SALES ARE IN! 2500, 2650, 2700, 3750 LEGISLATIVE UNC-W 2006 PLATINUM

ericj96

AS OF END OF SALES!


ERIC

Hugegut

Interesting. That's only $7.1 million in sales. I'd bet there's guys on this board with enough dough to buy up the whole run. They missed their chance

ericj96

BUMP

kiyote

I missed my chance, and I consider myself a platinum lover, too. I even gotta 2004 proof platinum $50, but I really missed this boat!

LALASD4

So where does these sale figures come from.

claychaser

Do these figures include coins in the 4 piece sets?

TMCS

Eric could you elaborate on your figures. Is this from the 1 oz down. How about the 4 coin set ?

TRADECOIN

2006-W Unc Plat . How many 4 pc sets ? Can you break the total sales (mintage)down for each coin sold as singles ?

ericj96

I was in a hurry. These number are from the US mint. They are the total gross sales for the plats.

$100 500
$50 650
$25 700
$10 1750

4 coin sets 2,000

Totals are posted above.

CoinMaster1229

I have been watching the coin Vault on TV. I use them to set a fair price for my E-bay Sales. I just divide there price by TWO. But they have not been selling these W Gold & Platinum? There usaully the first ones with them, Did there purchasing people screw up?

Lionel

Did you just get the latest issue of Numismatic News? How did you get these figures? Just curious.





<< <i>I was in a hurry. These number are from the US mint. They are the total gross sales for the plats through the close of business yesterday.

$100 500
$50 650
$25 700
$10 1750

4 coin sets 2,000

Totals are posted above. >>

ericj96

No its data straight off the final sales report that the mint just produced internally about 2 hours ago.

Beyond that I have nothing to say......NN will post these numbers sooner or later.


Eric

TMCS

<< <i>I was in a hurry. These number are from the US mint. They are the total gross sales for the plats through the close of business yesterday.

$100 500
$50 650
$25 700
$10 1750

4 coin sets 2,000

Totals are posted above. >>



Wow!! Eric those figures are quite low. Thanks for the fast update.

kimon1230

So, it 2,500 considered a low mintage for the 1oz platinum? I know that platinum coins have very low mint numbers compared to other coins but, how about this number?

Newb

ericj - thanks for the updates - much appreciated.

Elysium

<< <i>So, it 2,500 considered a low mintage for the 1oz platinum? I know that platinum coins have very low mint numbers compared to other coins but, how about this number? >>



Yes. Previous lowest mintage plat coin was the 2004 1/2 ounce proof. Mintage was: 5,063

Elysium

Lowest mintage 1 ounce was the 2004 plat proof 1 ounce.

Mintage: 6,007

EricSan

"You Da Man!!" Eric Thanks for posting the numbers over the past few days! I only got one of the 1/2oz uncircs, but I did load up on the gold 1/2 ounce coins.

Eric

slickpick

I asked here in a similar post if there was someone here working for the MINT?

fastrudy

Thank you, Eric, for your fast work and sage analysis!! You should get a "You don't suck" award for sharing.

EricSan

Is this a new LOW MINTAGE RECORD??!?!?

I don't have the larger scope of numbers that others here do. Just wondering where this falls in historical terms - it seems to blow away the Jackie Robinson $5 uncirc by a wide margin!

kimon1230

<< <i>I asked here in a similar post if there was someone here working for the MINT? >>


You think it's Eric?

Manorcourtman

Those are some low, low, low mintages......maybe a modern record?? Anyone know?

ericj96

Slickpick,

It is not good judgement to tell everything one knows.... Just be happy with the data.


Eric

Moki

That seems low on the 1 oz given that the NN had these totals for Dec 15th:

1 - 484
1/2 - 573
1/4 - 670
1/10 - 1759
4 coin - 1505

ericj96

I agree. But thats what the weekly sales report from today says. If its wrong I am sorry but thats what the mint says it sold.


