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Have No Fear...2008 SAE/2007 Reverse Prices to Plummet Within the Week
RichR
Posts: 3,983 ✭✭✭✭✭
To all my friends...have no fear...the 2008/2007 reverse will be amply available for $10-$15/coin by this time next week. I can make this statement without hesitation because...
I actually paid $225 for a slabbed MS69 early release last night on the 'Bay. Rest assured...at least 100,000 (and probably more) of this variety will soon be available to fill any and all holes in collections now that I've taken the plunge. Like stocks, I have an unnatural ability to call the top of any market. In fact, the 2007 reverse will actually be found to be MORE common than the 2008 reverse, making the "normal" coin more valuable!
In fact, other things you should be actively shorting based on my recent investments are:
Gold
Platinum
Potash
Apple stock
JP Morgan Chase stock
Thanks.
I actually paid $225 for a slabbed MS69 early release last night on the 'Bay. Rest assured...at least 100,000 (and probably more) of this variety will soon be available to fill any and all holes in collections now that I've taken the plunge. Like stocks, I have an unnatural ability to call the top of any market. In fact, the 2007 reverse will actually be found to be MORE common than the 2008 reverse, making the "normal" coin more valuable!
In fact, other things you should be actively shorting based on my recent investments are:
Gold
Platinum
Potash
Apple stock
JP Morgan Chase stock
Thanks.
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halfnut X3, Dabigkahuna, Kaelasdad, LALASD4, harvey85422458,
fivecents, Coll3ctor, cucamongacoin, Becoka
Ren
1.) 1995-W Silver Eagle Proof 30,125 - getting over $3,500 on Ebay
2.) *2008 W with 2007 W Reverse 47,000*
3.) 2006 P Reverse Proof 250,000 - getting over $200 on Ebay
4.) 1994-P Silver Eagle Proof 372,168 - getting over $200 on Ebay
Here are the rest!
1995-P Silver Eagle Proof 395,400
1993-P Silver Eagle Proof 403,625
1997 Silver Eagle Proof 429,682
1998 Silver Eagle Proof 452,319
1996 Silver Eagle Proof 473,021
1992-S Silver Eagle Proof 498,654
1991-S Silver Eagle Proof 511,925
1999 Silver Eagle Proof 549,769
1988-S Silver Eagle Proof 557,370
2000 Silver Eagle Proof 600,000
1989-S Silver Eagle Proof 617,694
1990-S Silver Eagle Proof 695,510
2001 Silver Eagle Proof 750,000
2002 Silver Eagle Proof 750,000
2003 Silver Eagle Proof 750,000
1987-S Silver Eagle Proof 904,732
1986-S Silver Eagle Proof 1,446,778
*2008 W with 2007 W Reverse 47,000*
That's got to be a VERY preliminary population number, right?
How can a firm number have materialized so quickly, with so many loose specimens probably as yet undiscovered in closets and safe deposit boxes (where they were stashed upon receipt)?
<< <i>*2008 W with 2007 W Reverse 47,000*
That's got to be a VERY preliminary population number, right?
How can a firm number have materialized so quickly, with so many loose specimens probably as yet undiscovered in closets and safe deposit boxes (where they were stashed upon receipt)? >>
The mint released that figure, I believe it is in a coin world or NN article referenced on one of the other threads. The mint thinks there were 16 dies used and came up with that. It may actually come down, if the mint was able to stop the shipment of some of those 47,000, but I don't think that has been confirmed.
<< <i>
<< <i>*2008 W with 2007 W Reverse 47,000* That's got to be a VERY preliminary population number, right? How can a firm number have materialized so quickly, with so many loose specimens probably as yet undiscovered in closets and safe deposit boxes (where they were stashed upon receipt)? >>
The mint released that figure, I believe it is in a coin world or NN article referenced on one of the other threads. The mint thinks there were 16 dies used and came up with that. It may actually come down, if the mint was able to stop the shipment of some of those 47,000, but I don't think that has been confirmed. >>
I imagine that number smells really bad, cuz someone pulled it out of their @$$
``https://ebay.us/m/KxolR5
It will be 200,000 Less coins than 06 reserve proof, so if the floor of the 06 reserve proof is $200+, it stands to reason as word spreads, the floor is in.
<< <i>This is one "rarity" I feel very comfortable just passing by and saying no thanks. I think the price has substantial downward potential. I might wait for the milk spotted variety to appear. >>
Indeed. I see it as having little to no premium in a short time. Pass.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
In any event, the results on EBay show many buyers with Feedbacks over 2-3 K winning these auctions.
The fact remains that it is a US Mint Oddity with a very limited Mintage.
