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help out a yn

ahooka454ahooka454 Posts: 3,466 ✭
in U.S. Coin Forum
i am a yn and alittle new to platinum. i am thinking of buying a 10th. ann. set. at the price they want tho i am hesitant. any help would be greatly welcomed...
i would be looking to flip it for a profit hopefully, but have never done so with plat.


any advice here is awsome, thanks...

Comments

  • blu62vetteblu62vette Posts: 11,933 ✭✭✭✭✭
    I think it is pretty pricey for a yn... what type of profit you shooting for? If you were going for a couple hundered bucks and had locked with modern coin mart sure but now in the open there may be better things for 2k.
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • pharmerpharmer Posts: 8,355 ✭
    What exactly do you want advice about? What do you mean by a little new at platinum?
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • RYKRYK Posts: 35,798 ✭✭✭✭✭
    I have decided to sit this one out. One way to eliminate your risk would be to contact John Maben, pre-sell your set to him, and buy for the flip. You also cap your upside, but I am not confident at all that this represents a good flipping opportunity. On the other hand, if you can afford to hold the set, the downside is limited to the melt price of the platinum (about 33% downside), though many would argue that the reverse proof will always sell for a premium to melt.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • 291fifth291fifth Posts: 24,461 ✭✭✭✭✭
    If you are a yn and want to play flipper with the very pricey platinum set you are on your own.
    All glory is fleeting.
  • FLBuffaloHunterFLBuffaloHunter Posts: 3,127
    If the coins sellout and you don't place an order, you definetly won't lose or gain anything. On the other hand if you do place an order, you will have at least two weeks before the coins ship to cancel the order or in the worst case, return the coins back to the Mint within 30 days of being delivered.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    I don't recommend this set for flipping. The mintage is way too high. You'll probably wind up loosing money.
  • GemineyeGemineye Posts: 5,374 ✭


    << <i>If you are a yn and want to play flipper with the very pricey platinum set you are on your own. >>


    image....a definition in of a yn would be sellin' lemonade ...not flippin platts on the bay.....
    ......Larry........image
  • pharmerpharmer Posts: 8,355 ✭
    How are we defining YN here? Are you the ahooka that bought that 1914 1c pr66 star in the other thread, for a $2500 BIN?
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • ahooka454ahooka454 Posts: 3,466 ✭
    yes thats me and i decided to return the cleaned star coin. buthcers.
    yn=25yrs old and collecting/researching for 4 yrs.
    i just figured if it was like the 1995w id like to get in, but if it has a high mintage...
    thanks all for the guidence everyone....
  • ahooka454ahooka454 Posts: 3,466 ✭
    pharmer i too support the war whole heartedly...


  • fcfc Posts: 12,793 ✭✭✭
    who put this crazy idea in your head? hopefully not these boards :-|

    good luck.... i guess. not much sympathy here from me.
  • fcfc Posts: 12,793 ✭✭✭
    double post.
  • DennisHDennisH Posts: 13,997 ✭✭✭✭✭
    I've always understood a YN to be 18 years or younger; 25 is a full-fledged grownup.

    Welcome to the Big Leagues and best of luck.
    When in doubt, don't.
  • CheddyCheddy Posts: 411 ✭✭


    << <i>I've always understood a YN to be 18 years or younger; 25 is a full-fledged grownup.

    Welcome to the Big Leagues and best of luck. >>



    image
  • ahooka454ahooka454 Posts: 3,466 ✭
    the thing on the thread says 18-25 so i replyed


    i kkinda know im a grown up though.

    sympathy for what fc? asking opininons here?
  • ConnecticoinConnecticoin Posts: 13,009 ✭✭✭✭✭


    << <i>yes thats me and i decided to return the cleaned star coin. buthcers.
    yn=25yrs old and collecting/researching for 4 yrs.
    i just figured if it was like the 1995w id like to get in, but if it has a high mintage...
    thanks all for the guidence everyone.... >>



    Hmmm -- at first I thought this was a kid that was posting with his dad's ID. image
    *For Sale on Numismy* *For Sale on Ebay*
  • ahooka454ahooka454 Posts: 3,466 ✭
    cheddy ,
    i was permanetly disabled at work when i was 19 so now i spend my money and time on coins.
    my dad has been an avid collector for 48 yrs but i like hereing other collectors thoughts aswell....
  • FLBuffaloHunterFLBuffaloHunter Posts: 3,127
    Mintage while important, is not the only factor when determining value. Appeal and desirability are just as important. 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.

    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.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • ahooka454ahooka454 Posts: 3,466 ✭
    no just figured id see what everyone thought about the ann. set of platinum as a flipper?

    if the big thing is me saying i was a yn i kinda meant in acctual collecting time. i mean im not 30 yet either but not 15.
  • ahooka454ahooka454 Posts: 3,466 ✭
    thanks flbuff

    lots to look over there. intresting numbers there too.
  • TootawlTootawl Posts: 5,877 ✭✭✭


    << <i>yes thats me and i decided to return the cleaned star coin. buthcers.
    yn=25yrs old and collecting/researching for 4 yrs.
    i just figured if it was like the 1995w id like to get in, but if it has a high mintage...
    thanks all for the guidence everyone.... >>


    A YN is usually considered to by younger than 18.
    Sorry dude, but you're not a YN.
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • ahooka454ahooka454 Posts: 3,466 ✭
    l we have established this already



    another forum said yn 18-25
    i have pretty much seen only 35-75 guys though so compared to most in this indusrty im considered young

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