One day, pure collectors will be fascinated at the circumstances that caused so few of these coins to be produced and so many to be melted in subsequent years. But right now, it's not history. It's just a game. And this game is all about the money.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>One day, pure collectors will be fascinated at the circumstances that caused so few of these coins to be produced and so many to be melted in subsequent years. But right now, it's not history. It's just a game. And this game is all about the money.
>>
Excellent post and more than likely time will prove you correct.
Also I am not sure you can compare the 1995 proof silver eagle to these coins as that was a historic low mintage below all the rest by a wide margin. That is like a plat coin today with total sales under 1000.
Yes, but . . .
Here you have a coin with probably at least 6X the mintage of the 2008-W $10 unc. platinum, selling at more than 15X the price. The plat is a one-year design type, the 1995-W silver eagle is not. The 2008-W burnished plat is currently affordable to the majority of collectors, the 1995-W silver eagle is not.
My point is simply that IMO a collector is getting much more overall current value with the very low mintage $10 plat than with the somewhat low mintage silver eagle.
One day, pure collectors will be fascinated at the circumstances that caused so few of these coins to be produced and so many to be melted in subsequent years. But right now, it's not history. It's just a game. And this game is all about the money.
A glance at the prices realized for any major auction will reveal that it's never about pure collectors.
The reason that *most* dealers don't like the American Eagles in general is because they feel that they have an innate claim upon collectors' pocketbooks, and they feel betrayed by the US Mint because they've been cut out of the middleman position on everything except the bullion coins.
Q: Are You Printing Money? Bernanke: Not Literally
My point is simply that IMO a collector is getting much more overall current value with the very low mintage $10 plat than with the somewhat low mintage silver eagle.
The reason that *most* dealers don't like the American Eagles in general is because they feel that they have an innate claim upon collectors' pocketbooks, and they feel betrayed by the US Mint because they've been cut out of the middleman position on everything except the bullion coins.
I've never met a dealer that thinks that way. Can you name one?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I don't know if I can collect this next series. I feel left out. Where is the middleaged, hard working, self made, white man in this more perfect union. Oh, that's right...I will be extinct in 5 days so that's why the mint left me off. The Mint is really thinking ahead.
I wish the platinum eagles would not be compared to the silver eagles.....
Silver Eagles are collected by just about everybody, so the collector base is probably 100x+ bigger.....
There's no question that the collector base for the silver eagles is much larger than the base of platinum collectors.
If we take annual mintage figures as an indicator of the collector base, there's no question that the platinum base has been declining since 1997, during a time when bullion, and therefore issue price, was steadily increasing. If we take 2007 sales figures as a rough indicator of the collector base, there are probably only a few thousand platinum collectors. Some proof only, some w-unc only, some who collect both, and some hoarders. You're right, the silver eagle base is likely 100x bigger. Silver eagles could lose or gain a thousand collectors with a negligible impact on supply/demand.
About the only advantage I see to such a small base is that we don't need to attract many new collectors to have a dramatic impact. If platinum lost or gained a thousand collectors, it would have a huge impact. If platinum had zero collectors, these coins would only be bullion. Most of the coins basically trade as bullion anyway, so losing more collectors would have little difference other than to cement it as such. If the coins are treated as bullion for long enough, sometime in the future, if anyone still cares, whoever is left will be looking at surviving populations instead of mintage numbers; and most of the mintage numbers aren't that big to begin with. Conversely, if the coins start to gain collectors, it wouldn't take much for coins with mintages of 5,000 to increase in value. Yes, people on this board know the mintages, and many could care less. But there are a lot of collectors who don't read Numismatic News, who don't follow the PCGS board, who likely don't do the searches on ebay that would reveal these coins...
Once recent platinum mintage numbers start showing up in the Red Book -- which I do believe continues to be the resource of choice for new collectors -- we might see more people take notice. Maybe not the 1st year, maybe not the 2nd year, but a few years down the line. Eventually, collectors flipping through the Red Book look at coins outside their immediate interest, and pick up on the correlation that tends to exist between mintages and value. On top of that, at least some percentage of those hundreds of thousands of silver eagle collectors will already be flipping to pages in the neighborhood.