Just think of it in terms of the 1995 W Silver Proof with a run of 30,125.
The ONLY difference with that coin was the "W"
The reverse of the 2007 W and 2008 W is a night and day difference in just the metal flow. The 2007 W reverse always has this circle in the field that the 2008 W reverse eliminated. That alone was the tell-tale sign of that die.
I will use a Proof Coin to point out the "Ring" in the field common to the old dies' resulting metal flow. Now, I realize the obverse is also adjusted and mated to a reverse to have complementary (notice the spelling, this means "mutually supplying each other's lack") results.
<< <i>
<< <i>This is one "rarity" I feel very comfortable just passing by and saying no thanks. I think the price has substantial downward potential. I might wait for the milk spotted variety to appear. >>
Indeed. I see it as having little to no premium in a short time. Pass. >>
I disagree. It is a low mintage, naked eye variety in a very popular series. Someone mentioned Dansco making a hole for it. I don't have insight here but if they do, I'd say there won't be enough to fill them. Are there enough of these to get a mention in the red book next year? I think so. But I've been wrong before... --Jerry
My gosh, 1995 W Silver Proof history is repeating itself right before our eyes and people still deny it!
What was that old saying......about ignoring history?
<< <i>
<< <i>
<< <i>This is one "rarity" I feel very comfortable just passing by and saying no thanks. I think the price has substantial downward potential. I might wait for the milk spotted variety to appear. >>
Indeed. I see it as having little to no premium in a short time. Pass. >>
I disagree. It is a low mintage, naked eye variety in a very popular series. Someone mentioned Dansco making a hole for it. I don't have insight here but if they do, I'd say there won't be enough to fill them. Are there enough of these to get a mention in the red book next year? I think so. But I've been wrong before... --Jerry >>
I'm not saying I wouldn't be pleased if I had paid US mint prices for some 2008/07's, since they will have a nice premium over the standard 2008. I have just seen these "kneejerk" price jumps fade away too many times to believe they are a good investment at the prices being fetched today. And of course I have been wrong before too.
Good luck to all!
<< <i>You are very right, Jerry. My gosh, 1995 W Silver Proof history is repeating itself right before our eyes and people still deny it! What was that old saying......about ignoring history? >>
Coinboy,
I'm not saying that I predict a huge stable price a year from now but I do predict a significant premium over the normal reverse. --Jerry
<< <i>Read the '$14,000 Silver Eagle' article from the link here for a comprehensive analysis of the mintage and pricing of the silver eagle series from a dealers perspective
Can't see it. Would it be appropriate to past the text into the forum?
<< <i>
<< <i>Read the '$14,000 Silver Eagle' article from the link here for a comprehensive analysis of the mintage and pricing of the silver eagle series from a dealers perspective
Can't see it. Would it be appropriate to past the text into the forum? >>
The article link is right above the powerseller logo about half way down the page.
Box of 20
I figure less than 45,000. NN reports 200,000 silvers sold, there is no way, in my opinion, that 25% of all the Silver "W" sold, so far, are with the Rev. 2007. 1 in 4 coins, 1 in 4 orders, 1 in 4 people.
There's just to many people checking their coins, including me ofcourse, that didn't receive any.
We'll see, but that's my initial analysis.
<< <i>You are very right, Jerry.
My gosh, 1995 W Silver Proof history is repeating itself right before our eyes and people still deny it!
What was that old saying......about ignoring history? >>
History changes Russ.
Just though that was profound...
<< <i>I don't think you can compare a proof coin to a MS variety. Well, you can, but it's totally apples and oranges. I like this variety but I'm going to go out on a limb and say this coin's worth will not come remotely close to that of the 95-W. >>
True, the Proof coins always have larger collector appeal. However, the 08/07 Reverse ASE should follow the same trends as previous Mint State limited mintage varieties like the 'Millenium' ASE from 2000 and the Blue/Black label pedigree (~$2,000 & ~$500 respectively) 20th anniversary ASE, and possibly higher than those since they previous ASE limited varieties are only distinguishable from the pedigree on the holder and are the exact same coin as the regular issue of those years. IMO, the value of the 08/07 Reverse ASE somewhere in between those two, being the only unique easily distinguishable variety in 20+ years of Mint State ASE's and having a reoprted mintage of ~47,000, puts it in between those two as far as potential population with the First StrikeSM/Early Release pedigree having the smallest population.
It's completely uninteresting to me - even the "regular" version at $25 isn't worth it to me.
So that means it's sure to go up 10x.
Totally agree! They caught a bunch.
