When will Platinum Eagles reappear?

2manycoins2fewfunds

And will there be an unheard of $800-1000 price drop??

Bullish

Havn't heard anything! I do think, the mint will drop the price now, tho.

ricko

When the moon is in the Seventh House
And Jupiter aligns with Mars
Then peace will guide the planets
And love will steer the stars

Cheers, RickO

CaptHenway

"SPLUNGE!!!"

291fifth

Hopefully, never.

No more NCLT!

renman95

Platinum

Ren

GritsMan

I think they WILL put them back up, but their behavior is very intriguing. I do not think they will mint a second run of the proofs or Unc-ws.

drei3ree

<< <i>I think they WILL put them back up, but their behavior is very intriguing. I do not think they will mint a second run of the proofs or Unc-ws. >>



Is a "run" equal to the life of the die (~6,000)?

Thanks

jmski52

Hopefully, never.

No more NCLT!

-------------------------
All glory is fleeting.

It's happening all over again. The rudeness and intolerance towards others' collecting preferences is just inexcusable, in my humble opinion.

PCGS, why not enforce some degree of tolerance when this stuff just keeps happening over and over?

garsmith

<< When will Platinum Eagles reappear? >>

When the swallows return to Capistrano

drei3ree

<< <i>When the swallows return to Capistrano >>



March? Let's hope so!

GritsMan

<< <i>

<< <i>I think they WILL put them back up, but their behavior is very intriguing. I do not think they will mint a second run of the proofs or Unc-ws. >>



Is a "run" equal to the life of the die (~6,000)?

Thanks >>



I'm not THE expert, but I don't think so. I think a run is whatever the Mint decides. For the '06 unc-w's, it was in the 3,000 range.

jmski52

TwoSides2aCoin

<< <i>Hopefully, never.

No more NCLT! >>


I feel the love

TwoSides2aCoin

I think that money would be better spent on foreclosed property. A better return would be on municipal bonds or treasury bonds at this juncture. I am sorry to go off topic. It's just that I can't help it sometimes.
(How else could we keep ULTRA low mintages ? )

tcmitssr

<< <i>

<< <i>

<< <i>I think they WILL put them back up, but their behavior is very intriguing. I do not think they will mint a second run of the proofs or Unc-ws. >>



Is a "run" equal to the life of the die (~6,000)?

Thanks >>



I'm not THE expert, but I don't think so. I think a run is whatever the Mint decides. For the '06 unc-w's, it was in the 3,000 range. >>



and I got's me a PCGS First Strike MS 70 on the way back home to papa!

jmski52

I got's me a PCGS First Strike MS 70 on the way back home to papa!

Very Nice!

GritsMan

Wow, another down day for plats! The Mint's going to need some serious clairvoyance to price these suckers! Hard to see how there will be enough stability in the next few months for that to happen.

EricSan

Hopefully, the 2008 plats are done for the year. If this is the case, they will return in May of 2009 with a new design

TwoSides2aCoin

<< <i>Hopefully, the 2008 plats are done for the year. If this is the case, they will return in May of 2009 with a new design >>



You are reading my mind

kiyote

If those 2008s are done, if ya didn't get one you likely never will...

coolest

<< <i>Hopefully, the 2008 plats are done for the year. If this is the case, they will return in May of 2009 with a new design >>



If they are done for the year due to the Mints unwillingness to drop the price, then they are done forever since I don't think they could start selling the 09s for $2500/oz any easier than the 08's

timber100

I would be very mad if the mint does not sell the 2008 plats again. They are very quick to pull down coins, raise the prices and put them up again when the spot price goes up! It has been what, 90 days or so since they removed the coins? At least they could post some information about what they are doing and when the coins will or will not return. No one could (or would) run a business like they do.

coinman420

<< <i>I got's me a PCGS First Strike MS 70 on the way back home to papa!

Very Nice! >>



you did real good


i held off buying to see how they were selling. guess i missed out. if they put them for sale again i`m glad i did not buy. its all in the timing

LickThoseStamps

<< <i>I would be very mad if the mint does not sell the 2008 plats again. They are very quick to pull down coins, raise the prices and put them up again when the spot price goes up! It has been what, 90 days or so since they removed the coins? At least they could post some information about what they are doing and when the coins will or will not return. No one could (or would) run a business like they do. >>



I think those who bought at $2200+/oz will be mad if they DO go on sale again, at a reduced price. Given a premium for rarity, they might be able to recover some of their money.

Hoodlatch

Anyone want to wager a guess as to what the '08-W 1/2 oz. will bring if no more are sold and final mintage is reported officially!

coolest

<< <i>

<< <i>I would be very mad if the mint does not sell the 2008 plats again. They are very quick to pull down coins, raise the prices and put them up again when the spot price goes up! It has been what, 90 days or so since they removed the coins? At least they could post some information about what they are doing and when the coins will or will not return. No one could (or would) run a business like they do. >>



I think those who bought at $2200+/oz will be mad if they DO go on sale again, at a reduced price. Given a premium for rarity, they might be able to recover some of their money. >>



Should PMs come with a garantee that they will never drop in price? If you buy stock @ $100/share and later it drops to $50/share will you call Wall street and complain that they should not be selling for $50/share when they made you pay $100/share?

