"PS The 32 D and S quarters are still the keys even though the state quarters went to changing reverses. >>
"
Only because those coins are collected by and large in 1932-1964 PD&S form and the collector base for them has been established for 44 years!
Look at the total market cap for ALL silver proof quarters from 1936 to 1996 and compare them to the total market cap for the 1999 silver proof quarters alone. You will see that the production run of 1999 silver proofs is worth more than ALL the non changing reverse silver proof quarters minted over a 60 year period.
SO
Yes the Washington quarters have been hit hard by changing designs. It will show up in the plats too and thats why I warn people about the stable reverse eagle over the sun plats. They model like Arkansas halves and there is just about no worse place to be.
Amazing at the amount of arguing about numbers which will in the future just keep changing.....
I agree 100% with this comment.
The amount of arguing about the 2008 w unc platinum numbers is ridiculous.
The problem I have with the various theories about why the numbers must be wrong is simple: They take the position that, on the one hand, the sales numbers are unreliable, but on the other hand, require the belief that earlier versions of the sales numbers are accurate.
The way I see it, flawed or not, the sales numbers from the Mint are the best (and only) available information. That information may ultimately prove to be inaccurate, but until further word from the Mint -- which will come in time -- it is what we have.
In any event, the continued focus on whether 2008 will come in lower than 2006 is misplaced. That may have been important to the short term success of these coins before the Mint discontinued the series, but it is not nearly as important now.
As Eric has repeatedly pointed out, what makes platinum coins compelling and unique is that each year is effectively a different type coin with a discrete design. Whether a given denomination of the 2008 w uncs ends up with a mintage of 2,500 or 4,500, they are desirable low mintage coins which continue to be available at a very low premium over melt (with the live.com rebate offer, probably less than issue price).
Most of the comments here are from a small group who share an interest and enthusiasm for these coins. Our collective energy would be better spent sharing our enthusiasm, perspective and knowledge. Write letters to coin publications we subscribe to that are read by the larger universe of collectors. Help get this underappreciated series the attention it deserves. We should be building the collector base instead of bickering about which prediction of final mintage numbers will ultimately prove correct.
<< <i>Amazing at the amount of arguing about numbers which will in the future just keep changing.....
I agree 100% with this comment.
The amount of arguing about the 2008 w unc platinum numbers is ridiculous.
The problem I have with the various theories about why the numbers must be wrong is simple: They take the position that, on the one hand, the sales numbers are unreliable, but on the other hand, require the belief that earlier versions of the sales numbers are accurate.
The way I see it, flawed or not, the sales numbers from the Mint are the best (and only) available information. That information may ultimately prove to be inaccurate, but until further word from the Mint -- which will come in time -- it is what we have.
In any event, the continued focus on whether 2008 will come in lower than 2006 is misplaced. That may have been important to the short term success of these coins before the Mint discontinued the series, but it is not nearly as important now.
As Eric has repeatedly pointed out, what makes platinum coins compelling and unique is that each year is effectively a different type coin with a discrete design. Whether a given denomination of the 2008 w uncs ends up with a mintage of 2,500 or 4,500, they are desirable low mintage coins which continue to be available at a very low premium over melt (with the live.com rebate offer, probably less than issue price).
Most of the comments here are from a small group who share an interest and enthusiasm for these coins. Our collective energy would be better spent sharing our enthusiasm, perspective and knowledge. Write letters to coin publications we subscribe to that are read by the larger universe of collectors. Help get this underappreciated series the attention it deserves. We should be building the collector base instead of bickering about which prediction of final mintage numbers will ultimately prove correct. >>
1) arguing = discussion
2) "less than issue price" possible but not likely
3) If we could get these platinum coins to be listed with commemorative coins, which I think they are, that would go a long way to improve their collectibility.
David Harper has been taking more and more notice of the platinum coins, which is a positive sign.
