2008 W $10 AGE 1/4 Ounce

Justman7 · November 19, 2009 4:16AM

Just wondering if anyone has noticed the extreme price range of the 2008 W $10 Unc Gold Eagles on ebay? They seem to be soaring in price day by day. Currently the price spread on ebay ranges from $930 raw to Over $2,200 for MS70. What would be a realistic buy price?

2manycoins2fewfunds · November 19, 2009 4:21AM

A raw coin just sold for $930 with 5 bids over $850.

Justman7 · November 19, 2009 4:25AM

I saw that, I was actually watching that auction. Two MS60 slabs sold last night for a little over $1,000 each

Bithrate · November 19, 2009 4:26AM

<< A raw coin just sold for $930 with 5 bids over $850. >>

Wow - when did these jump so much in price?!

coasterfan · November 19, 2009 4:28AM

The $2200 is way overpriced since the PCGS 69 and 70s are at about a 50/50 ratio. I think something in the $930-$975 range for raw or 69 is a good price.

2manycoins2fewfunds · November 19, 2009 4:28AM

<< 

<< A raw coin just sold for $930 with 5 bids over $850. >>

Wow - when did these jump so much in price?! >>

Have been trending up.

Recent corrected audited mintage is 8885 less than earlier reported 9,300

These are the lowest mintage non error AGEs...................

wondercoin · November 19, 2009 4:30AM

Some people took their eye off the ball focusing on "technical" mintage figures (e.g. burnished plats) and overlooked the 08-W $10 gold with its mintage nearly 3x-4x the technically lower mintage coins. But, I have mentioned before, demand is as important as supply. There is stronger demand for the 08-W $10 than other items with lower mintages from 2008 - hence, the near tripling in price year over year (exceeding most platinum coins and gold buffalo coins from 2008 at this point).

I know a few people now taking their profits of 200% or greater year over year (not much performing better in the world I know of) . Didn't RYK even buy one of these and double up in less than a year as his test modern coin???

Wondercoin

RYK · November 19, 2009 4:33AM

Didn't RYK even buy one of these and double up in less than a year as his test modern coin???

Yup.

I recently sold it, too.

Bithrate · November 19, 2009 4:33AM

<< 

<< 

<< A raw coin just sold for $930 with 5 bids over $850. >>

Wow - when did these jump so much in price?! >>

Have been trending up.

Recent corrected audited mintage is 8885 less than earlier reported 9,300

These are the lowest mintage non error AGEs................... >>

That's right, I remember seeing a post about that. Good thing I have on of these little babies! Now if only I bought a full set of Buff Proofs as well...

wondercoin · November 19, 2009 4:39AM

"Yup. I recently sold it, too."

I remembered you selected this one. Great pick (and 100% annual return) for a modern newbie!!

Wondercoin

Justman7 · November 19, 2009 5:03AM

I wonder if they will hold their value?

2manycoins2fewfunds · November 19, 2009 5:31AM

<< I wonder if they will hold their value? >>

Now that is the real question isn't it?

Floor of $10 or spot price of 1/4 oz. gold.

Going for it is.............

1) Lowest mintage coin in very popular AGE series(non error)

2) Popular 1/4 oz size....better IMO than 1/10oz. (too small) or 1oz. (too expensive)

3) All fractional proof and burnished are discontinued.

Justman7 · November 19, 2009 5:37AM

All very attractive factors for this coin. I think it will continue to hold/increase in value in the short term, but in the Very long term it will probably decrease

Overdate · November 19, 2009 5:41AM

The higher price for the 1/4 ounce $10 2008-W burnished AGE makes much more sense than the current price of the 1/2 ounce $25 coin, which is trading at double melt even with a much higher mintage (thanks to the 2-coin half-ounce Buffalo-AGE set).

Justman7 · November 19, 2009 6:06AM

<< The higher price for the 1/4 ounce $10 2008-W burnished AGE makes much more sense than the current price of the 1/2 ounce $25 coin, which is trading at double melt even with a much higher mintage (thanks to the 2-coin half-ounce Buffalo-AGE set). >>

I agree, I'm surprised how much they are fetching. Also the 2008 AGE proofs are going alot, giving their mintage is much more than the Unc.