LickThoseStamps

<< <i>

<< <i>

<< <i>I would be very mad if the mint does not sell the 2008 plats again. They are very quick to pull down coins, raise the prices and put them up again when the spot price goes up! It has been what, 90 days or so since they removed the coins? At least they could post some information about what they are doing and when the coins will or will not return. No one could (or would) run a business like they do. >>



I think those who bought at $2200+/oz will be mad if they DO go on sale again, at a reduced price. Given a premium for rarity, they might be able to recover some of their money. >>



Should PMs come with a garantee that they will never drop in price? If you buy stock @ $100/share and later it drops to $50/share will you call Wall street and complain that they should not be selling for $50/share when they made you pay $100/share? >>



No, just an observation. The mint promotes these as collectable coins, not bullion. You have to buy the bullion version from a dealer.

TheRaven

It is surprising that we have not heard anything.....

The metal keeps jumping around, making it hard to figure out.....

renman95

<< <i>Anyone want to wager a guess as to what the '08-W 1/2 oz. will bring if no more are sold and final mintage is reported officially!
>>



$4,500!

I could be wrong.

Ren

drei3ree

If you have a PCGS 2008 APE FS, then you're sittin' pretty even if they do come back and sell another 6,000. The FS seems to carry a steep premium when the FS grade pop is low. Just talking about the $10, there are 71 in PR69FS and 28 in PR70FS. That's compared to 267/55 for 2007 and 252/37 for 2006. The 2006 PR70FS $10 carries about a 30% premium over the non-FS. Some might say that there are only six non-FS $10 PR70 2008 APEs right now, so they're worth more...not so. PCGS will reholder your FS coins in regular holders and reduce the FS pop number anytime you want to do so. Just some food for thought.

2manycoins2fewfunds

Interesting FS numbers but remember there may be more out there that remain unopened in original
shipping boxes eligible for FS submission.

aficionado

I doesn't make sense to bring them down if they are not going to drop the price.

If you're just going to NOT sell the 08 anymore, why not keep what you have minted up for sale at the higher price ???

I think they will come back with a price around $1500 for the 1oz proof.

dpoole

Is there a precedent for the Mint re-pricing issues at a lower price? I don't remember any off-hand.

drei3ree

<< <i>Interesting FS numbers but remember there may be more out there that remain unopened in original
shipping boxes eligible for FS submission. >>



Rather than take a chance on PCGS giving you a PR70, you'd probably be better off selling the unopened box. I don't see many more 2008 FS PR70s. Only 1% of the coins sold are PR70 and only ~30% of those submitted have come back PR70 (and most of those are coins that, after visual review, were considered 70s). If you send them to PCGS, sight unseen, that % drops considerably. Remember the, "we won't do FS, we will do FS" hiccup? I'd bet that a few shipping boxes were opened...

Bottom line, this year has been the perfect storm for FS plats. The 2008 Proof Pt Eagles in FS are scarce-- That we already know without waiting to see if the Mint will sell more.

wondercoin

"The 2008 Proof Pt Eagles in FS are scarce"

The 08 Proof plats will turn out to be "scarce" (or not) later this year. FS has nothing at all to do with it. In fact, IMHO, FS labels will add very little value to the coins. For those who disagree, just look at 06 FS Platinum proof coins (with much lower "pops" than 2008 FS coins even today) and sell for just a small premium above non-FS coins (maybe 20%- 25% at best and with roughly half the PCGS "pop" of these 08 coins).

Just my 2 cents.

Wondercoin

FullStrike

I returned a 1 oz BU and a 1/2 ouncer, also. I think I might become unhappy about doing that, soon.

On the other hand I KEPT a few BU Plats, and soon I may be very HAPPY about that.

Too bad I'm not rich, woulda gambled by keeping all my BU's.

But I do have all my Plat Proofs I got early in the year.

Hope I don't regret having them.

ProofCollection

<< <i>If you have a PCGS 2008 APE FS, then you're sittin' pretty even if they do come back and sell another 6,000. The FS seems to carry a steep premium when the FS grade pop is low. Just talking about the $10, there are 71 in PR69FS and 28 in PR70FS. That's compared to 267/55 for 2007 and 252/37 for 2006. The 2006 PR70FS $10 carries about a 30% premium over the non-FS. Some might say that there are only six non-FS $10 PR70 2008 APEs right now, so they're worth more...not so. PCGS will reholder your FS coins in regular holders and reduce the FS pop number anytime you want to do so. Just some food for thought. >>



I remember agonizing about paying the big premium, but it paid off. I've got one of those PR70DC FS $10 APEs. I am so hoping the mint is done for 2008.