His November 20th coin chat radio program provided an opportunity to focus on the platinums (starts about 6 minutes in):
Features of this week's "Collecting Money" include an "In the News" report by Coins magazine editor Bob Van Ryzin on the U.S. Mint's Last Chance Sale of surplus and discontinued items; Numismatic News Editor Dave Harper has an interview with Dan Knauth, who has been closely following sales totals on platinum American Eagle collector coins...
I'm not sure what the listener base is for coinchatradio, but the attention by David Harper is definitely a positive thing for platinums; the man definitely has a wide audience.
<< <i>"PS The 32 D and S quarters are still the keys even though the state quarters went to changing reverses. >>
"
Only because those coins are collected by and large in 1932-1964 PD&S form and the collector base for them has been established for 44 years!
Look at the total market cap for ALL silver proof quarters from 1936 to 1996 and compare them to the total market cap for the 1999 silver proof quarters alone. You will see that the production run of 1999 silver proofs is worth more than ALL the non changing reverse silver proof quarters minted over a 60 year period.
SO
Yes the Washington quarters have been hit hard by changing designs. It will show up in the plats too and thats why I warn people about the stable reverse eagle over the sun plats. They model like Arkansas halves and there is just about no worse place to be. >>
I must be missing something but if I use the PCGS price guide numbers I see the key proof silver quarter is the 1936, not a 1999 quarter.
1936 PR65 $1650 1999 PR69 $110
So the key trades for 15 times the state quarter. Market cap is high for state quarters but that doesn't mean the high market cap translates to high worth per coin as we see here.
Also the state quarters are the most popular modern series and the plat UNC are probably the most unpopular so I am not sure if they compare well.
The nickle also recently went to a changing reverse and the change did not mean the old keys lost value and the changing reverse proofs are worth almost issue price and nothing more now.
I see though where you are coming from on this, if a coin series runs on forever then low mintage may not mean much and I agree with that, that is why I am concerned about these UNC plats.
Long-term I think this is how the market will see these coins:
Plat proofs: Ended series except for one ounce Gold proofs: Continuing series Gold UNC W: Part of continuing bullion series Plat UNC W: Part of continuing bullion series Buffalo proof: Ended one year issue except for one ounce which continues Buffalo UNC: Ended one year issue except for one ounce which is part of regular continuing bullion series
So from this you see the only ended series coins are really the plat proof fractionals and Buffalo fractional one year issues. Everything else is at risk for new keys to be created under current key coins IMO. ***THIS IS KEY***
This may be why the market is seeing the buffalo fractional coins as they are, an ended series. And the proof plat fractionals will be ended once the 2008 sell out, and the keys will then be cemented in forever barring some new mint director restarting these series again.
Anyway I hope that these plat UNC W's are recognized solely for the low mintage and it is low enough that none of these regular strikes really matter as long as no new key is established under them. On that alone I would think they should all trade in 4 figures in a few years or more, maybe a decade at most. Hopefully it happens for us. But if they are part of a l-l-l-o-o-o-n-n-n-g-g-g-g plat series it may behave differently than we hope, only time will tell.
"I must be missing something but if I use the PCGS price guide numbers I see the key proof silver quarter is the 1936, not a 1999 quarter.
1936 PR65 $1650 1999 PR69 $110
So the key trades for 15 times the state quarter. Market cap is high for state quarters but that doesn't mean the high market cap translates to high worth per coin as we see here."
Answer: Right its 15 times more expensive but its 250 times rarer. If they both had even close to he same mintage the 1999 would be vastly more expensive than the 1936 quarter. The bottom line is when a series has a great deal of design change in its members the tendency is for the non changing coins to become just a type coin or have its importance in the set reduced compared to its relative rarity. If you think the unc plats will be collected by date then the mintage of the unc plats struck for bullion will be important. If you think the plats will be collected mostly by desing then what happens to the eagle over the sun uncirculated mintages in the out years will not be an issue one way or the other.
