Do you look at a coin's mintage? and pop? and grade? and popularity?, and metal value?, and other ma
RegistryCoin
Posts: 5,117 ✭✭✭✭
RegistryCoin
Posts: 5,117 ✭✭✭✭
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Gotta admit, that description is one if the biggest piles of BS I have read on ebay. Rivals most of those posted on the US forum.
Ps. I think it is one of the most informative descriptions I have seen on ebay.
Interestingly, teletrade does classify these Platinum coins as "Platinum Commems".
I am personally a big fan of these coins, especially when one considers what a 1995W Silver Eagle Bullion coin with a Mintage of over 30,000 might sell for in perfect PR70DCAM grade. This "bullion" coin has about 1/5 the mintage of the 95W Silver Eagle!
IMHO, narrow minded numismatists throughout history have tried to classify some coins as "not worthy" for one reason or another - some silver Commems such as Isabella's, BTW's and WC's for example or even pattern coins for that matter. But, I have personally seen that the US coins that eventually find there way in the REDBOOK for example seem to share some degree of popularity throughout time, as I am confident these most beautiful Platinum coins will as well.
Incidently, at this moment, PCGS has graded 3,076 $100 Platinum MS coins in MS69 and 7 in MS70 for all dates. Overall, less than 1/4 of 1% have thus far been graded "perfect" by PCGS (not even counting the grades beneath MS69). The MS69 coins trade around $1000/coin so, basically, more than $3,000,000 worth of MS69 platinum coins have been submitted thus far to obtain the -7- perfect MS70 coins that exist. Yes, I am personally a "fan" of these $100 Platinum MS70 coins. But, they may not be what someone else might like - to each his own in the field of numismatics.
Wondercoin
Now it is a separate issue as to whether it is worth the premium for an MS70 piece compared to an MS69. However, that issue has been discussed many times on this forum, and I will not raise it again here.
Greg
Greg: Come on - that line is getting old already
BTW, Greg I find it interesting that the ratio between MS69 and MS70 in the case of MS70 Platinum is often between 2:1 - 10:1. Far cry from the 100:1 or 200:1 you often see with other coins. I agree with you that we are probably years away from the potential popularity of these platinum coins.
Wondercoin
"It is rumored that the entire mintage on this issue was a mere 7,500 coins..."
No rumor:
Link to 2003 Platinum production figures
I'd imagine if someone put together a full set of these, in each of the various sizes (weights) in PR69DCAM (with a possible PR70 sprinkled in for good measure) they can't go too wrong both numismatically and financially.
If you get too many Collectors looking at the series seriously prices can only then go one way.
Could be wrong. Although, I highly doubt it.
I appreciate your opinion. However, could you explain the logic behind your views. How do you respond to the low mintage arguement? Even if most are 68 - 70 in grade, there are still only 7,500 possible examples. That is hardly enough if the series were to become popular. These coins are not like modern proofs, they are very limited in numbers. Perhaps you are saying that the series will never become a popular numismatic collectable. Why do you think that is true? Suppose that at some point we stop minting platinum bullion. Couldn't these issues in 50 or 75 years be extemely popular (like classic commems are today). Saints must have been common as water (much more so than platinum coins) in the 20's. Who would have guessed the demand 75 years later. Value is determined by rarity, condition, and demand. While the jury on demand is not yet decided, seems like the other two are satisfied. Awaiting your response.
I would seriously like your views. I own a small group of bullion/modern commem pieces, and consider them as having good potential. However, as a fellow Lib 5c collector, I would value your analysis.
Cheers
Greg
big$$ for coins that are virtually identical. Saints??? At least some got to circulation, and most have bagmarks,
so finding pristine condition is a challenge.
Here I go again, this will get me in trouble, but here goes:
When the mint started creating all of this "specialty" stuff, all it does is contribute to the logjam at PCGS, because
you have dealers who buy these in boxcar loads, send 100's at a time for certification, and longer turnaround
times are a result. How would you like to sit at a table and grade THOUSANDS of the SAME thing every day; and
we wonder why grading is inconsistent?
When I am king of the world (Director of the mint) I will:
Strike up a deal w/PCGS: no coins will be released until I have sent them the entire production run; then I
will be able to sell these at big $$$ direct. This is my solution to pay down the debt!
I'd imagine if someone put together a full set of these, in each of the various sizes (weights) in PR69DCAM (with a possible PR70 sprinkled in for good measure) they can't go too wrong both numismatically and financially. If you get too many Collectors looking at the series seriously prices can only then go one way. Could be wrong. Although, I highly doubt it.
Pat: It's all about "thinking outside the box" in the field of numismatics - who has the vision and who doesn't. Incidently, I have already received an offer for the coin in excess of $7,000 from an "ask seller a question" email to me from a party in Asia. I do not ship Internationally at this time. But, my point is THESE PLATINUM COINS MAY ALSO HAVE INTERNATIONAL APPEAL. THIS IS A BIG WORLD WHEN YOU ARE TALKING ABOUT A MINTAGE OF 7,500 COINS!
