POP report updated: Platinum changes $25 new King in MS70

clackamas · January 21, 2007 5:05PM

Numbers are for 69/70
21125 2006-W $10 Statue of Liberty MS 10 3
21121 2006-W $10 Statue of Liberty MS 386 188
21126 2006-W $25 Statue of Liberty MS 12 9
21122 2006-W $25 Statue of Liberty MS 347 151
21127 2006-W $50 Statue of Liberty MS 10 9
21123 2006-W $50 Statue of Liberty MS 291 208
21128 2006-W $100 Statue of Liberty MS 9 7
21124 2006-W $100 Statue of Liberty MS 470 252

LALASD4 · January 21, 2007 5:47PM

Too many $100, anyone want to get rid of some.

holeinone1972 · January 21, 2007 10:13PM

<< Too many $100, anyone want to get rid of some.

>>

Sure first $6 k takes mine.

raycyca · January 21, 2007 10:24PM

Why are there two lines for each coin? Is one line the First Strike? If so, which one? OR, are one of the lines for 20th Anniversary? Thanks! Ray

Bear · January 22, 2007 12:13AM

First line is for First Strike graded coins.

raycyca · January 22, 2007 12:27AM

Thnaks Bear. So that means there are only 21 First Strike $25 Plats? That's not very many, yet they are king, how come?

GAT · January 22, 2007 12:42AM

This first strike business will soon be discredited and laid to rest forever.

Kaelasdad · January 22, 2007 12:53AM

Looks like the second line is for 1st Strike labels, which makes sense--as quite a few were graded before the deadline. Not many have graded afterwards, and how many still have their late orders on backorder? Funny thing is the harder label may be the non-FS, but you can always get yours relabeled if you wanted to get rid of the FS I suppose.

kimon1230 · January 22, 2007 1:52AM

<< Looks like the second line is for 1st Strike labels, which makes sense--as quite a few were graded before the deadline. Not many have graded afterwards, and how many still have their late orders on backorder? Funny thing is the harder label may be the non-FS, but you can always get yours relabeled if you wanted to get rid of the FS I suppose. >>

I doubt that the harder one will be the non-FS label. Don't forget that many haven't yet received their plats yet and also, many are still en route or in queue to be graded.

aficionado · January 22, 2007 2:12AM

<< Too many $100, anyone want to get rid of some.

>>

With over 700 graded by PCGS and whatever amount at the other grading companies, it looks like about half the 1 oz'ers have been graded.

And the other half hasn't shipped yet.

COINB0Y · January 22, 2007 2:47AM

Out of 11,600 Coins for the 2006 W to be Graded, Total Number of Coins graded is ------> 3,806 (which includes NGC Pops)

Total % All Coins now Graded as of Jan.22, 2007 (including NGC Pops) of Entire Population -------> 32.81%

The Excel File is Located here--> Yahoo Platinum Group

COINB0Y · January 22, 2007 3:16AM

updated ABOVE WITH LINK

classiccoin · January 22, 2007 3:30AM

"With over 700 graded by PCGS and whatever amount at the other grading companies, it looks like about half the 1 oz'ers have been graded.

And the other half hasn't shipped yet."

sounds like good evidence they are mostly all in the hands of greedy newb speculators.. a bad sign

classiccoin · January 22, 2007 3:39AM

as soon as the second tier newb speculators say enough is enough and stop bidding on them all the present newb speculators will panic and you will see one half of the mintages listed on ebay overnight.. the last sellers will hopefully get enough to pay off their credit card bills.. never underestimate the power of a good newb panic selloff on ebay.. lolol

LALASD4 · January 22, 2007 3:42AM

That was what they said about Google.

flaminio · January 22, 2007 3:43AM

classiccoin · January 22, 2007 3:47AM

<< That was what they said about Google.

>>

i do not see the connection between google and a new issue bullion coin being hyped up by the visa card coin newbs

LALASD4 · January 22, 2007 3:52AM

Without hyped, there is no market for anything, except maybe for food and water.

