Wait just a minute, Platinum 10th Anniversary Set Naysayers!!!
bumanchu
Posts: 1,383 ✭✭✭
You are telling me that people are routinely paying $4500.00 plus EVERYDAY for a 2006-W $50 Gold Eagle PCGS PR70 F/S Reverse proof coin with a mintage of 10,000 that initially cost $870,
AND that the platinum coin is too expensive to make money on???
If people only spent half of that on an enhanced reverse proof coin of the same grade you could pay for the set and still have a half ounce of proof platinum left!!
Somebody, evidently has some money to spend........ I'll bet they haven't spent it all yet either!!
Edited to reflect proper mintage....
And I ain't lying this time.
0
Comments
<< <i>You are telling me that people are routinely paying $4500.00 plus EVERYDAY for a 2006-W $50 Gold Eagle PCGS PR70 F/S Reverse proof coin with a mintage of 20,000 that initially cost $870,
AND that the platinum coin is too expensive to make money on???
If people only spent half of that on an enhanced reverse proof coin of the same grade you could pay for the set and still have a half ounce of proof platinum left!!
Somebody, evidently has some money to spend........ I'll bet they haven't spent it all yet either!! >>
the 2006-W $50 Gold Eagle PCGS PR70 F/S Reverse proof had a mintage of 10,000. many things come into play here.
huge gold eagle collector base is one of them.
its a much smaller collector base for platinum.
edited to add: the `06 rev pr gold was part of a 3 coin set costing over $2600, not $870
I'd bet the "base" will be different on this one.
Higher end, yes, but not an easily directly extrapolated one.
One other thing (without taking a position on whether the PR70DC FS Gold Eagle is a great buy or not) ...
There was a distribution problem on the 10th Anniv gold sets - a great many of the 10,000 sets were not even shipped by the US Mint during the 30 day FS period, making that designation impossible to get on those particular Proof Gold coins. Secondly, if anyone opened their box from the Mint in that first 30 day period, the coin did not qualify for FS. Hence, a very significant % of the 10,000 proof gold 20th Anniv coins had -0- chance of even achieving the FS designation. This has made the coin very desireable to collectors wanting a complete 3-pc FS set.
We'll have to see how it plays out on the plats - perhaps the mint will only ship a tiny % of these sets within the first 30 days adding to the desireability of the set for some?
Wondercoin
<< <i>
<< <i>edited to add: the `06 rev pr gold was part of a 3 coin set costing over $2600, not $870 >>
More to the point. Less money being spent on the platinum set in total.
I was singling out the most desirable coin of that set and dividing it evenly with each of the others.
The platinum set still looks like less of a gamble to me than many make of it.
One other comment, the First Strike thing is such a marketing deal. ALL of the coins were struck in the same run, the issue is the packaging hang up, no coin availability. The First Strike is all smoke and mirrors, no real value other than you got the first packaging available. And they change the dies, so you could get just as good a coin later in the run.
Camelot