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How Many Bought a GW Plain Edge @ $200+ ??
I did, and boy do I regret it!!!!!!!!!!!!
I rode the hype and watched as the price jumped to over $1,000/ea in one day. I was glad to have bought one for $200 earlier that morning (March 8th I believe). Now I'm seeing slabbed GW smoothies come in under $100 and raw smoothies below $50! I'm just glad I bought a couple SAE sets at original to make up for my gamble.
I rode the hype and watched as the price jumped to over $1,000/ea in one day. I was glad to have bought one for $200 earlier that morning (March 8th I believe). Now I'm seeing slabbed GW smoothies come in under $100 and raw smoothies below $50! I'm just glad I bought a couple SAE sets at original to make up for my gamble.
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Good job on the ASEs.
That was one of the times.
Steve
my wife doesn't understand the concept, so it gets me thorugh the Q & A when "stuff" shows up and she wants to know what is going on. I always come back to the SAE sets and 2006-W ASE "Investments"
Loaded
ps no, i didn't buy any singles but sure watched it zoom up and down. i think some of the fraud/fakes that have surfaced have really hampered the raw smooth edge sales on eBay. i do have a (hopefully) loaded brick of washingtons with a favorable CWI wrap date and location that I paid a pretty premium for so, count me in, in a slighlty different way. I am just thinking that most of that wrap made it's way to FL areas and not anywhere else.
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Hype does not make fruit any more ripe than when it first falls off the tree.
<< <i>not me even if they drop to a dollah >>
Ditto
<< <i>Messeydesk is selling his 2007-D PCGS MS66 First Day Of Issue Washington Dollar with no edge lettering here. It is one of the 3 he received from his GW FDI submission. Apparently, PCGS did not catch that the coins had no edge lettering so it does not indicate such on the holder. This is the finest known and only 1 of 3 GW FDI coins with no edge lettering and mint origin known to exist. The bidding is over $900 with 5 days left.
That means we can add one more person to the $200+ club soon
<< <i>That means we can add one more person to the $200+ club soon
Yes, but this smoothie is unique that there is only one known to exist in a FDI MS66 and with the mint origin known
I have come to the conclusion that most if not all this modern crap will be worth no more than melt value. And the Prez dollars will be worth slightly more that $1. As someone once put it, 320 million coins were minted. 320 MILLLION!!!
It amazes me when I look at the ads in NN or CW all I see is this modern crap. Burnished proofs, reverse proofs, who cares? Personally, I am interested in collecting bullion right now. I am trying to get as much gold as I can possible get, for as cheap as possible. I will let others spend $100 for some fancy marketed silver eagle, while I keep buying my Olympic, Statue of Liberty and Congressional gold comms for melt or slightly less.
In five years, when gold is over $1000 oz., we will see whose coins are worth more.
Georgajacrappa!
Collecting Morgans in Any Grade
25 inf 1/14 Gold Dragons ,never surrender, over come and adapt
and hold at all cost!
You never know how many are out there when first they appear. You may get stuck with a Wash plain edge for $100+, but that means you also pick up the Wisconsin low leaf, the 1992-D Close AM Lincoln, the 1990 no S Lincoln proof, the 1995W ASE proof, etc. etc
Makes for fun collecting, too.
Here's a warning parable for coin collectors...
<< <i>I always buy into the hype, if the errors/varieties/issues are real cool/neat in some way. It's what's already been said: dollar cost averaging.
You never know how many are out there when first they appear. You may get stuck with a Wash plain edge for $100+, but that means you also pick up the Wisconsin low leaf, the 1992-D Close AM Lincoln, the 1990 no S Lincoln proof, the 1995W ASE proof, etc. etc
Makes for fun collecting, too. >>
Good perspective.
On the other hand, I need a slabbed one. Maybe $20 will get me one ?
Steve
NGC MS-67 GW Error
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
The Reeded Edge
1)Initial discovery piece goes high followed by a number of additional discovery pieces that erode price.
2)Error is reported nationally and spices spike.
3)This is followed by quick decline in price as everyone finds the bulk of examples and races to sell their coins.
4)This is followed by TPG recognition of error and new market for graded vs. raw coins.
5)Prices start to stabilize at an inital low point as the 1st wave of flipped TPG coins are digested by the market place.
6)Final phase is a slow rise to a final trading range based on grade.
Right now for the GW Smoothies I'd say we are in phase number 5.............
Joe G.
Great BST purchases completed with commoncents123, p8nt, blu62vette and Stuart. Great coin swaps completed with rah1959, eyoung429 and Zug. Top-notch consignment experience with Russ.
<< <i>To each his own, but I am not sure why anyone would rush off and buy such a thing BEFORE they had any clue as to how many are out there. In the first few weeks it is all frenzy. I never get caught up in that. >>
well... i guess if you do your homework & get lucky & time it right you could profit from such chaos... I know I was able to buy low and sell high.. more than doubled my money from this craze... in fact it funded half of my recent purchase of the Discovery Sacagawea Cherrios Dollar.... So... it's all about who is willing to take the risk and who has the time to stay on top of it all... i will say it was a rough experiance... I was on my computer all night and day every day watching the prices shoot up and down and tried my best to time it all just right.