Is a company that earn $3 worth $500 ? and people buy this on margin.

dthigpen · January 22, 2007 3:54AM

<< visa card coin newbs >>

This is a great term, and so true in many cases with these plat buyers. I just hope most had the sense to sell off what was needed immediately to pay back their creditors.

mrmom · January 22, 2007 3:57AM

"sounds like good evidence they are mostly all in the hands of greedy newb speculators.. a bad sign"

whether these are in the hands of speculators, flippers, wannabe collectors, bad collectors, whatever you call them, you can not deny the fact that these coins are one of the lowest mintages minted by the U.S. Mint in the recent history. There may be very small platinum collectors but enough collectors to warrant the 2004 proof set to be over 3 times issue price in just two years. And with the U.S. Mint's plan to issue 10th anniversary platinum set this year, the popularity of these series will grow more than likely and once the real mintage numbers are published, the potential of these coins are unlimited or very good at least IMHO.

David

tyler267 · January 22, 2007 4:04AM

classicoin,

I'd like to thank you for your informed opinion and concern; I'm a long time collector and former full time dealer who was involved in the silver rush of 1979 and 1980 and who remembers the $500 MS65 Classic Morgan Dollars, super high priced Classic Proof Type, and Classic Commems of 1989, ect...

I agree our hobby has a history of speculative bubbles that get very can ugly when they burst. But I do know that the history of coin market speculation is not limited to modern coins. I'm also pretty sure that most fields of collecting where there is a well defined after market experience these types of bubbles.

Edited to Add: I bought a fair number of the gold and plat 2006w's and I charged them on my credit card. I also paid the bill off as soon as it came in. I think that most of the people who ordered these in Nov/Dec and needed to sell them to pay bills have already done so(I'm glad they made some money). I think with the low mintages these coins will continue to do okay.

And by the way, I'm having alot of fun with these coins and all the activity and threads on the board, I don't care if the posters bought 1 1/10 oz on a credit card or 100 4pc sets for cash, I like to read what they have to say, this is fun.

notwilight · January 22, 2007 4:09AM

<< classicoin, I'd like to thank you for your informed opinion and concern; >>

I hope you're being sarcastic. He's just trolling for another flame war. Don't give it to him.

classiccoin · January 22, 2007 4:11AM

not trolling in the least.. just telling it like it is.. fact is most people dont care to hear it

notwilight · January 22, 2007 4:13AM

<< not trolling in the least.. just telling it like it is.. fact is most people dont care to hear it >>

When you refer to the owners/buyers/and sellers of these coins generically as various grades of "newbs" your comments are at best adversarial. You're not interested in these coins. Move on.

LALASD4 · January 22, 2007 4:14AM

not trolling in the least.. just telling it like it is.. fact is most people dont care to hear it

If it means anything, I agree with you on some points. I just like to take the other side of the argument sometimes.

tyler267 · January 22, 2007 4:15AM

<< 

<< classicoin, I'd like to thank you for your informed opinion and concern; >>

I hope you're being sarcastic. He's just trolling for another flame war. Don't give it to him. >>

I Know.

LALASD4 · January 22, 2007 4:16AM

flame on, I need something to read.

dthigpen · January 22, 2007 4:17AM

Again though, he makes a very good point about the 'visa card flippers', and given that some of the participants in the threads (including some of the most active ones) have expressed financial hardships here on the board in the past, I think the concern for them is very valid. I really hope they've already paid off their balances when it comes to these. tyler267 also brings up a great point with the old "MS65 Morgan" market.

classiccoin · January 22, 2007 4:23AM

"your comments are at best adversarial"

could it also be considered adversarial that a host of new members just joined at the exact same time as these new mint bullion products came out and they do nothing but start threads about the inane daily populations of these new coins and how much the current ebay price is on any given day.. maybe 99% of the members here could care less and consider that adversarial too.. sorry for the adversarial comments.. back to your flag holders now

Coinhog · January 22, 2007 4:24AM

<< not trolling in the least.. just telling it like it is.. fact is most people dont care to hear it >>

You don't know squat on "how it is". You are like the plat owners. You are just SPECULATING!!!! So sorry you didn't get any and missed out on the windfall.

Lets not forget that it is just bullion. Bullion is an investment vehicle. The nice thing about bullion investment is that they are shaped like coins, they look like coins and they are monetized by the US government. It is a great match for a coin collector that also likes to invest.

No risk, no reward. These babies have handsomely rewarded the people that had the means and kahonies to ante up. Double your money in less than a month. Lets see the classic coins do that for you.

notwilight · January 22, 2007 4:24AM

<< Again though, he makes a very good point about the 'visa card flippers', and given that some of the participants in the threads (including some of the most active ones) have expressed financial hardships here on the board in the past, I think the concern for them is very valid. I really hope they've already paid off their balances when it comes to these. >>

There are point to be made but you can tell from the post whether someone is trying to make an intelligent, well thought out post to look at both sides of the argument or start a war...I concluded it was the latter.

