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American Eagle One Ounce Silver Enhanced Reverse Proof (19XE) SOLD OUT

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  • opportunityopportunity Posts: 1,067 ✭✭✭✭
    edited November 21, 2019 12:52AM

    @jmlanzaf said:

    @opportunity said:
    So according to those odds, if I send 2 in, I have a 62% chance of getting a 70 on each one? If so, what am I waiting on?

    That data is NOT accurate. Bulk submitters often submit with a 70 minimum grade

    Oh yeah, I saw that after I asked that question. I guess I'll be selling mine in the sealed boxes. Less hassle anyway. I'll probably wait until I can net 1500 each which I do see coming.

    Early American Copper, Bust and Seated.

  • meluaufeetmeluaufeet Posts: 767 ✭✭✭

    Received mine today. Good time to take a break from the rush. It's been a great $66 ride. Mahalo

  • morgansforevermorgansforever Posts: 8,475 ✭✭✭✭✭
    edited November 21, 2019 3:03AM

    @pf70collector said:
    Afraid of spotting still and the PCGS guarantee was rescinded on this issue.

    I stopped buying and submitting ASE PF70s in 2011 when I paid $2k for a 2011 PCGS 70 FS 25th anniversary set and most of the set spotted within a few months. I sold it still for $1100 back then. Fortunately, I bought 25 sets from the mint and made some money. I still have a sealed box of 5 2011 25th anniversary sets and it has decreased in value since from its highs.

    Both of mine will remain sealed.

    For some reason my 2011 and 2006 NGC PF70 anniversary sets have not spotted yet.

    Shortly after the 2011 spotting issue I sold my entire complete ASE NGC PF 70 set from 86-13 (except the PF69 1995w) set because of this spotting issue. I barely recouped my costs for what I paid thru the years for the entire set.

    I also remember after I sold the NGC PF69 1995w for $2500 (what I paid for it) shortly after the 69s soared to $4k. But the increase in value didn’t last even back then.

    I wonder what the value of 1995w PF70s will command now. Never safe to buy those while the series never ended. Who would of thought the mint would produce an artificial rarity and undermine the 1995w.

    This is a lesson the mint is teaching us all.
    Buying these 2019s on the market now for $1k or 70s for whatever insane price is at your own peril. The mint has jumped the shark. They now did it once and they can do it again. Probably with a 20k or 10k minted ASE.

    Have had bad luck with ASE's in PCGS plastic, never again. None of my ASE's in NGC plastic have spotted, just an observation, not bashing PCGS. Imagine buying this for $25k, buyer stores it in a SDB, and 6 months later spots all over it. I could happen regardless of who you are or how it is stored. If there's was residue on the coin then struck, the residue is now part of the coin and can't be removed.

    https://www.ebay.com/itm/2019S-1-Silver-AMERICAN-EAGLE-ENHANCED-REV-PROOF-SIGNED-BY-DAVID-J-RYDER-PF-70/254428426202?_trkparms=aid=111001&algo=REC.SEED&ao=1&asc=20160811114145&meid=e89ac7c7ab754235b48c5da180955030&pid=100667&rk=2&rkt=8&sd=254423754612&itm=254428426202&pmt=1&noa=1&pg=2334524&_trksid=p2334524.c100667.m2042

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @jmlanzaf said:

    @opportunity said:
    So according to those odds, if I send 2 in, I have a 62% chance of getting a 70 on each one? If so, what am I waiting on?

    That data is NOT accurate. Bulk submitters often submit with a 70 minimum grade

    But the data hasn't changed for several days and before most orders shipped. Doesn't bulk require a 100 coin minimum? I don't think the bulk sales have hit the tally yet.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @opportunity said:
    So according to those odds, if I send 2 in, I have a 62% chance of getting a 70 on each one? If so, what am I waiting on?

    And a 38% of both hitting 70.

  • KliaoKliao Posts: 5,685 ✭✭✭✭✭

    Let see if it will get released today :p

    Collector
    91 Positive BST transactions buying and selling with 56 members and counting!
    instagram.com/klnumismatics

  • KliaoKliao Posts: 5,685 ✭✭✭✭✭

    @Kliao said:
    Let see if it will get released today :p

    Nope......

