In my opinion at $8000 per set you reach $2000 per coin. For an MS-70 that would still be potentially cheap but for a MS-69 or less graded coin there are other places to buy your coins and achieve a better price to pop for your coins.
Example are some of the 2003 platinum proofs and all of the 2005 platinum proofs.
Another example would be the 1856 flying eagle cent in lower circulated condition at $5000 to $6000 per coin yet with mintages of half of the platinum circulated coin.
19th century patterns with mintages of less than 50 to 100 may be obtained for under $3,000.
Once the price reached $1500 to $2000 per coin owners of these sets who purchased them for $2500 will be more tempted to sell them to regurgitate their monies into other modern or classic coins including the "next" possible US Mint deal.
At that point, I believe the supply and demand levels will reach a equilibrium as dealers by then will have been able to procure a supply of these sets for their customers.
Keep in mind that some of these platinum collectors will suddenly see the need to sell when the next platinum, gold, silver or other deal comes along from the US Mint.
Of course these reflect my opinion and are not 'facts."
<< <i>Why oreville! You sound like a communist! >>
LOL.
I wish!
Actually, I am just spouting out my analysis which is based on capitalism in its pure form.
By the way, look at what happened to the 3 pc gold set with a mintage of 10,000 for the reverse proof gold. It did finally hit a short term ceiling. The same thing will happen with the w mint platinum uncs.
Sure, 5 years from now, rather than the short term, who knows?
" I also think these w mint platinum uncirculated sets do have a theoretical maximum market limit of about $6000- $8000 as that means $1500 - $2000 per coin which then becomes a bit pricey even when compared to the low mintages. "
I don't understand this comment. The 1936 proof set sells for about 7 grand with a mintage of 3837. The 1936 proof set is struck on less than $10 worth of metal and a total of about 70,000 sets look just like them. Not to mention the millions of non-proof issues. This set has a total mintage of somewhere in the high 2000s and is struck on about $2000 worth of platinum. There are less than 3000 that look just like them and if you count the "normal" proof issues they are still less than 10,000.
So the $6-8k per set may prove correct in the short (less than 10 years) run but saying that the "theoretical maximun market limit is $8,000" isn't based on any historical market/mintage relationships that I am aware of.
In my opinion at $8000 per set you reach $2000 per coin. For an MS-70 that would still be potentially cheap but for a MS-69 or less graded coin there are other places to buy your coins and achieve a better price to pop for your coins.
Example are some of the 2003 platinum proofs and all of the 2005 platinum proofs.
Another example would be the 1856 flying eagle cent in lower circulated condition at $5000 to $6000 per coin yet with mintages of half of the platinum circulated coin.
19th century patterns with mintages of less than 50 to 100 may be obtained for under $3,000.
Once the price reached $1500 to $2000 per coin owners of these sets who purchased them for $2500 will be more tempted to sell them to regurgitate their monies into other modern or classic coins including the "next" possible US Mint deal.
At that point, I believe the supply and demand levels will reach a equilibrium as dealers by then will have been able to procure a supply of these sets for their customers.
Keep in mind that some of these platinum collectors will suddenly see the need to sell when the next platinum, gold, silver or other deal comes along from the US Mint.
Of course these reflect my opinion and are not 'facts."
$2000 per coin might make some sense in that three of the four APE unc-w coins have practically the same mintages.
It looks like the $10 1/10 oz. is the big winner right now, though -- I think it's getting close to $600 raw, which is about a 200% gain. (That would be like raw sets going for $7500.) My assumption is that more people find this coin affordable so there is much more competition than for the loftier fractionals and full ounce.
<< <i> On the subject of the one ounce 2006 W Platinum, I've seen a few images, and a few in person that on the reverse rim above the "States" area there is quite a bit of roughness there. Anybody else seen this? I guess they still grade high. Case in point No, not looking to buy it just curious is all. >>
Yes, I had the same thing, only to a lerrer degree, on 3 of the 1oz I send to PCGS last week (they looked fine under 5x otherwise)...it'll be interesting if PCGS let's that pass a 70....and if not, now we know why PCGS commands the premium to NCG that it does....
BTW, has anyone noticed that the 1oz in the 4 coin sets didn't show the same tendency, at least to the same percentage levels? I certainly did...
