From the box times that I've seen there appears to be a production gap between roughly 10:30a and 1pm. Does anyone know of box times between 11a-1pm? >>
I've seen nothing between those times. I've opened 1;10 PM boxes and found nothing.
<< <i>I've seen nothing between those times. I've opened 1;10 PM boxes and found nothing.
I've not heard of any 004 finds after 10:30. >>
So, we know between approximately 9-10:30 am is the sweet spot? So, all we need is how many boxes were packaged within one minute (8-10+?) to approximate the possible mintage.
It would be interesting to know from the guys that bought 100 boxes what the earliest/latest times they had.
<< <i>I've seen nothing between those times. I've opened 1;10 PM boxes and found nothing.
I've not heard of any 004 finds after 10:30. >>
So, we know between approximately 9-10:30 am is the sweet spot? So, all we need is how many boxes were packaged within one minute (8-10+?) to approximate the possible mintage.
It would be interesting to know from the guys that bought 100 boxes what the earliest/latest times they had. >>
I would be interested in this as well. Has anyone out there found an 004 from the 1pm time stamps?
Be careful of the Ebay listing for 90 homestead error coins, only 5 of them are of the 004 variety. Now that raw coins seem to be drying up (and prices seem to be rising) , we will see how much more supply comes on to the market.
Just checked the Mint Sales Figures for HM1. There were 2,824 boxes of 100 quarters sold. Here are the results by week.
Sorry, I tried but couldn't get them to line up in a column
Week Ending
March 01, __ 1099 March 08, __ 178 March 15, __ 85 March 22, __ 86 March 29, __ 61 April 05, __ 25 April 12, __ <7> returns April 19, __ 30 April 26, __ 955 Numismatic News article May 03, __ 37 May 10, __ 30 = 2579 Backordered May 17, __ 275 = 2854 Back on sale & Sold Out May 24, __ <19> returns May 31, __ > returns June 07, __ <8> returns - Off sale
So based on the sales, my speculation, and the info provided by SCOTTYC.......
I'm guessing that the initial run of 2579 boxes contained the 004s. That would mean approximately 20% of 257900 = 51,580
Comments
<< <i>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. >>
cladking
<< <i>
<< <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. >>
Srry Papi,
I get cranky when I am tired but did not mean to be harsh. My sincerest apologies.
Hopefully there weren't too many that escaped at the ceremony and I have heard of some coming from the vending machine as well. Fingers crossed that those numbers are already reflected in the established run time.
I was clued in by a dealer. Quite simply was spoon fed the info and possible windfalls. It was the gambler in me that upped the ante 10 fold over the recommendation.
As far as recording the quantities, well Im a bit anal about stuff. When my first 2 boxed contained a 40% discrepancy I jotted the count onto each box. It just kinda happened.
<< <i>
<< <i>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. >>
cladking
That would be unbelievable. I assume you are talking years to get back over $100?
<< <i>
Srry Papi,
I get cranky when I am tired but did not mean to be harsh. My sincerest apologies.
Hopefully there weren't too many that escaped at the ceremony and I have heard of some coming from the vending machine as well. Fingers crossed that those numbers are already reflected in the established run time.
I was clued in by a dealer. Quite simply was spoon fed the info and possible windfalls. It was the gambler in me that upped the ante 10 fold over the recommendation.
As far as recording the quantities, well Im a bit anal about stuff. When my first 2 boxed contained a 40% discrepancy I jotted the count onto each box. It just kinda happened. >>
Actually, I was referring to Hammer1 that suggested I had no boxes to reference. I believe he said "ZERO."
Anyway, you commented about "Having paid a premium for soooooo many coins". A big risk for a novice; yes? Assuming these boxes were bought directly from the Mint, with the quantities of errors stated, they should have only cost about $1 each. Maybe it's me, but I'm not visualizing a cohesive depiction of the events, as posted. Again, maybe I'm reading into it, but just sayin'
<< <i>So, SCOTTYC was clued in by a dealer friend. I assume he is also the person that did the meticulous math to determine how many "might" be out there, correct? >>
Nice. I can only assume he has done his own calculations. It is how he earns his living after all. But I was able to crunch these extremely complicated numbers in my own little ole head. Only needed one o those fancy adding machines.
Im sure if you busted a boat load of these boxes that you would have come to the same conclusion. My intent on posting here was 2 fold. 1. State my peace about not "flooding" the market and destroying the value and 2. Pass along what I have come to believe about the production of the errors. Seems like info that collectors and dealers alike would appreciate.