    Oh it’s my 1,000th post!

    Collector
    91 Positive BST transactions buying and selling with 56 members and counting!
    instagram.com/klnumismatics

  • Wahoo554Wahoo554 Posts: 1,149 ✭✭✭✭✭
    edited November 21, 2019 5:33AM

    At what point do we throw in the towel? The Mint must enjoy tormenting us.

  • RichRRichR Posts: 3,925 ✭✭✭✭✭

    @Kliao said:
    Let see if it will get released today :p

    Nope......

    Secure from battle stations...

  • Nothing this morning.

  • OnedollarnohollarOnedollarnohollar Posts: 2,035 ✭✭✭✭

    boo hiss

  • BigABigA Posts: 2,715 ✭✭✭✭
    edited November 21, 2019 5:41AM

    This is what I saw yesterday as PCGS pops. Helps separate the Baltimore crowd out AND I think that makes this percentage accurate.....unless someone can request 70 only with their one coin at the show

  • Batman23Batman23 Posts: 5,001 ✭✭✭✭✭

    @Wahoo554 said:
    At what point do we throw in the towel? The Mint must enjoy tormenting us.

    I have been wondering the same thing. This 3AM stuff is getting a tiresome...

  • bigolebigole Posts: 385 ✭✭✭

    Looks like the golden goose has quit laying eggs at 7:30 eastern. I can start sleeping in again......

  • BigABigA Posts: 2,715 ✭✭✭✭

    CC rejects should be available the next day sooooo probably toast....and I REALLY don't think there will be any returns that show up in a week+

  • GoldminersGoldminers Posts: 4,339 ✭✭✭✭✭

    Here is a thought, since the Mint won't put out the report on sales like normal it could be they had an accounting IT order glitch. I will be hoping they sold 30,150 by mistake and this is NOT the key low mintage after all. LOL

  • OnedollarnohollarOnedollarnohollar Posts: 2,035 ✭✭✭✭

    they haven't posted "sold out" yet so there's a slim (sure) chance I'm not sleeping in tomorrow morning either.

  • GoldminersGoldminers Posts: 4,339 ✭✭✭✭✭

    Sleep or $1,000? That is the question.

    I notice a lot of the sellers AND buyers are going to people with less than 10 eBay feedback. I also see lots of bids by people with 0 feedback. This is the tulip bulb bubble mentality. Apparently some people are buying even at the $1,000 level to try to flip. This will be interesting to watch.

    My coin and COA already arrived at PCGS waiting to be processed into the system. Now waiting for the COA number lottery.

  • RichRRichR Posts: 3,925 ✭✭✭✭✭

    I can personally confirm (after having 9 confirmed eBay BIN sales from Thursday afternoon an evening fail)...that my golden goose eggs from last Friday morning were delivered yesterday...so...maybe those eggs are gone now.

  • jmlanzafjmlanzaf Posts: 36,488 ✭✭✭✭✭

    @cameonut2011 said:

    @jmlanzaf said:

    @opportunity said:
    So according to those odds, if I send 2 in, I have a 62% chance of getting a 70 on each one? If so, what am I waiting on?

    That data is NOT accurate. Bulk submitters often submit with a 70 minimum grade

    But the data hasn't changed for several days and before most orders shipped. Doesn't bulk require a 100 coin minimum? I don't think the bulk sales have hit the tally yet.

    Different rules for the real bulk submitters. I'm not talking PCGS member bulk.

    Hundreds were submitted on the first day in Baltimore. That's probably where ALL of these came from. Most other people have not gotten them in hand much less been able to tranship them to PCGS

  • jmlanzafjmlanzaf Posts: 36,488 ✭✭✭✭✭

    @Goldminers said:
    Sleep or $1,000? That is the question.

    I notice a lot of the sellers AND buyers are going to people with less than 10 eBay feedback. I also see lots of bids by people with 0 feedback. This is the tulip bulb bubble mentality. Apparently some people are buying even at the $1,000 level to try to flip. This will be interesting to watch.