I think the platinum sets are type series and will have a long term pricing structure that reflects this. You may think that the plats will be collected by date and maybe you are right. We will just have to wait and see.
QUARTERS = 615 ROUGHLY FIXED PLUS ABOUT 1000 4 COIN SETS = 1615 TOTAL QUARTERS TENTHS = 2046 ROUGHLY FIXED PLUS ABOUT 1000 4 COIN SETS = 3046 TOTAL DIMES
If we add 800 more sets and 400 more 1/4 singles, that would make the total about 2500 1/4's--nice #
Long-term I think this is how the market will see these coins:
Plat UNC W: Part of continuing bullion series . . .
I think we will have a split market here. Some people will collect the unc. W plats only. Some will collect them as part of the bullion date-mintmark series. Some will collect by type (3 unc. plats plus 2 bullion types). Some will just "hoard the keys." The combination should make the unc. W series increasingly popular over time.
<< <i>No matter how this argument turns out all 3 years of the unc will be winners in the long run.
Even the ultra-common 2007's? >>
I would really like to know how many platinum 2007 W's were melted but that will take years to find out. Lots of the BU silver we think of as common was lost in the great melt of 1980 and we still don't know which dates/mints.
It looks like that plat numbers are bad and the buffalo numbers are what I guessed earlier, simply amazing.
This seems to be how the aftermarket is seeing things too, so I am happy I went mostly with buffalo.
The plat numbers should come down from here though except for the one ounce UNC which may rise but how far is the question. It is certainly too soon to be saying NEW KINGS when 4 coin sets are over 2100.
I actually though we would see about a 50 to 100 coin drop in sales for most of the plat UNC this week and nothing, so maybe they don't drop much, we will see next week.
If next week the numbers are still high then we may be able to stick a fork in the plat UNC for now, the buffalo on the other hand are dreary low mintages for gold, especially the 1/4. The 1/4 UNC buffalo appears to be the king but the proof are even more historically low so it is a tossup. Both buffalo types are big winners IMO.
The plat numbers should come down from here though except for the one ounce UNC which may rise but how far is the question. It is certainly too soon to be saying NEW KINGS when 4 coin sets are over 2100.
I actually though we would see about a 50 to 100 coin drop in sales for most of the plat UNC this week and nothing, so maybe they don't drop much, we will see next week.
If next week the numbers are still high then we may be able to stick a fork in the plat UNC for now
These numbers are definitely coming down, as a ton just got cancelled. Just watch, and keep your fork in your food for the time being.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
<< <i>WEEKLY SALES REPORT AS OF CLOSE OF BUSINESS 11/30/2008. 1 OZ .5 .25 .1 4 SET
UNC-W PLATS 1522 1257 1905 2485 2158
PROOF PLATS 2257 1031 1238 2694 2217
UNC W BUFF 2867 2857 4105 12624 6581
PROOF BUFF
11648 2925 5280 11319 7931
SILVER EAGLE W 418439
THE BUFFS ARE GOING TO TAKE OFF GUYS I THINK THEY WILL BE THE WINNER AMOUNG WINNERS IN 2008 >>
Am I missing something here? Why isn't anyone talking about the 1/2 oz. Buff's, both PR and MS? I mean seriously.....look at the numbers, they blow away everything!! Thoughts?
<< <i>WEEKLY SALES REPORT AS OF CLOSE OF BUSINESS 11/30/2008. 1 OZ .5 .25 .1 4 SET
UNC-W PLATS 1522 1257 1905 2485 2158
PROOF PLATS 2257 1031 1238 2694 2217
UNC W BUFF 2867 2857 4105 12624 6581
PROOF BUFF
11648 2925 5280 11319 7931
SILVER EAGLE W 418439
THE BUFFS ARE GOING TO TAKE OFF GUYS I THINK THEY WILL BE THE WINNER AMOUNG WINNERS IN 2008 >>
Am I missing something here? Why isn't anyone talking about the 1/2 oz. Buff's, both PR and MS? I mean seriously.....look at the numbers, they blow away everything!! Thoughts? >>
The Proof 1/2 oz. is awesome. The unc 1/2 is also part of the "prosperity" set and like the 07 Plat Proof 1/2 oz. will never be a contender.