The reason that *most* dealers don't like the American Eagles in general is because they feel that they have an innate claim upon collectors' pocketbooks, and they feel betrayed by the US Mint because they've been cut out of the middleman position on everything except the bullion coins.
I've never met a dealer that thinks that way. Can you name one?
There have been comments in the Coin Forum to that effect, not recently, but multiple times. LS is one in particular that I can name specifically.
One day, pure collectors will be fascinated at the circumstances that caused so few of these coins to be produced and so many to be melted in subsequent years. But right now, it's not history. It's just a game. And this game is all about the money.
Oh, and I disagree with this statement as well. It's not *all* about money - if you read a few hundred of the posts in this thread, you would see that.
Q: Are You Printing Money? Bernanke: Not Literally
hi I collect 10 dollar ms 25 pr and 10 25 and 50 w ms and I know is about money. But is to something you like ..think like that and you see the diferent....
I look for buy one 2006 w ms70 pcgs 50 dollar first strike
<< <i>hi I collect 10 dollar ms 25 pr and 10 25 and 50 w ms and I know is about money. But is to something you like ..think like that and you see the diferent.... >>
I take it you're not a native English speaker, where are you?
<< <i>I wish the platinum eagles would not be compared to the silver eagles.....
Silver Eagles are collected by just about everybody, so the collector base is probably 100x+ bigger.....
There's no question that the collector base for the silver eagles is much larger than the base of platinum collectors.
If we take annual mintage figures as an indicator of the collector base, there's no question that the platinum base has been in declining since 1997, during a time when bullion, and therefore issue price, was steadily increasing. If we take 2007 sales figures as a rough indicator of the collector base, there are probably a few thousand platinum collectors. Some proof only, some w-unc. only, some who collect both, and some hoarders. You're right, the silver eagle base is likely 100x bigger. About the only advantage I see to such a small base is we don't need to attract many new collectors to have a dramatic impact. Silver eagles could lose or gain a thousand collectors with a negligible impact on supply/demand.
If platinum lost or gained a thousand collectors, it would have a huge impact. If platinum had zero collectors, these coins would only be bullion. Most of the coins basically trade as bullion anyway, so losing more collectors would have little difference other than to cement it as such. If the coins are treated as bullion for long enough, sometime in the future, if anyone still cares, whoever is left will be looking at surviving populations instead of mintage numbers; and most of the mintage numbers aren't that big to begin with. Conversely, if the coins start to gain collectors, it wouldn't take much for coins with mintages of 5,000 to increase in value. Yes, people on this board know the mintages, and many could care less. But there are a lot of collectors who don't read Numismatic News, who don't follow the PCGS board, who likely don't do the searches on ebay that would reveal these coins...
Once the numbers start showing up in the Red Book, which I do believe continues to be the resource of choice for new collectors, we might see people take notice. Maybe not the 1st year, maybe not the 2nd year, but a few years down the line. Eventually, collectors flipping through the Red Book look at coins outside their immediate interest, and pick up on the correlation that tends to exist between mintages and value. On top of that, at least some percentage of those hundreds of thousands of silver eagle collectors will already be flipping to pages in the neighborhood. >>
Yes! Yes! Many years to add collectors, and only this year to add 2008 coins. Seems like a winner if you can afford the buy-in.
I wish the platinum eagles would not be compared to the silver eagles.....
Silver Eagles are collected by just about everybody, so the collector base is probably 100x+ bigger.....
If this is true, which series has a better chance of doubling or tripling its collector base? A series that is collected by "just about everybody," or a series that is collected by "hardly anybody"?
I see the current low-mintage plats as a five to ten year hold, like the unc. Jackie Robinson gold was.
Once recent platinum mintage numbers start showing up in the Red Book -- which I do believe continues to be the resource of choice for new collectors -- we might see more people take notice. Maybe not the 1st year, maybe not the 2nd year, but a few years down the line.
