Why aren't you going to buy a proof platinum coin?

kiyote

The sales are so dismal I'm assuming most forum memebers here aren't buying any. What's some of your reasons?

Dabigkahuna

Since I know that I will be buying some, I guess there is no spot for me in the poll?


Weren't' the $10 Proof Plats $210.00 last year?


Larry
Dabigkahuna

mirabela

For the price of the little one or a couple dozen bucks more, I could have a 1947 PDS set of BTW halves in gem unc.
For the price of the next one up, maybe I could get my bomber trade dollar.
For the price of the half ounce, could be I could land a Flowing Hair half dollar in problem-free Good.
And the big one? I haven't even looked at what they want for it, but I'd imagine they want enough bread I could buy a CC $20 Lib in AU.

A guy has only got so much money, and there are an awful lot of fascinating, historic, scarce & old things from which to choose.

RegistryCoin

<< <i>Too darned pricy! $210 for a tenth oz!? >>

As a percentage play, go for the $100/1oz.


<< <i>...it would take too long to catch up on backdates. >>

What's the rush?


<< <i>Modern widgets, the lot of them! >>

Probably the best looking widget out there.


<< <i>I don't care for the designs. >>

...must be kidding.


<< <i>I have no interest--they don't fit anywhere in my collection. >>

Perhaps a reasonable answer.


<< <i>I can get them cheaper on eBay in a few years. >>

I wouldn't bet in it.

DennisH

Confession time: I thought this thread title was leading up to a "knock-knock" joke.

CarlWohlforth

Uh, no vote. Where's "Other, these aren't coins because I can't buy 7-UP with them" ? Or, maybe, "Just show me the results" ?

fishcooker

No because the one I can halfway afford is so small I can't see it.

kiyote

<< <i>Since I know that I will be buying some, I guess there is no spot for me in the poll?


Weren't' the $10 Proof Plats $210.00 last year?

Larry
Dabigkahuna
>>



I updated the poll for you! And you're right.. no telling what they'll be this year.. I'm guessing $230.00

SlangNRox

I"ll be getting my $50 pcgs pr69 this year if i can find someone to buy it from.

The only one that Im waiting to buy cheaper in a few years on ebay is the 2004. I think I will be dead before that happens, but maybe I can luck into a cheap buy it now

Baley

I have a $100 coin as an example of the type. A very pretty MS "reverse proof" dated 2000.

I will probably pick up a few more lower denoms and proof for examples, but will not attemt to complete any sets.

291fifth

I just don't care about them.

ILikeMercs

I picked up a couple $10 proof plats for$150(a while back) to flip.......like Carl said, ya can't buy anything with em, so flip em.............

Gemini

Where would I put It???.........................on second thought don't answer that.

MrKelso

I buy them.

XpipedreamR

I don't care for the designs. The reverses are OK, but I think the obverses are butt ugly. For the money, I'd just rather have something else. If I were going to buy more platinum, I'd look to Canada.

TheRaven

I will continue with my collection of 1/10 oz coins (2001-2005 currently).....

This is all I can afford so I go with that.....

Seem like a good purchase to me that I feel will only get better with time.....

TorinoCobra71

To Darned Pricey!

TorinoCobra71

OKbustchaser

Because the U.S. does not make a platinum coin to buy. They make bullion rounds in which I have no interest.

TwoSides2aCoin

I'll try to get one or two this year.... mostly for speculatory reasons.

Some of the reasons don't make sense here.

How much was that old TUCKER car when it was new and only how many got sold ? less than a thousand ?
Okay, someone do the math on the 1995 W silver eagle.

The lower the amount ordered...........the higher it's potential value, later.

Knocking will rarely open up a closed mind !

ttown

There just isn't enough upside in them Here's the only one I lack in the 1/10 ounce series in both UNC's and Proofs.

1/10 Platinum

kiyote

TTown, that has to be the worst picture ever!

DIMEMAN

Who wants to spend money on that junk when you can buy some nice classic coins????????????????????????????????????????????????

