Is there a market for the 2007 10th Anniv. Platinum Set?

Elysium

I question whether there is much of a market for the mint's proposed 2007 10th Anniv. Platinum Set.

Consider the recent mintages for plat proofs (2003 to now). You're looking at a high of about 9534 (2003 1/10 ounce) to a low of about 5063 (2004 1/2 ounce).

There is such low demand that a max mintage of 10000 for such a set would probably be more than the market demand (i.e. so don't expect a runup like the 20th Anniv. AGE set).

Of course, if they set the max mintage at 5000, that would be more interesting.

Any thoughts? Any insider info on what the max mintage will be?

MilesWaits

I believe there is a market as we have found with the very pricey AGE Set and the current interest in the W Platinum Set.
I would be very happy to see a 5000 limit as you suggest, and would hope they do set a lower limit with option for a few less sets than the AGE so many can participate thru the primary market.
Last post I saw on this issue just addressed the "option list" rather than the mintage numbers.

Miles

Elysium

Thanks for the reminder about the other thread. Here's the info on the proposed sets.

I would think that the mint would adjust its max mintage based on prior sales history (i.e. hopefully in the 5000 range or less), but who knows. If it's something like 10000, that would be less good (especially with all the other coins coming out next year: first hag, jamestown, fractional buffalos, W uncirc bullion, etc...).


10th Anniversary American Eagle Platinum Set Options:

OPTION A
The 10th Anniversary American Eagle Platinum Set would contain two coins

- a 2007 American Eagle Platinum Proof 1/2 oz. coin
- an exclusive 2007 American Eagle Platinum Reverse-Proof 1/2 oz. coin (the reverse-proof coin finish has the opposite appearance of a traditional proof coin finish - the image, or device, is shiny and the field is frosted)

This set would cost approximately $1,800.

OPTION B
The 10th Anniversary American Eagle Platinum Set would contain three coins:

- a 2007 American Eagle Platinum Proof 1/2 oz. coin
- an exclusive 2007 American Eagle Platinum Reverse-Proof 1/2 oz. coin (the reverse-proof coin finish has the opposite appearance of a traditional proof coin finish - the image, or device, is shiny and the field is frosted)
- a 2007 American Eagle Platinum Uncirculated 1/2 oz. coin (with 'W' mint mark and a finish that is similar to the bullion coin finish)

This set would cost approximately $2,550.

OPTION C
The 10th Anniversary American Eagle Platinum Set would contain three coins:

- a 2007 American Eagle Platinum Proof 1/2 oz. coin
- an exclusive 2007 American Eagle Platinum Reverse-Proof 1/2 oz. coin (the reverse-proof coin finish has the opposite appearance of a traditional proof coin finish - the image, or device, is shiny and the field is frosted)
- a 2007 American Eagle Platinum Bullion 1/2 oz. coin

This set would cost approximately $2,500.

OPTION D
The 10th Anniversary American Eagle Platinum Set would contain three coins:

- a 2007 American Eagle Platinum Proof 1/2 oz. coin
- an exclusive 2007 American Eagle Platinum Reverse-Proof 1/2 oz. coin (the reverse-proof coin finish has the opposite appearance of a traditional proof coin finish - the image, or device, is shiny and the field is frosted)
- an exclusive 2007 American Eagle Platinum Brilliant Uncirculated 1/2 oz. coin ("brilliant uncirculated" denotes a full-luster uncirculated coin where both the production dies and the coin blanks are polished before striking the coins)

This set would cost approximately $2,650.

pf70collector

If the mintage was 2,500 to 5,000 with a limit of one per household than yes. Beyond that I would be hestitant to buy one.

FullStrike

10,000 is too %&#@ many for sure. 5,000 is even a lot. Better to limit it to 100 sets and sell ALL of them to me.

Course I'll be needing the easy payment plan ... until I can flip em for monster dollars that is.

CHEESEBURGER

I think a 4000 maximum mintage would just right.

TheRaven

I think it would have to be a really low mintage.....

That 1/10 oz Platinum W Unc coin is apparantly sold out as an individual option with something like (1400+ individual coins sold, plus 800+ 4 coin sets) sold, so if that is there target mintage for a special set there would be interest.....

They have to be very careful not to destroy the market however.....

TwoSides2aCoin

I think there is a market for any denomination of the next three years according to this from the mint :

In 2006, the United States Mint embarks on a new, three-year series titled The Foundations of American Democracy. For the year beginning in 2006, the reverse design will feature an image emblematic of one of the three institutional foundations of our American democracy -- the Legislative, the Executive and the Judicial branches.

Jdurg

Honestly, I think the platinum coins aren't affordable to the mass market which is why there are lower sales for them. With the AGE Set this year at least you got 3 ounces worth of gold out of it. For the mint to do the same with the platinum (3 ounces) you would probably end up having to pay nearly $6000 for the set. Finally, I really wouldn't expect to see that big of a difference between the normal uncirculated/bullion coins and the reverse proof. The uncirculated/bullion coins are pretty much already a reverse proof.

