It's time...10th anniversary platinum sets on sale!!!

rbalderman1

Who's in and are you fllippin or keepin? I am getting just 1 and keepin.

LickThoseStamps

$2,000 for $1500 worth of platinum? That is a pretty expensive box!

I think I will wait and pick up a set at bullion price.

fcloud

It should be interesting. I just don't think I will be in, but who know the spur of the moment thing I just might!

mackdriver

I'm in for one.

BAJJERFAN

<< <i>$2,000 for $1500 worth of platinum? That is a pretty expensive box!

I think I will wait and pick up a set at bullion price. >>



So the die makers and press operators and all the other folks there work for free? The mint can turn bullion metal into coins with no additional cost or work??

Classof67

I'm in, it's already sold to Modern Coin Mart!

Bear

I see the purchase as a business man's risk.

$ 1450 for one oz of Platinum

$ 250 premium for reverse proof

____________________
$ 1700 Value

$ 300 risk money


If we weigh the possible benefit vs risk, we must consider the following:

Possibility of PR 70 Reverse proof........would be worth $1700 to 2500 (30%-40% chance)

Possibility of PR 70 proof FS................. would be worth $ 900 to 1200 (30%-40% chance)

Possibility of Platinum increasing ......... Would raise value of PR & Rev PR in 69 grade to
Platinum to 1600 oz to 1850 (including Rev Pr Premium)

Thus: a $300 possible loss vs a possible 1850 profit.

This purchase seems to have potential.


I would anticipate the sale of 12,000 - 15,000 sets.

If I am wrong........well,.......what do you expect from a bear.

partagas

I shall be buying two sets! Keeping one.

planetsteve

<< <i>

Thus: a $300 possible loss vs a possible 1850 profit.
This purchase seems to have potential. >>



Now I feel silly for planning to flip mine, unsealed, to my local coin dealer.

I bet these do as well as the 06 Buffalo Proofs -- stratospheric limit, but with 80% sold.

(Okay, maybe not 80%, but still more far more sold units than the actual number of Plat collectors.)

Edit: back off from crazy talk

123cents

I'M IN!! Maybe.

ricko

No.. not interested.... not a flipper... Cheers, RickO

Bear

I thought one had to be a seal to have flippers?

TwoSides2aCoin

I think it's a good play as numistmatics goes. I just refuse to use CREDIT to purchase it, so I'm out this year.

BAJJERFAN

<< <i>I thought one had to be a seal to have flippers? >>



Or a pin ball machine!!

VicThrust

<< <i>

<< <i>I thought one had to be a seal to have flippers? >>



Or a pin ball machine!! >>



Or a thalidamide baby!

astrorat

<< <i>Or a thalidamide baby! >>



Wow!

Didn't see THAT one coming!

Lane

bestday

I'm in for 2 sets.....I find it very amusing that the 10 th Anniv Plat set is being dissected for the cost vs melt ..funny when the 2006 Gold Anniv 3pc set doubled from the Mint cost at the start , I didn't see sellers , posters cut up the cost vs melt thing the same way .
The crap shoot here is getting a PCGS 70 Reverse grade ..Is PCGS having a 1st strike time window for the Plat set ?

BAJJERFAN

It was actually thalidOmide!!

Fountainhead

Not me. I want more from a coin with such a huge premium over melt.

When recession hits, Pt will go down anyway. If I change my mind and want one, I'll get it cheap.

Bikingnut

Probably not me. I'll wait and see how they are going.

I'm in for 2 sets.....I find it very amusing that the 10 th Anniv Plat set is being dissected for the cost vs melt ..funny when the 2006 Gold Anniv 3pc set doubled from the Mint cost at the start , I didn't see sellers , posters cut up the cost vs melt thing the same way .

Yes, but again, the 20th anniversary gold set had a mintage of 10,000, and a much broader collector base.

Dennis

Griv

<< <i>$2,000 for $1500 worth of platinum? That is a pretty expensive box!

