How many 1999 W gold $10 & $5 errors are known to exist?
CoinHusker
Posts: 5,033 ✭✭✭
Or is it still guesses 8 years out?
Collecting coins, medals and currency featuring "The Sower"
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$5 - PCGS - 1,687
$5 - NGC - 1,529
$10 - PCGS - 1,532
$10 - NGC - 771
You also have to add to those numbers ICG stats and have to account for ungraded coins and also substratct crack outs (unknown)...
thanks for the help!
I purchased about 150 $5 and 130$10 and sold them in two lots in the 1/06 FUN sale.
I still purchase them and have built up another small group.
It had been posted that early estimates were 2500 $5 and 1000 $10.
I honestly believe that they are not errors, but were an emergency issue that was intentionally done by the mint because of the excessive Y2K demand for small gold coins in late 1999.
After looking at neostars post, I could now estimate that there are no more than 4000 $5 and 3000 $10. I never find any raw ones anymore, but there is always the chance that there are some rolls still in hiding. Not too many, though!
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
Lets get together a petition and ask the Gray sheet to include the 1999w in the listings. They have just added 2006-w gold so maybe its a good time to ask for the 1999w. I know of about 10 dealers and collectors right off hand that would love to sign. What do you think. Will you help me?
Ericj96
Wednesday February 21, 2007 3:16 PM
"anyone know how many of the 1999-W error there are? "
No one knows exactly all we can do is build a probable range.
We know that the budget purpose expected die life for Unc moderns gold eagles is and has been 6,000 per die set. We know that the coins have been carrying very high multiples of bullion value since issue. A very accelerated submission rate to the graders has resulted.
Its getting VERY HARD to find a roll these days and after about 7-8 years of scratching the market has only come up with 3,000 tenths and 2000 quarters. These rolls have a $30,000-$45,000 bounty on their head but they still are not coming to market. Of those 2 and 3 k that have shown up at the graders many of them are crack outs.
No one knows the exact number and more than likely we never will. Bare in mind that of the 21,000 known 2006-w $5 coins 4700 have shown up at the graders in 8 weeks because they are high premium coins. The market has only found 3000 of the 99-w mint state coins in 8 years .........and it isn't for lack of looking. Assuming that the market will continue to find these coins at the same rate it has been for the last 8 years it will take 45 more years to equal the 2006-w population. They are not going to find them at the same rate they have been for that long so its just not likely to happen......they are the MEGA keys to the modern Saints.
If the rolls run out somewhere in the 6-8 thousand range or less you better have them in hand when the last roll is gone.... and if half of them have already been found and the mintage in MS-69 ends up in the 4-6 thousand range then they could behave like the 1995 W proof silver eagle because the collector base compression ratios would be simmilar. If Julian is correct and they end up in the 3,000 -4,000 range then the coins are almost gone and they could turn into MEGA coins in the next few years.
Best I can do,
Eric
PS: See www.coinresource.com and scroll down one page to the 48 page study called the Case for Moderns ...it covers this topic and many others in detail. (Modern Rarity)
5 - PCGS - 1,704
$5 - NGC - 1,537
$10 - PCGS - 1,583
$10 - NGC - 800
I don't think there will be many more found and I am willing to bet some of those numbers might be re-submits...
Same Here!!!
<< <i>I have the 5 and the 10 in PCGS slabs graded 69. Maybe some one should do a count and see just how many are owned by forum members. >>
Same here also!
i am not sure what you are referring to. a bullion round with some type of mistake. hm.
1999 W $10 Gold American Eagle:
At any rate the 1999-w 2006-w and 2007-w etc are more than likely the coins to hold in modern gold fractionals (Saints) going into the next decade.
$5 - PCGS - 1,719
$5 - NGC - 1,537
$10 - PCGS - 1,585
$10 - NGC - 800
Notice there's no change on NGC numbers from last time. PCGS numbers are up 15 on the $5s and 2 on the $10s...
<< <i>Gray sheet did list them. >>
Still do.
<< <i>What I really wonder is how long it will take for them to catch on fire? >>
About a week from now, the Sept 17th issue of Coin World has a big article about collecting the $5 Bullion Gold Eagle Series, any time they do a big article on a particular coin there is a short buying frenzy on ebay. Time to list some Buy It Now's .
Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
I knew it would happen.
Thank you!!! Maybe one day I'll be as good as Japan John!!!
Do you have a small inventory of 1999-w unc gold coins you want to get out of?
Ericj96
Do you have a small inventory of 1999-w unc gold coins you want to get out of?
Please! Do tell and how much!!!
If these all went thought the entire process at the mint without the error being caught, then you might figure that at the most there would have been only one run of each die set before they were replaced. I have heard that the average die was good for between 2000 and 4000 strikes before having to be replaced.
anyone else know for sure?
I have one $5 and $10 for each set, that makes about 5.
Larry
Dabigkahuna
Eric
Anybody have any better ideas now as to how many of each of these were made?
TD
Now figuring the number used in coin bezels and such that may end up being melted by unaware jewelers or coin dealers (unfortunatley a lot of dumb ones do exist!), I'll figure it in the high 4k low 5k range for each.
Just my opinion but taken from the perspective of a guy who has done a tremendous amount of bullion retail over the years.
