The Mint doesn't seem to be taking many orders. I place an order yesterday for the platinum coins and another one today and there are only 4,200 orders between the two.
The Mint doesn't seem to be taking many orders. I place an order yesterday for the platinum coins and another one today and there are only 4,200 orders between the two.
Good point! I think that the Mint should stop accepting orders now.
Actually, it's probably the economy.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>The Mint doesn't seem to be taking many orders. I place an order yesterday for the platinum coins and another one today and there are only 4,200 orders between the two. >>
Ya, but every order is for multiples, 5's 10's and 20's of everything....
<< <i>The Mint doesn't seem to be taking many orders. I place an order yesterday for the platinum coins and another one today and there are only 4,200 orders between the two.
Good point! I think that the Mint should stop accepting orders now.
Actually, it's probably the economy. >>
The point I was making is there doesn't seem to be a big rush for the platinum coins.
Was that actually Sevens' add for his great set of NGC 70's? I was wondering who in the world would put this statement in that sale add; " I do not have PCGS submission privileges but will guarantee that this set will receive PCGS 70's all day long! I will guarantee that with a $1000 escrow if you choose to crossover to PCGS and encapsulate within 14 days of purchase." Now I know
<< <i>Can someone remind me what the Mint's original prices were for the Proof and Uncirculated Plats? >>
Unc: 1 oz 2,349 1/2 1,199 14/ 619 1/10 259 set 4,289
Proof 2,509 1,279 664 279 set 4859
And welcome to the boards! >>
Accordingly, the United States Mint will commence selling the following 2008 American Eagle Platinum Proof Coins according to the following price schedule:
<< <i>The Mint doesn't seem to be taking many orders. I place an order yesterday for the platinum coins and another one today and there are only 4,200 orders between the two. >>
4200 orders/ day seems like a large number to me even if it is 1 coin/order.
I have been following (lurking) on this board for almost 3 years. The knowledge and insight is amazing compare to another board that I have been a member of where people just stand on a soap box and talk about their scratched up pennies found on the sidewalk followed by a weeklong debate over correct vocabulary of cent vs. penny. Anyways thanks for what I have gathered here. Mostly I follow platinum eagles and other upcoming information.
I have worked on this spreadsheet of W minted Proof and Burnished Platinum Eagles. I believe this to be correct and am looking for confirmation of the numbers which have been gathered in various places.
Also I am curious about the 2007 1/10 Platinum Proof. The numbers look extremely low and I havent seen the rush for this date. Any ideas?
<< <i>I have been following (lurking) on this board for almost 3 years. The knowledge and insight is amazing compare to another board that I have been a member of where people just stand on a soap box and talk about their scratched up pennies found on the sidewalk followed by a weeklong debate over correct vocabulary of cent vs. penny. Anyways thanks for what I have gathered here. Mostly I follow platinum eagles and other upcoming information.
I have worked on this spreadsheet of W minted Proof and Burnished Platinum Eagles. I believe this to be correct and am looking for confirmation of the numbers which have been gathered in various places.
Also I am curious about the 2007 1/10 Platinum Proof. The numbers look extremely low and I havent seen the rush for this date. Any ideas?
These are total sales.
>>
I wont be able to confirm the numbers in your spreadsheet for a few years but I can welcome you to this Forum. Welcome
<< <i>Anyone think the proofs have a shot at having lower mintage than the unc. W's >>
If I were to guess I'd say no, more than likely they made 1 run of each and they tend to make more proofs since it's a mature series with a larger collector base.
I just placed an order with the Mint. 30211xxx, so at least 7000 new orders this weekend. It would be interesting to know how many orders are placed on a "typical" weekend when no new products were recently introduced.
7 over 8, I agree that Seven was pretty sure of himself. I will also admit that I am the guiltiest at stirring the pot. . It doesn't make me popular, but it does open up dialogue, I hope.