Aside from aesthetics and profit potential, there's a certain satisfaction as a collector in owning a low-mintage coin. I consider the plats to be an elite series in an elite metal, and you don't have to be a member of the financial elite to collect them.
<< <i>The reason that *most* dealers don't like the American Eagles in general is because they feel that they have an innate claim upon collectors' pocketbooks, and they feel betrayed by the US Mint because they've been cut out of the middleman position on everything except the bullion coins.
I've never met a dealer that thinks that way. Can you name one?
There have been comments in the Coin Forum to that effect, not recently, but multiple times. LS is one in particular that I can name specifically.
>>
I don't know the reasons why, but every dealer I've personally talked to had a strong aversion to plats and seemed to bend over backward to steer me away from them. I'm guessing it has to do with:
a) They're new and a lot of folks just don't like anything new b) They're not in the inventory and thus can't be sold c) They haven't personally seen any demand from walk-in customers
In fact, a friend and I were recently at a very large dealer in MD. Ten years ago, I bought several plats from them. This year, the guy who waited on us was almost hostile when we asked about them. They didn't have a single one.
I don't know if I can collect this next series. I feel left out. Where is the middleaged, hard working, self made, white man in this more perfect union. Oh, that's right...I will be extinct in 5 days so that's why the mint left me off. The Mint is really thinking ahead.
Ren >>
Since 90% of these are probably going to be bought by us "poor underappreciated middleaged white men", they probably figured we didn't want to stare at ourselves too much. As for extinction, speak for yourself!
<< <i>I wish the platinum eagles would not be compared to the silver eagles.....
Silver Eagles are collected by just about everybody, so the collector base is probably 100x+ bigger.....
If this is true, which series has a better chance of doubling or tripling its collector base? A series that is collected by "just about everybody," or a series that is collected by "hardly anybody"?
I see the current low-mintage plats as a five to ten year hold, like the unc. Jackie Robinson gold was. >>
You are correct, the platinum series has that potential where the silver eagles do not. The platinum coins are a platinum opportunity for those of us collecting the coins I agree.....
I just don't like talking about the platinum coins and the 95-W SAE in any type of comparison.....
To me that is like comparing low mintage Barber coinage to Morgan Dollars.....
Collection under construction: VG Barber Quarters & Halves
I keep seeing the plat sales numbers being posted with comments of how the 1/2 and 1 ounce coins are low in sales. I have to find that amusing... since the numbers are published and posted in the groups the 1 ounce coins will not stay at a mintage of 1379 for long!
<< <i>I keep seeing the plat sales numbers being posted with comments of how the 1/2 and 1 ounce coins are low in sales. I have to find that amusing... since the numbers are published and posted in the groups the 1 ounce coins will not stay at a mintage of 1379 for long! >>
Fortunately it will probably be moot since the number of available coins is limited (IMO) and will likely be up for sale til all gone or returned defective (which could be many).
You may be right...only problem is, it will most likely take a lot longer than 30 days for them to sale out....probably into next year IF the price of platinum continues going down. I do not believe people are willing to speculate longer than 30 days.... making these coins for the long term collectors.
I personally made A LOT of money investing in gold bullion when it was well under $300 per ounce. Sold out at $1002 per ounce to be exact. Also made a few trades in my favor on retractions during the march to over $1000 per ounce before getting out altogether at $1002. Also bought silver at approx. $4.65 per ounce...selling out just over $18 per ounce.
The only coins I have ever been interested in collecting are the platinum coins. They are very DURABLE and attractive. I am specifically attracted to the burnished UNC-W plat coins and only have that type. If they stop making them, then I will no longer be collecting any coins. My point is this...this is a win win situation for a collector. As strictly an investor...which was my forte with the bullion market...I would PERSONALLY shy away from these.... otherwise only invest in a percentage that you can afford to loose and plan for a worst case scenerio. You will never loose all your money in precious metals...only a percentage...UNLIKE the stock market.
<< <i>For the 2008 $25 burnished plats: "Product will be available for shipping 11/15/2008".
