<< <i>i ordered another 1/4 plat on 10/21 at 3:26PM CST. i got my coin yesterday. based on theories on this thread, my order was close to the cutoff. anyone else order later than me and also get their coins?
C >>
I ordered at 12:00PM ET (10/21) and received them on Friday (10/24), so I was a little earlier than you. Sounds like you ordered at the end of the inventory and they are sending out returns to fill pending orders.
I'd keep playing. I don't think the heavy stuff will be coming down for quite a while!
I just looked up platinum futures and I am seeing a projected upside in this rally to $1125 an ounce, that is not my guess but what the charts are projecting if anyone is interested. Should this occur the platinum coins should have no trouble selling out as it is close to mint prices for the UNC.
$1125 sounds awful high to me but just that is what I am seeing is all. PS I would post this on the precious metals side but don't want to be crucified for it.
<<The one-ounce "W" plats typically have a higher mintage than the half ounce and quarter ounce coins, so that could potentially be the case for 2008 also.>>
I wouldn't be surprised that due to the extreme volatility earlier this year in the price of platinum, that this trend may not hold this year. I suspect the Mint was likely more conservative in its initial production run...and then as sales were suspended time and again and sales remained low...time has just ran out.
I just don't think that with raw materials costing anywhere from between $1,500-$2,200/ounce (earlier this year), that they assumed that there was going to be heavy demand...just my 2 cents.
7over8 I pulled up a couple of threads to see when the numbers changed for the 2006 W UNC one ounce beyond what I attached earlier just out of curiosity.
That 500 coin number I had was on December 29, 2006 and was the final one NN gave after the sellout.
It appears from this thread that around February 11th, 2007 the one ounce coin was revised upwards to the 1100 figure I gave earlier.
Then later it was reported June 15th, 2007 in Coinworld that these numbers were much higher still but turned out to be inaccurate. That appears to be where you remember the 2775 4 set sets sold:
1 OZ - 4,275 coins sold 1/2 OZ - 3,800 coins 1/4 OZ - 3,625 coins and the key date for the set 1/10 OZ - 4,775 coins sold
And we now know the February 11th 2007 numbers minus a few were what ended up the final ones we have now. It is odd Coinworld could be so far off on those coins though, this is why it isn't final for some time like we said.
The CW article was based on USM numbers released. They later turned out to be revised downward from 1500 single issue 1oz coins to 1100, more erroneous was the set sales at 2775 vs ~2000 actual.
Net, a 1275 piece overstatement of mintage released by CW based on USM numbers. CW did not make these numbers up, they were from the USM - errors, and corrected.
When postings suggest that the numbers released by the USM are "fact" please just refer to this example. A 1275 piece overstatement on the single coin format 1 oz coin.
I do think it is HIGHLY likely that the $25 2008 "w" numbers are pure garbage!
What do they bring to mind? 2005 proof plat halves anyone at 4200 mintage? 2006 "w" 4 coin sets at 2775? 2006 "w" $100 plats at 500 coins single issue.
How many of us think they sold 1500 coins in one week while in back order........? Who thinks the $25 and $10 coins were struck in about the same volume as an initial issue?
My advice is buy what you need for your collection. Watch what happens to the half and 4 coin set. If you have the half go out in the next few hundred coins you will have a good feel for the quarter real pops. Go buy the proofs that you need for your collection.
<< <i>The CW article was based on USM numbers released. They later turned out to be revised downward from 1500 single issue 1oz coins to 1100, more erroneous was the set sales at 2775 vs ~2000 actual.
Net, a 1275 piece overstatement of mintage released by CW based on USM numbers. CW did not make these numbers up, they were from the USM - errors, and corrected.
When postings suggest that the numbers released by the USM are "fact" please just refer to this example. A 1275 piece overstatement on the single coin format 1 oz coin. >>
Whatever happened to FLBUffHunter? Did he drown in all of those First Spouse Coins he was promoting. If I recall, he was an adamant supporter of the CW numbers relating to the 2006-W's plats. Did he ever come back and eat crow when the real numbers came out?
I think the mint may be 500 coins over with the 1/4 too but we will see in a few months or however long it takes. Platinum is actually trading up today in a tough market so it has momentum here it seems [at least for now].
PS If the additional coins added are backorders perhaps the mint has ordered more blanks to mint??? I can't imagine they are keeping it on backorder unless they expect returns or have more to mint.
If the additional coins added are backorders perhaps the mint has ordered more blanks to mint??? I can't imagine they are keeping it on backorder unless they expect returns or have more to mint.
I'm not sure why you can't imagine that, the Mint has done it before and it seems to be standard practice.
