Official 2008 Platinum W thread for the new prices

Coin Finder · October 17, 2008 12:43AM

Got my order in #302040XX

What is yours?

Goldbully · October 17, 2008 12:53AM

Order #00000000

Goldbully · October 17, 2008 1:06AM

Dang.....Plat or Gold????

1/10ths are the same price!

SlangNRox · October 17, 2008 2:55AM

302047XX

Bochiman · October 17, 2008 3:21AM

<< Dang.....Plat or Gold????

1/10ths are the same price! >>

Now, here we go again....this should be easy for you, after all, what's your name?

kiyote · October 17, 2008 3:38AM

I just ordered a 1/4th oz W UNC coin...

Wow, I'm glad I waited.

EricSan · October 17, 2008 3:50AM

It will be interesting to see just how many of these are kicking around at the Mint... I wonder if there are enough to to surpass mintages of the the 2004 proof and 2006 w-unc coins.

Eric

Lionel · October 17, 2008 4:19AM

So, with platinum at $870 and ounce and trending down, ya'll are payin' about a 40% premium over bullion for a coin that may not turn out to be the "key date" after all.

Can some of you tell me why? Not tryin' to be a smart alec here, just really want to know.

ttown · October 17, 2008 4:22AM

<< So, with platinum at $870 and ounce and trending down, ya'll are payin' about a 40% premium over bullion for a coin that may not turn out to be the "key date" after all.

Can some of you tell me why? Not tryin' to be a smart alec here, just really want to know. >>

Well for one thing you can't get Platinum in any form for anywhere near spot, or any PM for that matter. You can buy paper for that but that's it. Another these are very low mintage and us that have collected them for years need the year for our sets. You might check the mintages they are very low and more than likely this is the only batch that will be made for this year. If it is it's an all time low.

Lionel · October 17, 2008 4:27AM

I know the US Mint sales figures for these. Who really know the "mintage"? Isn't that the mystery, how many will there be? There were very few, but now who knows? Only the one who keeps the inventory records at the Mint, I suppose. So, is this more of a way to invest in Platinum as a long term investor, or for collectors to keep sets up to date (which I totally get, as they are beautiful. I'm a platinum fan myself.)

<< 
Well for one thing you can't get Platinum in any form for anywhere near spot, or any PM for that matter. You can buy paper for that but that's it. Another these are very low mintage and us that have collected them for years need the year for our sets. You might check the mintages they are very low and more than likely this is the only batch that will be made for this year. If it is it's an all time low. >>

kiyote · October 17, 2008 4:28AM

<< So, with platinum at $870 and ounce and trending down, ya'll are payin' about a 40% premium over bullion for a coin that may not turn out to be the "key date" after all.

Can some of you tell me why? Not tryin' to be a smart alec here, just really want to know. >>

I want fresh, OGP coins that are as razor sharp and problem free as they should be. Any problems? Return them to the mint. I also have every mint-issued receipt of purchase from 2004 on for my proof $50 plats.

ttown · October 17, 2008 4:38AM

<< I know the US Mint sales figures for these. Who really know the "mintage"? Isn't that the mystery, how many will there be? There were very few, but now who knows? Only the one who keeps the inventory records at the Mint, I suppose. So, is this more of a way to invest in Platinum as a long term investor, or for collectors to keep sets up to date (which I totally get, as they are beautiful. I'm a platinum fan myself.)

<< 
Well for one thing you can't get Platinum in any form for anywhere near spot, or any PM for that matter. You can buy paper for that but that's it. Another these are very low mintage and us that have collected them for years need the year for our sets. You might check the mintages they are very low and more than likely this is the only batch that will be made for this year. If it is it's an all time low. >>

>>

Well these aren't for investor in Platinum, they sell those though dealers. As far as trends go they will start going black as they sell out the first batch and the rush will be on just like 2006. With new products coming out and next years products being readied this will be the one and only batch which sounds like it was small due to high PM prices + low demand. The mint employees take their vacations too right around the holidays just like you and I. JMO

ttown · October 17, 2008 4:53AM

I'll make one other comment for those thinking they should get spot prices for the mint's PM products both investment/collectors coins. The mint has cost they just don't ship the product right from the refiner. The has expensive machines to buy/maintain, the have a building and utilities that cost money to recoup, they have employees to pay with benefits, and they have discounted shipping of $4.95 for any amount you purchase. If you want closer to spot buy 1000 oz bars because any business to stay in business usually at least doubles the price of what they pay for a product.

jerseyralph · October 17, 2008 6:11AM

Can someone remind me what the Mint's original prices were for the Proof and Uncirculated Plats?

ttown · October 17, 2008 6:12AM

IIRR the 1/10 and 1/4 ounce coins are about $100 cheaper now.

MrEureka · October 17, 2008 6:26AM

The Mint previously stated that they would not be making any more of these after the supply of blanks on hand is exhausted.

