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Anyone buying the 2023 Platinum Proof Coin – Freedom of the Press on Thursday Feb. 23rd?
Goldbully
Posts: 16,862 ✭✭✭✭✭
Price TBA and this is the best image I could find.
I see no reason to even entertain this issue.
What are your thoughts?
Mintage Limit: 12,000
Product Limit: 12,000
Household Order Limit: None
2
Comments
Ugh. There have been some really beautiful designs in the past. This is not one of them, sadly. Even reversed proof can’t help this. This design choice would make sense on a state quarter, maybe.
I am thankful I collected the platinum series when I did, except for the pricing!
Ugly design
Lifestyles of the Oak Tree emblem, rejoice!
Uggo. Maybe it will appeal to people that like acorns.
No way. I don't like the coin one bit. And I'm sure the price will be outrageous!
ESTIMATE based on 2/21/23 PM London Pt Fix of $934.00 is $1,495.00.
London Fix Prices
Mint Pricing Table
Maybe I should buy one. Total mintage sold 1.
Yikes, that is so ugly - even the eagle is not well done. The oak leaves and acorns? IMHO not well done. Way too high a premium!
Well, just Love coins, period.
I am surprised that the Mint hasn't changed the grid pricing for Platinum. As aggressive as they have been with Silver, I would assume they would be as aggressive on Platinum as well.
Leaving a minimum of $330,000.00 on the table...
So, what's the connection between acorns and freedom of the press? Pass, price will be mint moon money.
Many successful BST transactions with dozens of board members, references on request.
I stopped buying these some time ago. Design wasnt doing it for me, and the price, and I think they stopped doing fractional coins. Too rich for my blood cholesterol.
I probably will purchase one-just not now. I have purchased all of mine on the secondary market for bullion related prices for '70's. I feel the Plats are a good value today as a contrarian bet, just not with the steep premium from the USM.
Guess platinum jumped a bit since your estimate, @MetroD.
https://catalog.usmint.gov/first-amendment-to-the-united-states-constitution-2023-platinum-proof-coin-freedom-of-the-press-23EJ.html?cgid=2023-product-schedule
Why just people??
BST references available on request
"Liberty bears fruit."
And then, we are shown acorns.
PASS
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I doubt many dealers will even buy this in quantity as it seriously looks pretty bad, and way overpriced. A graded PR69 if sent in after purchasing from the mint will be close to a $500 loss after grading.
Very depressing to me as I have collected them all, and just can't see any logical reason to continue.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Thanks for the update.
Is the Mint really expecting to sell many of these with a 61% premium? Platinum is only $959.
May be the new key to the series. LOL.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Source: https://catalog.usmint.gov/first-amendment-to-the-united-states-constitution-2023-platinum-proof-coin-freedom-of-the-press-23EJ.html
2021 - a seedling and an acorn;
2022 - a branch from a juvenile oak tree;
2023 - a mature oak tree with acorns.
If anyone is interested, here are the various proposed designs for the 2021 - 2025 series.
Every year I buy a couple of platinum proof $100 Eagles. Some 70's , some 69's. I've probably paid $300-600 premiums over the years for proofs. On non proofs I've paid $100 over melt. Platinum is so unloved (perhaps not a great use case), that I look at 8000-12000 coins per year minted ($100) and I dream that one day the collecting world will find it. I just hope to be around when that day comes.
@jkrk Good luck on that
Martin
Good on you, jkrk.
Fight the power.
Not one I will buy... One I would consider, they likely will never produce... the Second Amendment would be a great coin... And it would sell very well... but they will not make one. Cheers, RickO
one hour before launch..
data-available = 6,200
That's your starting point
Shouldn't it be 12,000?
Only $1545.00. Very excellent deal 😁
🎶 shout shout, let it all out 🎶
The Mint will not produce 12,000 coins as long as there is still over 3,000 of the 2018 coins available...
I had no idea. 3,000 five year old coins still on the shelf, I would think it's melt time.
The Mint has sold a total of 55 2018 coins in CY2023. The Mint sold a total of 712 2018 coins in CY2022.
As long as they are selling as well as they are, the Mint will keep them on the website...
857 sold at the 15 minute mark.
Sales are really slowing down now.
Amazing how people complain about $100 over spot at the LCS but buy this at $600 over.
RIP Mom- 1932-2012
As of 6:00pm EST 2113 coins sold.
As of 10:15am EST...2,738 coins sold.
Keep in mind that we don’t know how many coins were sold through the Authorized Bulk Purchaser Program…
Has anybody here bought this coin yet? Doesn't seem to be much of a demand around here.
FWIW, APMEX is reporting:
Source: https://www.apmex.com/product/271190/2023-w-proof-platinum-eagle-pr-70-pcgs-advance-release-black
Excellent information. Thanks...
Allocation was apparently 2500. Sales will tell if the various distributors actually purchased and took delivery of their allocation.
Despite the wording on the APMEX website, I thought that this might be the case.
Thanks for pointing it out.
Look forward to the next sales report.
Edited.
Yes, there looking for you
Part of my frustration with the pricing and buying these direct from the Mint is that the past several years, mine have had small flaws and returns take too much time and effort. I continue to believe that eventually platinum metal pricing will improve to reflect its scarcity and use in hydrogen fuel cells.
This coin will probably have total sales similar to 2020, 2021, and 2022, at around 10,000. After looking at the nice links that @MetroD provided, there was some rationale for the design selection. It could have been this version
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Whoa, she looks to have the attitude of a "good government worker"....LOL
That design is worse than the current one....
I liked the ?2016 flying liberty one they stole from the Italian 20c design....
Well, just Love coins, period.
Those must be government classified documents that are flying around
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Wait, is that a man or a woman? Kind of hard to tell - is that a smock frock or a dress? And that hair? Is that a woman's hairstyle or a man from the early 90's??
I guess these days, one could go either way!
BST references available on request
That is the point of the design. Even the fonts are diverse.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
🐿️
Assuming the weekly cumulative sales figures capture info through 11:59 PM (ET) on Sunday, the following should be relevant.
At 11:59 PM (ET) on 02/26/23, the Mint website showed the following for 23EJ:
Source
Website Sales:
Start - End = Sales
6,200 - 3,217 = 2,983
Unless I missed something, the balance of the pending W/E 02/26/23 numbers should be attributable to the ABPP.
The artists need the PC shackles removed to enable decent designs that will sell, and people will wish to purchase ala the Weinman SLH and Mercury dime, ASG ten and twenty dollar gold, McNeil SLQ, the Peace dollar, Buffalo nickels, Indian two and a half and five dollar gold. Designs over 100 years old that USM is replicating today. Almost all current and commems in the USA are an embarrassment today in comparison to most issued by other countries. Small wonder why sales have fallen off the cliff.
What a complete Blowout sales number:
2023 AM EAGLE PLATINUM PROOF 1 OZ 9,620
Obviously the Authorized Bulk Purchasers got More than APMEX indicated...