I also don't think anyone expects that they are making more. I suppose it's theoretically possible, but I think everyone who's active here is operating under the belief that they've made what they've made and that's it.
There might be better sources but, for instance, I note that David Harper's report when these went back on sale says final supply:
Mint Stats: Final ‘W’ platinum Eagle supply on sale October 23, 2008 by By David C. Harper
The “W” collector platinum American Eagle proof and uncirculated coins are back on sale and totals have risen modestly. However, reports indicate the unc. “W” tenth ounce already is gone.
backorders will be filled, but it won't be because they are minting more. they'll be filled from returns by bulk buyers who don't like the reported sales figures and are exercising their 30 day return option.
I ordered 1/4 oz uncirc plat on Oct 21 in the evening and it went on backorder. Today I received an email from the Mint stating it was put on backorder. Bit of a lag there. Maybe I'll actually receive it. On a side note, I also have noticed that the backorder date of the 1/10 oz uncirc gold buffalo has been moving parallel with the B/O date on these 1/4 oz uncirc plats, if anyone finds that interesting.
The 1/10 ounce coins went unavailable very quickly for one reason...people like florida bill were putting in massive orders...ie...475 coins for one order alone. When you have many large orders like that...it only takes a day or two to reach 10 or 20% over what they have in stock.
The mint...most likely... is not getting huge orders like that on the 1/4 ounce coins and so the backorder date is moving back one day at a time until the magic cut off of 10 or 20% over what they have in stock.
I think it's possible. Some people were hoping for numbers lower than 2006 ws, and may have returned these for that reason.
2008 w $10s haven't taken off on the secondary market -- looks like ebay has a few at 165 or so... I wouldn't return these, but heck, I think a few people returned 2006 ws, so there's no accounting for the decisions people make.
The 1/10 ounce coins went unavailable very quickly for one reason...people like florida bill were putting in massive orders
A few people were responsible for bulk orders of $10s that ate up existing supply, but it wouldn't take many of those to hit the 2,500 individual sale mark. Don't forget, that number includes the 712 individual $10s the Mint had sold by June. The existing supply of individual $10s when they reopened sales must have been under 1800 coins -- it's not very surprising that the Mint would quickly sell out of such a small supply, especially if a few people made significant purchases.
What's surprising, I think, is that the reported $25 sales went as high as they did so quickly. It seems like a strange decision for the Mint to have made more $25s than $10s, when the $10s have always had higher sales volume. Similarly, at $320, it would cost a bulk buyer substantially more to purchase quantities as a speculative flip -- not saying it couldn't be done, but just surprising that it would happen as quickly as it would need to. I think that's why people like 7over8 and Eric have expressed the opinion that the reported $25 sales numbers could prove incorrect. Anyway, I'm not as quick to discount the reported sales numbers. They're the only hard information we have at the moment, though we do know those types of figures have proved inaccurate in the past.
I think outside this forum Platinum coins are well bellow the radar, and sales will likely stay low for at least the next 60 days which will insure that will be no additional production of the 08-W plats. The final mintage's will certainly be close to that of the '06s, but we will not know for sure for about 3 years (I take the Redbook publication as the final measure). Until then I will definitely be keeping at least one 4-coin set. All other forum members would be wise to do likewise. If I could afford a set of the Proofs I would save a set of those also.
An about face from you. Eric mentions the 1/4 sales are pure garbage and you jump on the train.
In weighing the probability that the Mint's figures could prove wrong, Eric's opinion is added to the things I would consider. Eric is generally careful to distinguish between rumor, opinion and fact.
If you look back, you'll see that I agree that logically, it doesn't make sense for the Mint to make more $25s than $10s. I also was surprised by the reported sales numbers of $25s on Oct. 26.
I've always been open to the possibility that the reported $25 sales figures may prove wrong, and nothing would make me happier than to wake up to a number revised downwards by 1,000 coins.
But I'm not about to advise anyone to accept those hopes or expectations as fact. I'll present the data we have, honestly, and provide my thoughts and opinions for anyone who cares to consider them, and let people make their own decision.
The numbers may be revised downwards, they might not. If a revision does come, it probably won't be for several weeks. Anyone who went deep with money he doesn't have hoping for a quick flip should make decisions based on best available information. Right now, the best available information remains the sales figures. And right now, the reported $25 sales figures are too high to make a compelling flip. The secondary sales on ebay aren't strong even for the $10s, which we know are sold out, and even weaker for the $25s - which I believe are sold out despite the backorder message. I'm willing to accept the possibility they are sold out at the reported sales figure, The number certainly could be revised, but there's no reason to expect that will happen in the next week or two.