There is always room for caution, especially when there is a lot of posts that something is "going thru the roof". I have a lot of experience with this with stocks. I made and lost a fortune in the tech stock bubble.

As for these coins, we tend to overvalue our importance here on the forums. sure we talk them up, sure a lot of forum members bought and flipped them. But most of the purchases are coming from off of the boards--on ebay or in the established platinum collecter base (yes, there is one). The demand at this point seems to be real rather than speculation based.

--Jerry

itsnotjustme · January 22, 2007 4:24AM

I am a newb.

I bought 2006 silver, gold and platinum, so I must be a newb.

My collection also includes a couple classic coins too however.
Take a look.

COINB0Y · January 22, 2007 4:32AM

I only ask that when you want to compare the Plats to a bubble, please give me a comparable mintage data for the 'other' bubble coin.

Other then that, you actually need some evidence and real data to have any credibility on this topic.

We know you won't find anything unless you go to the 2004 Proofs (which is too Modern for you) and which no one can find or go back to 1915. Thus, we can conclude that your posts are just your opinion, and like butts, everyone has one.

I am also going to look around and try to contact some assignment editors at the WSJ, Washington Post, Chicago Times, the LA Times, SF Chronicle, and the NYT and let a real reporter in on the Plat Story.

If anyone has a brother, sister, cousin, old friend working at one of these papers, please PM to see if they can help.

dthigpen · January 22, 2007 4:33AM

<< I am also going to look around and try to contact some assignment editors at the WSJ, Washington Post, Chicago Times, the LA Times, SF Chronicle, and the NYT and let a real reporter in on the Plat Story.

If anyone has a brother, sister, cousin, old friend working at one of these papers, please PM to see if they can help. >>

Oh yeah, no hyping involved here.

I have contacts at the LA Times that have covered many stories for me, I'll actually forward them a link to this thread. Furthermore, if you go ahead and write a press release, I'll hand deliver it to an editor at the LA Times to do with as he sees appropriate.

BigE · January 22, 2007 4:35AM

<< I am a newb.

I bought 2006 silver, gold and platinum, so I must be a newb.

My collection also includes a couple classic coins too however.

Mee too Brian! Here is my latest setPan-Pacs--------------

---------BigE

LALASD4 · January 22, 2007 4:42AM

Each and every person has their own risk and tolerence level. For those people who thinks putting money in a fully insured bank checking account that earn 2% is risky, the platinums are not for them. Now for those daytraders, the platinums are not for them either, because their prices move too slow.

aficionado · January 22, 2007 4:43AM

I don't think a simple doubling of the price is a bubble.

LALASD4 · January 22, 2007 4:45AM

how about those housing bubles ? 400% gains in many markets.

classiccoin · January 22, 2007 4:46AM

"I am also going to look around and try to contact some assignment editors at the WSJ, Washington Post, Chicago Times, the LA Times, SF Chronicle, and the NYT and let a real reporter in on the Plat Story."

they will be all over this story like paint drying

jmski52 · January 22, 2007 4:58AM

as soon as the second tier newb speculators say enough is enough and stop bidding on them all the present newb speculators will panic and you will see one half of the mintages listed on ebay overnight.. the last sellers will hopefully get enough to pay off their credit card bills.. never underestimate the power of a good newb panic selloff on ebay.. lolol

I must qualify as one of his newb speculators, but shucks.......I had the funds in cash and I hit about 3 grand slams in a row. Now I am going to cash in. Not gonna apoligize for it, either. And I want to know what classiccoin specializes in, because I will make sure never to buy into that series. Just to make sure, maybe I will get my recommendations from Cladking.

COINB0Y · January 22, 2007 5:01AM

We shall see, won't we?

classiccoin · January 22, 2007 5:12AM

"I want to know what classiccoin specializes in, because I will make sure never to buy into that series."

my area of interest is pre 1840 large cents by major and minor variety

COINB0Y · January 22, 2007 5:21AM

my area of interest is pre 1840 large cents by major and minor variety

Yawn!

So you come over here to wake-up instead of drinking coffee, right?