<< <i>On the subject of the one ounce 2006 W Platinum, I've seen a few images, and a few in person that on the reverse rim above the "States" area there is quite a bit of roughness there. Anybody else seen this? I guess they still grade high. Case in point No, not looking to buy it just curious is all. >>
Yes, I saw this on some sets I sent in and they all came back 69. PCGS grades tougher on Eagles than NGC, often by as much as a point. --Jerry
I thought I’d share a little story about the end of the last bullion boom. I got a job at a major oil company in 1977. During most of the major run-up in gold and silver I was pulling 90% coins from the bank while I was in High School which was fairly easy in that era. I dumped all of that stuff as the market was running up, didn’t sell it at the absolute peak but sold it over a 6 month period.
Now in 1982 I had some spare money even after raising a family and I decided to buy some new coins that hit the market the gold “Panda’s”. I purchased these coins from Panda America in 1982 (mintage 15,815) and 1983 (mintage 22,470); I missed the 1984 for some reason but had the 1985-1987 coins. Well to make a long story short in 1986 these coins hit $3000 dollars for the 1982 and $2000 for the 1883. I sold and today I’ve seen the 1982 on eBay for $1200 and the 1983 for around $750 (@ $420ish gold).
I sold the 1985-1987 to my Dad in the early 90’s when I needed cash to finance a custody battle for my kids. Now I sure some of the Classic guys will say I told you so, that’s why I put the MS63 Saint example. It doesn’t matter what you collect if you see “stupid” money being paid for any item you collect I’d say “Cash Out” and wait.
I’ve only got one of each of the 2006 W’s but I’ll collect the 1/10 ounce and sell the rest. Everyone should think what they’d be happy with and sell when it hits that price if you have more than 1. The past will repeat itself, mark my word.
so after metals peak...the pattern would be for coins to peak 6years later....and if mintages are 5,000 ish or less...the right crazy price should be 3 times $3,000.....toss in a little extra for platinum (since its rarer than gold)...I'll settle for $10,000
On Ebay Buy it now prices on the PCGS MS70 sets seem to be rising quickly, I just looked and they now seem to be starting at 8K and up. Buy it now for the MS70 sets starts at about $5400, also rising.
It looks like all the ebay sellers have significantly raised their prices on the Pcgs MS70 buy it nows. Looks like the PCGS MS69s are only up slightly.
I just got my grades in from my last plat submissions to PCGS. I submitted 6 bulk orders (all on shared order page). Super fast turn around on all (Thank you PCGS). There definately seems to be a trend towards fewer MS70s as time went on. First order was about 60% 70s last order was down to about 20%. Anyone else seeing similar results?
PS. I just recieved my 2006-w AGE results out of 60 coins submitted 55 MS69 and 5 MS70. If other people gets similar results, Looks like the MS70 AGEs might be kinda tough.
<< <i>It looks like all the ebay sellers have significantly raised their prices on the Pcgs MS70 buy it nows. Looks like the PCGS MS69s are only up slightly.
I just got my grades in from my last plat submissions to PCGS. I submitted 6 bulk orders (all on shared order page). Super fast turn around on all (Thank you PCGS). There definately seems to be a trend towards fewer MS70s as time went on. First order was about 60% 70s last order was down to about 20%. Anyone else seeing similar results?
PS. I just recieved my 2006-w AGE results out of 60 coins submitted 55 MS69 and 5 MS70. If other people gets similar results, Looks like the MS70 AGEs might be kinda tough. >>
Out of six, I got 4 MS69 and 2 MS70.....very pleased!!!!
<< <i>It looks like all the ebay sellers have significantly raised their prices on the Pcgs MS70 buy it nows. Looks like the PCGS MS69s are only up slightly.
I just got my grades in from my last plat submissions to PCGS. I submitted 6 bulk orders (all on shared order page). Super fast turn around on all (Thank you PCGS). There definately seems to be a trend towards fewer MS70s as time went on. First order was about 60% 70s last order was down to about 20%. Anyone else seeing similar results?
PS. I just recieved my 2006-w AGE results out of 60 coins submitted 55 MS69 and 5 MS70. If other people gets similar results, Looks like the MS70 AGEs might be kinda tough. >>
Out of six, I got 4 MS69 and 2 MS70.....very pleased!!!! >>
<< <i>I only had one 1oz. Plat and got a MS70FS. >>
I wonder! Should I submit my 1oz. or keep it Mint sealed? Clackamas did great for his Mint sealed at $2950.00 BIN!
There's only 500 Singles! A lot less now I'm sure. >>
Why would you keep the one oz. sealed???? There's nothing to be gained except someone on eBay who thinks it's holding that lucrative MS70. I'd send it to PCGS and pray.....I got an MS70( was graded in 2 days) and got that nasty "First Strike." designation My $1390 opened 1oz. Plat is now worth well over $3500....for now anyway. >>
The percentages of MS70's are quite low now, MS69 go for less and MS70's go for more.