Yesterday it was 11/14/2008 and the day before it was 11/13/2008 and the day before that it was 11/12/2008. >>
Thats because they are DONE!!! All that is happeneing now is that sales are continuing to be rung up on the 2000 or so total coins that were "minted". Sold coins and minted coins are two different things. The mint is continuing tio sell these on the anticipation that many will be returned. It is the OBAMA PHENOMA. A redistribution.
Agreed with your post except for one addition......many of us believe the 1500 added sales this week were just that - added SALES, bearing no relation to coins available.
IMO, the numbers look very skewed, looking for a correction in the numbers over the next week or two, my personal opinion that 1/4's did not exceed 1000 pieces in single option format.
The 4 coin sets though can make up any drop in single sales perhaps, I am not sure in three weeks it will be certain one way or the other. If everyone is holding off for two more weeks then the sales will stay flat and drop in three weeks AFTER the return window is over perhaps. This is all a toss=up right now, it is a gamble if one is hoping for low numbers.
For the coins that come under 2007 that is still a good mintage, but the 1/4 have a chance to go even higher than that. Anyway the mint tricked us, maybe not on purpose, but that release on running low on blanks made it sound like these were all going to be low mintages and the last run of coins. That doesn't seem to be the case, but time will tell [and it may take a month to sort this out].
Gotta say it's interesting that very few are talking about the proofs. To me, they are MUCH more attractive than the unc-ws. That reinforces that:
a) the frenzy over the unc-ws is 90% about low mintage/big money speculation b) the proof collector base has crashed even harder than we've discussed
It'll be interesting to see what happens when the proofs start to go dark.
Several have suggested--and I agree--that the Mint drop at least one of the three plat series. Personally, I'd like to see them drop the unc-ws, even though I've been buying them. Seems like there's still a need for the bullion and I love the proofs, but the unc-ws are really just a way for the Mint to make some extra cash--and weaken the other series.
<< <i>You may be right...only problem is, it will most likely take a lot longer than 30 days for them to sale out....probably into next year IF the price of platinum continues going down. I do not believe people are willing to speculate longer than 30 days.... making these coins for the long term collectors.
I personally made A LOT of money investing in gold bullion when it was well under $300 per ounce. Sold out at $1002 per ounce to be exact. Also made a few trades in my favor on retractions during the march to over $1000 per ounce before getting out altogether at $1002. Also bought silver at approx. $4.65 per ounce...selling out just over $18 per ounce.
The only coins I have ever been interested in collecting are the platinum coins. They are very DURABLE and attractive. I am specifically attracted to the burnished UNC-W plat coins and only have that type. If they stop making them, then I will no longer be collecting any coins. My point is this...this is a win win situation for a collector. As strictly an investor...which was my forte with the bullion market...I would PERSONALLY shy away from these.... otherwise only invest in a percentage that you can afford to loose and plan for a worst case scenerio. You will never loose all your money in precious metals...only a percentage...UNLIKE the stock market. >>
Gotta say it's interesting that very few are talking about the proofs. To me, they are MUCH more attractive than the unc-ws. That reinforces that:
a) the frenzy over the unc-ws is 90% about low mintage/big money speculation b) the proof collector base has crashed even harder than we've discussed
It'll be interesting to see what happens when the proofs start to go dark.
Several have suggested--and I agree--that the Mint drop at least one of the three plat series. Personally, I'd like to see them drop the unc-ws, even though I've been buying them. Seems like there's still a need for the bullion and I love the proofs, but the unc-ws are really just a way for the Mint to make some extra cash--and weaken the other series.
Grits,
The real reason for "b) the proof collector base has crashed even harder than we've discussed" is "a) the frenzy over the unc-ws is 90% about low mintage/big money speculation". The collector base for the proofs seemed to be strong after 2004 but part of it was due to what seemed to be "outrageous" mintages at the time. That in itself was changed in 2006 when the UNCs entered the market and beat those mintages established by the 2004 Proofs. At that point, proof speculators moved to UNCs. So, although we have lost part of the proof base due to PM fluctuations and the economy, I believe the strongest reason is that speculators have found a new vehicle for speculation on the UNCs. Too many alternatives available at the same time for the same product line forced speculators to choose a flavor, in this case and up to this point the "speculation winner" has been the UNC product line...