Eric

aficionado

These are like the Jackie Robinson's, but nobody knows it yet.

I think this, because the Reverse is the same as the Reverse of the Proof and it is not the reverse of the regular bullion. This is Key. !!

This makes our "W", the MS version of a Proof. Which just happens to be the first year of a 3-year series of the Branches of Govt, PLUS, add the 10th Anniv. in 2007 and this could really end up being something.

People like the Proofs, but when the MS version is super low, the MS is the one that appreciates more.

This is just IMHO, but it's sure fun speculating.

RedneckHB

<< <i>

<< <i>So, it 2,500 considered a low mintage for the 1oz platinum? I know that platinum coins have very low mint numbers compared to other coins but, how about this number? >>



Yes. Previous lowest mintage plat coin was the 2004 1/2 ounce proof. Mintage was: 5,063 >>



How much do these sell for?

aficionado

<< <i>That seems low on the 1 oz given that the NN had these totals for Dec 15th:

1 - 484
1/2 - 573
1/4 - 670
1/10 - 1759
4 coin - 1505 >>



Not if everyone bought the 4 coin set. Plus the 1/4 sold out just after the Dec. 12 numbers. I think it jives.

EricSan

<< <i>How much do these sell for? >>



ballpark $2800, issue price of $735.

RedneckHB

<< <i>

<< <i>How much do these sell for? >>



ballpark $2800, issue price of $735. >>



Is that for a PCGS PR70 or just a raw coin?

EricSan

<< <i>

<< <i>

<< <i>How much do these sell for? >>



ballpark $2800, issue price of $735. >>



Is that for a PCGS PR70 or just a raw coin? >>



$2800 Raw or PR69. PR70s are closer to 9-10k.

Eric

slickpick

It's great if it's inside information but I was referring to someone stoking the mint's sales. I caved and bought th 1 oz.

TwoSides2aCoin

<< <i>.... the Reverse is the same as the Reverse of the Proof and it is not the reverse of the regular bullion. This is Key. !!

This makes our "W", the MS version of a Proof. Which just happens to be the first year of a 3-year series of the Branches of Govt, PLUS, add the 10th Anniv. in 2007 and this could really end up being something. >>




Take that to the BANK ! It's US MINT gospel, not opinion.

rare indeed

Bear

Is the 2800 ball park for Frankfurters, or 1 oz Platinum W leg Unc?, Jackie Robinsons?

TwoSides2aCoin

<< <i>Is the 2800 ball park for Frankfurters, or 1 oz Platinum W leg Unc? >>



2500 for the ouncers, bear

EricSan

Sorry, this has been broken up over too many posts, now:

In 2004, the mint produced 5,063 Proof Plat 1/2 ounce coins. They sell for a ballpark price of $2800 either raw or in PCGS PR69 plastic. PCGS PR70s sell for closer to 9-10k.

The new 1/2 w-uncirc plats come in close to half of that!

Eric

Bear

Ahh, from my eyes, taken the darkness from you have.

RedneckHB

<< <i>Sorry, this has been broken up over too many posts, now:

In 2004, the mint produced 5,063 Proof Plat 1/2 ounce coins. They sell for a ballpark price of $2800 either raw or in PCGS PR69 plastic. PCGS PR70s sell for closer to 9-10k.

The new 1/2 w-uncirc plats come in close to half of that!

Eric >>



Thanks Eric. 2006 looks like a sure winner.

LincolnCentMan

Oh my G... I bought 2 one oz. plats about three days ago! And it's all the forum member's fault!!!

-David

ericj96

Well your mom always told you the people you hang out with can be a bad influence.



Eric

TMCS

<< <i>Well your mom always told you the people you hang out with can be a bad influence.



Eric >>



And how many of us listen to thier Mom.

TMCS

If it would not be to much trouble, could someone here give the mintage numbers for the platium unc from the previous years for all to compare with the update 2006 w figures.

puritan9

This is unbelievable!!! What is crazy about it is that people don't even know about it. Wait until the word REALLY gets out. Who really knows what they will be worth. Imagine any coin in a PCGS 70 grade.......