1. The buffalo gold coins are truly beautiful I definitely see them as winners.
2. The prices for the 1/10 oz PF and UNC are already on the rise on Ebay. I bought a proof 1/10 for $179 minus the live discount about a week ago. Now you cannot find a BIN for the 1/10 under $225. Also, check out the completed listings! I see these as winners in the short, intermediate, and long term.
Why are these new numbers so different from what is being published in Numismatic News? NN has been a pretty good indicator until now. Does anyone know why such discrepancies?
Example:
12-2-08 NN 1 oz. Gold Buff "W" Unc - 8,060
11-30-08 Mint Report (see above) - 9,448
11-25-08 NN Report - 7,677
11-25-08 ericj Report - 8,433
Q: Are You Printing Money? Bernanke: Not Literally
I get a report from the mint once a week via e-mail. It gets posted here if there is anything good going on. I don't know why the report I get is different from NN in a few cases. Frankly with the $50 coin you speak of so far from sell out its not worth spending much time on.
<< <i>I get a report from the mint once a week via e-mail. It gets posted here if there is anything good going on. I don't know why the report I get is different from NN in a few cases. Frankly with the $50 coin you speak of so far from sell out its not worth spending much time on. >>
<< <i>I get a report from the mint once a week via e-mail. It gets posted here if there is anything good going on. I don't know why the report I get is different from NN in a few cases. Frankly with the $50 coin you speak of so far from sell out its not worth spending much time on. >>
<< One additional thing going for the fractional gold buffalo coins is the likely gradual attrition of #s due to demand for jewerly. I could see a lot of these eventually going into rings and especially pendants. At least until numismatic premium gets too high.............................. >>
If I were making jewelry for sale, I would find it much cheaper to gold-plate a high-grade buffalo nickel than to buy a $300 semi-rare coin. The end product would look about the same, but would involve less inventory cost and a higher profit margin.
Bought LOTS of buffs. Keeping a few sets, selling the rest + the singles. ? is, sell now (nice premiums on Ebay!) or wait?? Those who waited too long to sell the 06 W plats are sure sorry (thought I think that they'll be BIG winners long term).
Comments
"PS The 32 D and S quarters are still the keys even though the state quarters went to changing reverses. >>
"
Only because those coins are collected by and large in 1932-1964 PD&S form and the collector base for them has been established for 44 years!
Look at the total market cap for ALL silver proof quarters from 1936 to 1996 and compare them to the total market cap for the 1999 silver proof quarters alone. You will see that the production run of 1999 silver proofs is worth more than ALL the non changing reverse silver proof quarters minted over a 60 year period.
SO
Yes the Washington quarters have been hit hard by changing designs. It will show up in the plats too and thats why I warn people about the stable reverse eagle over the sun plats. They model like Arkansas halves and there is just about no worse place to be.
I agree 100% with this comment.
The amount of arguing about the 2008 w unc platinum numbers is ridiculous.
The problem I have with the various theories about why the numbers must be wrong is simple: They take the position that, on the one hand, the sales numbers are unreliable, but on the other hand, require the belief that earlier versions of the sales numbers are accurate.
The way I see it, flawed or not, the sales numbers from the Mint are the best (and only) available information. That information may ultimately prove to be inaccurate, but until further word from the Mint -- which will come in time -- it is what we have.
In any event, the continued focus on whether 2008 will come in lower than 2006 is misplaced. That may have been important to the short term success of these coins before the Mint discontinued the series, but it is not nearly as important now.
