BULLY's Journal

A journal by BULLY

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Both sides of the 2008-W 08/07 Reverse Coin

I can see both sides of the argument. Not to mention both sides of the coin. I wouldn't encourage someone to go out and BUY 5, 10, or 40 coins (or more) for the very expensive prices that the coins seem to be commanding now. However, if a collector was lucky enough to have ordered from the Mint say, 20, 30 or more coins, and all of them had the 2008-W, with the 2007 reverse ERROR, I might not discourage him or her from keeping those since they were purchased at initial sale price, quite rea
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2008-W SAE, Reverse '07

HIGHER THAN YOU THINK! Earlier today, TPETERS wrote that he saw this coin for $1,000 -- I saw it for even more...just wait! I get emails from eBay about auctions from some sellers I've done business with, and they show me "similar items for sale." Well, this weekend I saw an auction where a 2008-W Silver American Eagle, Reverse of 2007, MS70, PCGS, "First Strike"...on eBay...sold for...are you ready??? DRUMROLL..... You aren't going to believe me if I tell you, so just in case, the eBa
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2008-W ASE, Reverse of '07

It actually fits into the 2008-W Mint State Silver Eagle slot! I wrote to NGC asking about adding a slot for this error coin, and received a reply indicating that while they had not done so, and alluding to their consideration, that for the time being, the 2008-W coin, with the Reverse of the 2007 Mint State Silver American Eagle actually can be added to the regular 2008-W slot. I tried, and successfully added the coin to my slot. When you go into the details about the coin, it does show th
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2008-W Silver Eagles

I did pretty well! Well, NGC emailed my images this afternoon, so though the status hasn't yet changed to "Finalized/Imaged/Shipped" I know what my 2008-W Silver Eagles are going to be. I submitted 12 of them, for Early Releases. I got ALMOST an even split, slightly in my favor. I must admit that in the last two years, I've had better results. Anyway, the tally is: MS70: Quantity 7 MS69: Quantity 5 And, among the dozen, I was not lucky enough to get a single one which had a reve
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I wish I knew whether it was a bubble bursting...

or so-called "profit-taking," a correction, or some other anomaly, or whether these noble metals were destined to rebound. As of 3/20/2008 5:51:13 PM EST   Gold $913.00 (down from over $1,000 per ounce) Silver $16.8600 (down from over $20.55 per ounce) Platinum $1,855.00 (down from over $2500 per ounce). The shocking thing is that the high prices were just about a week ago, though in retrospect, the drops occurred probably about as fast as the increases in these prices. So, co
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I love those so-called "Skinny Chickens"

They are ENDEARING Ok, I am going to go out on a limb, and so against the grain of the group feeling and admit that I LOVE LOVE LOVE the Bald Eagle half dollar coins. As soon as the brochure arrived, I couldn't wait for the day they went on sale for pre-order. I wanted them. WHY? Which ones caught my eye? It was the half dollar that caught my attention immediately! Personally, of all three coins, I find the half dollar with these so-called "skinny chickens" the most endearing. Ce
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TO: VUMC409's, RE: In "god" we trust on Presidential $

It's true... I am not sure if it was because of activists, lobbying of Congressional representatives, whether there were petitions, or whether Congress just took it upon themselves. I honestly don't recall reading the "official" motivation behind the change. I do recall, however, reading that it had something to do with a complaint by some that the coins, since the "In god we trust" motto" was on the edge of the coin seemed "godless" to "some" people. This was ESPECIALLY true when there were
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Rob Chamers moved to ShopNBC?

UGH, What were they thinking? Oh heaven help us! I knew the Coin Vault SHOW was going off the air. Jewelry Television (JTV.com) which OWNS the Coin Vault annouced it months ago: http://www.knoxnews.com/news/2008/jan/08/shop-home-cease-broadcasting-march-about-200-jobs-/ (NOTE: I checked the ShopAtHomeTV.com web site tonite, and all it does is direct you to Jewelry Television and Watches -- no coins! It appears that this press earlier press release may be old news.) However, their
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RE: Cooker & The Bandwagon (Silver and others!)