<< <i>Why would you keep the one oz. sealed???? >>
At this point, since you can no longer get the First Strike designation, ABSOLUTELY keep it sealed. It is FAR more valuable sealed than open...no question...
Bill.....PCGS said I can still get the FS label because it was postmarked to me before Jan. 11th. But it MUST remain sealed with the postmark date on it.
Only those who have opened Mint boxes cannot submit and get FS labels.
<< <i>Why would you keep the one oz. sealed???? >>
At this point, since you can no longer get the First Strike designation, ABSOLUTELY keep it sealed. It is FAR more valuable sealed than open...no question...
FloridaBill >>
You can still get the First Strike™ designation for W-Plats as long as the sealed box's shipping (postmarked) date is 1/11/2007 or before.
It appears that all the interest on Ebay is on the 70s rather than the 69s. For the time being, people seem to be going for the plastic rather than the low mintage aspect.
At this point, since you can no longer get the First Strike designation, ABSOLUTELY keep it sealed. It is FAR more valuable sealed than open...no question...
It's only worth more sealed if it's NOT an MS-70.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>At this point, since you can no longer get the First Strike designation, ABSOLUTELY keep it sealed. It is FAR more valuable sealed than open...no question...
It's only worth more sealed if it's NOT an MS-70. >>
Comments
In my opinion at $8000 per set you reach $2000 per coin. For an MS-70 that would still be potentially cheap but for a MS-69 or less graded coin there are other places to buy your coins and achieve a better price to pop for your coins.
Example are some of the 2003 platinum proofs and all of the 2005 platinum proofs.
Another example would be the 1856 flying eagle cent in lower circulated condition at $5000 to $6000 per coin yet with mintages of half of the platinum circulated coin.
19th century patterns with mintages of less than 50 to 100 may be obtained for under $3,000.
Once the price reached $1500 to $2000 per coin owners of these sets who purchased them for $2500 will be more tempted to sell them to regurgitate their monies into other modern or classic coins including the "next" possible US Mint deal.
At that point, I believe the supply and demand levels will reach a equilibrium as dealers by then will have been able to procure a supply of these sets for their customers.
Keep in mind that some of these platinum collectors will suddenly see the need to sell when the next platinum, gold, silver or other deal comes along from the US Mint.
Of course these reflect my opinion and are not 'facts."
<< <i>Why oreville! You sound like a communist! >>
LOL.
I wish!
Actually, I am just spouting out my analysis which is based on capitalism in its pure form.
By the way, look at what happened to the 3 pc gold set with a mintage of 10,000 for the reverse proof gold. It did finally hit a short term ceiling. The same thing will happen with the w mint platinum uncs.
Sure, 5 years from now, rather than the short term, who knows?
I don't understand this comment. The 1936 proof set sells for about 7 grand with a mintage of 3837. The 1936 proof set is struck on less than $10 worth of metal and a total of about 70,000 sets look just like them. Not to mention the millions of non-proof issues.
This set has a total mintage of somewhere in the high 2000s and is struck on about $2000 worth of platinum. There are less than 3000 that look just like them and if you count the "normal" proof issues they are still less than 10,000.
So the $6-8k per set may prove correct in the short (less than 10 years) run but saying that the "theoretical maximun market limit is $8,000" isn't based on any historical market/mintage relationships that I am aware of.
ericj96
planetsteve:
In my opinion at $8000 per set you reach $2000 per coin. For an MS-70 that would still be potentially cheap but for a MS-69 or less graded coin there are other places to buy your coins and achieve a better price to pop for your coins.
Example are some of the 2003 platinum proofs and all of the 2005 platinum proofs.
Another example would be the 1856 flying eagle cent in lower circulated condition at $5000 to $6000 per coin yet with mintages of half of the platinum circulated coin.
19th century patterns with mintages of less than 50 to 100 may be obtained for under $3,000.
Once the price reached $1500 to $2000 per coin owners of these sets who purchased them for $2500 will be more tempted to sell them to regurgitate their monies into other modern or classic coins including the "next" possible US Mint deal.
At that point, I believe the supply and demand levels will reach a equilibrium as dealers by then will have been able to procure a supply of these sets for their customers.
Keep in mind that some of these platinum collectors will suddenly see the need to sell when the next platinum, gold, silver or other deal comes along from the US Mint.
Of course these reflect my opinion and are not 'facts."
Good post
ericj96
It looks like the $10 1/10 oz. is the big winner right now, though -- I think it's getting close to $600 raw, which is about a 200% gain. (That would be like raw sets going for $7500.) My assumption is that more people find this coin affordable so there is much more competition than for the loftier fractionals and full ounce.