I'll bet many went as gifts instead of a Proof and will never be seen again
The key to these is watching who is buying and the number of Feedbacks of the buyer. To me, that is the smart money making the purchases and today 'feels' just like the early 2006 W Unc Platinum Ebay buys in December of 2006.
That PCGS batch reported on the Board last night only had a 10% MS70 Grade-Thru for MS70 First Strikes.
(I ran thru the cert #'s and then bought one on the spot)
have not appreciated much. That mintmark error is more desirable than a "U"
and a tilda IMHO.
What is special about the 1995-W Anniversary ASE is that it is an
anniversary coin and a proof.
I would have to agree that after the hype subsides the prices will drop.
I carefully checked every one and I think we have all missed the boat.
I bought 8 more in addition to the 5 I have now and I am going to send them all to be graded.
Best luck to you all. I think these coins will go up in value.
LOW polulation!
Wishing everyone well!
<< <i>Living "a day at a time" >>
You forgot the part about it being the KEY Coin of the Silver with its' low Mintage of 30K Coins
1.) With the US Mint putting down a firm number at 47K, that tells me they did NOT release all of the coins. If they did not, you may have the KEY COIN of all of the Silver, knocking off the 1995 W Proof for Mintage.
2.) Burnished Planchet is just a roughed up Proof Planchet, it has more luster than any Philly BU.
3.) If they used 'used dies' the grade-thru at PCGS will be low and around 10%, thus not that many 70's around. How many missed the FS cut-off?
4.) A 2006 P Reverse Proof PR70 non-FS Sells for $700 on EBay right now. There are about 203K MORE Coins than this 2008 W/2007 W Variety.
__________________________________
Just look at the sales on Ebay for key years:
A.) 1995-W Silver Eagle Proof 30,125 - getting over $3,500 on Ebay
B.) *2008 W with 2007 W Reverse 47,000*
C.) 2006 P Reverse Proof 250,000 - getting over $200 on Ebay
D.) 1994-P Silver Eagle Proof 372,168 - getting over $200 on Ebay
1995-P Silver Eagle Proof 395,400
1993-P Silver Eagle Proof 403,625
1997 Silver Eagle Proof 429,682
1998 Silver Eagle Proof 452,319
1996 Silver Eagle Proof 473,021
1992-S Silver Eagle Proof 498,654
1991-S Silver Eagle Proof 511,925
1999 Silver Eagle Proof 549,769
1988-S Silver Eagle Proof 557,370
2000 Silver Eagle Proof 600,000
1989-S Silver Eagle Proof 617,694
1990-S Silver Eagle Proof 695,510
2001 Silver Eagle Proof 750,000
2002 Silver Eagle Proof 750,000
2003 Silver Eagle Proof 750,000
1987-S Silver Eagle Proof 904,732
1986-S Silver Eagle Proof 1,446,778
Silver is always collected and the base is HUGE....ANYWAY I've have got to get back to work
I couldn't hit that button fast enough!
Worse comes to worse...they find 100,000 more and they slip down to $100/each...God knows I've made worse investments in my life!
But I don't think so!
<< <i>What happened with this prediction? >>
He was wrong.
A quarter that requires a 20x loop to see the extra relief is not a good comparison to this ASE.
Especially when Potter is on to the error and hyping it. Most of the stuff he finds is by using an Electron Microscope of 45,000X power. Plus, I hear your lucky if you get the coin back from him. Ask Lee!
A week later I will now revisit my original prediction...so far (like many of you) I'm actually quite far into the black on my SAE 2008/2007 purchases on the secondary market last week...
But in my personal investing experience, this is a completely alien, unnatural experience...kinda like maintaining a vacuum in nature! Just like a law of physics, my personal law of investing is as follows "If I buy it...you should all run for the hills!!!)
Don't say I didn't warn you!
<< <i>To all my friends...have no fear...the 2008/2007 reverse will be amply available for $10-$15/coin by this time next week. I can make this statement without hesitation because...
I actually paid $225 for a slabbed MS69 early release last night on the 'Bay. Rest assured...at least 100,000 (and probably more) of this variety will soon be available to fill any and all holes in collections now that I've taken the plunge. Like stocks, I have an unnatural ability to call the top of any market. In fact, the 2007 reverse will actually be found to be MORE common than the 2008 reverse, making the "normal" coin more valuable!
In fact, other things you should be actively shorting based on my recent investments are:
Gold
Platinum
Potash
Apple stock
JP Morgan Chase stock
Thanks. >>
Hey what is the outlook for the stockmarket ..uncanny ?
<<Hey what is the outlook for the stockmarket ..uncanny ? >>
I'm largely in cash right now...which means you should BUY BUY BUY...In fact, you should be getting a second and third mortgage to buy stocks on margin!!!