In my mind, they know they are selling an instant rarity, and they are entitled to charge an appropriate premium. In fact, the price is probably cheap.

Details here.

Coin Finder · October 17, 2008 6:35AM

I think it is import to understand that I bought because I have them sold already. Some "clients" just tell you to go them and with a small markup they have a coin they need for there set and I make a little money.

What does it matter what they cost if you cannot get them or do not have the time to do it on your own. They pay me for a service. So, for the folks who think that a fool and his money is soon parted, think again.

What say you?

Metalsman · October 17, 2008 6:55AM

These 2008 plats will seem like BARGIN prices when the dust settles! Try finding Platinum 1 ounce for $1215.00 anywhere right now... jmho..I ordered.. no brainer.

Goldbully · October 17, 2008 7:08AM

<< 

<< Dang.....Plat or Gold????

1/10ths are the same price! >>

Now, here we go again....this should be easy for you, after all, what's your name?

>>

Platbully??

Overdate · October 17, 2008 7:08AM

If you want closer to spot buy 1000 oz bars because any business to stay in business usually at least doubles the price of what they pay for a product.

Tragically, I can't find any dealers selling 1000 oz. platinum bars!

Overdate · October 17, 2008 7:12AM

The Mint previously stated that they would not be making any more of these after the supply of blanks on hand is exhausted.

I think they were referring to bullion coins, but I'm guessing the policy will likely apply to burnished and proof coins also.

7over8 · October 17, 2008 10:01AM

Guys, IMO, the first run of these is all there is.......

Get em while you can........

Placid · October 17, 2008 10:38AM

Order Status: Your order request is on hold.

Goldbully · October 17, 2008 10:41AM

<< Guys, IMO, the first run of these is all there is.......

Get em while you can........ >>

Proof or Uncs????

7over8 · October 17, 2008 10:47AM

My game is the UNC's

Goldbully · October 17, 2008 10:48AM

<< My game is the UNC's >>

Please expound...I'm getting that buying feeling!!!!

ttown · October 17, 2008 10:55AM

<< My game is the UNC's >>

Well things could very well work out for you with those low mintages coupled with the fact if the downward price may bring in more collectors the cost of the fractional UNC W's wouldn't all that much since they've only been around since 2006. The proofs cost a good chucnk of change to collect all of them in any of the series.

7over8 · October 17, 2008 10:56AM

1/4's for me.

7over8 · October 17, 2008 10:57AM

Which one will go black first?

ttown · October 17, 2008 11:01AM

The most collected of course the 1/10 ounce (just like 2006) and they seem to bring the best spread after release too. Really the price per ounce on the 1/10th vs the 1/4's isn't 10 dollars more and you have more chances to get a 70 if that's important to you.

Casman · October 17, 2008 11:02AM

Well 7/8 I'm with ya on the 1/4's....so hopefully those go black first...

Goldbully · October 17, 2008 11:03AM

<< Well 7/8 I'm with ya on the 1/4's....so hopefully those go black first...

>>

Uncs or Proofs Cas???

Casman · October 17, 2008 11:04AM

Uncs...

Goldbully · October 17, 2008 11:08AM

<< Uncs... >>

What's so special about the Uncs here????

Folks were saying Proofs are more sought after!!!..Limited mintages, etc!!

puritan9 · October 17, 2008 11:10AM

I already have a hold on my credit card for my coins. Guess they will be on their way.

OLC · October 17, 2008 11:12AM

Why today? Platinum is as low as it has been in three years. They must be throwing in the towel and getting what they can for their stock. I would have thought they would have tried this a month ago. They could have re-adjusted a couple of times. I hope they sell out soon. This is a great opportunity. We can dream for a few days anyway. Time will tell.

7over8 · October 17, 2008 11:13AM

The USM has really been quite efficient on placing that hold on your credit once you hit the "Place Order" button,

not like the past where they would reserve against your card about a day before they shipped......

7over8 · October 17, 2008 11:15AM

I like the 1/4's more than the 1/10's due to the diff in size and ability to clearly see the design

The 1/10 is just too damn small......or maybe i'm just old and need glasses.....

Goldbully · October 17, 2008 11:16AM

<< I like the 1/4's more than the 1/10's due to the diff in size and ability to clearly see the design

The 1/10 is just too damn small......or maybe i'm just old and need glasses..... >>

1/2 oz. has better bullion cost!!!

7over8 · October 17, 2008 11:23AM

I hear you, but on a return basis the lower priced coins tend to do better on re-sale......

Goldbully · October 17, 2008 11:25AM

<< I hear you, but on a return basis the lower priced coins tend to do better on re-sale...... >>

Do you like the fractional proofs here?? Why?? Why Not??

7over8 · October 17, 2008 11:32AM

I cant really talk to the proofs, Eric is the guy on those.

