10th Anniversary Platinum Set

Bikingnut

I apologize if this has been discussed recently, but when I try to do a search, I get the "an error has occurred" message. I see these are going on sale December 13th at noon. one set per household, at the price of $1949.95. With 30,000 sets planned, is the platinum Eagle collector base strong enough to support the price in the aftermarket? Just wondering if I want to lay out two grand for a set. Any opinions?

Dennis

Bullish

I wouldn't buy it, unless you plan on keeping it. Then again, the mint might cut them off early, and make them fairly rare! Who know's.

MrEureka

I'm not sure if I'm going to buy this set. Please help me make up my mind. If you have a better idea how to spend $1950 on coins, please post images of the alternative coins to this thread.

TwoSides2aCoin

<< <i>I'm not sure if I'm going to buy this set. Please help me make up my mind. If you have a better idea how to spend $1950 on coins, please post images of the alternative coins to this thread. >>




I have several rolls of silver widgets weighing in at fifteen pounds.

OPA

<< <i>I'm not sure if I'm going to buy this set. Please help me make up my mind. If you have a better idea how to spend $1950 on coins, please post images of the alternative coins to this thread. >>




20 US MINT 2006 DENVER SAC ROLLS.

Link

GAT

With a mintage of 30k this set will be available for a long time from the Mint. I would advise you to wait and see how sales develop.

Rarity

Cost of 1 platinum 10th anniversary set $1956 (shipping of $5.95 included)
Sell 1/2 oz proof platinum for $725 (an ounce of platinum is worth $1450)

My cost for the Reverse Proof Platinum coin: $1956-$725= $1231

The question is: Do I want to spend $1231 to acquire this Reverse Proof coin?

If the Mint cut this program short, the answer is YES

jmski52

This Anniversary Set issue seems to be a perfect example of the Mint's playing a game of "chicken" with its customers.

tincup

The US Mint has learned from us. They have left money laying on the table too many times in the past to suit them.... so they are now trying to capitalize on the extra profit instead of letting the customers get the extra....

BECOKA

<< <i>

<< <i>I'm not sure if I'm going to buy this set. Please help me make up my mind. If you have a better idea how to spend $1950 on coins, please post images of the alternative coins to this thread. >>




I have several rolls of silver widgets weighing in at fifteen pounds. >>



This should cost about the same.
]

smokincoin

<< <i>With 30,000 sets planned, is the platinum Eagle collector base strong enough to support the price in the aftermarket?

Dennis >>



No!

FLBuffaloHunter

My take on it is the 'Enhanced' Reverse Proof version of the Executive reverse design is simply stunning and will be one of the most prized, classic and sought after of modern Mint issues, especially in the PR70 grade. To those looking to flip, I feel those that order first and and submit to PCGS in time to receive the First Strike® designation will do the best. If the Reverse Proof Gold from the 20th anniversary set last year is any indication, the platinum Reverse Proof should have a high 70 to 69 ratio (better than 50%) meaning those that order in bulk should all do well.

JohnMaben

We took enough commitments today at $2150 that we are lowering our buy price tomorrow......
30,000 times $1950 issue price is $58,500,000. That's alot of money.....

rbalderman1

Mr. maben how many sets are you trying to get?

JohnMaben

Around 300 or so to start. Depending on how those sell, maybe more.

rbalderman1

How many sets will HSN and Shop at home get 5,000 each? I hope the mint cuts these short and don't extend the limit to more than 5.

JohnMaben

I think they will hold the one set limit and sell out in 30 days.

rbalderman1

Wow, really.... I think fot the everyday collctor to shell out about 1200 as mentioned above is a little steep for most? Dos any1 know if PCGS or NGc is doing the special designations for these sets?

08HALA20

Here is the link if you want to preload your cart to avoid the backlog.

Plat set preload

I think I will order a set and do what some have said and sell the regular proof and keep the Reverse proof.
Hopefully NGC or PCGS will designate both as Anniversary coins.


Rookie Joe

BECOKA

Sorry, when is the sale date on these? The mint's upcoming products still only go through November.

aficionado

<< <i>Sorry, when is the sale date on these? The mint's upcoming products still only go through November. >>



This Thursday, the 13th.

