Platinum Eagles and Numismatic News...
I mentioned to Dave Harper at Numismatic News how the forum got all wound up about the Plats and wiped out the Mint's remaining inventory like a school of pirannha on a floating carcass. He wants to do a story and asks forum members to send relevant comments to him at this address. Please let him know if he can attribute your comments, or if you want to remain anonymous.
To me, the interesting thing is the way the internet has changed the dynamics of the Mint's sales cycle. But that's just me...
To me, the interesting thing is the way the internet has changed the dynamics of the Mint's sales cycle. But that's just me...
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Comments
Miles
Please e-mail to him at this address.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i> Thank God we have a couple insiders
to help sound the warning too! >>
And thank god we had a couple spoilers to hold back the crowds. If not for them, the big rush would have been on a couple months early and in all likelyhood the Mint would have struck up a lot more than they did. I think this forum owes a lot to the ones who tried to hold off the early stampede.
Of course I would have no idea who any of those crowd control personel might have been.
<< <i>This might do more harm then good. It will give the impression that a large percentage of the issue fell into the hands of speculators. >>
What's wrong with that? Isn't that what has happenned? Or did all-in-sudden hundreds of forum members simultaneously decide to put together exactly ten sets of Platinum eagles?
Cheers,
Jerry
San Diego, CA
<< <i>
Edited to add:
Thank God we have a couple insiders
to help sound the warning too!
And....I'm not particularly interested in my comments being "picked up" either. LOL! >>
I'm sure any "insider" would just love that being publicized........
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Modern bullion, American eagles and speculation.
Paraphrased quote from the 1991 movie: "Mobsters"
"What is America about? It is about money"
<< <i>quote from the 1991 movie: "Mobsters"
"What is America about? It is about money" >>
Does that mean politicians are mobsters too?
Different movie!
TD
For the record my purchases were well before any discussion started.
It was obvious to anyone with brains that an expensive, thinly collected series introduced late in year was a potential winner.
Box of 20
<< <i>
<< <i>This might do more harm then good. It will give the impression that a large percentage of the issue fell into the hands of speculators. >>
What's wrong with that? Isn't that what has happenned? Or did all-in-sudden hundreds of forum members simultaneously decide to put together exactly ten sets of Platinum eagles? >>
I think his intended message is that it will show that the interest in these coins was sparked by speculators and not collectors. People who are just looking to make a quick buck and have no intentions to ever really "join" the hobby. This could be bad as now when the mint releases anything, the pure speculators will purchase everything up as quick as they can and those who are in this for the fun of the hobby and not the quick buck will be unable to purchase those items. I think that is the big fear here in this situation.
<< <i>
<< <i>
<< <i>This might do more harm then good. It will give the impression that a large percentage of the issue fell into the hands of speculators. >>
What's wrong with that? Isn't that what has happenned? Or did all-in-sudden hundreds of forum members simultaneously decide to put together exactly ten sets of Platinum eagles? >>
I think his intended message is that it will show that the interest in these coins was sparked by speculators and not collectors. People who are just looking to make a quick buck and have no intentions to ever really "join" the hobby. This could be bad as now when the mint releases anything, the pure speculators will purchase everything up as quick as they can and those who are in this for the fun of the hobby and not the quick buck will be unable to purchase those items. I think that is the big fear here in this situation. >>
I understand the intended message. My impression is that these were purchased primarily by speculators, "people who are just looking to make a quick buck..."
<< <i>I think his intended message is that it will show that the interest
in these coins was sparked by speculators and not collectors. >>
I agree! But also if speculators and collectors don't grab em'....
DEALERS LIKE WONDERCOIN & COIN VAULT WILL!
It seems the US Mint has become the new Ebay of coin buying snipers!
New motto ....... "Coin collecting! It's not just a hobby anymore!!!!"