2007 W SAE's Mintage limit?
clackamas
Posts: 5,615 ✭
Anyone know the low down on the 2007-W SAE's? Is there going to be a limited mintage or is the mint going to coin the snot out of them.
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ALL YOU CAN EAT SILVER EAGLES - only $19.95 each. Save room - we want you to eat until you explode !
I thought I read on the US Mint site last year that the unc-w would be minted to demand.
<< <i>I thought I read on the US Mint site last year that the unc-w would be minted to demand. >>
If I remember right, That is what they said last year
I think that the mint will probably shut these down around 750K to 1 mm coins
Dont look to get rich quick, but,
Even with 1mm coins available, uncs should still bring $40
for 21.95 or about 6 bucks over a bullion eagle, especially the way bullion is trending up, its a no lose situation
<< <i>According to the Mint's web site the uncirculated Eagles are due to be released sometimes in Mar/Apr. That gives them 8-9 months to flood the market and believe me they will. >>
Or is it 8-9 months for collectors to gorge themselves
I have 2 of the unc-w in the 3-coin 2006 set, but now I am wishing that I bought one of the 2006-w singles
maybe that could be in sept oct
<< <i>I thought I read on the US Mint site last year that the unc-w would be minted to demand. >>
That is exactly correct!!
The big question in my mind is why did they then STOP taking orders??
I'm thinking that:
1. They got a lot and I MEAN A LOT of grief over the 20th Anniversary Coin Sets and the implied perception that the coins would ONLY be available in those sets. Next thing up, they were offering the Gold and Silver Eagle W coins individually! People were cancelling the 2 coin set orders because of this and calling the Mint Director to complain!
2. As has been proven in years past, create a shortage then market the heck out of the coins that had the shortage the following year. It never ever fails!
The name is LEE!
<< <i>1. They got a lot and I MEAN A LOT of grief over the 20th Anniversary Coin Sets and the implied perception that the coins would ONLY be available in those sets. Next thing up, they were offering the Gold and Silver Eagle W coins individually! People were cancelling the 2 coin set orders because of this and calling the Mint Director to complain! >>
I thought it was interesting that people read the UNCs would be for the sets only. It never said that anywhere and I never read the descriptions as saying that. Basically the descriptions gave a set limit for the 2 coin set. Did people somehow think those coins would not be in the 3 coin sets, because if they were the mintage of the coins would be higher than the number of 2-coin sets listed? It seems illogical (and overly optimistic) to think that the coins in the 2 coin sets would also be in the 3 coin sets (increasing the per-coin mintage) but not otherwise available.
<< <i>2. As has been proven in years past, create a shortage then market the heck out of the coins that had the shortage the following year. It never ever fails! >>
How is the Mint "marketing the heck out of" the 2007-W ASEs?
I'd say that the 2006 is doing the marketing for the 2007. I have non-buyer's remorse on the 2006. I'll be buying a 2007
Box of 20
Don't get me wrong, I'm not gloating about the low mintage 2006s as I missed the boat in a big way. I have only the four examples that a local dealer limited me to when he was selling them for $24 after the Mint stopped shipping them. I just think it's cool that the Mint can keep things interesting by "minting to demand" unless, um, other stuff comes up. Isn't that how so many keys, like say the 1916-D dime, have developed? Isn't it cool that an otherwise pedestrian offering can become so exciting?
If the 07s go for $19.95 I will buy a bunch of them. Not the truckload that I wish I had ordered of the 06s, but at least a few dozen anyway.
<< <i>I just think it's cool that the Mint can keep things interesting by "minting to demand" unless, um, other stuff comes up. Isn't that how so many keys, like say the 1916-D dime, have developed? Isn't it cool that an otherwise pedestrian offering can become so exciting? >>
From Lee's post above it seems plausible that the Mint stopped making 2006-Ws because of customer complaints due to misreading Mint collateral. I think it's cool that NCLT with mintages over 400K can be exciting. The collector demand for moderns is still very strong which can be an indication the market is still doing well.
Edited to correct typo.