I think I will wait and pick up a set at bullion price. >>




You'll be waiting the rest of your life. These coins will never sell at bullion unless we are talking damaged and uncollectable. Anyone want to buy one and flip it to me then just PM me. A quick way to make a buck even if you hate the coin.

coinman420

too high of a markup and too high of a mintage makes me want to sit and watch this one. this is not going to sell out in 1 hour. last year i bought 1 `06-W unc 1 oz for $1390(if i remember correctly) and in 1 year melt price has gone higher. with this anniv. set it will take longer. if they cut sales at 5000-10,000 it should do good. if 30,000 sell then i don`t want them.

7over8

dont let anyone fool you here......they are ALL in for at least a set......

remember that RISK FREE 30 day return policy.....

Griv

That sounds about right. This will end up a key date and sure 30,000 is high but there are what 400,000,000 people in the US and some 5,000,000,000 in the world. If only 1/10,000th of the world's population (more have AIDS) had any interest (or the money), that would still be 500,000 looking at 30,000 or almost 17:1. Better yet, no one buys the damn things but me and then I sell them for millions! Okay, maybe not but still this is going to be an exciting coin. Please PM me to sell your set!

FLBuffaloHunter

A PCGS First Strike® 2006-W gold Buffalo despite having a potential maximum mintage of 300,000 still sells today for 3x it's cost from the Mint and double what the First Strike® 2007-W Buffalo goes for even though the maximum mintage is 200,000 for the 2007-W Buffalo. IMO the PCGS First Strike® PR70 Reverse Proof 10th anniversary platinum eagle appeal and demand will outweigh the potentially high mintage of 30,000 and like the Buffalo will trade for a substantial premium over the non First Strike® designated coin. Also, I doubt all the coins will be shipped by the Mint in time for the First Strike® window, thus limiting the First Strike® population to a fraction of the sets shipped within the 30 day window and submitted to PCGS for grading.

Griv

So, I guess that is a NO to selling me your set.

Bear

The only reason I laid out a loss vs gain calculation

is to counter opinion both pro and con with some kind

of mathematical equation to evaluate the odds of a

profitable purchase. The numbers are just what

seems to be reasonable in view of past performances.

I do not see much of a potential loss on this set, no matter

how they grade out.

SUMORADA

Is there a link to these at the mint yet?........thanks

OPA

Not interested in the Set.only interested in the Reverse Proof. Need to pick me up a 70 FS on the bay and add to my other 2 Rev. proofs...

Dabigkahuna

I'm in for the one set they will allow me.

What is the market for these sets right now?

FLBuffaloHunter

<< <i>Is there a link to these at the mint yet?........thanks >>


Link

Fountainhead

These coins will never sell at bullion unless we are talking damaged and uncollectable.

I'm a collector and I've bought Canadian gold proof coins at bullion prices - from dealers. Flip this one while the premium lasts!

TwoSides2aCoin

What did the copper weenie say to the platinum dealer ?

"You've got to be dense"

FLBuffaloHunter

<< <i>I'm in for the one set they will allow me.

What is the market for these sets right now?

>>


I haven't seen any pre-sales but with a 30,000 maximum mintage and and one-per-household limit they should be on sale for a while so I don't think the sealed boxes will command much of a premium until it gets close to the First Strike® deadline.

rbalderman1

the market is small right now. Modern offered 2150 the first day and then yesterday changed it to 2100. I agree with BUFF and that only when about 5000 sets are released in the first 30 days then the boxes will demand a premium of about 2500 a sealed box.

FLBuffaloHunter

<< <i>the market is small right now. Modern offered 2150 the first day and then yesterday changed it to 2100. I agree with BUFF and that only when about 5000 sets are released in the first 30 days then the boxes will demand a premium of about 2500 a sealed box. >>


With a 30 day return policy, I would rather take my chances as well. I think the key will be ordering when they become available to guarantee one of the first shipments. That will give you plenty of options later.

SUMORADA

thanks, FLBuffaloHunter

with a 30,000 limit, can they sell these into 2008 if not sold out in 2007 ?

Hyperion

*in*

FLBuffaloHunter

<< <i>thanks, FLBuffaloHunter

with a 30,000 limit, can they sell these into 2008 if not sold out in 2007 ? >>


I think they would have to Mint them all in 2007 to be able to sell them after the end of the year. I think they will sell about 15,000- 20,000 the first week.