I erroneously omitted that important disclosure in my original post. My apology.
After the short term period of up to five years, who knows what the values will be?
Demand will become more of a factor than the supply, long term.
<< <i> On the subject of the one ounce 2006 W Platinum, I've seen a few images, and a few in person that on the reverse rim above the "States" area there is quite a bit of roughness there. Anybody else seen this? I guess they still grade high. Case in point No, not looking to buy it just curious is all. >>
Yes, I had the same thing, only to a lerrer degree, on 3 of the 1oz I send to PCGS last week (they looked fine under 5x otherwise)...it'll be interesting if PCGS let's that pass a 70....and if not, now we know why PCGS commands the premium to NCG that it does....
BTW, has anyone noticed that the 1oz in the 4 coin sets didn't show the same tendency, at least to the same percentage levels? I certainly did...
FloridaBill
<< <i>On the subject of the one ounce 2006 W Platinum, I've seen a few images, and a few in person that on the reverse rim above the "States" area there is quite a bit of roughness there. Anybody else seen this? I guess they still grade high. Case in point No, not looking to buy it just curious is all.
Yes, I saw this on some sets I sent in and they all came back 69. PCGS grades tougher on Eagles than NGC, often by as much as a point. --Jerry
Now in 1982 I had some spare money even after raising a family and I decided to buy some new coins that hit the market the gold “Panda’s”. I purchased these coins from Panda America in 1982 (mintage 15,815) and 1983 (mintage 22,470); I missed the 1984 for some reason but had the 1985-1987 coins. Well to make a long story short in 1986 these coins hit $3000 dollars for the 1982 and $2000 for the 1883. I sold and today I’ve seen the 1982 on eBay for $1200 and the 1983 for around $750 (@ $420ish gold).
I sold the 1985-1987 to my Dad in the early 90’s when I needed cash to finance a custody battle for my kids. Now I sure some of the Classic guys will say I told you so, that’s why I put the MS63 Saint example. It doesn’t matter what you collect if you see “stupid” money being paid for any item you collect I’d say “Cash Out” and wait.
I’ve only got one of each of the 2006 W’s but I’ll collect the 1/10 ounce and sell the rest. Everyone should think what they’d be happy with and sell when it hits that price if you have more than 1. The past will repeat itself, mark my word.
Link
$8,000
<< <i>Wow, $8,000 for a Set! That's a record....
$8,000 >>
Over 300% over issue price!!!!! Not bad
Keith
I just got my grades in from my last plat submissions to PCGS. I submitted 6 bulk orders (all on shared order page). Super fast turn around on all (Thank you PCGS). There definately seems to be a trend towards fewer MS70s as time went on. First order was about 60% 70s last order was down to about 20%. Anyone else seeing similar results?
PS. I just recieved my 2006-w AGE results out of 60 coins submitted 55 MS69 and 5 MS70. If other people gets similar results, Looks like the MS70 AGEs might be kinda tough.
<< <i>It looks like all the ebay sellers have significantly raised their prices on the Pcgs MS70 buy it nows. Looks like the PCGS MS69s are only up slightly.
I just got my grades in from my last plat submissions to PCGS. I submitted 6 bulk orders (all on shared order page). Super fast turn around on all (Thank you PCGS). There definately seems to be a trend towards fewer MS70s as time went on. First order was about 60% 70s last order was down to about 20%. Anyone else seeing similar results?
PS. I just recieved my 2006-w AGE results out of 60 coins submitted 55 MS69 and 5 MS70. If other people gets similar results, Looks like the MS70 AGEs might be kinda tough. >>
Out of six, I got 4 MS69 and 2 MS70.....very pleased!!!!
<< <i>
<< <i>It looks like all the ebay sellers have significantly raised their prices on the Pcgs MS70 buy it nows. Looks like the PCGS MS69s are only up slightly.
I just got my grades in from my last plat submissions to PCGS. I submitted 6 bulk orders (all on shared order page). Super fast turn around on all (Thank you PCGS). There definately seems to be a trend towards fewer MS70s as time went on. First order was about 60% 70s last order was down to about 20%. Anyone else seeing similar results?
PS. I just recieved my 2006-w AGE results out of 60 coins submitted 55 MS69 and 5 MS70. If other people gets similar results, Looks like the MS70 AGEs might be kinda tough. >>
Out of six, I got 4 MS69 and 2 MS70.....very pleased!!!! >>
Note, the above was for gold.
I only had one 1oz. Plat and got a MS70FS.