    My coin and COA already arrived at PCGS waiting to be processed into the system. Now waiting for the COA number lottery.

    I agree. Lots of speculation. The price is not stable.

    It's ridiculous given the current number of coins being flipped. There is no shortage of supply, yet.

  • 92vette92vette Posts: 529 ✭✭✭

    USPS left my smartpost delivery in my mailbox. I thought surely this would require signature. It was 'parcel select lightweight'.

  • jmlanzafjmlanzaf Posts: 36,488 ✭✭✭✭✭

    @Onedollarnohollar said:
    they haven't posted "sold out" yet so there's a slim (sure) chance I'm not sleeping in tomorrow morning either.

    They never post sold out until, often, weeks with no sales. They have to wait out returns.

  • RichRRichR Posts: 3,925 ✭✭✭✭✭
    USPS left my smartpost delivery in my mailbox. I thought surely this would require signature. It was 'parcel select lightweight'.
    

    Nope...NO SIGNATURE REQUIRED...because it was such a "cheap" item!

    It also calls into question if you could actually insure it and expect to collect the inflated value (yet) if lost in transit???

  • jmlanzafjmlanzaf Posts: 36,488 ✭✭✭✭✭

    @RichR said:
    USPS left my smartpost delivery in my mailbox. I thought surely this would require signature. It was 'parcel select lightweight'.

    Nope...NO SIGNATURE REQUIRED...because it was such a "cheap" item!

    It also calls into question if you could actually insure it and expect to collect the inflated value (yet) if lost in transit???

    You could find comps to justify the insurance at current market prices

  • GoldminersGoldminers Posts: 4,339 ✭✭✭✭✭

    Mine from the Mint was delivered by a UPS driver and just lightly tossed on the front porch. He did not even ring the doorbell, but my camera alarm notified me to go look. It is "only a $66 coin" so no signature was required.

    Yes, I did select overnight shipping so it was faster than normal.

  • Dollar2007Dollar2007 Posts: 770 ✭✭✭

    @92vette said:
    USPS left my smartpost delivery in my mailbox. I thought surely this would require signature. It was 'parcel select lightweight'.

    I don’t think you can even require signature on smart post, secondly it was a $66 item, and thirdly, do you know what a mess that would be if every mint package was signature required, most people aren’t home during the day to sign for things.

  • RichRRichR Posts: 3,925 ✭✭✭✭✭

    Try living in a condo with 8 units per floor...our UPS and FedEx guys are like the newspaper kid on the Flintstones...he holds the elevator door while flinging boxes around corners!!! And with the holiday package rush...God help you!

  • 92vette92vette Posts: 529 ✭✭✭

    I'm used to ordering higher dollar stuff from the mint that always requires signature. I wonder what the $$ threshold is.

  • ernie11ernie11 Posts: 1,992 ✭✭✭✭✭

    @BigA said:
    CC rejects should be available the next day sooooo probably toast....and I REALLY don't think there will be any returns that show up in a week+

    Because of the huge leap in value on the secondary market, I would think the coin would have to be in bad shape for someone to return it - maybe if the Mint ran a razor blade over the obverse?

  • RichRRichR Posts: 3,925 ✭✭✭✭✭

    Legit question...if you insure a package containing 5 ounces of valuable modern silver coins at the value of 5 ounces of gold coins...and the package is legitimately lost in transit...and you file a claim based on the value of the (imaginary) gold coins...how would that claim be discredited? How would the contents of the lost package be known either way?

  • KliaoKliao Posts: 5,685 ✭✭✭✭✭

    @RichR said:
    Legit question...if you insure a package containing 5 ounces of valuable modern silver coins at the value of 5 ounces of gold coins...and the package is legitimately lost in transit...and you file a claim based on the value of the (imaginary) gold coins...how would that claim be discredited? How would the contents of the lost package be known either way?

    Well your gonna have to pay more for the higher insurance value.

    Collector
    91 Positive BST transactions buying and selling with 56 members and counting!
    instagram.com/klnumismatics

  • jmlanzafjmlanzaf Posts: 36,488 ✭✭✭✭✭

    @RichR said:
    Legit question...if you insure a package containing 5 ounces of valuable modern silver coins at the value of 5 ounces of gold coins...and the package is legitimately lost in transit...and you file a claim based on the value of the (imaginary) gold coins...how would that claim be discredited? How would the contents of the lost package be known either way?

