2006-W Unc Gold Eagles Sales as of 1/8/07

ericj96 · January 11, 2007 4:13AM

35249, 10636, 11581, 18408

$50/$25/$10/$5 respectively totals incuding 7283 four coin sets.

Eric

quattrocoins · January 11, 2007 4:15AM

Thanks for the info, Eric.

I have 6 half oncers on their way to PCGS.

Goldbully · January 11, 2007 4:16AM

<< 35249, 10636, 11581, 18408

$50/$25/$10/$5 respectively totals incuding 7283 four coin sets.

Eric >>

Thanks Eric, I lucked out and got a few of those 1/2's and 1/4's and 1/10's....

jmski52 · January 11, 2007 4:16AM

Eric, does that include the 10,000 and 20,000 One Ozers in the Anniversary Sets?

LALASD4 · January 11, 2007 4:17AM

Are these #'s good or bad?

And they are still selling, right?

HonoluluDude · January 11, 2007 4:17AM

My order for the half ouncers keeps getting pushed back.

ttown · January 11, 2007 4:27AM

I got my $10 gold piece yesterday in my mail box. The box was as big as my whole box for just a little UNC coin. They must be selling a lot if they have to use a box of that size.

Elysium · January 11, 2007 4:52AM

So, assuming a max of 10000 sets, we're talking about

13353, 14298, 21125

$25/$10/$5 respectively for the fractaionals (including 10000 four coin sets ).

itsnotjustme · January 11, 2007 5:09AM

I would think that is about right. I would expect rounder numbers like an even 100 or 250.

In my humble opinion, these are still extremely low mintage for gold Unc, and they will be winners. Maybe not as big as the plats, but still a winner is a winner.

2manycoins2fewfunds · January 11, 2007 6:44AM

Keep in mind there are several times as many gold as platinum collectors so 10,000 gold/number collectors may be less than 2500 platinum/number collectors.

Its not just supply(mintage) its also demand(number collectors).

aficionado · January 12, 2007 3:01AM

<< So, assuming a max of 10000 sets, we're talking about

13353, 14298, 21125

$25/$10/$5 respectively for the fractaionals (including 10000 four coin sets ). >>

Previous lows for Non "W" bullion is:

143,000 - 1 oz
24,000 - 1/2
36,000 - 1/4
159,000 - 1/10

for reference the Proofs lowest are:

24,500 - 1 oz
23,200 - 1/2
29,200 - 1/4
20,000 - 1/10

My views are; if the 10,000 4 coin set holds, the 1/2 and 1/4 will be the lowest eagles EVER !! The 1/10 is close behind, the thing with the 1/10 is the discrepancy between the lowest regular bullion 159,000 and the possible mintage of the "W", 21,000. That would leave a lot of people not getting the "W".

Plus, with the Mint starting sales of 2007 Unc. "W" in March/April, my guess is that 2006 will remain key, except for maybe the 1 oz.

Goldbully · January 12, 2007 3:07AM

Got my 6 fractional gold unc. submission back:

11254670 79980 2006-W $5 Eagle US MS69
11254671 79982 2006-W $10 Eagle US MS69
11254672 79982 2006-W $10 Eagle US MS70
11254673 79983 2006-W $25 Eagle US MS69
11254674 79983 2006-W $25 Eagle US MS69
11254675 79983 2006-W $25 Eagle US MS70

I'm very pleased!!!

Newb · January 12, 2007 3:09AM

<< 

Plus, with the Mint starting sales of 2007 Unc. "W" in March/April, my guess is that 2006 will remain key, except for maybe the 1 oz. >>

But the 1oz still has the W factor going, regardless of mintage. So it should still have value vs a generic 1oz. Not anywhere near the fractionals relatively, but some.

BigE · January 12, 2007 3:20AM

Nice going Goldbully! Everyone will have to form a swap to get MS70 sets

-----------BigE

Goldbully · January 12, 2007 3:46AM

<< Nice going Goldbully! Everyone will have to form a swap to get MS70 sets

-----------BigE >>

Thanks BigE, I'm pumped!!!

I just now opened my 1 and only APE 1oz'r PCGS MS70FS.......I need my sunglasses!!!!

ricko · January 12, 2007 3:48AM

Very nice grades.... Cheers, RickO

Elysium · January 12, 2007 3:49AM

<< My views are; if the 10,000 4 coin set holds, the 1/2 and 1/4 will be the lowest eagles EVER !! The 1/10 is close behind, the thing with the 1/10 is the discrepancy between the lowest regular bullion 159,000 and the possible mintage of the "W", 21,000. That would leave a lot of people not getting the "W".