Nice results
<< <i>I only had one 1oz. Plat and got a MS70FS. >>
I wonder! Should I submit my 1oz. or keep it Mint sealed?
Clackamas did great for his Mint sealed at $2950.00 BIN!
There's only 500 Singles!
A lot less now I'm sure.
<< <i>GoldBully,
Nice results >>
Thanks Tyler, I'm quite happy with the reults.!!
<< <i>
<< <i>I only had one 1oz. Plat and got a MS70FS. >>
I wonder! Should I submit my 1oz. or keep it Mint sealed?
Clackamas did great for his Mint sealed at $2950.00 BIN!
There's only 500 Singles!
A lot less now I'm sure. >>
Why would you keep the one oz. sealed????
There's nothing to be gained except someone on eBay who thinks it's holding that lucrative MS70.
I'd send it to PCGS and pray.....I got an MS70( was graded in 2 days) and got that nasty "First Strike." designation
My $1390 opened 1oz. Plat is now worth well over $3500....for now anyway.
<< <i>
<< <i>
<< <i>I only had one 1oz. Plat and got a MS70FS. >>
I wonder! Should I submit my 1oz. or keep it Mint sealed?
Clackamas did great for his Mint sealed at $2950.00 BIN!
There's only 500 Singles!
A lot less now I'm sure. >>
Why would you keep the one oz. sealed????
There's nothing to be gained except someone on eBay who thinks it's holding that lucrative MS70.
I'd send it to PCGS and pray.....I got an MS70( was graded in 2 days) and got that nasty "First Strike." designation
My $1390 opened 1oz. Plat is now worth well over $3500....for now anyway.
The percentages of MS70's are quite low now, MS69 go for less and MS70's go for more.
PCGS sure commands a much higher premium.
Link
<< <i>Latest eBay auction....NGC MS70 Early Release Plat 1oz.
PCGS sure commands a much higher premium.
Link >>
It doesn't help that the coin/holder looks like crap.
<< <i>
<< <i>Latest eBay auction....NGC MS70 Early Release Plat 1oz.
PCGS sure commands a much higher premium.
Link >>
It doesn't help that the coin/holder looks like crap. >>
<< <i>Why would you keep the one oz. sealed???? >>
At this point, since you can no longer get the First Strike designation, ABSOLUTELY keep it sealed. It is FAR more valuable sealed than open...no question...
FloridaBill
before Jan. 11th. But it MUST remain sealed with the postmark date on it.
Only those who have opened Mint boxes cannot submit and get FS labels.
YES! W-Uncirculated PLATS ONLY!!!
<< <i>
<< <i>Why would you keep the one oz. sealed???? >>
At this point, since you can no longer get the First Strike designation, ABSOLUTELY keep it sealed. It is FAR more valuable sealed than open...no question...
FloridaBill >>
You can still get the First Strike™ designation for W-Plats as long as the sealed box's shipping (postmarked) date is 1/11/2007 or before.
If the Mint ever decides, to ever deliver
my set and if PCGS will be kind enough to
grant me all MS-70s, then I might just be rich.
Camelot
<< <i>Reserve not even met yet. Yowzer!
If the Mint ever decides, to ever deliver
my set and if PCGS will be kind enough to
grant me all MS-70s, then I might just be rich.
I hate to say it Bear.....but the First Strike designation has a big influence on that huge reserve.
<< <i>AUCTION ALERT! - PCGS MS70 4-Coin Set $7901.00 with 13 HOURS LEFT! >>
10 hours to go and counting.........................................
Here's a warning parable for coin collectors...
It's only worth more sealed if it's NOT an MS-70.
I knew it would happen.
<< <i>At this point, since you can no longer get the First Strike designation, ABSOLUTELY keep it sealed. It is FAR more valuable sealed than open...no question...
It's only worth more sealed if it's NOT an MS-70. >>
That' a good point!!
<< <i>AUCTION ALERT! - PCGS MS70 4-Coin Set $7901.00 with 13 HOURS LEFT! >>
Sold for $8,199
Camelot
Keith
On another note....there are NO RAW or PCGS $25 Plats on Ebay right now!
Thank you Eric
<< <i>TRUE! This is an amazing bargain for a $50 PCGS MS70 W-Plat!
>>
GONE, 93 minutes after bringing it to the board's attention!
I'd have thrown Quattro under a bus for that deal!!
Forum AdministratorPSA & PSA/DNA ForumModerator@collectors.com | p 800.325.1121 | PSAcard.com
<< <i>Grrrrrrrrrrrrrrr.
I'd have thrown Quattro under a bus for that deal!! >>
What, you're NOT artglass200050ey?