    You need to supply proof of value. Could you provide a fake bill of sale for 5 ounces of gold? Sure. You could also take a gun into a post office and rob the cashiers. What is the point of this question? Better bet is to jump into a moving postal truck and then sue them for your resulting aspecific back pain. You might get millions for your insurance fraud rather than mere thousands for your postal fraud.

  • RichRRichR Posts: 3,925 ✭✭✭✭✭

    I'm merely responding to other posters who are saying that their insurance value claim "wouldn't be honored"...so I'm asking "how would it be disputed"?

  • engmticengmtic Posts: 107 ✭✭✭

    Does anyone idea what percent of these get graded 70's vs non 70's?
    Based on the population report is looked like 60% are 70's but I just learned that the dealers can specify not to have it graded if its less than 70.

    Any guesstimates as to the true percent of 70's vs. non 70s? I sent in 10 that I got from friends and am hoping for 5 but now I'm not so sure

  • TetromibiTetromibi Posts: 947 ✭✭✭✭✭

    @engmtic said:
    Does anyone idea what percent of these get graded 70's vs non 70's?
    Based on the population report is looked like 60% are 70's but I just learned that the dealers can specify not to have it graded if its less than 70.

    Any guesstimates as to the true percent of 70's vs. non 70s? I sent in 10 that I got from friends and am hoping for 5 but now I'm not so sure

    No way to know for sure. Even when the populations flesh out a bit, there's still the issue you pointed out with some being able to specify 70 as minimum grade.

    Let us know how your 10 turn out.

  • engmticengmtic Posts: 107 ✭✭✭
    edited November 21, 2019 8:45AM

    @Tetromibi said:

    @engmtic said:
    Does anyone idea what percent of these get graded 70's vs non 70's?
    Based on the population report is looked like 60% are 70's but I just learned that the dealers can specify not to have it graded if its less than 70.

    Any guesstimates as to the true percent of 70's vs. non 70s? I sent in 10 that I got from friends and am hoping for 5 but now I'm not so sure

    No way to know for sure. Even when the populations flesh out a bit, there's still the issue you pointed out with some being able to specify 70 as minimum grade.

    Let us know how your 10 turn out.

    Thanks but even knowing ballpark guesstimates would be very helpful.

    Is 30% a safe assumption or not even that necessarily?

    There were 85 or so graded by the Baltimore show as 70's. Even if all 500 were submitted that would mean a minimum 15% rate of 70's.

    When you add in the fact that not all were graded, some were graded by NGC, most likely not more then 300 were graded form the show max. Which would mean at leat 30% minimum so far have graded 70's.

    Does that make sense?

  • MilesWaitsMilesWaits Posts: 5,422 ✭✭✭✭✭

    This complaint of how packages are delivered surfaces each time the Mint comes out with a new and exciting product.
    At what point do you consider a post office box to protect yourself?

    Now riding the swell in PM's and surf.
  • 92vette92vette Posts: 529 ✭✭✭
    edited November 21, 2019 9:08AM

    ...

  • jmlanzafjmlanzaf Posts: 36,488 ✭✭✭✭✭

    @engmtic said:

    @Tetromibi said:

    @engmtic said:
    Does anyone idea what percent of these get graded 70's vs non 70's?
    Based on the population report is looked like 60% are 70's but I just learned that the dealers can specify not to have it graded if its less than 70.

    Any guesstimates as to the true percent of 70's vs. non 70s? I sent in 10 that I got from friends and am hoping for 5 but now I'm not so sure

    No way to know for sure. Even when the populations flesh out a bit, there's still the issue you pointed out with some being able to specify 70 as minimum grade.

    Let us know how your 10 turn out.

    Thanks but even knowing ballpark guesstimates would be very helpful.

    Is 30% a safe assumption or not even that necessarily?

    There were 85 or so graded by the Baltimore show as 70's. Even if all 500 were submitted that would mean a minimum 15% rate of 70's.