COINB0Y · January 22, 2007 5:23AM

Now, don't you just get grated when someone does that to you?

.....Rips on your collection? Tells you that you are a fool collecting dumb ol' dirty pennies?

jmski52 · January 22, 2007 5:23AM

And I'm not going to be selling any of them, either. This is my nicest, but I have some others that are nice, too. I bought this from Tom Reynolds about 18 years ago. If my schedule works out, I might get to see Tom again in St. Louis in a few weeks.

MoneyCollector · January 22, 2007 5:38AM

<< "sounds like good evidence they are mostly all in the hands of greedy newb speculators.. a bad sign"

whether these are in the hands of speculators, flippers, wannabe collectors, bad collectors, whatever you call them, you can not deny the fact that these coins are one of the lowest mintages minted by the U.S. Mint in the recent history. There may be very small platinum collectors but enough collectors to warrant the 2004 proof set to be over 3 times issue price in just two years. And with the U.S. Mint's plan to issue 10th anniversary platinum set this year, the popularity of these series will grow more than likely and once the real mintage numbers are published, the potential of these coins are unlimited or very good at least IMHO.

David >>

Great post. A lot of posters seem to think these coins are held by "weak" hands who have to sell or creditors will be knocking or who will sell at the first sign of a dip causing the price to crash. Reality may be that there are a bunch of collectors who love these coins and are not looking to sell at any price, high or low.

planetsteve · January 22, 2007 5:40AM

Well, after several days of tapping the submission number link like a rat in a Skinner box, I've got my grades!

Call me relieved, maybe even pleased, but not thrilled:

1 1 11203288 21121 2006-W $10 Statue of Liberty-First Strike US MS69
1 2 11203289 21121 2006-W $10 Statue of Liberty-First Strike US MS69
1 3 11203297 21121 2006-W $10 Statue of Liberty-First Strike US MS69
2 1 11203290 21122 2006-W $25 Statue of Liberty-First Strike US MS69
2 2 11203291 21122 2006-W $25 Statue of Liberty-First Strike US MS69
2 3 11203292 21122 2006-W $25 Statue of Liberty-First Strike US MS69
3 1 11203293 21123 2006-W $50 Statue of Liberty-First Strike US MS69
3 2 11203294 21123 2006-W $50 Statue of Liberty-First Strike US MS69
3 3 11203299 21123 2006-W $50 Statue of Liberty-First Strike US MS69
4 1 11203295 21124 2006-W $100 Statue of Liberty-First Strike US MS69
4 2 11203296 21124 2006-W $100 Statue of Liberty-First Strike US MS69
4 3 11203301 21124 2006-W $100 Statue of Liberty-First Strike US MS69
5 1 11203298 21122 2006-W $25 Statue of Liberty-First Strike US MS70
6 1 11203300 21123 2006-W $50 Statue of Liberty-First Strike US MS70

I felt these were the best of 12 sets. I also feel these grades were fair, but for maybe one of the $10 coins. Looks like the last one (or two) will be longtime keepers, as well as a full set in the raw.

dthigpen · January 22, 2007 6:37AM

<< Now, don't you just get grated when someone does that to you?

.....Rips on your collection? Tells you that you are a fool collecting dumb ol' dirty pennies? >>

Not really, I also don't feel the need to justify my collecting desires and go out of my way to hype holed coins and dispute any disagreements individuals have with collecting them.

ericj96 · January 22, 2007 7:48AM

thigpin,

You like to run on to others about subjects thats its very obvious you have no objective data to back up your dribble.......just leave us alone. We will show you the same consideration.

ericj96

dthigpen · January 22, 2007 7:51AM

<< thigpin,

You like to run no to others about subjects thats its very obvious you have no objective data to back up your dribble.......just leave us alone. We will show you the same consideration.

ericj96 >>

You're getting quite defensive about this purchase, especially when I've never attacked the whole notion of buying platinum bullion, only expressed concern over others buying it on credit that can't afford to lose their investment.

(For the record, I bought 2 4 Coin Platinum Sets this year for my collection with no intention of flipping them)

jmski52 · January 22, 2007 7:55AM

Well, after several days of tapping the submission number link like a rat in a Skinner box, I've got my grades!

lol, I hadn't thought of it quite like that, but tell me, how long were you tapping away? I feel the same way right about now.

POP report updated: Platinum changes $25 new King in MS70

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