I like the smaller proofs, again the 1/4's

These UNC's, IMO, will be really low mintages, i am expecting sub-2000 on the 1, 1/2 and 1/4. I wouldnt be surprised if there are only 500-750 individual 1/2 and 1/4's and only 1,000 sets......

Is that MEAN enough?

ttown · October 17, 2008 11:37AM

<< 

<< I hear you, but on a return basis the lower priced coins tend to do better on re-sale...... >>

Do you like the fractional proofs here?? Why?? Why Not?? >>

Well I hope this isn't a privite conversion but as a long time collecor I like the proofs here. A much more collected series, better looking coins, and mintages that more than likely will be far less than the 2004 proof that's already held it's value for the most part although they are down a few hundred dollars from their peak. Really I've got all 1/10 ounce bullions, all 1/10 ounce proof (plus a hodge podge of other dom's), and all of the UNC W's in 1/10 and 1/4 with a 2006 1 ouncer. You put down your money and take your chances one, both, or none could be the sleeper in any of our lifetimes so collecting and not investing/flipping is the key. I really love these coins with the changing reverses.

Goldbully · October 17, 2008 11:38AM

<< I cant really talk to the proofs, Eric is the guy on those.

I like the smaller proofs, again the 1/4's

These UNC's, IMO, will be really low mintages, i am expecting sub-2000 on the 1, 1/2 and 1/4. I wouldnt be surprised if there are only 500-750 individual 1/2 and 1/4's and only 1,000 sets......

Is that MEAN enough? >>

Thanks just bought 2pc. 1/4 oz Uncs

Order #302069xx

ozzyfan269 · October 17, 2008 12:03PM

Order #302070XX

I am in for:

1. 2008 AE PLAT UNC MM 1/2 OZ (T8B)
Qty 3 @ $619.95 - In stock.

2. 2008 AE PLAT UNC MM 1/4 OZ (T8C)
Qty 3 @ $319.95 - In stock.

3. 2008 AE PLAT PRF 1/4 OZ (8T3)
Qty 3 @ $349.95 - In stock.

4. 2008 AE PLAT PRF 1/10 OZ (8T4)
Qty 9 @ $149.95 - In stock.

What the hell? It can't be any worse than the stock market! LOL

Goldbully · October 17, 2008 12:07PM

<< Order #302070XX

I am in for:

1. 2008 AE PLAT UNC MM 1/2 OZ (T8B)
Qty 3 @ $619.95 - In stock.

2. 2008 AE PLAT UNC MM 1/4 OZ (T8C)
Qty 3 @ $319.95 - In stock.

3. 2008 AE PLAT PRF 1/4 OZ (8T3)
Qty 3 @ $349.95 - In stock.

4. 2008 AE PLAT PRF 1/10 OZ (8T4)
Qty 9 @ $149.95 - In stock.

What the hell? It can't be any worse than the stock market! LOL

>>

I agree, better than the current stock market for sure!!!!!!!!

Nice Mint order!!!! Director Moy will be most happy!!!

08HALA20 · October 17, 2008 12:13PM

<< The USM has really been quite efficient on placing that hold on your credit once you hit the "Place Order" button,

not like the past where they would reserve against your card about a day before they shipped...... >>

No kidding!!!

I just checked and a hold is in place already. I ordered a few hours ago.

Joe

ttown · October 17, 2008 12:13PM

You don't see the item not on backorder after the first 5 orders often but hey they've got these made and when they're gone they're gone more than likely.

OLC · October 18, 2008 1:11AM

Any one else surprised that these aren't showing up black on there website? I didn't think it would take this long to sell out their inventory.

7Jaguars · October 18, 2008 1:25AM

Look, the main fan club for these coins is on this board. As a poster stated in other threads, buyers still treat these recent plats as not much more than bullion bits; no respect. We have no idea how many of these coins the mint has stashed in the cupboard or what tricks planned or not may come to play.

That having been said, I am a dutiful buyer of these fractionals just wouldn't go for big numbers and flipping as I think buyers will NOT be lining up around the block. Just wait until next year with the continuing seige courtesy of four more first hags, and the HR $20. Ouch! I also would not want to be strong into the '04 "keys" and think they have a lot of room for downward adjustment.

One last point: I know that the uncs. have lower mintages but honestly, they are just not as attractive as the proofs, and I think this has a lot to do with demand both now in mint sales and future interest/demand.

Love these coins as a collector anyway.

FloridaBill · October 18, 2008 1:27AM

<< Any one else surprised that these aren't showing up black on there website? I didn't think it would take this long to sell out their inventory. >>

My guess is that no one is at the mint monitoring stock/sales levels on Saturday or Sunday. Some orders being accepted this weekend could get cancelled come Monday Morning if this is the case.

FloridaBill

Official 2008 Platinum W thread for the new prices

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