    When you add in the fact that not all were graded, some were graded by NGC, most likely not more then 300 were graded form the show max. Which would mean at leat 30% minimum so far have graded 70's.

    Does that make sense?

    There is no way to know. In the past, some reverse proofs had production issues [See Block Island Quarters] It could be anything from 10% to maybe 70%. In general, reverse proofs have had issues but I don't know that enhanced reverse proofs have had the same issue.

  • jmlanzafjmlanzaf Posts: 36,488 ✭✭✭✭✭

    @MilesWaits said:
    This complaint of how packages are delivered surfaces each time the Mint comes out with a new and exciting product.
    At what point do you consider a post office box to protect yourself?

    I don't have time for that, I'm too busy complaining. ;)

  • VanHalenVanHalen Posts: 4,330 ✭✭✭✭✭

    My $4.95 budget shipping is being delivered today! 4 days ahead of schedule.

  • GoldminersGoldminers Posts: 4,339 ✭✭✭✭✭
    edited November 21, 2019 9:22AM

    My coin was minted in San Francisco, sent to Memphis, Tennessee, then shipped to Washington State, and already picked up in Newport Beach, California by PCGS in less than a week. A hundred years ago it would be stuck in snow at Donner's pass for the winter, or might be sailing through the Panama Canal, or worse.

    No reason to complain yet. But if I get a 68-69, or a dumb COA number next, then why not complain? It reduces stress. :s

  • JimTylerJimTyler Posts: 3,738 ✭✭✭✭✭

    Well I'm out of the loop, sold mine. I usually sell too early which is the same, I believe, I've done here. I'm not a gambler I was offered a very good price based on today's value. There were enough buyers of 30k coins at $65 with the expectation of an increase in value. I ask how many buyers above $1000? Soon I estimate 20k coins ( bought by flippers) soon to come available as the mint gets all the orders out. Can the market absorb 20k coins above $1000 ? ( this is a question I don't know). I want to sell when buyers are ravenous not when they have all they really want. Don't take this as some genius plan, I always leave some money on the table but how can I complain making nearly a grand on a coin I couldn't get opening day and got by the stroke of luck on the side of the road on my phone Friday morning.

  • jmlanzafjmlanzaf Posts: 36,488 ✭✭✭✭✭

    @JimTyler said:
    Well I'm out of the loop, sold mine. I usually sell too early which is the same, I believe, I've done here. I'm not a gambler I was offered a very good price based on today's value. There were enough buyers of 30k coins at $65 with the expectation of an increase in value. I ask how many buyers above $1000? Soon I estimate 20k coins ( bought by flippers) soon to come available as the mint gets all the orders out. Can the market absorb 20k coins above $1000 ? ( this is a question I don't know). I want to sell when buyers are ravenous not when they have all they really want. Don't take this as some genius plan, I always leave some money on the table but how can I complain making nearly a grand on a coin I couldn't get opening day and got by the stroke of luck on the side of the road on my phone Friday morning.

    I actually think that is wise. Better too soon than too late. I wouldn't be surprised if this coin is $1000 coin 5 years from now. But I also think there is going to be lower prices in between. The number of coins being flipped and the number of speculators involved is massive. My search shows 3000+ coins sold on eBay alone. And some of those are being sold to speculators.

  • jwittenjwitten Posts: 5,232 ✭✭✭✭✭

    @jmlanzaf said:

    @JimTyler said:
    Well I'm out of the loop, sold mine. I usually sell too early which is the same, I believe, I've done here. I'm not a gambler I was offered a very good price based on today's value. There were enough buyers of 30k coins at $65 with the expectation of an increase in value. I ask how many buyers above $1000? Soon I estimate 20k coins ( bought by flippers) soon to come available as the mint gets all the orders out. Can the market absorb 20k coins above $1000 ? ( this is a question I don't know). I want to sell when buyers are ravenous not when they have all they really want. Don't take this as some genius plan, I always leave some money on the table but how can I complain making nearly a grand on a coin I couldn't get opening day and got by the stroke of luck on the side of the road on my phone Friday morning.

