Platinum coins....

coolest

are back on sale at the mint!!

How long til they sell out?

Metalsman

<< <i>are back on sale at the mint!!

How long til they sell out? >>



Dont know but if you are buying platinum better to get them now.. you never know with the mint and this market. They could be pulled/repriced in with any swing... otherwise.. where else are you going to get 1 ounce of platinum for $1215.00 right now?

MoneyLA

my son sold a one ounce plat eagle on ebay last night for 1395 inc shipping. payment was immediate via paypal. he had multiple offers for the plat eagle in the 1100 to 1200 range.

how do you interpret all this?

Goldbully

<< <i>my son sold a one ounce plat eagle on ebay last night for 1395 inc shipping. payment was immediate via paypal. he had multiple offers for the plat eagle in the 1100 to 1200 range.

how do you interpret all this? >>



Platinum is at a real low right now.....your son did well, but platinum will be back with a vengeance!!!!

I'm a buyer Alan...see the U.S. Coin forum!!!!

Tons of Plat Eagle buyers forthcoming!!!!!

MoneyLA

Goldbully.... what do you think about the Mint's new pricing for plat eagles?

I checked with a local B&M shop and they undercut the mint's price by about $100. however, they are not selling plat eagles in the presentation boxes, they are just in coin flips.

thanks

Goldbully

<< <i>Goldbully.... what do you think about the Mint's new pricing for plat eagles?

I checked with a local B&M shop and they undercut the mint's price by about $100. however, they are not selling plat eagles in the presentation boxes, they are just in coin flips.

thanks >>




Love the new Mint pricing on the W-Mint Plats!!!

As far as local B&M shop, sounds like unburnished planchet bullion, Alan!!

W-Mintmark not there!!!

Pure bullion play...not for me!!!!!!

DD in play !!!!

MoneyLA

unfortunately, when it comes time to sell, no one cares about mint packaging or W mint marks. its all about the bullion price.

when I had some of those W gold eagles I got the same story wherever I went... no one cared.

why should it be any different with the W plat eagles??

if I am wrong, tell me.

thanks.

Kablemodem

It will matter if the W plats turn out to be rarities.

MoneyLA

I think your operative word is "if" and frankly I think that means gambing. PM are already a gamble. You are adding in the numismatic gamble, no??

Metalsman

<< <i>I think your operative word is "if" and frankly I think that means gambing. PM are already a gamble. You are adding in the numismatic gamble, no?? >>



However the "if" applies in your play as well. You will ONLY make money "if" Platinum goes up. The way I see it is with the "W" version you have a double play for a small premium to bullion platinum. At the current buy price from the mint even if platinum does'nt rise there could be some appreciation with the "W" coins that the bullion version wont see... JMHO.

Smittys

I traded my Platinum for Silver spot for spot and Mine had the W mintmark
Maybe smart maybe not

Overdate

The "W" platinum collector coins (burnished and proof) have new and generally attractive reverse designs each year, while the mintmarked gold and silver coins have the same designs as their bullion counterparts.

When the platinum price was high, this factor did not make a major difference in their price, and many of the scarcer issues saw their premiums over bullion prices decline. However, if the platinum price continues to decline, collecting the series may become more affordable and therefore more popular. This, in turn, could support a significant premium over time for the scarcer issues.

My opinion only.

MoneyLA

thank you for the responses about the W plat coins. since I know nothing about these, I appreciate all of the new information.

now tell me about the potential rarity? how many of the UNCS and how many of the Proofs have been minted this year? and are we talking about the coins now being sold on the mint's web site?

thanks again for the info.

fc

the term potential rarity is quite humorous to me when speaking of an issue
that is 10 or so years old and even newer.

i think you mean how hot the series can be... how trendy...
rarity has nothing to do with plats. period.

and as you can see... the spot price of plat going up was the reason
for the hot trend..

will the cycle start over? how many years will it take?

sonde79

what are some good platinum bullion coins besides the eagle?

JeremyDie1

<< <i>what are some good platinum bullion coins besides the eagle? >>



Platinum Canadian Maple Leaf

jmski52

rarity has nothing to do with plats. period.