Overdate · November 19, 2009 2:56PM

A 2008-W proof $10 AGE in OGP just sold on eBay for $860!

coasterfan · November 19, 2009 4:03PM

I had ordered six of the $10 AGE 1/4 oz uncs last year, but returned them because I thought the mintage would be high. A few days after I sent them back, the Mint put out the "sold out" sign and I had returner's remorse. I didn't think there was any chance of getting them back so I didn't even try. About a month and a half later, I get a box from the Mint with my "returns". It turns out my return was past the 30-day return window so my return was declined. Boy was I happy then, but I'm ecstatic now. And the Mint didn't even charge me postage to send them back to me.

CertifiedGoldCoins · November 19, 2009 4:16PM

I ordered four of the damthings, got impatient with the delay (and aggravated with the USM in general), so went to cancel the order, only to find they were shipped that day.

Loki · November 19, 2009 4:24PM

The good news is I bought 20 of these from the mint. The bad news is I sold all but a couple of 69s and 2 70's earlier this year because the good news is I bought a boatload of buffs as well and didn't want to sell them right away. Oh well I have to take the good with the good lol.

The real good news is that 18 out of 20 graded pcgs ms70! Also had a great 70 ratio with the buffs as well. Man what a year!

pf70collector · November 19, 2009 9:16PM

I have three of 1/10 in proof in unopened boxes and one1/10 W MS in an unopened box. Guess these arn't soaring as much. I do have the 1/4 ounce W MS though bought from the U.S. Mint.

92vette · November 20, 2009 2:31AM

jmski52 · November 20, 2009 2:43AM

Didn't RYK even buy one of these and double up in less than a year as his test modern coin???

Yup. I recently sold it, too.

A Modern flipper is born!

GritsMan · November 20, 2009 4:57AM

Thanks for this thread. Anticipating the low mintage, I put a couple away, but had not been following them. Am glad to see some basic fundamentals paying off!

RYK · November 20, 2009 5:02AM

<< Didn't RYK even buy one of these and double up in less than a year as his test modern coin???

Yup. I recently sold it, too.

A Modern flipper is born!

>>

I flipped moderns long before this one. I cut my teeth on the 2006 20th Anniversary sets.

jmski52 · November 20, 2009 5:29AM

I flipped moderns long before this one. I cut my teeth on the 2006 20th Anniversary sets.

But then, wasn't most of the forum aghast when you became a Modern collector by buying back your Reverse Proof?

RYK · November 20, 2009 5:31AM

<< I flipped moderns long before this one. I cut my teeth on the 2006 20th Anniversary sets.

But then, wasn't most of the forum aghast when you became a Modern collector by buying back your Reverse Proof?

>>

I do not buy, sell, or collect coins for the approval of the forum. If I did, I would be ............

Justman7 · November 20, 2009 8:55AM

I honestly think the $10 gold will hold its value for awhile considering there are no new highly desirable coins being released by the mint in the near future. Attention will stay focused on the 2008's until more attractive coins are released to shift focus.

Delorean · November 20, 2009 9:10AM

I have 1 '08 $10 AGE in OGP I bought from the Mint and will sell it for $1200! Shipping included! It could be a 70, I have no clue how to grade

Overdate · November 20, 2009 9:15AM

I have 1 '08 $10 AGE in OGP I bought from the Mint and will sell it for $1200! Shipping included!

Can you put it on hold for me until gold reaches $4801?

jmski52 · November 20, 2009 10:17AM

The Burnished 2008-W AGE 1/4th ozer seems to really have taken off. I wonder whether the tragectory will continue, but it sure is fun watching a new issue like this launch and then take off!!!!

Overdate · November 20, 2009 1:51PM

A 2008-W proof $10 Gold Eagle in OGP just sold on eBay for $929! This followed a similar sale yesterday for $860. What's going on??