Silver and Platinum CAN be had, or at least WERE had recently... Cooker: First, that is a great story, I can almost see the tears in the eyes of the merchant as he reluctantly handed you the bar of silver at the old price. I mean, he snoozed, so he lost -- what dealers HAVEN'T raised their prices because of the run-up in silver (or other noble metals) lately? That said, I have a story of my own, involving the U.S. Mint actually. At the very end of January, I was perusing the Mint's we
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Re: Platinum price/shortage

I am enjoying it... Well, a couple of things: 1. It makes me VERY glad that a few weeks ago (maybe a month), I was perusing the Mint's web site, and found a "leftover" 1oz Platinum Proof 2007 coin for $1,740.95 I believe. I grabbed it. In retrospect, I wish I bought more than one. It hasn't arrived, but I have my order confirmation, so...I am hoping they don't get ornery and try canceling my order. Either a couple days or maybe a week after I placed my order, the Mint increased the pri
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Dealers?

I have my doubts. I have to wonder about how great a dealer you had who is unable to sell a coin which: 1. Starts out as a MAXIMUM MINTAGE of 20,000 (Ok, let's be generous and say 40,000 -- 20,000 each Mint State and Proof). 2. Is graded by PCGS as MS69 (forgive me if you said yours was Proof 69). In "the trade," coins graded by either PCGS or NGC are considered easily moved commodities. 3. And which is .9999 Fine gold - and a full HALF OUNCE OF GOLD at that! 4. Not to mention tha
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To: THUDDOME, RE: Bald Eagle Sets

What NGC will and WON'T do with these sets. NGC Responded to this in the "ASK NGC" Message Board (and elsewhere) and their answer has been consistent, no special certification for the 2008 Bald Eagle Commemorative Coins (or the corresponding limited edition sets) http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=2128484&page=1#Post2128484 However, that doesn't preclude you (or me, or any of us) from submitting coins to NGC and getting coins done in a Multi
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I've had my NGC Surprises too

Some good, some bad. Some of my coins turn out surprisingly well, some are being turned around VERY quickly, some are just grading "average" or not too exciting. Here's where the fun comes in: Like many of you probably do, I submit multiple invoices to NGC in one box, to save shipping on the way there. When using the online form, I select that I want invoices returned to me when they're all completed, so that I save money on return shipping and insurance. Despite a thread on "Ask NGC
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Coin Vault - it wasn't a well kept secret

Gone but not? This was actually announced in January, though apparently not advertised on their shows. If it was in the mainstream news, why they would not make it known on the shows is beyond me, but whatever. http://www.knoxnews.com/news/2008/jan/08/shop-home-cease-broadcasting-march-about-200-jobs-/ I actually had bought from them before, when I could get prices right. There were odd things that were on their web site for instance that may not have made the show, that were bargains.
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New Mint Product? They don't even know for sure

And the Mint really DOES have some NOT SO BRIGHT people working the phones! Now, I had a bad experience recently buying some supplies from a "mint named" place, and the phone reps clearly had never collected coins before, nor used any of the supplies, and even told me so. Today though, after reading some posts here on the boards about the US Mint being unable to fulfill orders for several weeks due to "severe weather" in the area of their warehouse, I visited their web site to see for myself
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I wish I was as lucky as some of you

I feel like that guy with the raincloud who follows him around... 1st, the Mint sent my Platinum Eagle set a week earlier than they were supposed to, so I opened it innocently without even thinking about it - UGH! After all, it wasn't even supposed to be shipped until New Years' Eve, so why should I think twice about opening a package on 12/24? I returned it to the Mint, and was lucky enough to get a replacement set. I promptly submitted it, along with other coins (in the same box anyway)
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Fast or Slow? World coins...and curious ones at that....

