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2008-w 1/4 ounce Gold Eagle
I've read that these are the lowest mintage eagles ever made regardless of size. Seems like a no brainer as far as future value goes.
I picked one up the other day using cashback and a coupon ebay sent me. It was still a bit pricey, but i'm thinking these may turn out to be the key in the series. I think I read that the mintage calculated on these so far is about 9,200 coins. Has anybody else picked up one of these? |
Re: 2008-w 1/4 ounce Gold Eagle
The only mintage amounts I have seen comes from Numismaster, their March 18, 2009 issue found at http://numismaster.com/ta/numis/Arti...ArticleId=6331, where they claim the mintage for the 1/4 ozers is as you have stated, 9,200. But the mintage they claim for the 1/2 ozers is 8,375.
Either coin is going to be a winner. I also like the 2008 W Gold Buffalo. It's mintage comes in at 9,427 but the solo option is only 3,124 while the 4 coin set is 6,303. In other words, it is the lowest solo option coin there is. |
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that's about what I paid after the discounts I had. Considering 1/4 ounce buffalos go for about $800 and have double the mintage numbers, these can be had a relative bargain at the present time. |
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Good point, I had forgotten about those.
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I have less than an ounce of gold, but I have one of those by sheer luck. Paid 170 for it too. perfectly spotless even under magnifying glass.
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The 1/4 oz. '08-W is unequivocally the key to the regular-issue series of gold Eagles. It may be the key to the entire series, may not, because we may never know how many '99 1/10 and 1/4 oz. error coins (proofs struck on bullion blanks) there are. Many think there at least 6000 of those but as many as 12,000 possibly. There are no official mintage figures from the mint but PCGS and NGC have graded a couple thousand of them, so it's open to speculation.
In any case if someone tells you the error coins are the keys ask them to show you mintage. They can't yet and so going strictly by what is known and published, the '08-W 1/4 is the key. |
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In terms of absolute rarity there are some platinum eagle issues at the very top of the heap. The '08-W 1/2 oz. had a single mintage of about 1,250 and when you add the sets the number is like 3,500. The '06-W's are rarer still and many recent platinum proofs have sub-5,000 mintage. Seems the mint has zero inclination to mint platinum at all for '09. If the platinum eagle series is put to rest, there are some deep-seated keys out there for the long term.
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Re: 2008-w 1/4 ounce Gold Eagle
These are the last 2008'w that any one can pick up before it gets too far out of hand the same way that the 2008-W Buff's went. Get them before ppl catch wind! You heard it first...heheheheh. Also remember that the mintage of the 1/10th Proofs is the lowest this year EVER. The UNC 1/10th oz are equally as scarce. They're still cheap on fleaBay. I've been busy what I can of these as I know by the end of the year, the prices will become ridiculous.
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I've got two of the 2008-W 1/4 oz coins, graded MS70, and one still in the box as it came from the Mint.
I'm really tempted to pick up a couple more - but it seems like such a crap shoot as to whether they'll see the kind of appreciation that the Buffalo coins from last year have seen that I hesitate to do it. If only Cashback were back to 20-30%, I wouldn't be hesitating. |
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The question to ask is if the coin in question seems "safe" as remaining the key to the series.
The silver eagle is very widely collected, w/ hundreds of millions total minted & still existing. The key is the 1995-W Proof, mintage about 30,000. The next closest regular-issue ASE is 250,000. The '08-W reverse of '07 is considered a variety and 47,000 were minted. So the '95-W is a pretty deep-seated key there, and look what they fetch. Now the '08-W 1/4 AGE doesn't have that kind of relative rarity within the series and it's difficult to imagine that any AGE will ever, but nevertheless, its 9200 mintage sets a pretty low bar. Also I think the sub-10,000 status is pretty significant in that it's one of only 9 or 10 type coins minted since 1915 below that #, it's the only AGE that is, and the other moderns below 10k are esoteric commems, many w/ crap designs. |
Re: 2008-w 1/4 ounce Gold Eagle
To date there are nearly 200 coins in the Gold Eagle series, across all designs and denominations. (I am not including the 1999 'error' 1/10 & 1/4 oz. W - mintmark coins struck on unfinished proof dies as there are still no published mintages for those).
Here are the 10 lowest mintage Gold Eagles: 1. 2008-W Unc. 1/4 oz.- 8883 2. 2006-W Reverse Proof 1 -oz. - 9996 3. 2007-W Unc. 1/2 oz.- 11,455 4. 2008-W Unc. 1 oz. - 11,908 5. 2008-W Unc. 1/10 oz. - 12,657 6. 2007-W Unc. 1/4 oz. - 12,766 7. 2006-W Unc. 1/2 oz. - 15,164 8. 2006-W Unc. 1/4 oz. - 15,188 9. 2008-W Unc. 1/2 oz. - 15,682 10. 2007-W Unc. 1 oz. - 18,606 11. 2008-W Proof 1/2 oz. - 18,877 |
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seems like the 2008 w gold eagle 1 oz coin in original box doesnt come up for sale often on ebay...i've been watching.
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All of these 06,07,08 burnished will become more and more expensive imho as they "find stronger hands", as hernacortes would say. Best investment in PMs I have made so far has been 07,08 burnished Ws in AU and PT. |
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The pricing for the $25 1/2 oz. is unbelievable. They've been going for $1450 and up on ebay for weeks now. My associate bought a whopping quantity of them last year just before they went off sale at the mint, when the mint #'s indicated they were the ones to get.
Problem was he forgot to include all the 1/2 oz'ers included in the Double Prosperity Sets. The 1/2 ozer in fact turned out to be a higher mintage that either the 06 or 07. OOOps, right? Not really, as he just sold all of his for almost triple his buy price. Someone out there is bidding up this coin, I just do not get it. Greysheet confirms the prices. |
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In one of your other post a while back you talked about converting your 1/2 08 Ws for lower priced 07s. I think in the long run this is a good move as the 07s aren't as high priced. It does seem in just the past 2 weeks though people have caught on about 07 W 1/2s and prices have moved up considerably. I did not have the funds to get one but prior I had already picked up a few of the 07 W 1/4s for a good price. I did the same thing your friend did only with 08 1/2 Buffs on a smaller scale. You pointed out the correct mintage to me with the prosperity sets. Even at the price I paid last year they have continued to do well and I don't regret the purchase. Long term I see them only increasing if the mint doesn't start producing frac buffs again or burnished fracs. I'm more limited financially than you but have been able to purchase multiples so that if I decide to sell some it won't be so hard. Your posts have been a great help to me, thanks. |
Re: 2008-w 1/4 ounce Gold Eagle
I would think the buffalo half of the pros. set is unquestionably superior to the 1/2 oz. eagle, with it being a 1-year type coin. But pricing doesn't reflect that yet.
Perhaps years in the future the mint will do bullion (non-w) versions of the frac buffs, but if they do the mintages will blow well past the low #'s set in '08. I only bring up that possibility because thats the only version of buff fracs the mint hasn't ruled out producing. Friend, look me up later to see if I was wrong, but when Redbook next fall publishes the #'s for '06-'08 proof and unc-w eagles and buffs, you'll see pricing spike anew. |
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