Wondercoin
Flykite: Perhaps you did not read my ebay offering. These $100 MS Platinum coins come marked up and are exceeding difficult to locate virtually perfect.
Wondercoin
P.S. Steve - Thanks for the mintage chart. Very interesting that the mint produced 138,500 1998 $100 MS Plats. and that mintage figure fell to just 7,500 coins for year 2003. Remember where you heard it first
At some point, I could easily see 7,500 or more people collecting these. Check out the proofs as well. The $25 and $50 denominations have low mintages. They really are attractive, and they have different reverses. The only downside in my mind is the current high price of platinum. If platinum returns to lower levels I believe these will be a screaming bargain. I had a nice set of $25 in 69DCAM. I sold them a few months ago. Should have held, but who knew. Looking forward to replacing the set, but it might be a long wait until platinum returns to the $600 level where I would be a buyer.
Greg
Wondercoin
ps. Do the research. It's fun... or just read the ebay description mentioned previously. It tells all one needs to know.
That is what is great with this hobby - everyone can collect what they desire and have the same passion than the next guy who collects something completely different.
Around (5) years ago, Steve built up the #1 set of MS Jeffs, #1 set of MS Kennedys, #1 set of Roosies, and on and on and on (even a killer set of CA Fractional Gold!). There was virtually no interest in those Registry series at the time (no set even existed for CA gold), just like there is virtually no interest in these Platinum collections at this time. Some enjoy collecting what is immensely popular at the time (like MS Lincolns today), while some enjoy collecting what isn't so popular today (like MS Lincolns 7 years ago). While the future for these "platinum Commems" looks bright to myself and Steve, the key is to just have fun. And, who knows, maybe a few folks will take notice to a coin with a mintage of 7,500 a few years down the road.
Wondercoin
ps. Mintage of Grant with Star is 4,256 (w/o 67,405)
Have full collection of those platinum eagles, Mitch, first year forward, all denominations.
Plan to continue to add.
Nice.
RR
Yes, the platinum coins are very neat. The rising price of platinum appears to have greatly affected mintage levels over the past couple years. Many scarce and rare coins throughout numismatics have been created sort of "by accident" and go largely unoticed until years later. I am not saying the 03 $100 MS Platinum is one of those coins, but, that it is simply an interesting coin, especially as it sells for less than $100 over melt in MS69 grade right now!!
Wondercoin
Curious, Please Help. To each his own but I just don't understand the logic.
Ken
Ken: The 95W Silver Eagle in PR70 sold for MULTIPLES of this price due to its 30,000+ "low" mintage. Heck, the coin sells at near $3,000 in PR69 grade!!!!! Think about that...
Patterns are just patterns, hobo nickels are just hobo nickels, Ca gold is just Ca gold, pretty toned Commems are just pretty color coins, and so on and so forth.
Wondercoin
Thanks.
Ken
The 1/10th oz is the prettiest little "silver" coin since the '45 dime!
Ken, watch were you are stepping. This is a serious TV like BS thread. You may get dirty stepping here.
"Pay less than you think it is worth. Platinum has no real value except in catalytic converters. The market is for fools, and if you invest in platinum for the reason of speculation, then you are too a fool."
Wondercoin
P.S. I don't need to resort to name-calling and can maintain self-control.
to others and they might be passionate about them. It's curious the arguments that are used against
the "wisdom" of collecting various coins. To many people today's circulating coinage is uncollectible for
one reason or another. Yet this is US currency and has been used for decades. It differs in no appreciable
ways from small denomination coins from our past. Yet much of the coin collecting community seems to be
passionate about NOT collecting it.
There are many aspects of the existence of any coin which can make it desirable to collectors. Certainly
it can't require too much imagination to figure why some might appreciate a scarce, heavy, platinum, beaut-
iful coin in high grade. To each his own.
Wondercoin
Don't forget that there was absolutely nothing special or uncommon about those Merc's you referenced at the time they were issued.
The $7,000 price combines two distinct issues. First, is high grade platinum (say MS69 or PR69DCAM) a good value. I argue that it might well be. The second issue concerns whether it is worth the large premium for an MS70 compared to an MS69 (probably about $6k for a $100 denomination piece). That is the same issue about any coin graded 70 vs an example graded 69. We have discussed the issue many times on this Board. It is fair to say there are different opinions and viewpoints. I am not commenting here on that issue. However, don't let the 69/70 issue cloud the issue of whether platinum pieces are good value in the more common grades.
Greg
Paying premium money for modern coinage or bullion coins is understandable when trying to obtain superior examples and I can see why a person might pay these prices. I would not do it and in fact for the most part will not pay big prices for the later date coins I collect in my series because I still think there is not enough history to support some of the prices. Many more examples are still out there for a TPG opinion.
I sure wish I could be around to eat my words or gloat about saying I told you so fifty years from now.Eating or gloating will be left to the YN's of today.
Ken