The Unofficial Plat Thread.... Feel Free To Post Here...
ScarsdaleCoin
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sorry bear I couldnt resist....
Jon Lerner - Scarsdale Coin - www.CoinHelp.com
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How many of you collect the plain old unc bullion coins? I think that's an interesting question that no one ever talks about. Why? Because mintages are dropping through the floor--enough, I think, to start catching some attention. What say ye?
with OFFICIAL FAIRY DUST.
Camelot
Dull grey with no redeeming features or luster.
Even if they are melted up and only 5 are left....Yawwwnnnn....
<< <i>All look the same except the date.
Dull grey with no redeeming features or luster.
Even if they are melted up and only 5 are left....Yawwwnnnn....
The PCGS Price guide does not agree with your observation. All the 69 & 70 graded coins are listed above melt and the 70 are listed between 40x for the early issues and 3x melt or better for the later date bullion issues. Obviously, there is a market for the bullion coins.
Bear's fairy dust has clouded my mind, and I feel an urge to hibernate to his "Official Plat" thread!
Where did these fairies fly in from, Bear?????
How many of you collect the plain old unc bullion coins? I think that's an interesting question that no one ever talks about. Why? Because mintages are dropping through the floor--enough, I think, to start catching some attention. What say ye?
I don't, but somebody does. The combined PCGS and NGC population of $100 bullion plats for 2005, 2006 and 2007 is over 3,000 for each year!
My Adolph A. Weinman signature
<< <i>Finally a place to call home. I prefer this thread. It is alot less stuffy. Being unofficial and all.
<< <i>Anybody stop to consider how many plain proof 1/2 oz platinums are going to be dumped on the secondary market by people getting the reverse proof? I'm guessing 20,000 that people don't want to hang on to. It'll be a buyers market. Also watch the bottom fall out on the reverse as the graded coins start flooding the market. >>
Now that's interesting. I called APMEX today about doing just this thing. Then, I got a nice Xmas check in the mail, so I'll hang onto the one I wanted. But I think you're right. Many will have/want to liquidate to buy the RP.
Good info and laughs from the rest of you, too. Just the level of disdain shown for this series makes it interesting. The low mintages--which I think will get even lower--make it even more interesting. Before FLBH let the cat out of the bag, I bought a 2007 1/10 ounce bullion plat. If that mintage holds anywhere NEAR 3,000, I predict it's going to turn into a hot item. Isn't the 1/10 oz, after all, the most collected of the plat coins?
Been an exciting day in Plat World!
Before FLBH let the cat out of the bag, I bought a 2007 1/10 ounce bullion plat. If that mintage holds anywhere NEAR 3,000, I predict it's going to turn into a hot item. Isn't the 1/10 oz, after all, the most collected of the plat coins?
Are you sure of that 3,000 mintage? There are usually discrepancies between sales totals and the actual dates on the coins. I'm guessing that some following-year dated bullion coins are struck each December.
For the half-ounce bullion plats, 2006 sales totals were 6,600 but final mintage figures were 9,602. That almost exactly matches sales totals from December 2005 to November 2006. There were 6,000 tenth-ounce bullion plats sold in December 2006, so it's possible that some or all of these were dated 2007.
To date, there have been over 5,000 tenth-ounce 2007 bullion plats graded by PCGS and NGC combined.
My Adolph A. Weinman signature
<< <i>Yes, good to have an un-official thread. How about I get a discussion going by asking...
How many of you collect the plain old unc bullion coins? I think that's an interesting question that no one ever talks about. Why? Because mintages are dropping through the floor--enough, I think, to start catching some attention. What say ye? >>
I only have a couple for my platinum denomination set($10 and $100). Besides that I collect the proofs by date and decided to pick up the 2006w $50 because it has the proof reverse.
Since I haven't gotten a pcgs 2007 $50 proof I hope I can find it cheap now that the mintage will be so high.
BTW, where did you get the 9,602 figure for the '06 1/2-ounce. I've seen that number too, but has the Mint officially posted it somewhere?
Yup, here:
Link
Adding December 2006 totals would make the mintage of the 2007 tenth-ounce bullion plat around 9,000. That would be the lowest for the tenth-ouncers. With more than half that number slabbed already, it looks to me like most of the demand is from collectors rather than bullion investors.
My Adolph A. Weinman signature
<< <i>Yup, here:
Link
Adding December 2006 totals would make the mintage of the 2007 tenth-ounce bullion plat around 9,000. That would be the lowest for the tenth-ouncers. With more than half that number slabbed already, it looks to me like most of the demand is from collectors rather than bullion investors. >>
Doh! Forgot about that site. Thanks! Can't wait til they post the 07 #s!