<< <i>
<< <i>I just think it's cool that the Mint can keep things interesting by "minting to demand" unless, um, other stuff comes up. Isn't that how so many keys, like say the 1916-D dime, have developed? Isn't it cool that an otherwise pedestrian offering can become so exciting? >>
From Lee's post above it seems plausible that the Mint stopped making 2006-Ws because of customer complaints due to misreading Mint collateral. I think it's cool that NCLT with mintages over 400K can be exciting. The collector demand for moderns is still very strong which can be an indication the market is still doing well. >>
Lee's theory is indeed a possibility. I'm a bit skeptical of the idea that the Mint shut off sales of the single silver unc due to criticism of the 10th Anny Gold/Silver set, though, because the single $19.95 unc was the less expensive way to get the coin. (Likewise, the gold unc and silver unc together were less expensive than that ill-conceived $800 combo set.)
Perhaps the Mint stopped single-unc sales altogether in hopes that the public would soon forget about their Anny Set marketing snafu. However, I doubt that, as the Mint seemed apologetic and forthright in their public messaging addressing the criticism of the $800 set offering.
Still, I don't know myself what "other stuff" came up to get in the way of minting silver uncs to full demand.
<< <i>Still, I don't know myself what "other stuff" came up to get in the way of minting silver uncs to full demand. >>
Maybe someone came up with a marketing idea to distribute smooth edge GW$s and they had to work the kinks out of that "program?"
<< <i>How is the Mint "marketing the heck out of" the 2007-W ASEs? >>
You're right, that was the wrong term but the simple fact remains that given the profitable success of the 2006-W and its late release last year, they will definitely sell a bunch of them this year and those first received will be on EBay probably as "pre-sales".
But then, maybe they will release these late too. Who knows?
I'll just get my usual amount..............
Edited to add:
Actually, now that I think of it, their marketing ploy is to start selling these in April (at least that is what the schedule states) whereas last year you could not even order them until September with a December delivery date!
The name is LEE!
That is what they said last year, and that is what they did, up until the time that they cut off production. They probably had what they thought was sufficient inventory for the remainder of the year. There was a last minute rush of orders, as I recall, because I was thinking of buying a bunch and then they were gone.
With the large number of programs in place and new ones coming onstream, this situation is likely to recur with one series or another unless the Mint expands their floor space and facilities.
I think that it must be an end-of-year phenomenon - if they over-produce, they just leave the surplus for sale into the next year. If they under-estimate one or two items, they sell out and call it a day, because they have to keep the majority of stuff moving through the schedule.
I knew it would happen.
Unless they are put in another must have set.
Sorry, just my opinion.
Jim
But there is one thing that I think can greatly influence the final mintage.... and that is the vast number of other issues the Mint has this year. The Mint employees are going to be working overtime to meet the schedules. Presidential dollars (4 issues) in unc, proof, maybe silver. First Lady gold (4 issues) in unc and proof. And copper or brass versions. 5 more state quarters in unc, proof, clad and silver. Probably at least a couple of commemorative issues. Legacy sets. Proof sets in 4? versions. Gold buffalos in proof, and unc, and in fractionals. American eagles in silver, gold, unc and proof, and in fractionals. Oops, forgot the platinums.... with a special set to boot.
I'm sure I have not mentioned nearly all of the options.
Bottom line... to keep the production moving.... the options may be 'pulled' much sooner than expected... and without much notice. Don't wait too long to order yours.
This could also be another good year for varieties and errors due to less inspection time.
If the 2007-W uncirculated ASEs are released in large numbers, I think it will boost the value of the 2006-W specimens.
There really aren't that many 2006-W uncirculated ASEs to go around. The majority will probably stay tied up in the 2-coin gold and silver sets and 3-coin silver sets. Many collectors of "W" uncirculated silver ASE year sets will want the original mint packaging for each year, and there are only 200,000 with this packaging available for 2006.
If the "W" uncirculated SAEs become a recognized distinct series, akin to the annual proofs and with comparable or higher mintages, I would expect the 2006-W to remain in demand as the first (and possibly scarcest) coin in the series.
Just my opinion, of course.
My Adolph A. Weinman signature
The nice prices on the 2006's have primed the pump.
I must admit though, the proofs have not been worthy since 1999, and I have cancelled my subscriptions on those.