EricSan

<< <i>If it would not be to much trouble, could someone here give the mintage numbers for the platium unc from the previous years for all to compare with the update 2006 w figures. >>



Look here for uncirc plat mintages since 1997.

Eric

COINB0Y

Eric, thank you for all of the extraordinary work you have done on this series!

"A PERFECT STORM" :

True or not, it would make a great Movie of the Week.....

Here is some speculation on what happened:

In 2005, US Mint had a total Mintage of UNC (No W) of:
1 ounce Platinum = 6,310
½ ounce Platinum = 9,013
¼ ounce Platinum = 12,013
1/10 ounce Platinum = 14,013

In 2004, US Mint had a total Mintage of UNC (No W) of:
1 ounce Platinum = 7,009
½ ounce Platinum = 13,236
¼ ounce Platinum = 18,010
1/10 ounce Platinum= 15,010

2004-2005, the Mint decides to make a sub-class of UNC Bullion to sell to public beyond the normal Plat UNC Bullion sale to dealers for 2006.

However, by mid-2005 to start of 2006, Platinum is starting it's run from $875 to $1,000 an oz. Yikes, UNC (No W) Plat Sales to dealers drop from 2004 to 2005. In fact, the 1/10th UNC (No W) dealer coin sales drop almost 33% from 2004 to 2005.

We move on....Platinum spikes from Dec. 2005 to mid-2006 from $1,000 to almost $1,300. By May-June 2006, there is no doubt that shivers are sent thru the planners at the Mint. Taking it further, I suspect the 'W-UNC' run was the 2nd of the three Plat runs for 2006 at WestPoint. Thus, the 'W-UNC' run was begun right when Platinum was near its’ Peak Price.

http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=sales&year=2006

Using the link above, look at the reported Gap in the 2006 Platinum Bullion Sales from May-September. No dealer bought any 1oz. during that time? Hmmm…. Maybe it was because there were none to be found, all because the Mint was busy stamping the publics' 'W' series? Then, the Mint in a monthly sales review, decides to adjust downward what they figured the 'W-UNC' runs should be so as not to pull away from any remaining (No 'W') Dealer sales for the rest of the year, again, all at a time of spiking prices.

CoinBoy thinks that they being human, the folks at the Mint planning group over reacted during this frenzied time and cut the 'W-UNC' production.

Further, during this crisis, no doubt someone helped factor in the final mintage adjustment by asking a neat decision making question; How many pieces can we do with one-two dies? Wouldn’t the Mint try to minimize expenses and maximize the output on the publics now REDUCED 'W-UNC' run for any die(s) used? After all, Platinum is a pretty hard to stamp…

Therefore, using some old time cypher'n and a bit of CoinBoy's Pennsylvania windage, but really just taking Eric’s new info from the NN and the Mint, we come up with the following ‘W’-UNC-American Eagle Platinum Mintage:

4-Coin Sets::: 2,000

$100::: 500 + 2,000 for sets = (2,500 Total)
$50::: 650 + 2,000 for sets = (2,650 Total)
$25::: 700 + 2,000 for sets = (2,700 Total)
$10::: 1,750 + 2,000 for sets = (3,750 Total)

A Perfect Storm? You make the call!

John91C

WOW

TMCS

<< <i>

<< <i>If it would not be to much trouble, could someone here give the mintage numbers for the platium unc from the previous years for all to compare with the update 2006 w figures. >>



Look here for uncirc plat mintages since 1997.

Eric >>



Eric, thanks for all you have done!!!

puritan9

Eric,
Have we said THANK YOU, THANK YOU, THANK YOU.......

itsnotjustme

COINBOY is getting awful smart for someone who knew not the difference between proof and uncirculated just yesterday!

KeithinMD

Those numbers, if indeed are correct, are truly low IMO.