World coins seem to be quicker than quick! For those of you interested in Australian coins, or bullion collectors, or State Quarter collectors, I'd like to share my images of these with you. With my last batch of coins, I submitted a number of invoices, at various tiers, including Modern, Modern Special, and World Modern. The World Modern, from receipt to getting images emailed to me, is about a week! Wowza! Now, technically, the status isn't finalized, and the coins don't appear to be
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Rough grading

Are they or aren't they? Tough that is. I read Johnson1's entry about his 2008 Silver Eagles and how he believes they may be under-graded, at 69 instead of 70. Here's the interesting part: There was a long string of postings in the Message Boards recently about how PCGS coins were "more valuable" than NGC coins because there were those who believed (I am not among them), that NGC just "hands out" 70 graded coins too readily, and that PCGS is the "tougher grader" and therefore that a PCGS
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RE: Art B (with open question to the group) 69* vs. 70

Art B made his posting a little while ago about the grades he got for his 2008 Proof Silver Eagles. He also made a couple comments that got me thinking. He first said of the 30 he had, he only submitted 24. Personally, with the potential for "Early Releases" designation, why not send the other six as well? Were they that bad? I ask because with my 2007 Proof Silver Eagles for instance, I submitted all that I had gotten, 15 I believe to start with, and as I recall, 12 or 13 of them came ba
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Re: "Finally"

The Mint's turnaround time... Don't you find it remarkable that while you waited from a November order until February to get 2007 coins, the Mint was busily pumping out 2008 coins? I mean, call me crazy, but shouldn't it be FIFO? First in, First out? Are we TOO logical to think in such rational means? That old orders should be processed before new ones? A radical notion I know, but what do we know about customer service, after all, the Mint transfers their role for the administration to
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I'm with Bruce

And busily keeping my small town post office in business! I have three or four invoices at NGC which have stayed in "Received" status for about a week, Modern, Modern Special and World Modern. But, instead of letting NGC deal with those, what do I do? I went to the post office in the sleet today, early, before it got too slippery, and submitted FIVE MORE invoices. A couple Modern Special, including my REPLACEMENT 10th Anniversary Platinum Eagles from the Mint, a Modern or two, and yet a
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To "Disheartened"

Is it that they were bodybagged, or is that they just didn't cross at an equivalent grade? My initial reaction to the earlier posting was that if your coins were bodybagged, that something must have been wrong with them, and that you at least did have the coins to make your set, small consolation that it was, and if they were cleaned, damaged, or what-have-you, could have NCS (NGC's sister "Conservation" company) conserve and encapsulate them for you. In reading your most recent entry, it al
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Aussie Lunars - To VUMC409

You can blame me for that -- at least partially. As you clearly learned, the Australians have started a SECOND Lunar Coin Series, starting over with the Year of the Mouse. I recently obtained my coin, and while I entered it in my personal database for insurance purposes, I wasn't able to enter it into my Registry Set. Thus, over the weekend, I contacted NGC about it. Since they were grading the coins, after all, I wondered when they might add the coins to the set. It was either that, or I
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To "Scared Stiff" - Insurance for coins, in transit and in general

This is for shipping as well as for your collections at home, or even in safe deposit boxes. You can check, but most homeowner insurance policies won't insure your coin collections, or will severely limit coverage on a coin collection to a couple of hundred dollars. (This seems like it's unrelated, but trust me, I'll get there.) Further, homeowners insurance companies MAY be willing to "schedule" your coin collection, similar to valuable jewelry items, but if you check, you may find the co
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We have a motion, we have a second -- I'm three - Motion carries!

I agree with Bruce and with Audrop. A clip below describes from NGC exactly what they say Journals are for. Well, let's examine this, shall we? 1. Share your collecting journey with other members. Ok, buying and selling is certainly part of that journey. Sometimes, that can have pitfalls, and others can learn from that. I for one am eternally grateful to have had the chance to have read what I did. 2. Share your experiences and thoughts. Again, I think rfar did that very well. He
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