YEOW! Seen the new price for the 2006 Proof Platinum Eagles?
Dabigkahuna
Posts: 3,419
Dabigkahuna
Posts: 3,419
Dabigkahuna
Posts: 3,419
Comments
Man that's high. I refuse to buy at that level. Hey, wait a minute - maybe everyone else will be thinking the same thing. Look what happened in 2004 ! OK, I'm going to order 25 sets because no one else will buy and there will be a really low mintage - I'll sell for a big profit.
BUT. There's always a butt in there somewhere. But - too many will order big and as a result there will be even more orders than 2005.
The only winner ends up being the US Mint. But isn't that the way it's supposed to be?
<< <i>Reverse psychology?
Man that's high. I refuse to buy at that level. Hey, wait a minute - maybe everyone else will be thinking the same thing. Look what happened in 2004 ! OK, I'm going to order 25 sets because no one else will buy and there will be a really low mintage - I'll sell for a big profit.
BUT. There's always a butt in there somewhere. But - too many will order big and as a result there will be even more orders than 2005.
The only winner ends up being the US Mint. But isn't that the way it's supposed to be? >>
but there's a hard cap of 4k for like the 1 ouncers at MAX. even if they sell out, that's a low number. if they dont sell out, it's even LOWER.
either way, a beautiful design on the reverse
Greetings to all on the board. my first post.
HAPPY TO PAY IT.
just got my first PR70DCAM on a platinum collectors club 8 coin free submission. the 2005 $100 cost $1345.00. i am confident that if i would have paid $1500.00 each for
those 4 2005 platinum coins, i still would have done ok. i paid $4950 for the other 4 coins, a 2004 platinum complete proof set, and that was double what the mint
charged, and i still have plenty of wiggle room. these coins are my retirement, and they have already put a smile on my face. my other proof plats were all purchased on
ebay or purchased from my local coin store at an average price of 975.00 an ounce, and many were already graded. these coins have a special meaning to me, as my
mother arrived at ellis island in 1921, and really words cannot express their beauty to me. i look forward to completing my proof platinum registry set, and the other coins i
purchased in 2005 at a higher price will also appreciate not only in monetary value, but as a reminder that if not for the statue of liberty, and ellis island, well, quite frankly,
i wouldn't be here. let the mint set a price, and if i have it to pay, i will, as this series of coins will do nothing but appreciate in the years to come. these are special
treasures that most people aren't even aware exist, and those of us that collect them and enjoy them will be rewarded in many ways, the least of which are financial.
great deals are still to be had on the earlier coins in the series, and when one has an opportunity to buy coins like the 1998, one of my favorite scenic reverses, and pay
very close to the platinum value, well, it's just a no brainer. your costs will average much less than 2750 a set to buy these 1997 to 2003 beauties, and in time, as the
number of collectors and awareness as to why these are so special increase, you will be happy you hung in there and completed the set. only in america.
johns platinum hoard
one of these days I will get the 97-2000 coins to complete my set.....
<< <i>I will keep ordering my 1/10 oz proof for my collection and enjoy them at that level.....
one of these days I will get the 97-2000 coins to complete my set..... >>
Those are the easy ones..
Bullion Seller
Their price - $1119
mint price - $1500
no contest!
<< <i>Don't buy any bullion coin from the mint, third party sellers are way cheaper. Here is one that is just above spot.
Bullion Seller
Their price - $1119
mint price - $1500
no contest! >>
I dont see the platinum proofs listed on that page, just the regular ms platinum eagles. I never had any incentrive to buy the non proof platinum eagles because the reverse doesnt change every year like the proofs.
<< <i>
<< <i>Don't buy any bullion coin from the mint, third party sellers are way cheaper. Here is one that is just above spot.
Bullion Seller
Their price - $1119
mint price - $1500
no contest! >>
I dont see the platinum proofs listed on that page, just the regular ms platinum eagles. I never had any incentrive to buy the non proof platinum eagles because the reverse doesnt change every year like the proofs. >>
Here here.. The more proof platinum coins are discussed on this forum, the more I wonder how many people, even collectors, know they exist!
<< <i>Don't buy any bullion coin from the mint, third party sellers are way cheaper. Here is one that is just above spot.
Their price - $1119
mint price - $1500
no contest! >>
The platinum coins from the Mint are not strictly bullion. They are .9995 fine proof coinage with unique reverses. The proof platinum coins shared the same reverse effigy with the bullion pieces only in 1997. The proof coins also have a finish that is the same frosted proof finish that the Mint has been quite intentional about since 1978. (Many frosted proofs exist prior to 1978, but the techniques for die manufacture changed that year and the QC on the proof coinage improved drastically.) The platinum bullion pieces have had a reverse proof finish with brilliant minor devices, and satin major devices and fields until 2005 (I believe) when the Mint changed this to fully satin surfaces.
Anyhow, the proof series is, beyond a doubt, the most beautiful ultra-modern coinage. It's the only series with unique purely allegorical effigies of Liberty, America, and now History, since the walking liberty series. Lovely.
Hoot
This is a good thing for those of us with some of them in regards to rarity, but a bad thing in that those people are missing out on nice coins.....
<< <i>but there's a hard cap of 4k for like the 1 ouncers at MAX. even if they sell out, that's a low number. if they dont sell out, it's even LOWER. >>
Ahhhh, you've been caught up in the misinformation campaign set up by the evil US Mint.
After all is said and done, given the mind games associated with the increased issue price, the attractive new design series, and the prices on the 2004 Coins - I believe the 2006 mintages will surpass those of 2005. But order away, the US Mint will thank you. Well, not really but Uncle Sam will be better off for it.
And at a plat metal value of $1000, $1050, $1100, or higher, how does it compare then?
Also, consider the comparison of the increase of the '06 4 piece set's price over last year's price, and the comparative increase of the $100, $50, $25 and the $10, all vastly different percentages. you may be surprised...
ps. There is a comparative chart on Yahoo's plat. coin forum. Post #565, I believe.
6 year old coin?
they only minted lets say 5000, well it should not be considered
rare due to that! All 5000 are probably around except for a few, right?
So instead of calling it rare, maybe we could come up with a better
term for it?
in demand maybe.
sorry raven. only you said it. i thought multiple people did.
corrected! i just feel like people are hyping the plat coins. They
are what they are. If more then 5000 people collect them, watch
out!
<< <i>If more then 5000 people collect them, watch out >>
This is certainly true.
But almost ALL of the collectors that I have been in contact with have more than just one.
Dealers have a very hard time keeping these in inventory, and practically none are being sold from dealer to dealer.
The "watch" out for a more proper use of "rare" by your definition may be sooner than expected...
ps.
<< <i>All 5000 are probably around except for a few, right? >>
Due to the plats. being put away, perhaps not in collections, per se, may also reduce the "5000 being around" number quite considerably.
I hope no one really feels any ill will toward the Platinum Proof Coinage. With that Goodacre Sacagawea around, I can't see why anyone would want to beat up on my favorite series.
These coins are no rare and likely will never been rare compared to other coins where there are 100 or so around from say CC Eagles or something.....
But you don't have to have that many coins to have good high demand coins, look at the 1916-D Mercury, 1909-S VDB or probably the best example the 1995-W Silver Eagle.....