Buy a ½ ounce platinum proof coin or a really nice coin, or 2 or 3 for a Dansco 7070?

peelinOnions

Hello,

If you had “only” about $800 to spend for the rest of this year on your coin budget, would you consider buying one of the ½ ounce platinum proofs for this year, before they sell out, or would you rather spend that money on one or more type coins for a Dansco 7070?

Cladiator

Given only thofe options I'd go for the 7070 plan.

billboat

Type coins any day--why not split the difference and buy a nice gold type?

peelinOnions

Thank you for the reply, Cladiator. I'm torn.

I was beginning to wonder if I had to get my post count over 100, or something, before you guys would reply.

FullStrike

<< <i>before they sell out, >>



If the Platinum Proofs sell out - they're going to be valued stricktly as bullion pieces.

Buy what you like.

Baley

which collection is more important to you?

I'd buy the coin(s) that would give me the most enjoyment

peelinOnions

<< <i>Buy what you like. >>



That's the hang up. I really like platinum, and that 3 coin series sounds neat, but I would like to complete my Dansco as well, with nice examples. So far it sounds like the 7070 path is the most popular. Not bad advice.

EarlyTypeManJohn

Good pint by FullStrike. Don't let the fear of a sellout drive your choice. Go out and buy a coin that will make you happy the rest of the year. Then, reformat your computer's hard drive and do your budget again making sure you still have $800 in your coin budget

Cladiator

When it comes to coins I go crazy if I can't make a purchafe for any length of time. So, for me, buying the one platinum coin and then not being able to buy any more for 7 months would be unbearable. By following the other option at leaft I'd be able to make a handfull of coin purchafes in that 7 month period.

peelinOnions

<< <i>When it comes to coins I go crazy if I can't make a purchafe for any length of time. >>



Good point. If I go too long without a coin purchase, and that is not a very long time, I start to itch.

kiyote

I say go platinum, there's not going to be a sell out, but if the prices keep rising, there will be a temporary closure of the program. Then the buffalo gold coins are going to come out, and I think people will lose interest in the proof platinums, leading to lower prices.

The 1/4th oz has lower prices than the half oz in 2006-- do you consider getting one of those?

Barndog

Go with the type coins. For $800 you can get an AU bust half dime and AU bust dime and have some change left over for some other neat coins for the 7070.

RedTiger

Unless a person is building a 1/2 oz platinum date set, I don't see the point. Buy one of the smaller platinum coins and spend the balance on the 7070 set. One coin a year, especially a bullion coin, just doesn't do anything for me. However, always, always, collect what you like.

NumisOxide

If I were you, I would go for the type coins for the Dansco 7070. I think you will enjoy the classic type coins much better and they also come with a lot of history.

kiyote

<< <i>Unless a person is building a 1/2 oz platinum date set, I don't see the point. >>



The nice thing about 2006 is that it's the first of a three year set-- it'll be a complete set once you get 2007 and 2008. There's always the risk the program could be pulled if platinum goes too crazy, though.

peelinOnions

<< <i>

<< <i>Unless a person is building a 1/2 oz platinum date set, I don't see the point. >>



The nice thing about 2006 is that it's the first of a three year set-- it'll be a complete set once you get 2007 and 2008. There's always the risk the program could be pulled if platinum goes too crazy, though. >>



Kiyote, I was considering the 1/2 ounce because it has the lowest mintage of all the platinum proofs offered this year and it's not as tiny as, say, the 1/4 ounce coin, and I like the idea of the 3 year set. I don't plan on buying one for every year after that or before this year, but that 3 coin set over 3 years with a different reverse design every year is interesting. The coins barndog mentioned just happen to be holes I have yet to fill. I like hearing all the different opinions you guys offer because often there is a point I never considered. Thank you.

Whizzard

Well neither, but if forced, it'd be the type coin.