/ed
The Maddy Rae Collection
CURRENT BST OFFERINGS
This "missing edge" publicity will probably up the demand for the Adams dollar. People will be "treasure hunting" for Adams errors.
If any significant errors are found, this will likely also increase demand for later presidential dollar coins.
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AL
this coin will move upwards in value again
I see this coin in certified 65 moving comfortably into the 250 range in 6 months time
get them cheap while you can from the "flippers"
giving the current numbers of Certified coins, a few hoards,
etc.
Until I check with CW, I don't want to put out the specific's
that have been discussed, but I can say that the number
of coins, as mentioned in the above two groups, based on
the best estimates, is approx. 57,000 to up to the mid-60's.
Please note that everyone has their own estimates that can be
based on actual Pop reports from the services, plus other
input from known groups/"hoards", Ebay estimates, etc.
My purpose is to say there are more than 20,000+ certified & raw coins,
but considerably less than 100,000 total known, at this point in time.
for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022
<< <i>Coin World will have an article (this weeks' issue, I believe),
giving the current numbers of Certified coins, a few hoards,
etc. >>
Will the TPGs pedigree any of these to one of those hoards?
for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022
<< <i>I did, and boy do I regret it!!!!!!!!!!!!
I rode the hype and watched as the price jumped to over $1,000/ea in one day. I was glad to have bought one for $200 earlier that morning (March 8th I believe). Now I'm seeing slabbed GW smoothies come in under $100 and raw smoothies below $50! I'm just glad I bought a couple SAE sets at original to make up for my gamble. >>
Chuck IMHO... If the smoothie you purchased is a 65 your at current market, if it's a 66 you doubled your money...
Hold tight and have it certified ( NGC's doing them @ $12.50ea ) and you will do fine even if it's a 64...
I purchased 20 from a board member ( Thanks Rick ) and 3 off eBay, the day they landed I sold the 3 for what I had in all 23..."-)
Now I'm sitting on 20 Certified Smoothies and waiting for the tide to rise...
If Adam Smoothies appear, these GW's will even do better...
I like to refer to them as the people's error...
Currently Listed: Nothing
Take Care, Dave
<< <i>
Hold tight and have it certified ( NGC's doing them @ $12.50ea ) and you will do fine even if it's a 64... >>
Is there a submission limit at NGC? I have 3 I'd like to have certified but @ $40 a pop I was holding off.
<< <i>Do you guys think NGC will do a P&D multi-holder? >>
If they will certify the coins individually, they will do a multi-holder.
How have Sac dollars held up in TPG holders? If TPG's still use un-gloved hands to handle the coins, do these particular "golden" coins deteriorate over time?
Seems to me, that would preclude all other issues about how much a slabbed alloy coin will be worth someday. If 18000 are slabbed, and 17000 become turd brown, "MS-65" will not determine the price.
<< <i>How have Sac dollars held up in TPG holders? If TPG's still use un-gloved hands to handle the coins, do these particular "golden" coins deteriorate over time?
Seems to me, that would preclude all other issues about how much a slabbed alloy coin will be worth someday. If 18000 are slabbed, and 17000 become turd brown, "MS-65" will not determine the price. >>
mine seem to be doing well, so far from 2000 on up....but well does not mean fresh.
i bought an SBA that is really toning nicely in TPG slab, makes for a purdy coin!
Loaded
very good observation
<< <i>
<< <i>
Hold tight and have it certified ( NGC's doing them @ $12.50ea ) and you will do fine even if it's a 64... >>
Is there a submission limit at NGC? I have 3 I'd like to have certified but @ $40 a pop I was holding off. >>
Husker... They have a 5 coin minimum, just include 2 other Moderns ( 1955 to Present )...
Turn around is running 12 days, took less then 3 weeks including shipping time both ways...
Currently Listed: Nothing
Take Care, Dave
know as "The King of The Ike Dollars". It was the 2nd year of the series..
With an estimated mintage of 100,000 out of the 75 Million minted...They bring strong money
in all grades......and BIG money in higher grades.
The "Smoothie", or "Plain Edge" GW Dollar is the first coin of the series, and with even if it has
a mintage of (let's pick on the upper end of the figures already stated)....say 75,000....out of 340+ million...
That would make it 4 times as rare as the fabled 72-P Type 2. Unfortunately, they are also much easier to
fake than the Type 2's.....and lots of fakes are going to be out there.....
I think they have great potential once the intial "glut" has been absorbed by the market place.
JMHO
Brian
I LOVE
I got 2 MS64 and 4 MS65's.
I was hoping for a few 66's and a flip, but now it looks as I will need sit on them and ride it out longer term than I thought.
No big deal, but a quick flip is always nice.
If it was not for the $40 PCGS grading fee I could sell for a small profit now.
Ok...question:
For an MS-65 no edge Washington dollar+starburst, slabbed by NGC...what's a decent price?
I haven't bought any yet and I might bid on a couple just to fill the hole with a good example.
The bidding is currently at $78.
Thanks,
Rich
Ok...from a price perspectice...is there a quantifiable quality (price) difference between a PCGS slabbed coin and an NGC slab?
PCGS 64 - ~$200
PCGS 65 - $220
PCGS 66 - $260 ( I think)
Another dealer had a generic slabbed one for $120. Can't remember the TPG name but it was an eBay company.
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Negative BST: NONE!