Again, as a collector, I agree they're good coins. The $25 has over $200 worth of platinum at current spot, a mintage we can be confident will be smaller than the Jackie Robinson $5 unc. gold, at a price of $320. It's not a bad deal. As a flip, as of now anyway, it's no home run, and maybe not even a base hit.
I notice that the burnished 2007-W and 2008-W platinum $10's are fetching similar prices on the secondary market.
IMO it's very unlikely that the 2008-W will exceed the mintage of the 2007-W, and there's a decent chance that the 2008 mintage will be considerably lower. While there are no guarantees, I like the risk-reward ratio of the burnished 2008-W platinum $10 at current prices.
The mint has sold 802 1/2 UNC coins so far so the 1/4 singles must have sold at least that amount or more not including backorders [if they are including those].
1500 backorders plus 802 is 2302 which is more than the mint is showing for "sales" for the 1/4. So it must be under 1500 backorders at this time it seems, and the 1/4 must have sold more than 802 or else the 1/2 would probably be in backorder.
The key is still the 4 coin set, 1500 sets and there is still a chance of low mintages.
One thing with the 1/4's is there may be a high return rate due to the run of coins with the mark on the elbow so they are holding a high number of backorders and are mistakenly counting those is sales numbers. If there is a chance for low mintage I think this is the likely possibility.
It is odd though the mint would put out high sales numbers like this if they don't have the coins as it actually hurts the mint with more returns.
Anyway I could see a mintage of 1250 singles and 1500 sets, still over 2006, 1000 singles and 1500 sets I see as unlikely but would tie or slightly beat 2006. If the 2138 single numbers they have are accurate then it blows past 2006 and approaches 2007.
It is odd though the mint would put out high sales numbers like this if they don't have the coins as it actually hurts the mint with more returns.
They have always done things that way. It is customary for them to over sell their product to ensure returns find a safe home. These are the sales figures for 2008 and 2006. Again, these are SALES FIGURES and not MINTAGE FIGURES:
2006W UNC Platinum SALES figures:
4,775 3,625 3,800 4,275
2008W UNC Platinum SALES figures:
3,691 3,329 1,993 (Option still available) 1,584 (Option still available)
In 2006, once the sales period ended (to include their 30 day return window) the numbers looked like this:
3,544 2,676 2,577 3,168
Don't be surprised if the 2008W numbers are re-adjusted once the 30 day window closes. AGAIN, THESE ARE JUST SALES FIGURES...
<< <i>It is odd though the mint would put out high sales numbers like this if they don't have the coins as it actually hurts the mint with more returns.
They have always done things that way. It is customary for them to over sell their product to ensure returns find a safe home. These are the sales figures for 2008 and 2006. Again, these are SALES FIGURES and not MINTAGE FIGURES:
2006W UNC Platinum SALES figures:
4,775 3,625 3,800 4,275
2008W UNC Platinum SALES figures:
3,691 3,329 1,993 (Option still available) 1,584 (Option still available)
In 2006, once the sales period ended (to include their 30 day return window) the numbers looked like this:
3,544 2,676 2,577 3,168
Don't be surprised if the 2008W numbers are re-adjusted once the 30 day window closes. AGAIN, THESE ARE JUST SALES FIGURES... >>
I'm pretty sure those first 2006 sales numbers you have were the old coinworld numbers from way after the sets sold that. The mint was claiming sales of these numbers for total sales right at the sellout.
2500 2600 2750 3700
which were actually very close to the final numbers except for the one ounce. So they didn't seem to have added in backorders in 2006 and understated the one ounce up until the coins sold out. Which is why it is odd they will now add in backorders if that is occuring.
Maybe the 1/4 W UNC are correct after all when you look at these figures. The 1/4 outsold all others here and it looks like they must have had a low number of 1/10 blanks.
These "fractional" version of the bullion coin are becoming increasingly scarce. not really
This year, due to the great fluctuations in platinum prices, the US Mint has revealed that they WILL NOT BE STRIKING MORE of these denominations. as far as I know, the Mint hasn't revealed that, though there's a rumor
At this time, the 1/10 and 1/4 ounce version are sold out. true, except for the 4 coin sets
It is estimated that these will be BY FAR the LOWEST mintage YET in the series. not true
It is not clear what the mintage will be, but it is estimated that there may be less than 2000 minted. under 2000? very unlikely
I'm not a big fan of this kind of pitch.
Here's another one from a BIN auction that ended: link
Sold Out at the USMint, and destined to be the Lowest Mintage of any Modern Numismatic Coin EVER!!! not true
That auction was just $429 a minute ago, and now I see that it has ended @ $389 with a BIN. Hmmmmmmmmmmm.
sorry, it might have seemed that way because I've been editing my post. There's 2 auctions. The first is open, 4 available at $429. The second is BIN auction which sold at $389.
probably. but if someone's got a credit card bill and is concerned these aren't going up, $389 clears a small profit after transaction costs, better than returning.