That is not to say that speculation has been the only reason why the proof base have decreased in size; but, it sure is a big factor in this case...
Is it "game over" for the casual flippers and weekend speculators?? It's even tough for me to decide right now how much (or how little) 2008 product I want to inventory for the years ahead!
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Comments
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>One day, pure collectors will be fascinated at the circumstances that caused so few of these coins to be produced and so many to be melted in subsequent years. But right now, it's not history. It's just a game. And this game is all about the money.
Excellent post and more than likely time will prove you correct.
how do the gold fractionals look to you?
thanks
Yes, but . . .
Here you have a coin with probably at least 6X the mintage of the 2008-W $10 unc. platinum, selling at more than 15X the price. The plat is a one-year design type, the 1995-W silver eagle is not. The 2008-W burnished plat is currently affordable to the majority of collectors, the 1995-W silver eagle is not.
My point is simply that IMO a collector is getting much more overall current value with the very low mintage $10 plat than with the somewhat low mintage silver eagle.
My Adolph A. Weinman signature
A glance at the prices realized for any major auction will reveal that it's never about pure collectors.
The reason that *most* dealers don't like the American Eagles in general is because they feel that they have an innate claim upon collectors' pocketbooks, and they feel betrayed by the US Mint because they've been cut out of the middleman position on everything except the bullion coins.
I knew it would happen.
Yes I agree that is why I have hoarded some.
Silver Eagles are collected by just about everybody, so the collector base is probably 100x+ bigger.....
I've never met a dealer that thinks that way. Can you name one?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I don't know if I can collect this next series. I feel left out. Where is the middleaged, hard working, self made, white man in this more perfect union. Oh, that's right...I will be extinct in 5 days so that's why the mint left me off. The Mint is really thinking ahead.
Ren
Silver Eagles are collected by just about everybody, so the collector base is probably 100x+ bigger.....
There's no question that the collector base for the silver eagles is much larger than the base of platinum collectors.
If we take annual mintage figures as an indicator of the collector base, there's no question that the platinum base has been declining since 1997, during a time when bullion, and therefore issue price, was steadily increasing. If we take 2007 sales figures as a rough indicator of the collector base, there are probably only a few thousand platinum collectors. Some proof only, some w-unc only, some who collect both, and some hoarders. You're right, the silver eagle base is likely 100x bigger. Silver eagles could lose or gain a thousand collectors with a negligible impact on supply/demand.
About the only advantage I see to such a small base is that we don't need to attract many new collectors to have a dramatic impact.
If platinum lost or gained a thousand collectors, it would have a huge impact. If platinum had zero collectors, these coins would only be bullion. Most of the coins basically trade as bullion anyway, so losing more collectors would have little difference other than to cement it as such. If the coins are treated as bullion for long enough, sometime in the future, if anyone still cares, whoever is left will be looking at surviving populations instead of mintage numbers; and most of the mintage numbers aren't that big to begin with. Conversely, if the coins start to gain collectors, it wouldn't take much for coins with mintages of 5,000 to increase in value. Yes, people on this board know the mintages, and many could care less. But there are a lot of collectors who don't read Numismatic News, who don't follow the PCGS board, who likely don't do the searches on ebay that would reveal these coins...
Once recent platinum mintage numbers start showing up in the Red Book -- which I do believe continues to be the resource of choice for new collectors -- we might see more people take notice. Maybe not the 1st year, maybe not the 2nd year, but a few years down the line. Eventually, collectors flipping through the Red Book look at coins outside their immediate interest, and pick up on the correlation that tends to exist between mintages and value. On top of that, at least some percentage of those hundreds of thousands of silver eagle collectors will already be flipping to pages in the neighborhood.
If they go forward with that design, it could be argued that it's racist.
Based on the response, it seems like platinum collectors are predominantly male/predominantly white.
Is the Mint symbolically selling the depicted groups to the white man?
I've never met a dealer that thinks that way. Can you name one?
There have been comments in the Coin Forum to that effect, not recently, but multiple times. LS is one in particular that I can name specifically.