<< <i>
<< <i>
Srry Papi,
I get cranky when I am tired but did not mean to be harsh. My sincerest apologies.
Hopefully there weren't too many that escaped at the ceremony and I have heard of some coming from the vending machine as well. Fingers crossed that those numbers are already reflected in the established run time.
I was clued in by a dealer. Quite simply was spoon fed the info and possible windfalls. It was the gambler in me that upped the ante 10 fold over the recommendation.
As far as recording the quantities, well Im a bit anal about stuff. When my first 2 boxed contained a 40% discrepancy I jotted the count onto each box. It just kinda happened. >>
Actually, I was referring to Hammer1 that suggested I had no boxes to reference. I believe he said "ZERO."
Anyway, you commented about "Having paid a premium for soooooo many coins". A big risk for a novice; yes? Assuming these boxes were bought directly from the Mint, with the quantities of errors stated, they should have only cost about $1 each. Maybe it's me, but I'm not visualizing a cohesive depiction of the events, as posted. Again, maybe I'm reading into it, but just sayin' >>
I buy and sell for a living (my second job). So does the other south Georgia seller on ebay (second job). And before you ask,no he is not the dealer that clued me in.
A big risk? No, this was one of the less risky endeavors possible. The worst that could have happened was to take a 10c loss. They are still money after all. I only regret not buying more.
I do believe it is just you and you are definitely reading too much into this.
<< <i>Im sure if you busted a boat load of these boxes that you would have come to the same conclusion. My intent on posting here was 2 fold. 1. State my peace about not "flooding" the market and destroying the value and 2. Pass along what I have come to believe about the production of the errors. Seems like info that collectors and dealers alike would appreciate. >>
We very much appreciate the info you shared here.
There are some posters here that become very jealous and cynical when they don't get in on the ground floor of these moneymakers. They post Bitter Betty comments. They're sort of like that hungry fox that couldn't reach the vine of grapes. Very obvious who they are.
Just ignore them.
<< <i> very jealous and cynical Very obvious who they are. Just ignore them. >>
That's not the case. When comments are posted in a public forum we're exposing ourselves to heightened scrutiny. The story that I read did not correspond to the events as they were observed. It may not have meant to be so; we're not all journalists. I'm not challenging anyone's integrity, nor am I being cynical or jealous; simply inquisitive. If we buy & sell for a living (second job) we can't really describe ourselves as a "novice", can we? Inserting emotion into my comments is done by the reader. I'm sorry if anyone is offended by what I make public.
<< <i>
<< <i> very jealous and cynical Very obvious who they are. Just ignore them. >>
That's not the case. When comments are posted in a public forum we're exposing ourselves to heightened scrutiny. The story that I read did not correspond to the events as they were observed. It may not have meant to be so; we're not all journalists. I'm not challenging anyone's integrity, nor am I being cynical or jealous; simply inquisitive. If we buy & sell for a living (second job) we can't really describe ourselves as a "novice", can we? Inserting emotion into my comments is done by the reader. I'm sorry if anyone is offended by what I make public. >>
What I find odd is when a similar error (the skeleton finger) as the 004 Pump Handle came out you were one of the biggest cheerleader of the skeleton finger. No negative inquisitive, comments. You were a buyer.
My belief is that you are on the sidelines with this one. Your comments are meant to discredit this find.
Please refer me to posts of yours in the skeleton finger thread where you adhered to the same inquisitive scrutiny as you applied herein.
<< <i>My belief is that you are on the sidelines with this one. Your comments are meant to discredit this find. >>
Not sure why you're hammering me on this Hammer1. I'm not on the sidelines. Happy? Would you like to see my doggies too?
<< <i>
That would be unbelievable. I assume you are talking years to get back over $100? >>
Yes. It will require a solid market in moderns and this might take years.
But keep in mind these are likely to be collected by states quarter collectors as they drift
back into the market so the future of these is more secure than the future of most other
moderns.
I'd guess it will be at least three years and could be as many as 15.
The modern market appears be stirring and this has been a sleeping giant for a very long
time.
<< <i>Not sure why you're hammering me on this Hammer1. I'm not on the sidelines. Happy? Would you like to see my doggies too? >>
Good, one bag of 004. How many bags of 4-23 skeleton fingers? Before answering this remember you were dubbed a "006 believer" by onedollarandholler.
Papi you didn't apply the same scrutiny between the 2 errors.
Love to see pics of your doggies.