I like to wait until the "Last Word Larry's" like Seven show themselves, then its fun to wind them up and watch them go. I know , it doesn't have anything to do with coins, but we all need a little entertainment sometimes.
He originally got on that thread to generate some interest in his set before he put it up for auction. He should have headed over to the BST board. But then he went over the top and said 7over8's kids hated him. C'mon what did he expect. LOL.
What I want to see is when they go dark if they become unavailable or back ordered. If they go back ordered it will mean they are minting more and it's time to bail. Until then we have an almost free 30 day plus option.
First of all, understand this ; The US Mint is not your friend - they are not out to do you any favors. I'd say that at the current premium prices over spot, these Collector Platinum Eagles are a good deal for the Mint. If they diverted all production away from the bullion coins to the Collector ones, it would be the best option in terms of profit.
With the high prices in the aftermarket driving sales, many orders will no doubt pour in. Suppress all sales figures for a while and no one would be the wiser.
Of course, Plat continuing it's dive might screw things up a bit for them.
I've said this before but the best thing that could happen is a further $200-$300 drop in spot prices.
That would kill all new sales and generate a flood of returns.
I don't know if that would be true. Granted, at some level, the floor on these is tied to platinum spot.
But unless these close out at a higher mintage than most of us anticipate, there is numismatic value to account for.
A low mintage 1/10 oz coin isn't going to drop in price because spot takes a 25% hit from here; the value disconnects from spot as long as there's sufficient demand.
No different than 1 ounce silver commemoratives and bullion issues that trade for multiples of spot.
If the 1/10 ounce coins close out with mintages of only a few thousand, there probably isn't too much reason to worry about the value dropping below issue price at $135 for the unc to $150 for the proofs.
I'm not saying it couldn't happen. Given other things we've seen in the financial sector, it would be foolish to say it could never happen. The most conservative approach would always be to value these with the floor at melt.
But there isn't a high risk of it; I can't think of a single US Mint coin with a mintage of under 5,000 that trades for under $150.
Comments
If so, we already own these so why bother.
R
Miles
<< <i>Can someone remind me what the Mint's original prices were for the Proof and Uncirculated Plats? >>
Unc: 1 oz 2,349
1/2 1,199
14/ 619
1/10 259
set 4,289
Proof
2,509
1,279
664
279
set 4859
And welcome to the boards!
<< <i>
<< <i>Can someone remind me what the Mint's original prices were for the Proof and Uncirculated Plats? >>
Unc: 1 oz 2,349
1/2 1,199
14/ 619
1/10 259
set 4,289
Proof
2,509
1,279
664
279
set 4859
And welcome to the boards! >>
Are those the original #'s or the upgraded #'s from the platinum bull market a couple months ago??
I only paid $1949.95 for the 2 coin Anniversary set....each 1/2oz.
Agree? Disagree?
I knew it would happen.
Just gotta get me a OGP 07 and I'm good
Excellent example of my tax dollars working smarter than harder !
HE>I
Actually, the asking price was $12,995.00. It's just awful when things like that happen.
"The seller ended this listing early because the item is no longer available for sale."
I knew it would happen.
<< <i>I am suprised there are no "Pre" sets on ebay??? Have they outlawed the practice?
Miles >>
Actually, they started yesterday, and more are up and running, some sellers claim they are impossible to find LOL,,,Link
<< <i>
<< <i>
<< <i>Can someone remind me what the Mint's original prices were for the Proof and Uncirculated Plats? >>
Unc: 1 oz 2,349
1/2 1,199
14/ 619
1/10 259
set 4,289
Proof
2,509
1,279
664
279
set 4859
And welcome to the boards! >>
Are those the original #'s or the upgraded #'s from the platinum bull market a couple months ago??
I only paid $1949.95 for the 2 coin Anniversary set....each 1/2oz. >>
Sorry I forgot the time frame, those prices were from around 7/24/08, the bull period I think
<< <i>
<< <i>
<< <i>
<< <i>Can someone remind me what the Mint's original prices were for the Proof and Uncirculated Plats? >>
Unc: 1 oz 2,349
1/2 1,199
14/ 619
1/10 259
set 4,289
Proof
2,509
1,279
664
279
set 4859
And welcome to the boards! >>
Are those the original #'s or the upgraded #'s from the platinum bull market a couple months ago??
