2005 American Eagle Platinum Proof Set....

jetmek03052

Hello all,

Novice collector here. My last post (months and months ago) explained how in 1995, I decided to spend some extra cash on the 5 Coin 1995W anniversary Eagle set.....the one with the Silver Dollar. I did buy it and obviously lucked out with the price appreciation.

Today, I received a flyer from the U.S. Mint with the above referenced Platinum set. It is a four coin set, having the 1/10 Oz through the 1 Oz. coins in it. In the description of the set, it lists the "Maximum Mintage" of the coins as 14,000 for the 1 oz., 13, 000 for the 1/2 oz., 15,000 for the 1/4 oz., and 20,000 for the 1/10 oz. coins. It also has a column marked "Product Limit". It lists those as 4,000, 3,000, 5,000 and 10,000 for each of the coins respectively, with the 4 coin set listed as having a 10,000 product limit.

My questions for the board;

1. Doesn't this seem like incredibly low maximum mintage for these coins? I can only imgaine that the price of the set is why they keep the mintage so low....

2. If these mintage numbers are true how can it be anything but a certainty that this set will experience a sizeable increase in value, say in ten years?

3. What does the "product limit" column mean?

The price of the set is $2,495 by the way.

I recently bought a "Blacks" coin book and it doesn't even list Platinum sets in there, although I do remember seeing them sold in the past.

Thanks in advance for any informed opinions

ddbird

This years mintage is abnormally low for the series. IMO if you have the money it would be a decent buy. Im not sure on the price increase as platinum is a whole different ball game. Essentially, IMO, theres only so much people will pay for modern coins, even if they are terribly rare.

jetmek03052

Thanks very much for the opinion!

RalphP13

<<1. Doesn't this seem like incredibly low maximum mintage for these coins?...>>

I thought so. That's why I bought a 1/2 oz.

<<2. If these mintage numbers are true how can it be anything but a certainty that this set will experience a sizeable increase in value, say in ten years?>>

Nothing is certain! (Death and taxes excluded) But yet, I did get one.

<<3. What does the "product limit" column mean?>>

When I read it, I got theimmpression that the "product limit" refers to a maximum number you can order at a time.
Seems like those are mighty large numbers for a "maximum order" but I'm open to other ideas.



Ralph

SlangNRox

is the product limit the maximum of the individual coins that will be for sale?
So there can be 10,000 of the 4 coin sets sold, plus whatever the individual product limits are for the single coins/

kiyote

<< <i>

My questions for the board;

1. Doesn't this seem like incredibly low maximum mintage for these coins? I can only imgaine that the price of the set is why they keep the mintage so low....
>>



No, what will seem incredibly low is when the final numbers come out and the coins end up all have fell well short of the maximum mintages-- then you'll really be happy with the set.

Sure, it seems like a no-brainer, but who has $2500 laying around? I have the half ounce and I had to sell one of my spleens to get it.

BigE

So in theory, two people could buy the entire mintage for one of the coins------------------BigE

tincup

I also was confused by the different limits listed as "maximum mintage" and "product limit" but have just figured out what they mean.

The "Maximum Mintage" is the TOTAL max mintage limit; no more than this number will be minted. The "Product Limit" is the maximum number allowed for that OPTION. Thus, the one ounce max mintage is 14,000; the Product Limit for the single one ounce coin is 4,000 coins and the product limit for the 4 coin set is 10,000; thus the total number of one ounce coins for all allowable options will add up to the Max Mintage of 14,000.

But just because the max mintage is listed as a certain number does not mean there will be that many minted!! I think they mint these off and on during the year; and only as many at a time as it looks like may be needed for selling. Thus, actual mintages may end up much lower than the allowable amounts!!

I have always thought this was an interesting series..... very expensive.... but low mintage and neat looking reverses!!

BillJones

It’s been my experience that most U.S. platinum coins get most of their value from their metal content. Very few collectors are buying these pieces as numismatic items. I’ve had a couple of them on consignment from collectors, and I found that they did not sell very well when the price was much over melt, despite what the guide books said.

kiyote

<< <i>It’s been my experience that most U.S. platinum coins get most of their value from their metal content. Very few collectors are buying these pieces as numismatic items. I’ve had a couple of them on consignment from collectors, and I found that they did not sell very well when the price was much over melt, despite what the guide books said. >>



I'm hoping that stays the case for the next 3 years while I get all of the backdates!

partagas

My thoughts on the platinum series is they are rare. But they won't be appreciated until about 50 to 75 or so years. Right now there is a ready supply of these coins available. But let them get dispearsed in the population, forgot about and then you have a decrease in supply. Not to mention some will get lost or be damaged over time.
Then those who bought and helds great grand children will reap some fat rewards.

Kind of like the commemorative halfs. Some people valued them so little when they first where issued they spent them. Today people pay nice premiums for the well preserved.

Just my thoughts on the topic.

fishcooker

2. If these mintage numbers are true how can it be anything but a certainty that this set will experience a sizeable increase in value, say in ten years?

For one thing, everybody who's been to the mint website knows about proof platinum eagles. There's no big secret involved! So the key question is not "How much will they rise?" but rather "Why do experienced collectors not purchase these directly from the mint?"

jetmek03052

Thanks everyone. I have decided to buy the four coin set.

Again, probably a stupid question but....will the set not be sold after a certain time (say end of the year)? I would like to get the set after X-mas but I'm afraid I will be shut out if the mint decides to end the promotion and melt the rest of the series.

SlangNRox

I think sales for the 2004 PAE ended around april or may, but they also started selling them later in the year compared to this year.

I'm also considering buying the 4 coin set. Just need to check my finances again before i do so.