One day, pure collectors will be fascinated at the circumstances that caused so few of these coins to be produced and so many to be melted in subsequent years. But right now, it's not history. It's just a game. And this game is all about the money.
Oh, and I disagree with this statement as well. It's not *all* about money - if you read a few hundred of the posts in this thread, you would see that.
I knew it would happen.
<< <i>hi I collect 10 dollar ms 25 pr and 10 25 and 50 w ms and I know is about money. But is to something you like ..think like that and you see the diferent.... >>
I take it you're not a native English speaker, where are you?
<< <i>I wish the platinum eagles would not be compared to the silver eagles.....
Silver Eagles are collected by just about everybody, so the collector base is probably 100x+ bigger.....
There's no question that the collector base for the silver eagles is much larger than the base of platinum collectors.
If we take annual mintage figures as an indicator of the collector base, there's no question that the platinum base has been in declining since 1997, during a time when bullion, and therefore issue price, was steadily increasing. If we take 2007 sales figures as a rough indicator of the collector base, there are probably a few thousand platinum collectors. Some proof only, some w-unc. only, some who collect both, and some hoarders. You're right, the silver eagle base is likely 100x bigger. About the only advantage I see to such a small base is we don't need to attract many new collectors to have a dramatic impact. Silver eagles could lose or gain a thousand collectors with a negligible impact on supply/demand.
If platinum lost or gained a thousand collectors, it would have a huge impact. If platinum had zero collectors, these coins would only be bullion. Most of the coins basically trade as bullion anyway, so losing more collectors would have little difference other than to cement it as such. If the coins are treated as bullion for long enough, sometime in the future, if anyone still cares, whoever is left will be looking at surviving populations instead of mintage numbers; and most of the mintage numbers aren't that big to begin with. Conversely, if the coins start to gain collectors, it wouldn't take much for coins with mintages of 5,000 to increase in value. Yes, people on this board know the mintages, and many could care less. But there are a lot of collectors who don't read Numismatic News, who don't follow the PCGS board, who likely don't do the searches on ebay that would reveal these coins...
Once the numbers start showing up in the Red Book, which I do believe continues to be the resource of choice for new collectors, we might see people take notice. Maybe not the 1st year, maybe not the 2nd year, but a few years down the line. Eventually, collectors flipping through the Red Book look at coins outside their immediate interest, and pick up on the correlation that tends to exist between mintages and value. On top of that, at least some percentage of those hundreds of thousands of silver eagle collectors will already be flipping to pages in the neighborhood. >>
Yes! Yes! Many years to add collectors, and only this year to add 2008 coins. Seems like a winner if you can afford the buy-in.
<< <i>eric-
how do the gold fractionals look to you?
thanks >>
I would buy a few for your collection but don't go heavy on them at this time.
Eric
<< <i>hi I from Dominican republic I sorry for my inglish >>
Hi....No need to apologize, was just curious. I thought you might be French.
Silver Eagles are collected by just about everybody, so the collector base is probably 100x+ bigger.....
If this is true, which series has a better chance of doubling or tripling its collector base? A series that is collected by "just about everybody," or a series that is collected by "hardly anybody"?
I see the current low-mintage plats as a five to ten year hold, like the unc. Jackie Robinson gold was.
My Adolph A. Weinman signature
Aside from aesthetics and profit potential, there's a certain satisfaction as a collector in owning a low-mintage coin. I consider the plats to be an elite series in an elite metal, and you don't have to be a member of the financial elite to collect them.
My Adolph A. Weinman signature
<< <i>The reason that *most* dealers don't like the American Eagles in general is because they feel that they have an innate claim upon collectors' pocketbooks, and they feel betrayed by the US Mint because they've been cut out of the middleman position on everything except the bullion coins.
I've never met a dealer that thinks that way. Can you name one?
There have been comments in the Coin Forum to that effect, not recently, but multiple times. LS is one in particular that I can name specifically.