BAJJERFAN

<< <i>

<< <i>thanks, FLBuffaloHunter

with a 30,000 limit, can they sell these into 2008 if not sold out in 2007 ? >>


I think they would have to Mint them all in 2007 to be able to sell them after the end of the year. I think they will sell about 15,000- 20,000 the first week. >>



Why so?? The 2008 ASE's have been minted for a month or two now. I'd bet that some are even milkspotted already.

CarlWohlforth

At first I was thinking no.

Now, I'm thinking yes...

Bear

<< <i>At first I was thinking no.

Now, I'm thinking yes... >>



I am with you Carl. I feel the same

way.

FLBuffaloHunter

<< <i>

<< <i>

<< <i>thanks, FLBuffaloHunter

with a 30,000 limit, can they sell these into 2008 if not sold out in 2007 ? >>


I think they would have to Mint them all in 2007 to be able to sell them after the end of the year. I think they will sell about 15,000- 20,000 the first week. >>



Why so?? The 2008 ASE's have been minted for a month or two now. I'd bet that some are even milkspotted already. >>


Those are the bullion coins and delivery won't start until January 3rd. I believe the Mint is not able to strike coins from the previous year.

mrmom

count me in!!

BAJJERFAN

<< <i>

<< <i>

<< <i>

<< <i>thanks, FLBuffaloHunter

with a 30,000 limit, can they sell these into 2008 if not sold out in 2007 ? >>


I think they would have to Mint them all in 2007 to be able to sell them after the end of the year. I think they will sell about 15,000- 20,000 the first week. >>



Why so?? The 2008 ASE's have been minted for a month or two now. I'd bet that some are even milkspotted already. >>


Those are the bullion coins and delivery won't start until January 3rd. I believe the Mint is not able to strike coins from the previous year. >>



So they can strike ahead but not behind? Would it really bother anyone here if the Mint would strike a couple thousand extra 2007 dated coins in 2008?

ChrisRx

not me

Akbeez

With all the speculation on the 06-w AGEs, I got hosed big time (I won't even mention the spouse debacle). With a lower market base, the plat's have been doggish too. This seems like a rather risky number to drop a couple G's on...

RedTiger

<< <i>

<< <i>$2,000 for $1500 worth of platinum? That is a pretty expensive box!

I think I will wait and pick up a set at bullion price. >>




You'll be waiting the rest of your life. These coins will never sell at bullion unless we are talking damaged and uncollectable. Anyone want to buy one and flip it to me then just PM me. A quick way to make a buck even if you hate the coin. >>



Give me a break, maybe they won't sell at bullion price at retail venues, but I am sure lots of these sets will sell for back of melt at local coin shops, and pawn shops, when people are desperate for immediate money. Yes, these sellers are "dumb" money.

gecko109

<< <i>

<< <i>$2,000 for $1500 worth of platinum? That is a pretty expensive box!

I think I will wait and pick up a set at bullion price. >>



So the die makers and press operators and all the other folks there work for free? The mint can turn bullion metal into coins with no additional cost or work?? >>



It certainly doesnt cost them $250 per coin to manufacture.

Rarity

<< <i>

<< <i>thanks, FLBuffaloHunter

with a 30,000 limit, can they sell these into 2008 if not sold out in 2007 ? >>


I think they would have to Mint them all in 2007 to be able to sell them after the end of the year. I think they will sell about 15,000- 20,000 the first week. >>




And the Mint will ship 15K-20K at the same time so all can qualify for FS

BAJJERFAN

<< <i>

<< <i>

<< <i>$2,000 for $1500 worth of platinum? That is a pretty expensive box!

I think I will wait and pick up a set at bullion price. >>



So the die makers and press operators and all the other folks there work for free? The mint can turn bullion metal into coins with no additional cost or work?? >>



It certainly doesnt cost them $250 per coin to manufacture. >>




True, but then again how many businesses do you know of that sell at cost? Does PCGS grade coins at cost? Does Ford sell vehicles at cost? Isn't the mint allowed to markup for some profit? How are you in a position to know or say what is a fair markup? If the mint has make several purchases of platinum to fill orders they may end up buying some at higher prices and they will likely just absorb the increased cost.