As Eric has repeatedly pointed out, what makes platinum coins compelling and unique is that each year is effectively a different type coin with a discrete design. Whether a given denomination of the 2008 w uncs ends up with a mintage of 2,500 or 4,500, they are desirable low mintage coins which continue to be available at a very low premium over melt (with the live.com rebate offer, probably less than issue price).
Most of the comments here are from a small group who share an interest and enthusiasm for these coins. Our collective energy would be better spent sharing our enthusiasm, perspective and knowledge. Write letters to coin publications we subscribe to that are read by the larger universe of collectors. Help get this underappreciated series the attention it deserves. We should be building the collector base instead of bickering about which prediction of final mintage numbers will ultimately prove correct.
<< <i>Amazing at the amount of arguing about numbers which will in the future just keep changing.....
I agree 100% with this comment.
The amount of arguing about the 2008 w unc platinum numbers is ridiculous.
The problem I have with the various theories about why the numbers must be wrong is simple: They take the position that, on the one hand, the sales numbers are unreliable, but on the other hand, require the belief that earlier versions of the sales numbers are accurate.
The way I see it, flawed or not, the sales numbers from the Mint are the best (and only) available information. That information may ultimately prove to be inaccurate, but until further word from the Mint -- which will come in time -- it is what we have.
In any event, the continued focus on whether 2008 will come in lower than 2006 is misplaced. That may have been important to the short term success of these coins before the Mint discontinued the series, but it is not nearly as important now.
As Eric has repeatedly pointed out, what makes platinum coins compelling and unique is that each year is effectively a different type coin with a discrete design. Whether a given denomination of the 2008 w uncs ends up with a mintage of 2,500 or 4,500, they are desirable low mintage coins which continue to be available at a very low premium over melt (with the live.com rebate offer, probably less than issue price).
Most of the comments here are from a small group who share an interest and enthusiasm for these coins. Our collective energy would be better spent sharing our enthusiasm, perspective and knowledge. Write letters to coin publications we subscribe to that are read by the larger universe of collectors. Help get this underappreciated series the attention it deserves. We should be building the collector base instead of bickering about which prediction of final mintage numbers will ultimately prove correct. >>
1) arguing = discussion
2) "less than issue price" possible but not likely
3) If we could get these platinum coins to be listed with commemorative coins, which I think they are, that would go a long way to improve their collectibility.
His November 20th coin chat radio program provided an opportunity to focus on the platinums (starts about 6 minutes in):
Features of this week's "Collecting Money" include an "In the News" report by Coins magazine editor Bob Van Ryzin on the U.S. Mint's Last Chance Sale of surplus and discontinued items; Numismatic News Editor Dave Harper has an interview with Dan Knauth, who has been closely following sales totals on platinum American Eagle collector coins...
coinchatradio
I'm not sure what the listener base is for coinchatradio, but the attention by David Harper is definitely a positive thing for platinums; the man definitely has a wide audience.
<< <i>"PS The 32 D and S quarters are still the keys even though the state quarters went to changing reverses. >>
"
Only because those coins are collected by and large in 1932-1964 PD&S form and the collector base for them has been established for 44 years!
Look at the total market cap for ALL silver proof quarters from 1936 to 1996 and compare them to the total market cap for the 1999 silver proof quarters alone. You will see that the production run of 1999 silver proofs is worth more than ALL the non changing reverse silver proof quarters minted over a 60 year period.
SO
Yes the Washington quarters have been hit hard by changing designs. It will show up in the plats too and thats why I warn people about the stable reverse eagle over the sun plats. They model like Arkansas halves and there is just about no worse place to be. >>
*******************************************************************
I must be missing something but if I use the PCGS price guide numbers I see the key proof silver quarter is the 1936, not a 1999 quarter.
1936 PR65 $1650
1999 PR69 $110
So the key trades for 15 times the state quarter. Market cap is high for state quarters but that doesn't mean the high market cap translates to high worth per coin as we see here.