>>
I don't know the reasons why, but every dealer I've personally talked to had a strong aversion to plats and seemed to bend over backward to steer me away from them. I'm guessing it has to do with:
a) They're new and a lot of folks just don't like anything new
b) They're not in the inventory and thus can't be sold
c) They haven't personally seen any demand from walk-in customers
In fact, a friend and I were recently at a very large dealer in MD. Ten years ago, I bought several plats from them. This year, the guy who waited on us was almost hostile when we asked about them. They didn't have a single one.
<< <i>
I don't know if I can collect this next series. I feel left out. Where is the middleaged, hard working, self made, white man in this more perfect union. Oh, that's right...I will be extinct in 5 days so that's why the mint left me off. The Mint is really thinking ahead.
Ren >>
Since 90% of these are probably going to be bought by us "poor underappreciated middleaged white men", they probably figured we didn't want to stare at ourselves too much.
<< <i>hi I from Dominican republic I sorry for my inglish >>
welcome to the forum amigo
<< <i>
<< <i>hi I from Dominican republic I sorry for my inglish >>
welcome to the forum amigo
Yeah , welcome to out strange world!
mo data
mo data
we need more data.........chuck the report this week, lets see what next week holds.......
Why worry, there's 24 days left and a $25 ticket back to Memphis.
14 out of 26 coins were rejects!
We decided to order some more and cherry pick them too.
LOL
<< <i>My wife and I just got through looking through all the plats we ordered.
14 out of 26 coins were rejects!
We decided to order some more and cherry pick them too.
LOL >>
Just how long does it take for the Mint to credit back your card?
<< <i>I wish the platinum eagles would not be compared to the silver eagles.....
Silver Eagles are collected by just about everybody, so the collector base is probably 100x+ bigger.....
If this is true, which series has a better chance of doubling or tripling its collector base? A series that is collected by "just about everybody," or a series that is collected by "hardly anybody"?
I see the current low-mintage plats as a five to ten year hold, like the unc. Jackie Robinson gold was. >>
You are correct, the platinum series has that potential where the silver eagles do not. The platinum coins are a platinum opportunity for those of us collecting the coins I agree.....
I just don't like talking about the platinum coins and the 95-W SAE in any type of comparison.....
To me that is like comparing low mintage Barber coinage to Morgan Dollars.....
<< <i>I keep seeing the plat sales numbers being posted with comments of how the 1/2 and 1 ounce coins are low in sales. I have to find that amusing... since the numbers are published and posted in the groups the 1 ounce coins will not stay at a mintage of 1379 for long!
Fortunately it will probably be moot since the number of available coins is limited (IMO) and will likely be up for sale til all gone or returned defective (which could be many).
I personally made A LOT of money investing in gold bullion when it was well under $300 per ounce. Sold out at $1002 per ounce to be exact. Also made a few trades in my favor on retractions during the march to over $1000 per ounce before getting out altogether at $1002. Also bought silver at approx. $4.65 per ounce...selling out just over $18 per ounce.
The only coins I have ever been interested in collecting are the platinum coins. They are very DURABLE and attractive. I am specifically attracted to the burnished UNC-W plat coins and only have that type. If they stop making them, then I will no longer be collecting any coins. My point is this...this is a win win situation for a collector. As strictly an investor...which was my forte with the bullion market...I would PERSONALLY shy away from these.... otherwise only invest in a percentage that you can afford to loose and plan for a worst case scenerio. You will never loose all your money in precious metals...only a percentage...UNLIKE the stock market.
For the 2008 $25 burnished plats: "Product will be available for shipping 11/15/2008".
Yesterday it was 11/14/2008 and the day before it was 11/13/2008 and the day before that it was 11/12/2008.
My Adolph A. Weinman signature
<< <i>For the 2008 $25 burnished plats: "Product will be available for shipping 11/15/2008".
Yesterday it was 11/14/2008 and the day before it was 11/13/2008 and the day before that it was 11/12/2008. >>
Thats because they are DONE!!! All that is happeneing now is that sales are continuing to be rung up on the 2000 or so total coins that were "minted". Sold coins and minted coins are two different things. The mint is continuing tio sell these on the anticipation that many will be returned. It is the OBAMA PHENOMA. A redistribution.