08HALA20

Here is the link Becoka:

Plat link

Joe

FLBuffaloHunter

NGC has posted their Platinum 10th Anniversary Eagles guidelines. In order for the Proof to receive the designation, the sealed Mint box must be sent in for grading. Once opened, only the Reverse Proof qualifs for the 10th anniversary pedigree.

Coinlearner

Recieved US Mint post card today, offering the set. They seem to want to get the word out on these. Many times I would get the mailings long after sell-out...........Yah, will be ordering at 12:00 Thrus. No cold feet yet

08HALA20

<< <i>NGC has posted their Platinum 10th Anniversary Eagles guidelines. In order for the Proof to receive the designation, the sealed Mint box must be sent in for grading. Once opened, only the Reverse Proof qualifs for the 10th anniversary pedigree. >>




Thanks for the link.

I hope PCGS follows.

Joe

MilesWaits

Mr. Maben, a question:
Do you have an idea yet of what price you will be seeking the Sets at initially?

Miles

JohnMaben

We have a post over on the BST right now. We bought many at $2150., and are now paying $2100 subject to the terms in the BST post, thanks.

RYK

<< <i>We have a post over on the BST right now. We bought many at $2150., and are now paying $2100 subject to the terms in the BST post, thanks. >>



Seems like a lot of hassle for less than a buck fifty.

JohnMaben

Depends on how you look at it. In every case the people that pre sell us Mint products have received our check long before the credit card bill comes due providing they shipped us the coins promptly (also the mint does not charge your card until they ship) and they get points or miles on their card and $150 sounds like a nice dinner out.... sounds like a deal to me.....

BAJJERFAN

<< <i>

<< <i>We have a post over on the BST right now. We bought many at $2150., and are now paying $2100 subject to the terms in the BST post, thanks. >>



Seems like a lot of hassle for less than a buck fifty. >>



I figger today a guy coulda made $125 or so. Not TOO bad for simply remailin a box.

Bochiman

<< <i>

<< <i>We have a post over on the BST right now. We bought many at $2150., and are now paying $2100 subject to the terms in the BST post, thanks. >>



Seems like a lot of hassle for less than a buck fifty. >>



All depends on what one is used to, monetarily.
I know a lot of people that go through a lot more for less than $100. I know people that make $8 or $10/hr.

I also know people that have more money than they know what to do with...millionaires many times over. People that have had home theaters in their houses for years. Not talking a dark room and couch either. They couldn't be bothered by doing something like this.

On this board, we have doctors, etc, where $150 is chump change. They spend that much on drinks in 1 night.
There are also people who are trying to make ends meet. Maybe their whole coin budget for a month is that $150. This could be a good thing for them.

I am doing it, along with a friend of mine, as 10% is a quick flip and, while I wouldn't have bought to hold and I wasn't looking to buy/flip this, it does help John/George out, I get paid, and there is no real risk.

RYK

<< <i>Depends on how you look at it. In every case the people that pre sell us Mint products have received our check long before the credit card bill comes due providing they shipped us the coins promptly (also the mint does not charge your card until they ship) and they get points or miles on their card and $150 sounds like a nice dinner out.... sounds like a deal to me..... >>



Not trying to be argumentative, but after from the Mint and postage to you ($15 or so) and taxes, I am looking at about $85, tops. Sure, it's better than nothing, but not enough to motivate some of us to brave the post office at holiday time.

That said, if you are inclined, I would endorse Mr. Maben's firm. I bought the Jefferson First Spouse from the Mint, did not care for it, sold it to MCM, and received a prompt check.

Edit: Bochiman, I just saw your post. It's not just about the money, but it's also about committing the product to someone else and not participating in any significant upside (if there is any). Remember, Mr. Maben is not running a charity; he intends to profit from this arrangement, and I doubt he would be going through the hassle if he only expected to realize 10%. I am more inclined to buy it and see what happens. His buy price might go up after the sets go on sale.

JohnMaben

True, I am in business to make money, but I am taking all of the risk here. 30,000 is not a low mintage, and at $2100 I am in these sets at 37% over melt...

rbalderman1

On this board, we have doctors, etc, where $150 is chump change. They spend that much on drinks in 1 night. >>



Ummmm...... who on this board doesn't spend more than $150 a night on booze when we go out. :&lt

CHEESEBURGER

I'm not purchasing this set, I just dont see any reason to buy it. it's not a good investment.