TheRaven

$1,220 for a 1/10 oz proof platinum




That was a good purchase from the mint I guess

aficionado

<< <i>$1,220 for a 1/10 oz proof platinum




That was a good purchase from the mint I guess >>



At that rate the 1 oz should go for about $12,000

RegistryCoin

Whether some would like to accept the fact that THERE IS NUMISMATIC VALUE IN THE PLATS., or not, the prices of the plats reflect the supply and demand for these coins.

OKbustchaser

<< <i>Whether some would like to accept the fact that THERE IS NUMISMATIC VALUE IN THE PLATS., or not, the prices of the plats reflect the supply and demand for these coins. >>



I never stated that there was no numismatic value in bullion rounds, merely that they are not coins and therefore do not fullfill the requirements of the stated question. There is numismatic value in many non-coin items.

RegistryCoin

Thank you, I understand your input.

TheRaven

How can you say they are coins..... I could take my coin and go and buy a 12 pack with it tonight, stupid for sure, but could do it.....

Is it legal tender just like a dime or quarter is.....

RegistryCoin

<< <i>Is it legal tender just like a dime or quarter is..... >>


Agreed. It is a self imposed blindness that causes one to disregard the plats as numismatic coins. It could be due to the fact that some, like me, have touted, recommended these coins as beautiful, fun to collect, perhaps a solid investment, ergo, "numismatic" in any sense of the word.

flaminio

<< <i>Is it legal tender just like a dime or quarter is..... >>

Technically, yes. You can spend them, if you like. If I had Gatesian wealth, I probably would just for kicks.

Since they are monetized by the United States, they are coins, despite what OKbustchaser wishes to believe.

But too rich for my wallet ...

2manycoins2fewfunds

It may be worth remembering that a man buying a $20 gold proof from the mint in 1915 was paying around 125x the then common hourly wage of $0.16/hr. That would put price of current Platinum Proof adjusted for wage inflation not far off 125 x $10/hr current rate.

For all of us who bemoan our grandparents for not buying Gold proofs in 1915 its something to consider when we complain about price of Platinum Proofs!

INXS

Anyone hear of a release date on these the mint says March/April? Anyone know of a concrete date?

FullStrike

When all the Johnny-come-lately speculators realize the 2006 coins were over-ordered and they ain't worth even as much as they paid for em - they'll all dump at once and I'll be able to bargain shop on dabay.

Meanwhile I'll put my money elsewhere. And I ain't tellin where.

kiyote

OKBustChaser, if the platinum tenth oz unc coins had a $200 face value and circulated, would you consider them coins?

Gemineye

Not a metal for me....I'd spend $210 on a Sackie though.........................

UncleWiggly

Because I would rather buy platinum from Kitco.



Jerry

kiyote

<< <i>Because I would rather buy platinum from Kitco.


Jerry >>




It is a terrible way to own just the physical metal, but I think that's what makes them so unpopular!

OKbustchaser

<< <i>OKBustChaser, if the platinum tenth oz unc coins had a $200 face value and circulated, would you consider them coins? >>



If they were produced for circulation rather than simply as a collector/invester sales item...yes. However, in reality they aren't.

Edited to add:

People seem to think that I believe bullion rounds are not collectable. They are wrong. I have absolutely nothing against collecting them if one so wishes. They even have a place in a collection of numismania along with books, auction catalogs, medals, tokens, etc. I just don't consider them coins which by definition are produced for use in everyday commerce--not simply to provide another collectable.

fc

i thought the design was ugly.

kiyote

<< <i>i thought the design was ugly. >>



I've heard many complaints, but that's the first one I've heard commenting the design was ugly...



For reference, this is what ugly looks like:

Jdurg

I'd love to pick up a one ounce platinum proof coin, or hell even an non-proof 1 Oz. Pt coin, but I simply cannot afford to put down that much money on a coin. Once I get settled, then I'll probably see about picking one up. (The design, in my eyes, is really beautiful).