WOW! The Mint screwed up Big League...

I have several PF67s. The difference is they weren't minted day before yesterday and aren't still available from the Mint.

 

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Oh, Not 17w's. Other years

 

Why not... Conditional rarity

 

Likely submitted in bulk, with one bad egg in the basket the submitter probably never even saw.

PCGS shows 662,542 Proof ASE's in their Pops, dating back to 1986. Of that, 59% are PR69, 38% are PR70, and 2 of the last 3 percent are PR68's. Ain't many below that.

 

More likely just a bad submission from someone that just sent it in a sealed mint box. Bulk submitters would have 69 or 70 as a minimum grade for modern proofs.

True and most are well made, we do need to remember the selection bias though too. Aside from one date anything that doesn't look 70 wouldn't get sent in and the minimum grade bulk submitters use when they send them in. Theres more that would grade below a 69 than most people would think even though 69 would probably be the most common grade if they were all submitted

 

And the latest word from the mint seems to be "Oops we goofed and it turns out those box numbers we released don't indicate those coins were minted in Philadelphia after all." So $10,000 for a coin that isn't actually what everyone thought it was.

 

Unless they released a new statement that isn't what they said. All they said was that there was some erroneous information and a mistaken belief that some of these are rarities. They never said what was wrong and could easily say there was more of them, but if they said more of them a lot would have been lost already which wouldn't change much. We really have no idea what they are going to say until they do. The fact that they didn't just directly say what was wrong seems to indicate they want to harm the market

 

Seems like there is a lot of truth in the saying "Buy the coin, not the box."

 

Funny thing is, that's what the PF-68 is

 

if not harm the market, perhaps at least disrupt it.

 

This may be an unfounded assumption on my part, but I've always thought that the overwhelming majority of ASE submissions came from bulk buyers who never actually inspected the coins involved. Makes me wonder if the Mint will drop-ship directly to PCGS.

 

The mint said it would issue a new statement at the end of June concerning the 2015(P) ASE. I'm curious as to what that statement will contain. I'm also curious if they will address the information released through the Freedom of Information Act concerning the w-p-s places of minting for 2016 and 2017 ASEs, those two years don't seem to be involved.

 

That sure would make it a helluva lot easier

 

It was a Sales call. I think Paramount. And they had received 1,000 in MS70 and then they started comparing it to the 95 in population.

I just don't buy new collectables. I'll pay a SMALL premium for newly minted sets. But manufacturing collectables as collectables just isn't my cup of tea.

If it's yours, then more power to you. I didn't collect beany babies either.

 

I believe in the concept of collecting what makes you happy. I bought two Dansco Albums for American Silver Eagles and started putting the bullion ones in them starting with 1986. My son and daughter have shown an interest in the albums, so each will get one and hopefully continue putting new ones in as they are released.
When the mint started selling the burnished ASEs with a mint mark, I started buying them as they were released. I received an early 2008 and when it was released that some had the 2007 reverse, I checked mine and it did. I sent oit NGC and it came back an MS70. Today, that "Modern Coin" sells for $1,000. I guess I just got lucky.

 

you did get lucky.

Sometimes good things happen to good people. It's called karma. I'm happy for you, Mont

 

How could it have a 2007 reverse? I thought they all had the same reverse.

 

in 2008, the Mint started using digitally designed reverses and the font (lettering) changed slightly. The U in United has a tail now.

Some coins were minted with reverse of 2007.

 

Thank you Mikenoodle.

Sakata:
Look at the reverse of a 2008 and a 2007, they not only changed the type style, stars were moved, etc. It not a huge change but enough to be noticeable.

 

I guess I had not bothered to look as I consider them bullion coins. Each year one goes into each of my folders and the rest of the roll gets put aside, never to be looked at again.