<< <i>Papi you didn't apply the same scrutiny between the 2 errors. >>
Sorry Sir, you are mistaken. I'm not scrutinizing errors; just a story.
Be well
<< <i>
<< <i>Papi you didn't apply the same scrutiny between the 2 errors. >>
Sorry Sir, you are mistaken. I'm not scrutinizing errors; just a story.
Be well >>
Your silence answers my question.
You too, be well.
Looks like 147 graded
3 67s
52 66s
46 65s
41 64s
5 63s
<< <i>Looks like NGC has graded more of them >>
Seems like an awful lot to pay, $30 each plus shipping. Just to have the label say what is clearly visible?
MS67: 5
MS66: 112
MS65: 409
MS64: 256
MS63: 50
Total: 832
I have not seen any for sale yet. I've been looking on eBay. I happen to like the errors. Don't know if they will ever take off, but who knows.
<< <i>Pop report for the WDDR-004 is as follows:
MS67: 5
MS66: 112
MS65: 409
MS64: 256
MS63: 50
Total: 832 >>
Before any discounts - 832 X $30 = $24,960 Who's the winner here?
To put it in a little bit of perspective; how many 1995 Lincoln DDOs or 2004 Wisconsin "Hi/Low leaves" are on that list?
<< <i>Has anybody found these coins in circulation? In fact I haven't found a single 2015 quarter yet or know anyone who has. >>
I have not found that particular one, but have found several of the others. Some of them are the more dramatic ones, too. I have them and will keep them, but I don't know why.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>Prices seem steep for the 65 and 66. Are these gaining traction or losing steam? >>
Gaining.
The last two single coin 004 Ebay sales were $20 and $23.
<< <i>
<< <i>Prices seem steep for the 65 and 66. Are these gaining traction or losing steam? >>
Gaining.
The last two single coin 004 Ebay sales were $20 and $23. >>
Any ideas on the mintage of these? I see the $23 and the $20 but I also see 20 coins sold at under $13 per. See a few 10,20,50 coin bulk lots left.
While I think owning 1 is cool, owning 20 seems overkill.
I havent collected the prior errors in this series, how have those been doing in terms of pricing?
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>Any ideas on the mintage of these? I see the $23 and the $20 but I also see 20 coins sold at under $13 per. See a few 10,20,50 coin bulk lots left. >>
Using just the search parameter "Homestead 004" I find only one 10 and, one 20 coin lot for the 004 for sale.
Some sellers are throwing in 20 less desirable errors and calling it a 30 coin auction. In fact only 10 of the coins are 004.
<< <i>
<< <i>Any ideas on the mintage of these? I see the $23 and the $20 but I also see 20 coins sold at under $13 per. See a few 10,20,50 coin bulk lots left. >>
Using just the search parameter "Homestead 004" I find only one 10 and, one 20 coin lot for the 004 for sale.
Some sellers are throwing in 20 less desirable errors and calling it a 30 coin auction. In fact only 10 of the coins are 004. >>
You are correct. 30 coin lots but only 10 004s in it... Kind of deceptive. While I wasnt looking extremely close, that is a bit annoying.
Well im interested in the long term outlook on these cool little errors. Thanks all for the info in this thread, its appreciated.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i> I know there was a recent thread on that topic that everyone might want to review. >>
Which?
So your thought is that sub $20 acquisition of a decent quality 004 is a good buy concerning the nature and potential mintage of this error? Was the concensus on potential mintage of the 004 error at 23000 or was it 1/3 of that at 7600?
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
For the poster that commented on the mintage, was the 23k number for 004 errors or all potential errors?
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>Ah that makes sense. Thanks.
For the poster that commented on the mintage, was the 23k number for 004 errors or all potential errors? >>
That would have been only for 004, not the others, but I know I am not the one that put that estimate out there. I think it is a fair estimate, however.
<< <i>That would have been only for 004, not the others, but I know I am not the one that put that estimate out there. I think it is a fair estimate, however. >>
Realistically, with 23k of each error, I only see high graded coins really being in demand.
Im not sure there are 23k quarter collectors out there to justify each of these errors getting a place in someone's collection. While all wont be found and the longer it goes the higher the probability that if discovered will be in a circ grade, I don't know how these will appreciate significantly with so many out there.
Am I not seeing something here? Would love to continue this discussion as its a pretty neat error.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>I personally know someone who has around 2,000 of them. Will they ever be worth much? Maybe not. But, for the price he paid for the 100-coin bags from the mint, there is very little downside. >>
Your friend would've needed 100 boxes in the 1/2 hour prime time. How did he accumulate that many? Ebay didn't have that many sales.