Also the state quarters are the most popular modern series and the plat UNC are probably the most unpopular so I am not sure if they compare well.
The nickle also recently went to a changing reverse and the change did not mean the old keys lost value and the changing reverse proofs are worth almost issue price and nothing more now.
I see though where you are coming from on this, if a coin series runs on forever then low mintage may not mean much and I agree with that, that is why I am concerned about these UNC plats.
Long-term I think this is how the market will see these coins:
Plat proofs: Ended series except for one ounce
Gold proofs: Continuing series
Gold UNC W: Part of continuing bullion series
Plat UNC W: Part of continuing bullion series
Buffalo proof: Ended one year issue except for one ounce which continues
Buffalo UNC: Ended one year issue except for one ounce which is part of regular continuing bullion series
So from this you see the only ended series coins are really the plat proof fractionals and Buffalo fractional one year issues. Everything else is at risk for new keys to be created under current key coins IMO. ***THIS IS KEY***
This may be why the market is seeing the buffalo fractional coins as they are, an ended series. And the proof plat fractionals will be ended once the 2008 sell out, and the keys will then be cemented in forever barring some new mint director restarting these series again.
Anyway I hope that these plat UNC W's are recognized solely for the low mintage and it is low enough that none of these regular strikes really matter as long as no new key is established under them. On that alone I would think they should all trade in 4 figures in a few years or more, maybe a decade at most. Hopefully it happens for us. But if they are part of a l-l-l-o-o-o-n-n-n-g-g-g-g plat series it may behave differently than we hope, only time will tell.
1936 PR65 $1650
1999 PR69 $110
So the key trades for 15 times the state quarter. Market cap is high for state quarters but that doesn't mean the high market cap translates to high worth per coin as we see here."
Answer:
Right its 15 times more expensive but its 250 times rarer. If they both had even close to he same mintage the 1999 would be vastly more expensive than the 1936 quarter. The bottom line is when a series has a great deal of design change in its members the tendency is for the non changing coins to become just a type coin or have its importance in the set reduced compared to its relative rarity. If you think the unc plats will be collected by date then the mintage of the unc plats struck for bullion will be important. If you think the plats will be collected mostly by desing then what happens to the eagle over the sun uncirculated mintages in the out years will not be an issue one way or the other.
I think the platinum sets are type series and will have a long term pricing structure that reflects this. You may think that the plats will be collected by date and maybe you are right. We will just have to wait and see.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
<< <i>Sorry....duplicate entry! >>
Great news! I am betting that after the first of the year that these Buffs are going to catch on fire like the ASE 3 Coin Sets did!
I think these will all be going for double issue price right out of the gate and heading higher!
All of my 1/4 0z unc plats....(40) total placed at 8:00 am 10/22/08 all got canceled today..............Item is no longer available.
Any #'s for this week yet?
San Diego, CA
<< <i>All of my 1/4 0z unc plats....(40) total placed at 8:00 am 10/22/08 all got canceled today..............Item is no longer available. >>
Get ready everybody, cause here comes the whirlwind!
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
<< <i>All of my 1/4 0z unc plats....(40) total placed at 8:00 am 10/22/08 all got canceled today..............Item is no longer available. >>
Here are #'s given by Eric
CUMULATIVE SALES FOR EVERYTHING IN ALL FORMS AS OF THE CLOSE OF BUSINESS 10/21/2008
1.........213+668=881
.5........292+668=960
.25......615+668=1283
.1........2046+668=2714
QUARTERS = 615 ROUGHLY FIXED PLUS ABOUT 1000 4 COIN SETS = 1615 TOTAL QUARTERS
TENTHS = 2046 ROUGHLY FIXED PLUS ABOUT 1000 4 COIN SETS = 3046 TOTAL DIMES
If we add 800 more sets and 400 more 1/4 singles, that would make the total about 2500 1/4's--nice #
Joe
Plat UNC W: Part of continuing bullion series . . .