Meanwhile, two PCGS MS70 $10 Gold Eagles (non-First Strike) sold today for $1299 each!

wondercoin · November 20, 2009 1:58PM

Possibly folks confusing the MS from the Proofs? I get calls every week from collectors who have no idea what the difference is between MS and proof gold coins - some after spending thousands, if not tens of thousands of dollars already.

Wondercoin

Justman7 · November 22, 2009 1:35PM

How many of you are holding on to your $1o 2008W AGE? Many are selling and taking their hefty profits, cant blame them. I plan to hang out to mine for a bit longer before I sell, I think we are going to continue to see fast price run on these coins.

jbw · November 22, 2009 1:37PM

I have 7 & I'm hanging on to them

Justman7 · November 22, 2009 1:39PM

<< I have 7 & I'm hanging on to them

>>

Are yours graded or raw? Just wondering.

jbw · November 22, 2009 1:44PM

They're raw

Zubie · November 22, 2009 6:59PM

Damn...bought 3, all graded MS70, sold 2 for $150 profit each 6 months ago. Still have one though

92vette · November 22, 2009 10:45PM

Eleven here. -gloat-

Bothuwui · November 22, 2009 11:24PM

Sold a 1 oz 2 days ago on the Bay for $1900 as a BIN. Surprised how fast it went. It was only posted for about 30 sec's.

2manycoins2fewfunds · November 22, 2009 11:25PM

Last year at start of the financial panic one of my partners who never buys coins asked me where he should go to buy gold.

We discussed B&Ms and coin shows but in the end I suggested he buy some 2008-W $10 AGE unc. from mint.

I explained that they took credit cards, there would be complete confidentiality, no question of genuine/fake, etc., etc.

I further explained that while at the time he would be paying a $75 premium to spot that IMO the numismatic potential for appreciation made the premium worth it.

He bought 50.

His first and to my knowledge only coin purchase!!

jmski52 · November 23, 2009 12:30AM

Last year at start of the financial panic one of my partners who never buys coins asked me where he should go to buy gold.

We discussed B&Ms and coin shows but in the end I suggested he buy some 2008-W $10 AGE unc. from mint.

I explained that they took credit cards, there would be complete confidentiality, no question of genuine/fake, etc., etc.

I further explained that while at the time he would be paying a $75 premium to spot that IMO the numismatic potential for appreciation made the premium worth it.

He bought 50.

His first and to my knowledge only coin purchase!!

Boy oh boy - he is going to be all over you for advice from now on! You are his new Financial Coin Guru. Congrats!

2manycoins2fewfunds · November 23, 2009 12:33AM

<< Last year at start of the financial panic one of my partners who never buys coins asked me where he should go to buy gold.

We discussed B&Ms and coin shows but in the end I suggested he buy some 2008-W $10 AGE unc. from mint.

I explained that they took credit cards, there would be complete confidentiality, no question of genuine/fake, etc., etc.

I further explained that while at the time he would be paying a $75 premium to spot that IMO the numismatic potential for appreciation made the premium worth it.

He bought 50.

His first and to my knowledge only coin purchase!!

Boy oh boy - he is going to be all over you for advice from now on! You are his new Financial Coin Guru. Congrats!

>>

.......................................................................................................

Now I'm stuck having to explain whether he should sell or hold and if he sells to whom and how.

jmski52 · November 23, 2009 12:37AM

Now I'm stuck having to explain whether he should sell or hold and if he sells who to and how.

You only have yourself to blame!

Justman7 · November 23, 2009 2:02AM

<< 

<< 
He bought 50.

His first and to my knowledge only coin purchase!! >>

>>

Wow and I felt lucky to have one raw and one ms70!

2manycoins2fewfunds · November 23, 2009 2:04AM

Beginers luck!!

Overdate · November 23, 2009 6:20AM

>>Now I'm stuck having to explain whether he should sell or hold and if he sells to whom and how.<<

How about sell some and keep some?

Justman7 · December 1, 2009 3:06PM

Just got a heck of a good deal on ebay. Bought another 2008W Unc $10 AGE Raw With box for $780, which is way below what they have been selling for.

2008 W $10 AGE 1/4 Ounce

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