    I actually think that is wise. Better too soon than too late. I wouldn't be surprised if this coin is $1000 coin 5 years from now. But I also think there is going to be lower prices in between. The number of coins being flipped and the number of speculators involved is massive. My search shows 3000+ coins sold on eBay alone. And some of those are being sold to speculators.

    My search shows closer to 6,000 already flipped on the bay!

  • jmlanzafjmlanzaf Posts: 36,488 ✭✭✭✭✭

    @jwitten said:

    @jmlanzaf said:

    @JimTyler said:
    Well I'm out of the loop, sold mine. I usually sell too early which is the same, I believe, I've done here. I'm not a gambler I was offered a very good price based on today's value. There were enough buyers of 30k coins at $65 with the expectation of an increase in value. I ask how many buyers above $1000? Soon I estimate 20k coins ( bought by flippers) soon to come available as the mint gets all the orders out. Can the market absorb 20k coins above $1000 ? ( this is a question I don't know). I want to sell when buyers are ravenous not when they have all they really want. Don't take this as some genius plan, I always leave some money on the table but how can I complain making nearly a grand on a coin I couldn't get opening day and got by the stroke of luck on the side of the road on my phone Friday morning.

    I actually think that is wise. Better too soon than too late. I wouldn't be surprised if this coin is $1000 coin 5 years from now. But I also think there is going to be lower prices in between. The number of coins being flipped and the number of speculators involved is massive. My search shows 3000+ coins sold on eBay alone. And some of those are being sold to speculators.

    My search shows closer to 6,000 already flipped on the bay!

    The number climbs daily. What are you searching? I'm searching "2019-S reverse eagle" and get 3600. If I search "2019 reverse eagle" I get over 6000, but that includes Pride of Two Nation coins.

  • Prices grinding back down into the 900s on eBay as more supply hits.

  • GluggoGluggo Posts: 3,566 ✭✭✭✭✭

    @JimTyler said:
    Well I'm out of the loop, sold mine. I usually sell too early which is the same, I believe, I've done here. I'm not a gambler I was offered a very good price based on today's value. There were enough buyers of 30k coins at $65 with the expectation of an increase in value. I ask how many buyers above $1000? Soon I estimate 20k coins ( bought by flippers) soon to come available as the mint gets all the orders out. Can the market absorb 20k coins above $1000 ? ( this is a question I don't know). I want to sell when buyers are ravenous not when they have all they really want. Don't take this as some genius plan, I always leave some money on the table but how can I complain making nearly a grand on a coin I couldn't get opening day and got by the stroke of luck on the side of the road on my phone Friday morning.

    I think you did good. I choose to keep mine one I might regret but who knows cause I am to busy working no time to sell or even think about it. But I am happy for you just hope it was not one of the 100 Signed by the Mint but then you will never really know. Congrats on the monies just in time for Christmas! Can I give my my address? >:)

  • SweetpieSweetpie Posts: 497 ✭✭✭✭

    @jwitten said:

    @jmlanzaf said:

    @JimTyler said:
    Well I'm out of the loop, sold mine. I usually sell too early which is the same, I believe, I've done here. I'm not a gambler I was offered a very good price based on today's value. There were enough buyers of 30k coins at $65 with the expectation of an increase in value. I ask how many buyers above $1000? Soon I estimate 20k coins ( bought by flippers) soon to come available as the mint gets all the orders out. Can the market absorb 20k coins above $1000 ? ( this is a question I don't know). I want to sell when buyers are ravenous not when they have all they really want. Don't take this as some genius plan, I always leave some money on the table but how can I complain making nearly a grand on a coin I couldn't get opening day and got by the stroke of luck on the side of the road on my phone Friday morning.

    I actually think that is wise. Better too soon than too late. I wouldn't be surprised if this coin is $1000 coin 5 years from now. But I also think there is going to be lower prices in between. The number of coins being flipped and the number of speculators involved is massive. My search shows 3000+ coins sold on eBay alone. And some of those are being sold to speculators.

    My search shows closer to 6,000 already flipped on the bay!

    My research shows 95% of all Ebay sales on and before 11/14 are cancelled.

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