I think we will have a split market here. Some people will collect the unc. W plats only. Some will collect them as part of the bullion date-mintmark series. Some will collect by type (3 unc. plats plus 2 bullion types). Some will just "hoard the keys." The combination should make the unc. W series increasingly popular over time.
My Adolph A. Weinman signature
Orders for 1/4's and other items getting CANCELLED.
One to two weeks max of sales reports now needed to show the DECREASE in sales/orders.....
IMO, no more than 1100 single issue 1/4's and no more than 1250 sets
HELLO NEW KINGS.....
Even the ultra-common 2007's?
My Adolph A. Weinman signature
<< <i>No matter how this argument turns out all 3 years of the unc will be winners in the long run. >>
but if the 08's turn out to be 1 coin less than 06's, then the pricing structure that has developed over the last 2 years for the 06 could be
instantaneously applied to the 08's. I think that would be most convenient don't you think?
And yes they are all very cool coins in hand.
<< <i>No matter how this argument turns out all 3 years of the unc will be winners in the long run.
Even the ultra-common 2007's?
I would really like to know how many platinum 2007 W's were melted but that will take years to find out. Lots of the BU silver we think of as common was lost in the great melt of 1980 and we still don't know which dates/mints.
<< <i>[Q
2) "less than issue price" possible but not likely
q]
Actually you can buy 2008-W Uncs 1/10 oz on e-bay right now for $126 w/MS cashback. Issue price $135
I scraped 40+ oz. of 2006 and 2007s.
Mostly I broke up 4 coin sets keeping the 1/10 and 1/4ths figuring I made more than enough on the 1 and 1/2 oz. to clear the other 2.
I do not believe I was the only one to take this action.
Bottom line.........2007-W uncirculated platinum eagles likely have seen significant declines in existing numbers.
Particularly the 1 oz. and 1/2 oz. coins.
1 OZ
.5
.25
.1
4 SET
UNC-W PLATS
1522
1257
1905
2485
2158
PROOF PLATS
2257
1031
1238
2694
2217
UNC W BUFF
2867
2857
4105
12624
6581
PROOF BUFF
11648
2925
5280
11319
7931
SILVER EAGLE W
418439
THE BUFFS ARE GOING TO TAKE OFF GUYS I THINK THEY WILL BE THE WINNER AMOUNG WINNERS IN 2008
<< <i>All of my 1/4 0z unc plats....(40) total placed at 8:00 am 10/22/08 all got canceled today..............Item is no longer available. >>
Me to this AM 10 orders on 11/21/08 Canceled.
Hoard the keys.
This seems to be how the aftermarket is seeing things too, so I am happy I went mostly with buffalo.
The plat numbers should come down from here though except for the one ounce UNC which may rise but how far is the question. It is certainly too soon to be saying NEW KINGS when 4 coin sets are over 2100.
I actually though we would see about a 50 to 100 coin drop in sales for most of the plat UNC this week and nothing, so maybe they don't drop much, we will see next week.
If next week the numbers are still high then we may be able to stick a fork in the plat UNC for now, the buffalo on the other hand are dreary low mintages for gold, especially the 1/4. The 1/4 UNC buffalo appears to be the king but the proof are even more historically low so it is a tossup. Both buffalo types are big winners IMO.
So plats
Buffaloes :
I could see a lot of these eventually going into rings and especially pendants.
At least until numismatic premium gets too high..............................
The plat numbers should come down from here though except for the one ounce UNC which may rise but how far is the question. It is certainly too soon to be saying NEW KINGS when 4 coin sets are over 2100.
I actually though we would see about a 50 to 100 coin drop in sales for most of the plat UNC this week and nothing, so maybe they don't drop much, we will see next week.