<< <i>You are correct about the number of boxes needed. That half hour prime time is not exactly true. He originally bought 25 boxes for sale at the store. Then when the news broke, he opened two of the boxes and they were full of the 004. So he bought another 75 boxes a and his friend bought another 30. All the time stamps were within that same hour. >>
Well I've changed my mind because of your friend having 2,000, and that other large Ebay seller (Scotty C) who signed on here for just the 004 thread having a ton of them.
I will have to concur with Operation Butter only the highly graded pieces will bring a premium. I would only buy the other 2 grading companies slabs, not ICG..
<< <i>You are correct about the number of boxes needed. That half hour prime time is not exactly true. He originally bought 25 boxes for sale at the store. Then when the news broke, he opened two of the boxes and they were full of the 004. So he bought another 75 boxes a and his friend bought another 30. All the time stamps were within that same hour. >>
<< <i>that other large Ebay seller (Scotty C) who signed on here for just the 004 thread having a ton of them. >>
The two may be one in the same.
Even so, it's a small qty for what the TPG described as a "particularly significant" doubled die.
<< <i>
<< <i>You are correct about the number of boxes needed. That half hour prime time is not exactly true. He originally bought 25 boxes for sale at the store. Then when the news broke, he opened two of the boxes and they were full of the 004. So he bought another 75 boxes a and his friend bought another 30. All the time stamps were within that same hour. >>
<< <i>that other large Ebay seller (Scotty C) who signed on here for just the 004 thread having a ton of them. >>
The two may be one in the same.
Even so, it's a small qty for what the TPG described as a "particularly significant" doubled die. >>
I promise you the two are not the same. The person I know with 2,000 does not sell on eBay.
I would imagine that whatever the average die run for these is would be a pretty close estimate and I'm sure that number significantly exceeds 23,000 as this die probably produced a full die run.
<< <i>I promise you the two are not the same. The person I know with 2,000 does not sell on eBay. >>
Thanks. The story in NN really got people looking then.
Is there any published info regarding the times on the boxes. I'm mean specific times.
From the box times that I've seen there appears to be a production gap between roughly 10:30a and 1pm. Does anyone know of box times between 11a-1pm?
<< <i>
<< <i>I promise you the two are not the same. The person I know with 2,000 does not sell on eBay. >>
Thanks. The story in NN really got people looking then.
Is there any published info regarding the times on the boxes. I'm mean specific times.
From the box times that I've seen there appears to be a production gap between roughly 10:30a and 1pm. Does anyone know of box times between 11a-1pm? >>
I've seen nothing between those times. I've opened 1;10 PM boxes and found nothing.
I've not heard of any 004 finds after 10:30.
<< <i>I've seen nothing between those times. I've opened 1;10 PM boxes and found nothing.
I've not heard of any 004 finds after 10:30. >>
So, we know between approximately 9-10:30 am is the sweet spot? So, all we need is how many boxes were packaged within one minute (8-10+?) to approximate the possible mintage.
It would be interesting to know from the guys that bought 100 boxes what the earliest/latest times they had.
<< <i>
<< <i>I've seen nothing between those times. I've opened 1;10 PM boxes and found nothing.
I've not heard of any 004 finds after 10:30. >>
So, we know between approximately 9-10:30 am is the sweet spot? So, all we need is how many boxes were packaged within one minute (8-10+?) to approximate the possible mintage.
It would be interesting to know from the guys that bought 100 boxes what the earliest/latest times they had. >>
I would be interested in this as well. Has anyone out there found an 004 from the 1pm time stamps?
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Sorry, I tried but couldn't get them to line up in a column
Week Ending
March 01, __ 1099
March 08, __ 178
March 15, __ 85
March 22, __ 86
March 29, __ 61
April 05, __ 25
April 12, __ <7> returns
April 19, __ 30
April 26, __ 955 Numismatic News article
May 03, __ 37
May 10, __ 30 = 2579 Backordered
May 17, __ 275 = 2854 Back on sale & Sold Out
May 24, __ <19> returns
May 31, __
June 07, __ <8> returns - Off sale
So based on the sales, my speculation, and the info provided by SCOTTYC.......
I'm guessing that the initial run of 2579 boxes contained the 004s. That would mean approximately 20% of 257900 = 51,580
Feel free to offer differing opinions