2manycoins2fewfunds

<< <i>

<< <i>Interesting FS numbers but remember there may be more out there that remain unopened in original
shipping boxes eligible for FS submission. >>



Rather than take a chance on PCGS giving you a PR70, you'd probably be better off selling the unopened box. I don't see many more 2008 FS PR70s. Only 1% of the coins sold are PR70 and only ~30% of those submitted have come back PR70 (and most of those are coins that, after visual review, were considered 70s). If you send them to PCGS, sight unseen, that % drops considerably. Remember the, "we won't do FS, we will do FS" hiccup? I'd bet that a few shipping boxes were opened...

Bottom line, this year has been the perfect storm for FS plats. The 2008 Proof Pt Eagles in FS are scarce-- That we already know without waiting to see if the Mint will sell more. >>



I'd watch those PR70 numbers. I bet they double over next 6-12 months.

kiyote

It is a really scary time to buy, or sell, 2008 Plats on Ebay. No seller wants to get a couple hundred over melt for a 1 Ozer now that platinum has crashed, and no buyer wants to pay $2500 for an oz of platinum if the mint is going to reprice to $1650.

Ugh.

coolest

<< <i>It is a really scary time to buy, or sell, 2008 Plats on Ebay. No seller wants to get a couple hundred over melt for a 1 Ozer now that platinum has crashed, and no buyer wants to pay $2500 for an oz of platinum if the mint is going to reprice to $1650.

Ugh. >>



Well Put!

Raufus

I returned an absolutely beautiful (all four looked fantastic) '08 Plat Unc. 4 coin set a few weeks ago after buying an NGC 70 ER Set. My wife said to hold the 4 coin set for a while. Shoulda listened! I absolutely think that they are gone for good. Has The Mint ever pulled an issue, lowered the price and relisted it?

Raufus

<< <i>

<< <i>Anyone want to wager a guess as to what the '08-W 1/2 oz. will bring if no more are sold and final mintage is reported officially!
>>



$4,500!

I could be wrong.

Ren >>



Proof or Unc.?

Raufus

<< <i>If you have a PCGS 2008 APE FS, then you're sittin' pretty even if they do come back and sell another 6,000. The FS seems to carry a steep premium when the FS grade pop is low. Just talking about the $10, there are 71 in PR69FS and 28 in PR70FS. That's compared to 267/55 for 2007 and 252/37 for 2006. The 2006 PR70FS $10 carries about a 30% premium over the non-FS. Some might say that there are only six non-FS $10 PR70 2008 APEs right now, so they're worth more...not so. PCGS will reholder your FS coins in regular holders and reduce the FS pop number anytime you want to do so. Just some food for thought. >>



Hope you're right. I paid out the waazo for a PCGS $50 '08 Plat. FS PR70DCAM a couple of months ago in a moment of weakness.

kiyote

Gone for good? Two of the UNC Ws have mintages under 500! I missed that boat, even though I am a hardcore platinum guy.

LickThoseStamps

Maybe I am missing something here, but didn't the '08 Plat Uncs get pulled within the first month of sale? If they don't go back on sale, then aren't all of them "first strike" by the PCGS definition?

If FS designation is bringing a premium at this point, I think it illustrates the complete farce of the FS program.

tcmitssr

<< <i>

<< <i>If you have a PCGS 2008 APE FS, then you're sittin' pretty even if they do come back and sell another 6,000. The FS seems to carry a steep premium when the FS grade pop is low. Just talking about the $10, there are 71 in PR69FS and 28 in PR70FS. That's compared to 267/55 for 2007 and 252/37 for 2006. The 2006 PR70FS $10 carries about a 30% premium over the non-FS. Some might say that there are only six non-FS $10 PR70 2008 APEs right now, so they're worth more...not so. PCGS will reholder your FS coins in regular holders and reduce the FS pop number anytime you want to do so. Just some food for thought. >>



I remember agonizing about paying the big premium, but it paid off. I've got one of those PR70DC FS $10 APEs. I am so hoping the mint is done for 2008.
>>




Hehehe, each of my $10. 2008's: the uncirculated, proof and burnished made MS or PR70, with the last two being First Strikes.

Pull the plats, don't issue any more of them.

GritsMan

<< <i>
Hehehe, each of my $10. 2008's: the uncirculated, proof and burnished made MS or PR70, with the last two being First Strikes.

Pull the plats, don't issue any more of them. >>



Even tho I had to return my unc-W because of credit card considerations, I agree. The Mint should pull them for good. Let's make this interesting!

TwoSides2aCoin

Did I read a mintage of 500 ?

We're going to have some fortunate brethren if this thing is shelved.

LickThoseStamps

<< <i>Did I read a mintage of 500 ?

We're going to have some fortunate brethren if this thing is shelved. >>



Where are the mintage figures posted?

I notice that the platinum proof figures from the official mint site have not been updated since 2005!

Coin Finder

I think the mint would have no problem with selling these 08 Wplat uncs for a loss, but they really do not have to. Somewhere in their contracts with the plat blank manufacturer there must be a clause about buy backs in the event of unsold or unrelased product. Maybe they will simply return these 08 W plat uncs to the seller for refining back to blanks or exchange for more fresh blanks.