Plus, with the Mint starting sales of 2007 Unc. "W" in March/April, my guess is that 2006 will remain key, except for maybe the 1 oz. >>

You left out the 1999W coins for 1/4 and 1/10 ounces. They will in all likelihood remain king. I repost eric's response to the issue.

<< You asked if the 2006-w tenth and quarter are strong enough to over come the series dominance of the 1999 -w gold and the long and short of it is not likey. I have worked very hard....harder and longer than any other personal numismatic study as to how many of the mighty 1999-ws exist.

This is what I have found after talking to everyone form error specialist to mint employees and working all the public records I could find:

1) In 1999 because of the Y2k demand for small gold the mint was working under what could be termed an extrordinary work load and their QC suffered.

2) Unpolished proof dies with the w mint mark were used to strike some $5 and $10 gold eagles and the mint shipped them. These coins are called errors because they are not supposed to exist but there is nothing error about them. There is no indication that they were aware that a few gold eagles with w mint marks were going out the door at the time. While it is possible that they made this mistake with multiple dies it appears to be very unlikely. According to the mint it changes its dies for the gold eagles on average every 6,000 strikes on the tenth and quarter oz coins.

3) After going on eight years only about 3,000 $5 99w and 2,000 $10 99w coins have been found if you combine the pop reports. Prices of these coins have spiked in the last 2 years and even with rolls going for $25000 to $40,000 each populations have not changed much. This is a very good sign. Of those that have shown up in the POP reports from PCGS and NGC it is safe to say at least 10 percent have been sent in more than once.

4) The bottom line is there is no evidence that I know of to indicate that more than one die set was used to produce the coins. The mint says the die life on average is 6,000 strikes but they can go beyond that if the product still looks good and they need to. I don't think that more coins will be found over the next 8 years than have been found in the first 8 because there are fewer coins to find so if you assume the majority will have shown up after 24 years then about 6,000 or less quarters and 9,000 or less tenths is reasonable in MS-69 grades.

5) I could be wrong but I tell my friends to at least buy one of each of the 99W gold mint state eagles because I think they are modern 1911D gold and will be THE gold MODERN SAINT IN TEN YEARS.

Hope this helps.

Eric

If you would like a more detailed review of this topic go to www.coinresource.com and scroll down to the 48 page study called " The case for investing in key date modern US coinage" >>

itsnotjustme · January 12, 2007 7:46AM

I was asked by PM:

<< I saw your post where you think the 2006-W gold 4 coin sets will be winners, maybe not huge winners, but winners nontheless......do you still think it's worth buying a few sets to stash away? >>

My Reply
Hello XXXXX,
I do. Mostly for the fractions, but I hold hope even the 1 oz is a winner. Here's why:

First, a straight mintage comparison to other years by it self is not enough. For some people, bullion is bullion, a way to put part of your money into a hard asset. Bullion buyers do not care what date/mintmark the coin is.

That said, I asked myself if other bullion coins held premiums based on mintage. And they do. I'll use the 2007 Red Book mintage figures and a recent grey sheet for prices. Here are comparisons of common bullion vs lower mintage bullion:

1/10 Oz. (2006-W Estimate: 22K)
$65-70 Commons (200K and over)
$165 Scarce (1988 159,500)

1/4 Oz (2006-W Estimate: 14.5K)
$170 Commons(41K and over)
$340 Scarce (1991 36,100) (Note: 1990 with 41K has hardly any premium)

1/2 Oz (2006-W Estimate 13.5K)
$325 Commons (60K and over)
$1,085 Scarce (1991 24,100) (Note many issues with 30-40K carry moderate premiums)

1 Oz (2006-W Estimate: 51K)
$650 Commons (143K and over)
------ Scarce (Lowest mintage is 143K and carries no premium)

That said, I feel the fractionals have huge upside potential where in each case these will have substantially lower mintage than the prior keys that already carry 100 to 250% premiums over commoms. The 1 oz is less clear. It is looking like about 40% the mintage of the prior lowest, but that prior low carries no premium.

My money is where my mouth is...
Cheers
Brian

2006-W Unc Gold Eagles Sales as of 1/8/07

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