Pentimento

<< <i>With the AGE Set this year at least you got 3 ounces worth of gold out of it. For the mint to do the same with the platinum (3 ounces) you would probably end up having to pay nearly $6000 for the set. >>



And with the Platinum set you would get 1.5 ounces of platinum out of it. Virtually the same price, virtually the same precious metal value. Those who expect to see platinum fall back to $625 an oz. will not be buyers of the set anyway.

FullStrike

<< <i>The uncirculated/bullion coins are pretty much already a reverse proof. >>




The last year of the "reverse proof" look for the BU Platinum Eagle was 2003. Starting in 2004 all the BU Platinum Eagles have a matte finish.



Take a look

eBay 2004 BU with new matte finish



and take a look back at the 2003 "reverse proof" BU Platinum

eBay 2003 BU "reverse Proof " finish

ericj96

"I think a 4000 maximum mintage would just right. "

I agree. The 2006 AGE set sold so well because the RP had a mintage 15,000 coins less that the previous one once gold eagle low from 2001. The new APE set is going to need a max mintage less than 6,000 for certain because thats all that sell in a good year now anyway. Real interst will only materialize if the lead coin is lower than the 2004 Seated America Proof Platinum Half (current rarest type coin of all US coinage since 1915). 4,000 mintrage sounds about right to me. I would buy a three coin half set with a RF presidential plat half in it for $2650.

I do think the mint is doing the right thing in going with the halves for the APE 10 year set because three one once plats would have to be close to 6 grand and I think they would like to stay in the same less than $3000 range they have experience with lately.


Best Wishes

Eric

PS: Raven the sales 10/21/06 on your tenth MS-W plat was 1746 singles plus still open 901 four coin sets. Total sales so far 2,647. Total sales will run up some more and as long as the 4 coins sets keep going you will be able to pick one up.

robertpr

No way, a limit of 5k or even 4k would be fairly in-line with standard mintages. A 1k limit would be appropriate for the plats, 2.5k at the maximum in order to call these "limited".

pharmer

Have any collector sets of recent years become worth less than the issue price? I haven't bought sets for a few years, and have no idea. But seems like most are good investments from the comments I see.

robertpr

<< <i>Have any collector sets of recent years become worth less than the issue price? I haven't bought sets for a few years, and have no idea. But seems like most are good investments from the comments I see. >>



You only hear about the winners. Most mint products are losing propositions, even recently.

TheRaven

<< <i>"I think a 4000 maximum mintage would just right. "

I agree. The 2006 AGE set sold so well because the RP had a mintage 15,000 coins less that the previous one once gold eagle low from 2001. The new APE set is going to need a max mintage less than 6,000 for certain because thats all that sell in a good year now anyway. Real interst will only materialize if the lead coin is lower than the 2004 Seated America Proof Platinum Half (current rarest type coin of all US coinage since 1915). 4,000 mintrage sounds about right to me. I would buy a three coin half set with a RF presidential plat half in it for $2650.

I do think the mint is doing the right thing in going with the halves for the APE 10 year set because three one once plats would have to be close to 6 grand and I think they would like to stay in the same less than $3000 range they have experience with lately.


Best Wishes

Eric

PS: Raven the sales 10/21/06 on your tenth MS-W plat was 1746 singles plus still open 901 four coin sets. Total sales so far 2,647. Total sales will run up some more and as long as the 4 coins sets keep going you will be able to pick one up. >>



I have not seen these sales figures yet, that is still a really low number however..... Still bummed did not get one from the mint.....

ericj96

The tenth Anniv. set will sell out if the max mintages are reasonable because the market has been shell shocked three times now by sell out Anniv sets and expects the next one to be no different. The real question may be-will the market be stong enough to hold the price of the set up after the initial surge?


Eric

TheRaven

I think the mint has to be very very careful not to kill the golden goose with issues in 2007.....

My thinking is that they are really close to doing this at the current point in time.....

ttown

I think the whole series is fairly low this isn't the 1850's that most compare them too. Coin collectors are up along with the population just because we look at things the way they are now doesn't mean in the future they aren't a hot item. Between the peak markets a lot of people have done well as interest gains. Funny how some will pay thoundsand of dollars for a coin that was considered just a coin in the past 3 decades but can't see what may happen in the next 3 decades. All the platinum coins are low risk it just takes 40 to 50 thousand people wanting to collect them. Who would have thouth a decade ago crazy toned coins would bring stupid money? How about the 2004 platinum, they are the lowest mintage but theres others in the series not bringing any where near that level. Collect what you like and don't worry about it. JMO.

Lionel

Where did you learn of a proposed 10th anniversary platinum set?

FullStrike

It really stinks that a 1 oz set won't be offered. I happen to like the 1 oz size and would be happy to pay $$5000.00 - $6,000.00 for a set - especially if the mintage was limited to about 2,500 sets.

I think both 1 oz and 1/2 ounce sets ought to be offered. I don't really like small coins but I realize some do.