Wrong again, fc. Wrong again. Plats are not an exception to the rarity factor.

and as you can see... the spot price of plat going up was the reason for the hot trend..

Actually, some people like the coins. Platinum - heavier than gold and 10 times rarer.

To appreciate Plats, you need to take a raw 1 ozer in-hand. Flip it a few times, carry it around as a pocket piece. Live a little.

fc

<< <i>rarity has nothing to do with plats. period.

Wrong again, fc. Wrong again. Plats are not an exception to the rarity factor.

and as you can see... the spot price of plat going up was the reason for the hot trend..

Actually, some people like the coins. Platinum - heavier than gold and 10 times rarer.

To appreciate Plats, you need to take a raw 1 ozer in-hand. Flip it a few times, carry it around as a pocket piece. Live a little. >>



oh please. do not abuse the word "rare" and become another pimp
of coins.

you seem, to me, to wish something upon on an object because you
cannot see through your obvious bias.

plats became popular for the most part due to rising PM prices.
key word being the most part.

plats are not rare. name one plat coin that has a pop of less then 25? less then 50? less then 100? less then 500? just because there
is a low mintage does not mean they are rare for goodness sakes.

heck, plat was even made into a coin/round to cater to speculators
of the metal. obviously anything the mint makes is considered collector
material but they originated because there was demand to own the
metal before the design.

Kablemodem

Rarity is relative. Just because low mintage platinum coins don't meet your definition of rare doesn't mean they are not.

jmski52

fc, when I was a kid, the hole in my Whitman Mercury Dime folder had a cardboard plug insert in the 1916-D hole that said, "rare".

Was a dime having a mintage of 264,000 "rare"?

For the record, I said "rarity factor" which is a common term that can be applied to any coin, in any series. A rarity factor can range from a "1" to a "9" and simply refers to relative rarity.

just because there is a low mintage does not mean they are rare for goodness sakes.

Oh, but it does. Especially if the mintage is very low. The prime rarity variable for any Modern series is absolutely the mintage. Mintage is the best case scenario - the total number outstanding declines from that point. Get real.

heck, plat was even made into a coin/round to cater to speculators
of the metal. obviously anything the mint makes is considered collector material but they originated because there was demand to own the metal before the design.

fc, there have been many coins, both classic and modern that were made for a variety of reasons, and not always have they been made for circulation. And not always did they meet the strictest criteria for a circulating coin, nevertheless they are collected as coins. Many classic rarities were unauthorized and were released under a cloud of suspicion, but it doesn't diminish their collectability.

So what if the reason for their release was because of a demand for the metal? That's a legitimate reason to make them, in contrast to such coins as the gold stellas, the 1804 Silver Dollar, the 1913 Nickels, the 1894-s Barber Dimes.........

Even the original Morgan Dollars were minted as a political move. The Silver, Gold and Platinum Eagles have more legitimacy than many "classic rarities".

Fade out.

Overdate

plats became popular for the most part due to rising PM prices.

Mintages declined in recent years as prices rose.

plat was even made into a coin/round to cater to speculators

A coin is not a round. Bullion coins function as a store of value whose precious metal content is guaranteed by the issuing government, while circulation coins function as a medium of exchange. Platinum bullion coins, like gold and silver bullion coins, cater to investors looking for diversification as well as "speculators".

fc

<< <i>plats became popular for the most part due to rising PM prices.

Mintages declined in recent years as prices rose.

plat was even made into a coin/round to cater to speculators

A coin is not a round. Bullion coins function as a store of value whose precious metal content is guaranteed by the issuing government, while circulation coins function as a medium of exchange. Platinum bullion coins, like gold and silver bullion coins, cater to investors looking for diversification as well as "speculators". >>



mintages probably declined due to the onslaught of mint made collectibles flooding the market to a saturation point where people
reached the burn out point.

to me, a coin is something you spend in a store. a bullion round is
PM and it serves a totally different day to day function. 1933 and 1964
are long past. nickel and copper are not PMs to me.

Overdate

to me, a coin is something you spend in a store

So a commemorative coin is not a coin? And a proof coin is not a coin?

renman95

So, when you burnish the bullion thingy and add a W then it's then a coin? Or a fancy collectible bullion thingy?

Ren