I only paid $1949.95 for the 2 coin Anniversary set....each 1/2oz. >>
Sorry I forgot the time frame, those prices were from around 7/24/08, the bull period I think >>
I thought so, we need someone to get the prices from January 2008!
Thanks for clarifying.
Good point! I think that the Mint should stop accepting orders now.
Actually, it's probably the economy.
I knew it would happen.
<< <i>The Mint doesn't seem to be taking many orders. I place an order yesterday for the platinum coins and another one today and there are only 4,200 orders between the two. >>
Ya, but every order is for multiples, 5's 10's and 20's of everything....
<< <i>The Mint doesn't seem to be taking many orders. I place an order yesterday for the platinum coins and another one today and there are only 4,200 orders between the two.
Good point! I think that the Mint should stop accepting orders now.
Actually, it's probably the economy. >>
The point I was making is there doesn't seem to be a big rush for the platinum coins.
Order Date: 10/17/2008 at 01:58 PM
All UNC's
1 oz - $822
1/2 oz - $411
1/4 oz - $205.50
1/10 oz - $82.20
Contrast these figures with the Mints sell prices and it's a little easier to see why Plat Eagles aren't exactly on fire at the US Mint.
how many coins ordered on each order?
like i stated earlier i know of buyers who bought smaller fractionals, a couple of hundred pieces....between them
my guess is that 1/4's will go black first, followed by 1/2's and 1/10's, sets will be the only format remaining if you want fractionals
just my humble opinion
<< <i>Whatever happened to seven and how he was told that they were NEVER coming back and how he wanted 10K+ for his set! AHAHAHA
Actually, the asking price was $12,995.00. It's just awful when things like that happen.
"The seller ended this listing early because the item is no longer available for sale." >>
Was that actually Sevens' add for his great set of NGC 70's? I was wondering who in the world would put this statement in that sale add; " I do not have PCGS submission privileges but will guarantee that this set will receive PCGS 70's all day long! I will guarantee that with a $1000 escrow if you choose to crossover to PCGS and encapsulate within 14 days of purchase." Now I know
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>Can someone remind me what the Mint's original prices were for the Proof and Uncirculated Plats? >>
Unc: 1 oz 2,349
1/2 1,199
14/ 619
1/10 259
set 4,289
Proof
2,509
1,279
664
279
set 4859
And welcome to the boards! >>
Are those the original #'s or the upgraded #'s from the platinum bull market a couple months ago??
I only paid $1949.95 for the 2 coin Anniversary set....each 1/2oz. >>
Sorry I forgot the time frame, those prices were from around 7/24/08, the bull period I think >>
I thought so, we need someone to get the prices from January 2008!
Thanks for clarifying.
i can give january pricing for 2007-W`s, 1/4 oz unc i paid 435.95 each from the mint. it was just before ending these to put up the 2008`s.
edited to add pics
<< <i>
<< <i>Can someone remind me what the Mint's original prices were for the Proof and Uncirculated Plats? >>
Unc: 1 oz 2,349
1/2 1,199
14/ 619
1/10 259
set 4,289
Proof
2,509
1,279
664
279
set 4859
And welcome to the boards! >>
Accordingly, the United States Mint will commence selling the
following 2008 American Eagle Platinum Proof Coins according to the
following price schedule:
------------------------------------------------------------------------
Description Price
------------------------------------------------------------------------
2008 American Eagle Platinum Proof Coins:
One-ounce platinum coin............................... $2,299.95
One-half ounce platinum coin.......................... 1,174.95
One-quarter ounce platinum coin....................... 609.95
One-tenth ounce platinum coin......................... 269.95
Four-coin platinum set................................ 4,119.95
------------------------------------------------------------------------
<< <i>The Mint doesn't seem to be taking many orders. I place an order yesterday for the platinum coins and another one today and there are only 4,200 orders between the two. >>
4200 orders/ day seems like a large number to me even if it is 1 coin/order.