If next week the numbers are still high then we may be able to stick a fork in the plat UNC for now
These numbers are definitely coming down, as a ton just got cancelled. Just watch, and keep your fork in your food for the time being.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
<< <i>WEEKLY SALES REPORT AS OF CLOSE OF BUSINESS 11/30/2008.
1 OZ
.5
.25
.1
4 SET
UNC-W PLATS
1522
1257
1905
2485
2158
PROOF PLATS
2257
1031
1238
2694
2217
UNC W BUFF
2867
2857
4105
12624
6581
PROOF BUFF
11648
2925
5280
11319
7931
SILVER EAGLE W
418439
THE BUFFS ARE GOING TO TAKE OFF GUYS I THINK THEY WILL BE THE WINNER AMOUNG WINNERS IN 2008 >>
Am I missing something here? Why isn't anyone talking about the 1/2 oz. Buff's, both PR and MS? I mean seriously.....look at the numbers, they blow away everything!! Thoughts?
<< <i>
<< <i>WEEKLY SALES REPORT AS OF CLOSE OF BUSINESS 11/30/2008.
1 OZ
.5
.25
.1
4 SET
UNC-W PLATS
1522
1257
1905
2485
2158
PROOF PLATS
2257
1031
1238
2694
2217
UNC W BUFF
2867
2857
4105
12624
6581
PROOF BUFF
11648
2925
5280
11319
7931
SILVER EAGLE W
418439
THE BUFFS ARE GOING TO TAKE OFF GUYS I THINK THEY WILL BE THE WINNER AMOUNG WINNERS IN 2008 >>
Am I missing something here? Why isn't anyone talking about the 1/2 oz. Buff's, both PR and MS? I mean seriously.....look at the numbers, they blow away everything!! Thoughts? >>
The Proof 1/2 oz. is awesome. The unc 1/2 is also part of the "prosperity" set and like the 07 Plat Proof 1/2 oz. will never be a contender.
1. The buffalo gold coins are truly beautiful I definitely see them as winners.
2. The prices for the 1/10 oz PF and UNC are already on the rise on Ebay. I bought a proof 1/10 for $179 minus the live discount about a week ago. Now you cannot find a BIN for the 1/10 under $225. Also, check out the completed listings! I see these as winners in the short, intermediate, and long term.
Example:
12-2-08 NN 1 oz. Gold Buff "W" Unc - 8,060
11-30-08 Mint Report (see above) - 9,448
11-25-08 NN Report - 7,677
11-25-08 ericj Report - 8,433
I knew it would happen.
<< <i>One additional thing going for the fractional gold buffalo coins is the likely gradual attrition of #s due to demand for jewerly.
I could see a lot of these eventually going into rings and especially pendants.
At least until numismatic premium gets too high.............................. >>
I totally agree with you, ESPECIALLY the quarters!! They are perfect jewelry-size coins!
<< <i>Corrected: APEs' Sales #s >>
<< <i>I get a report from the mint once a week via e-mail. It gets posted here if there is anything good going on. I don't know why the report I get is different from NN in a few cases. Frankly with the $50 coin you speak of so far from sell out its not worth spending much time on. >>
Which $50 coin are you refering to??
the $50 proof platinum I'm guessing.
<< <i>
<< <i>I get a report from the mint once a week via e-mail. It gets posted here if there is anything good going on. I don't know why the report I get is different from NN in a few cases. Frankly with the $50 coin you speak of so far from sell out its not worth spending much time on. >>
Which $50 coin are you refering to?? >>
The 1 oz Buffalo in the Jmski52 post above.
If I were making jewelry for sale, I would find it much cheaper to gold-plate a high-grade buffalo nickel than to buy a $300 semi-rare coin. The end product would look about the same, but would involve less inventory cost and a higher profit margin.
My Adolph A. Weinman signature
How many panda or eagle 1/10 and 1/4 oz. pendants have you seen??
Do you really think the person who bought them wanted a $10 coin that looked like a $100-$250 coin or did they want the real thing??