Goldbully

<< <i>I'm not purchasing this set, I just dont see any reason to buy it. it's not a good investment.

>>



You made me hungry, CHEESEBURGER!!

Mustard, onion and pickles please......Yummmm!!!!

No Plat for you, eh???

I'm tempted because FLBuff is a damn good salesman!!!!


ps. I predict this will be a HUGE thread!!!!!!! Bikingnut has no clue as to his unassuming post.

7over8

...

FLBuffaloHunter

I don't think the 70's will be hard to come by for the platinum Reverse Proof. The gold Reverse Proof's from last year have a 52% PCGS graded 70 population. The Mint inicates State-of-the-art technology was used to craft the dies for the reverse proof coins. Hopefully, this will indicate high quality strikes with the 30,000 limited mintage. I like the odds of submitting the coins for grading myself, especially since I think the First Strike® marketplace premium should be subtantial enough to warrant the risk.

7over8

the coins are worth at least 100 over melt.

1550.

think of it as a 400 lottery ticket.

I agree that FS coins will probably do well. Who knows, maybe the 10th Anniv labeled Regular Proof in PR70 will be a low pop coin and rocket like the reg Gold 20th Anniv labeled coin did in 06.

Goldbully

<< <i>O8HALA20
not a good idea posting a preload link >>



How does one get a preload link???? sheeesh!!!

08HALA20

<< <i>

<< <i>O8HALA20
not a good idea posting a preload link >>




I don't think there is a real need for a preloaded cart on this issue. Anyone who wants one I think will get one in short time.



How does one get a preload link???? sheeesh!!! >>




You won't believe how I stumbled across it.


The Product ID # on the regular page for this product is 143498

I noticed that the 2nd and 3rd last #'s change so I change the 49 until I find the right #.
This time it was easy it was 50---143508.

Madison coin cover is the same way this time. Product ID # is 143478 change it to 143488 and you have the preload link.

Joe

Edited madison ID #.s

Goldbully

<< <i>

<< <i>

<< <i>O8HALA20
not a good idea posting a preload link >>




I don't think there is a real need for a preloaded cart on this issue. Anyone who wants one I think will get one in short time.



How does one get a preload link???? sheeesh!!! >>




You won't believe how I stumbled across it.


The Product ID # on the regular page for this product is 143498

I noticed that the 2nd and 3rd last #'s change so I change the 49 until I find the right #.
This time it was easy it was 50---143508.

Madison coin cover is the same way this time. Product ID # is 143488 change it to 143498 and you have the preload link.

Joe >>



Joe, you are one slick sonofa......

Bikingnut

If the Reverse Proof Gold from the 20th anniversary set last year is any indication, the platinum Reverse Proof should have a high 70 to 69 ratio (better than 50%) meaning those that order in bulk should all do well.

Yeah but there were only 10,000 of those andmost likely a much larger collector base.

Dennis

7over8

.....

FLBuffaloHunter

<< <i>If the Reverse Proof Gold from the 20th anniversary set last year is any indication, the platinum Reverse Proof should have a high 70 to 69 ratio (better than 50%) meaning those that order in bulk should all do well.

Yeah but there were only 10,000 of those andmost likely a much larger collector base.

Dennis >>


Mintage while important, is not the only factor when determining value. Appeal and desirability are just as important. The Reverse Proof gold eagles had the same design the Mint has been using since the program started. In the case of the 10th anniversary Reverse Proof platinum eagle, the coin finish was specially designed to enhance the entire design and IMO should really make the coin spectacular in the appeal factor. How many will want one is to be seen, which will affect mostly the 69 values but I do believe the 70's will sell for a substantial premium.

ddink

<< <i>Not trying to be argumentative, but after from the Mint and postage to you ($15 or so) and taxes, I am looking at about $85, tops. Sure, it's better than nothing, but not enough to motivate some of us to brave the post office at holiday time. >>



Put the Mint box inside a larger box and pack it in. Use the nasty paper tape to secure it. Takes about 15 minutes.
Drive to the post office. Takes 15-20 minutes for most people.
Stand in line for 30-40 minutes.
Deposit your check.

You're making $85 for 60-75 minutes worth of work. Not worth your time? Okay, then don't do it. But I'm darned thrilled to make around $85 an hour--for a job that easy!