<< <i>This was from a previous post:
Wednesday February 21, 2007 3:16 PM
"anyone know how many of the 1999-W error there are? "
No one knows exactly all we can do is build a probable range.
We know that the budget purpose expected die life for Unc moderns gold eagles is and has been 6,000 per die set. We know that the coins have been carrying very high multiples of bullion value since issue. A very accelerated submission rate to the graders has resulted.
Its getting VERY HARD to find a roll these days and after about 7-8 years of scratching the market has only come up with 3,000 tenths and 2000 quarters. These rolls have a $30,000-$45,000 bounty on their head but they still are not coming to market. Of those 2 and 3 k that have shown up at the graders many of them are crack outs.
No one knows the exact number and more than likely we never will. Bare in mind that of the 21,000 known 2006-w $5 coins 4700 have shown up at the graders in 8 weeks because they are high premium coins. The market has only found 3000 of the 99-w mint state coins in 8 years .........and it isn't for lack of looking. Assuming that the market will continue to find these coins at the same rate it has been for the last 8 years it will take 45 more years to equal the 2006-w population. They are not going to find them at the same rate they have been for that long so its just not likely to happen......they are the MEGA keys to the modern Saints.
If the rolls run out somewhere in the 6-8 thousand range or less you better have them in hand when the last roll is gone.... and if half of them have already been found and the mintage in MS-69 ends up in the 4-6 thousand range then they could behave like the 1995 W proof silver eagle because the collector base compression ratios would be simmilar. If Julian is correct and they end up in the 3,000 -4,000 range then the coins are almost gone and they could turn into MEGA coins in the next few years.
Best I can do,
Eric
PS: See www.coinresource.com and scroll down one page to the 48 page study called the Case for Moderns ...it covers this topic and many others in detail. (Modern Rarity) >>
Some of these are hanging from pendants and bracelets. Others are sitting in safes and deposit boxes.
I recently saw a friend who had a small hoard of gold and my eyes widened when I saw he had some 1999s $5 and $10s.
They were not the W but regardless he had never heard of the W version.
Those coins had sat unseen for last 8-10 years.
I'm sure he is just one of many with bullion hoards.........some likely have the W version and they have never heard of it.
I am renman95 and I approve of this message.
Thanks!
Do you think this is a good price?
http://cgi.ebay.com/1999-W-PCGS-MS-69-WTC-Recovery-10-Gold-Eagle-ERROR-PR_W0QQitemZ110455483519QQcmdZViewItemQQptZCoins_Bullion?hash=item19b7a8ec7f
How much are they worth???? My local B&M store sells lots of gold, maybe I can cherrypick them
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>Can anyone tell me what these coins are selling for?
Thanks!
Do you think this is a good price?
http://cgi.ebay.com/1999-W-PCGS-MS-69-WTC-Recovery-10-Gold-Eagle-ERROR-PR_W0QQitemZ110455483519QQcmdZViewItemQQptZCoins_Bullion?hash=item19b7a8ec7f >>
1999 W $5 AGE on the auction block
No Way Out: Stimulus and Money Printing Are the Only Path Left
TIME FOR ME TO see if the local B&M has some!!!
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>hold on guys, what exactly is the error in these????? Is it suppose to have a W but doesn't??
How much are they worth???? My local B&M store sells lots of gold, maybe I can cherrypick them >>
Business strikes where struck with incompletely polished dies intended for Proof issues.
IMHO these are just a Mint Mix-Up not actually an Error of any sort... a Variety which has become an expensive fad.
They are very common and like a Hot Potato dealers move em quickly before the slabs collect dust.
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>
<< <i>hold on guys, what exactly is the error in these????? Is it suppose to have a W but doesn't??
How much are they worth???? My local B&M store sells lots of gold, maybe I can cherrypick them >>
Business strikes where struck with incompletely polished dies intended for Proof issues.
IMHO these are just a Mint Mix-Up not actually an Error of any sort... a Variety which has become an expensive fad.
These are very common like a Hot Potato which dealers move quickly before the slab collects dust. >>
Only two possibilities for the existence of these coins:
1. The coins were supposed to be proofs but an unpolished die was used by mistake. This could not be the case since the "error" coins were issued with the regular bullion and not with the proofs.
2. The coins were the result of two mistakes: use of the wrong die and use of that die before it was polished.
The coins are the result of a mistake at the mint. Does mistake equal error? To me it does, especially since it involved at least two mistakes.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I honestly believe that they are not errors, but were an emergency issue that was intentionally done by the mint because of the excessive Y2K demand for small gold coins in late 1999.
I still believe that and if anything my estimate is probably high for the amount struck. I sold a second group that was smaller than the first and have a third group that is still smaller than the second.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
<< <i>I honestly believe that they are not errors, but were an emergency issue that was intentionally done by the mint because of the excessive Y2K demand for small gold coins in late 1999. >>
I was under the impression that some 1 oz'ers were also made this way? Was it just limited to fractionals?
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
<< <i>
<< <i>I honestly believe that they are not errors, but were an emergency issue that was intentionally done by the mint because of the excessive Y2K demand for small gold coins in late 1999. >>
I was under the impression that some 1 oz'ers were also made this way? Was it just limited to fractionals?
A trustworthy friend at Stack's says he saw it himself, and that Stack's offered to auction it for the owner, but he decided to keep it.
TD
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