Agreed with your post except for one addition......many of us believe the 1500 added sales this week were just that - added SALES, bearing no relation to coins available.
IMO, the numbers look very skewed, looking for a correction in the numbers over the next week or two, my personal opinion that 1/4's did not exceed 1000 pieces in single option format.
For the coins that come under 2007 that is still a good mintage, but the 1/4 have a chance to go even higher than that. Anyway the mint tricked us, maybe not on purpose, but that release on running low on blanks made it sound like these were all going to be low mintages and the last run of coins. That doesn't seem to be the case, but time will tell [and it may take a month to sort this out].
a) the frenzy over the unc-ws is 90% about low mintage/big money speculation
b) the proof collector base has crashed even harder than we've discussed
It'll be interesting to see what happens when the proofs start to go dark.
Several have suggested--and I agree--that the Mint drop at least one of the three plat series. Personally, I'd like to see them drop the unc-ws, even though I've been buying them. Seems like there's still a need for the bullion and I love the proofs, but the unc-ws are really just a way for the Mint to make some extra cash--and weaken the other series.
<< <i>You may be right...only problem is, it will most likely take a lot longer than 30 days for them to sale out....probably into next year IF the price of platinum continues going down. I do not believe people are willing to speculate longer than 30 days.... making these coins for the long term collectors.
I personally made A LOT of money investing in gold bullion when it was well under $300 per ounce. Sold out at $1002 per ounce to be exact. Also made a few trades in my favor on retractions during the march to over $1000 per ounce before getting out altogether at $1002. Also bought silver at approx. $4.65 per ounce...selling out just over $18 per ounce.
The only coins I have ever been interested in collecting are the platinum coins. They are very DURABLE and attractive. I am specifically attracted to the burnished UNC-W plat coins and only have that type. If they stop making them, then I will no longer be collecting any coins. My point is this...this is a win win situation for a collector. As strictly an investor...which was my forte with the bullion market...I would PERSONALLY shy away from these.... otherwise only invest in a percentage that you can afford to loose and plan for a worst case scenerio. You will never loose all your money in precious metals...only a percentage...UNLIKE the stock market. >>
I agree,
Eric
good ol' PM bugs
a) the frenzy over the unc-ws is 90% about low mintage/big money speculation
b) the proof collector base has crashed even harder than we've discussed
It'll be interesting to see what happens when the proofs start to go dark.
Several have suggested--and I agree--that the Mint drop at least one of the three plat series. Personally, I'd like to see them drop the unc-ws, even though I've been buying them. Seems like there's still a need for the bullion and I love the proofs, but the unc-ws are really just a way for the Mint to make some extra cash--and weaken the other series.
Grits,
The real reason for "b) the proof collector base has crashed even harder than we've discussed" is "a) the frenzy over the unc-ws is 90% about low mintage/big money speculation". The collector base for the proofs seemed to be strong after 2004 but part of it was due to what seemed to be "outrageous" mintages at the time. That in itself was changed in 2006 when the UNCs entered the market and beat those mintages established by the 2004 Proofs. At that point, proof speculators moved to UNCs. So, although we have lost part of the proof base due to PM fluctuations and the economy, I believe the strongest reason is that speculators have found a new vehicle for speculation on the UNCs. Too many alternatives available at the same time for the same product line forced speculators to choose a flavor, in this case and up to this point the "speculation winner" has been the UNC product line...
That is not to say that speculation has been the only reason why the proof base have decreased in size; but, it sure is a big factor in this case...
Wondercoin
1/10-54
1/4-45
1/2-12
1/10-54
1/4-45
1/2-12
Wow. I didn't realize there were that many on the bay!
Edited to add: I did not realize this is post # 1997, the year that started it all. Why not celebrate with pictures?
1997 Proof Eagle:
1/10-54
1/4-45
1/2-12
Is this for 2008 or all years?
Is this for bullion, burnished or proof plats? (Or all three?)
My Adolph A. Weinman signature
1998 Proof Eagle:
1999 Proof Eagle: