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<p>[QUOTE="johnboy65, post: 218230, member: 8547"]<b>leadfoot I agree and disagree</b></p><p><br /></p><p>If population were the sole factor and my 1995 w Silver Eagle analogy were correct then you could make the argument that the Wisconsin leafs should also be selling for $5000 or more because we now have a pretty good idea that there are only less than 30,000 high and low leafs out there, but obviously these aren't selling for $5000 or more, but only a few hundred dollars, so you do have a point there that you can't just go by population figures. The leafs were also a well published error, but the problem with these errors was that many thought it was a deliberate act at the US Mint and on the other hand many thought it was just a die gouge. If it had been confirmed by the mint that it was a deliberate act then I bet these would be selling in the thousands now, but instead they attributed it to a machinery defect. On the other hand, we know that the MInt has confirmed these Washngton Dollars as being a major mistake on their part and one could make the argument that in essence we now have one presidential coin out there with a mintage of 300 million and another that could be as low as 60,000. Once again, there is no "was it a die gouge or deliiberate act factor here", but instead a clear cut error that escaped the mint. I guess my point is and why I'm so pumped about these coins is the 37 3 legged buffalo was just a die mess up along with the 55 double die and the Bison Buffalo speared nickel and you could go through coins all day and find some kind of die errors, but here we have something that is very uncommon relative to the die errors mentioned above- a coin that totally missed part of the production process and not just another well publicized die gouge or die error like the 55 double die. For example, how many other errors are there out there that escaped the mint without the date, without in god we trust, without five cents, one cent, etc...?? Very few because if they did the coin would most likely be a blank planchet, so here we have this unique edging process that hasn't happened since the 30's paving the way for such an error to occur and of course it has occurred. I mean we are talking about a US Coin with no date on it and is there any other coins out there from the US Mint with no date on them??? I have no idea because I'm not an expert, but I do know that there are many examples of die gouges such as the 37 3 legged buffalo, the 55 double die, and even possibly the Wisconsin leafs. I just know from my experience from talking to dealers and reading message boards if they had been a deliberate act (WI Leafs) then they would have really gone up in price and we all know these smoothies weren't some die gouge, but instead in essence a deliberate act at the US Mint regardless if someone did it purposely or accidently, thus resulting in my opinion that we know have a seperate presidential coin with no date along with the other pertinent information. Of course, I'm biased and I have a vested interest in these coins and I'm even telling my relatives to put a few away for the long term with the conclusion that these are not only unique errors that have never occured at the US Mint before (once again unlike the common die gouges or errors that surface every few years), but also part of something that could be as popular as the state quarter program and thus you will not only have the hard core coin collectors buying these up, but also investors and entreprenuers like myself who are limited coin collectors, but have enough information to know that these errors are out there and are like what the heck I will put one away and take my chances for only a hundred bucks or so. As for your 100 million collector argument I laugh at that also when the US Mint claims that there are close to 150 milllion state quarter collectors out there with the full understanding that there aren't 150 million state quarter collectors out there buying NGC slabbed state quarters or other state quarters that that cost more than well a quarter, but instead the bulk are just saving each state here and there which any person could do with a few dollars in their pocket, but 150 million is such of a large number and if only 1% are serious collectors then this translates into still a significant number of 1.5 million and if the same numbers pan out with the presidential dollars then we may have this unique presidential dollar with a mintage of only 60,000 and well over a million collectors wanting one. Once again, I agree there isn't going to be millions of collectors flocking to ebay to buy these because they call themselves presidential dollar collectors because the other day they put one away, but if you closely watch ebay everyday you have a few large hoarders that are dumping these as fast as they can which is probably attributed to their basis only being $1 plus $12 or $14 in grading fees and the market is absorbing this dumping which I believe will subside shortly. Finally, going back to your apples to apples argument, 30,000 of these 1995 W silver eagles are only going to be sought by the hard core coin collectors which I know is still in the few million whereas with these Washington errors you not only have the hard core coin collector as being part of the target market, but also the entreprenuers, investors, and a smaill percentage of the presidential dollar collectors who were drawn into these Washington smoothies from all the media frenzy of which i can relate to since a USA TOday article about the Wisconsin leafs got me to be an investor in these leaf errors which I otherwise would have never knnow about, but I'm sure all the hard core coin collectors knew about. Oh well, as you can see I've spent about an hour arguing my case and these message boards won't affect the prices, but I am open to negative and positve criticism about these coins as I hope to continue to buy more.[/QUOTE]</p><p><br /></p>
[QUOTE="johnboy65, post: 218230, member: 8547"][b]leadfoot I agree and disagree[/b] If population were the sole factor and my 1995 w Silver Eagle analogy were correct then you could make the argument that the Wisconsin leafs should also be selling for $5000 or more because we now have a pretty good idea that there are only less than 30,000 high and low leafs out there, but obviously these aren't selling for $5000 or more, but only a few hundred dollars, so you do have a point there that you can't just go by population figures. The leafs were also a well published error, but the problem with these errors was that many thought it was a deliberate act at the US Mint and on the other hand many thought it was just a die gouge. If it had been confirmed by the mint that it was a deliberate act then I bet these would be selling in the thousands now, but instead they attributed it to a machinery defect. On the other hand, we know that the MInt has confirmed these Washngton Dollars as being a major mistake on their part and one could make the argument that in essence we now have one presidential coin out there with a mintage of 300 million and another that could be as low as 60,000. Once again, there is no "was it a die gouge or deliiberate act factor here", but instead a clear cut error that escaped the mint. I guess my point is and why I'm so pumped about these coins is the 37 3 legged buffalo was just a die mess up along with the 55 double die and the Bison Buffalo speared nickel and you could go through coins all day and find some kind of die errors, but here we have something that is very uncommon relative to the die errors mentioned above- a coin that totally missed part of the production process and not just another well publicized die gouge or die error like the 55 double die. For example, how many other errors are there out there that escaped the mint without the date, without in god we trust, without five cents, one cent, etc...?? Very few because if they did the coin would most likely be a blank planchet, so here we have this unique edging process that hasn't happened since the 30's paving the way for such an error to occur and of course it has occurred. I mean we are talking about a US Coin with no date on it and is there any other coins out there from the US Mint with no date on them??? I have no idea because I'm not an expert, but I do know that there are many examples of die gouges such as the 37 3 legged buffalo, the 55 double die, and even possibly the Wisconsin leafs. I just know from my experience from talking to dealers and reading message boards if they had been a deliberate act (WI Leafs) then they would have really gone up in price and we all know these smoothies weren't some die gouge, but instead in essence a deliberate act at the US Mint regardless if someone did it purposely or accidently, thus resulting in my opinion that we know have a seperate presidential coin with no date along with the other pertinent information. Of course, I'm biased and I have a vested interest in these coins and I'm even telling my relatives to put a few away for the long term with the conclusion that these are not only unique errors that have never occured at the US Mint before (once again unlike the common die gouges or errors that surface every few years), but also part of something that could be as popular as the state quarter program and thus you will not only have the hard core coin collectors buying these up, but also investors and entreprenuers like myself who are limited coin collectors, but have enough information to know that these errors are out there and are like what the heck I will put one away and take my chances for only a hundred bucks or so. As for your 100 million collector argument I laugh at that also when the US Mint claims that there are close to 150 milllion state quarter collectors out there with the full understanding that there aren't 150 million state quarter collectors out there buying NGC slabbed state quarters or other state quarters that that cost more than well a quarter, but instead the bulk are just saving each state here and there which any person could do with a few dollars in their pocket, but 150 million is such of a large number and if only 1% are serious collectors then this translates into still a significant number of 1.5 million and if the same numbers pan out with the presidential dollars then we may have this unique presidential dollar with a mintage of only 60,000 and well over a million collectors wanting one. Once again, I agree there isn't going to be millions of collectors flocking to ebay to buy these because they call themselves presidential dollar collectors because the other day they put one away, but if you closely watch ebay everyday you have a few large hoarders that are dumping these as fast as they can which is probably attributed to their basis only being $1 plus $12 or $14 in grading fees and the market is absorbing this dumping which I believe will subside shortly. Finally, going back to your apples to apples argument, 30,000 of these 1995 W silver eagles are only going to be sought by the hard core coin collectors which I know is still in the few million whereas with these Washington errors you not only have the hard core coin collector as being part of the target market, but also the entreprenuers, investors, and a smaill percentage of the presidential dollar collectors who were drawn into these Washington smoothies from all the media frenzy of which i can relate to since a USA TOday article about the Wisconsin leafs got me to be an investor in these leaf errors which I otherwise would have never knnow about, but I'm sure all the hard core coin collectors knew about. Oh well, as you can see I've spent about an hour arguing my case and these message boards won't affect the prices, but I am open to negative and positve criticism about these coins as I hope to continue to buy more.[/QUOTE]
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