I can't imagine why any collectors would want to order non-platinum coins, but there's no accounting for taste!
My Adolph A. Weinman signature
<< <i>I guess Seven wont be showing his face around these parts for a while........ >>
I'm just fortunate that you guys serve me up humble pie in small portions
HE>I
I have worked on this spreadsheet of W minted Proof and Burnished Platinum Eagles. I believe this to be correct and am looking for confirmation of the numbers which have been gathered in various places.
Also I am curious about the 2007 1/10 Platinum Proof. The numbers look extremely low and I havent seen the rush for this date. Any ideas?
These are total sales.
You've got to admit, Seven was preeeetttyyyy sure of himself, time did tell who was correct.....
<< <i>I have been following (lurking) on this board for almost 3 years. The knowledge and insight is amazing compare to another board that I have been a member of where people just stand on a soap box and talk about their scratched up pennies found on the sidewalk followed by a weeklong debate over correct vocabulary of cent vs. penny. Anyways thanks for what I have gathered here. Mostly I follow platinum eagles and other upcoming information.
I have worked on this spreadsheet of W minted Proof and Burnished Platinum Eagles. I believe this to be correct and am looking for confirmation of the numbers which have been gathered in various places.
Also I am curious about the 2007 1/10 Platinum Proof. The numbers look extremely low and I havent seen the rush for this date. Any ideas?
These are total sales.
I wont be able to confirm the numbers in your spreadsheet for a few years but I can welcome you to this Forum. Welcome
My Adolph A. Weinman signature
<< <i>Anyone think the proofs have a shot at having lower mintage than the unc. W's >>
If I were to guess I'd say no, more than likely they made 1 run of each and they tend to make more proofs since it's a mature series with a larger collector base.
<< <i>Good eye. The 1 oz 2007 should have been 9268. My formula was off. >>
Your 2008 proof .1 & 1 totals are transposed.
97=36,993
98=19,847
99=19,133
00=15,651
01=12,174
02=12,365
03= 9,534
04= 7,161
05= 8,104
06= 9,229
07= 7,964
08= 2,014
HE>I
<< <i>it all makes for a more exciting forum >>
entertaining as well.
I like to wait until the "Last Word Larry's" like Seven show themselves, then its fun to wind them up and watch them go. I know , it doesn't have anything to do with coins, but we all need a little entertainment sometimes.
He originally got on that thread to generate some interest in his set before he put it up for auction. He should have headed over to the BST board. But then he went over the top and said 7over8's kids hated him. C'mon what did he expect. LOL.
With the high prices in the aftermarket driving sales, many orders will no doubt pour in. Suppress all sales figures for a while and no one would be the wiser.
Of course, Plat continuing it's dive might screw things up a bit for them.
That would kill all new sales and generate a flood of returns.
That would kill all new sales and generate a flood of returns.
I don't know if that would be true. Granted, at some level, the floor on these is tied to platinum spot.
But unless these close out at a higher mintage than most of us anticipate, there is numismatic value to account for.
A low mintage 1/10 oz coin isn't going to drop in price because spot takes a 25% hit from here; the value disconnects from spot as long as there's sufficient demand.
No different than 1 ounce silver commemoratives and bullion issues that trade for multiples of spot.
If the 1/10 ounce coins close out with mintages of only a few thousand, there probably isn't too much reason to worry about the value dropping below issue price at $135 for the unc to $150 for the proofs.
I'm not saying it couldn't happen. Given other things we've seen in the financial sector, it would be foolish to say it could never happen. The most conservative approach would always be to value these with the floor at melt.
But there isn't a high risk of it; I can't think of a single US Mint coin with a mintage of under 5,000 that trades for under $150.