What is the mint going to do with all of the returned coins? Melt them, or put them back on sale?
I remember when I wanted to order a Jefferson First Spouse coin they were marked as no longer available. Then one day they were for sale again and I got one.
<< <i>What is the mint going to do with all of the returned coins? Melt them, or put them back on sale?
I remember when I wanted to order a Jefferson First Spouse coin they were marked as no longer available. Then one day they were for sale again and I got one. >>
I am sure they were marked no longer available BUT I am also sure they were not put on the no longer available list. Once it makes that list it stays there.
<< <i>What is the mint going to do with all of the returned coins? Melt them, or put them back on sale?
I remember when I wanted to order a Jefferson First Spouse coin they were marked as no longer available. Then one day they were for sale again and I got one. >>
<< <i>What is the mint going to do with all of the returned coins? Melt them, or put them back on sale?
I remember when I wanted to order a Jefferson First Spouse coin they were marked as no longer available. Then one day they were for sale again and I got one. >>
I am sure they were marked no longer available BUT I am also sure they were not put on the no longer available list. Once it makes that list it stays there.
the USM can look into the abnormalities of their ordering system and explain how they took 1500+ pieces in orders while in backorder status.
I'm a gambling man, and IMO, based on $10 unc-w mintage and the "behaved" (to borrow a phrase) action of the $50 unc-w's - I would guess-timate that there are no more than 1000-1200 $25 coins available.
Throw away the sales reports, soon the 1500+ backorders will be cancelled. None of them have been delivered, no one with sizeable orders placed after 6pm on 10/21 has rec'd any coins.........if you happen to be on top of that list, you may get some recycled returns, but thats it.
<< <i>what will the USM do with returned $25 unc-w coins?
very simply put - send them to the customers who placed orders for 1500 coins when they didnt exist!!! Thats what they will do.... >>
I'm sure the ones that returned for a scratch or other error will be melted.
And by the way Ive changed my mind about buying a "Proof set", If I get the money I will go for another "Unc-W set" (@ $2225), and three years from now I'll be able to trade it for a set of the '06 uncs. Or sell my extra '08 set and buy an '07 set and an '06 set. I think the whole 12 coin, three year, set would be awesome, they really are a nice design.
<< <i>Now that $25 unc-w plats have the sign posted
"No Longer Available"
the USM can look into the abnormalities of their ordering system and explain how they took 1500+ pieces in orders while in backorder status.
I'm a gambling man, and IMO, based on $10 unc-w mintage and the "behaved" (to borrow a phrase) action of the $50 unc-w's - I would guess-timate that there are no more than 1000-1200 $25 coins available.
Throw away the sales reports, soon the 1500+ backorders will be cancelled. None of them have been delivered, no one with sizeable orders placed after 6pm on 10/21 has rec'd any coins.........if you happen to be on top of that list, you may get some recycled returns, but thats it. >>
I have a small order on 10/21 1:40P.M. PST and it have not been filled. An order on 1:33 P.M. was filled on the 29th but they are not returns, these were perfect.
Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent. San Diego, CA
Comments
<< <i>i ordered another 1/4 plat on 10/21 at 3:26PM CST. i got my coin yesterday. based on theories on this thread, my order was close to the cutoff. anyone else order later than me and also get their coins?
C >>
I ordered at 12:00PM ET (10/21) and received them on Friday (10/24), so I was a little earlier than you. Sounds like you ordered at the end of the inventory and they are sending out returns to fill pending orders.
$1125 sounds awful high to me but just that is what I am seeing is all. PS I would post this on the precious metals side but don't want to be crucified for it.
I wouldn't be surprised that due to the extreme volatility earlier this year in the price of platinum, that this trend may not hold this year. I suspect the Mint was likely more conservative in its initial production run...and then as sales were suspended time and again and sales remained low...time has just ran out.
I just don't think that with raw materials costing anywhere from between $1,500-$2,200/ounce (earlier this year), that they assumed that there was going to be heavy demand...just my 2 cents.
That 500 coin number I had was on December 29, 2006 and was the final one NN gave after the sellout.
It appears from this thread that around February 11th, 2007 the one ounce coin was revised upwards to the 1100 figure I gave earlier.
http://forums.collectors.com/messageview.cfm?catid=26&threadid=568695&highlight_key=y&keyword1= platinum&keyword2= changed
Then later it was reported June 15th, 2007 in Coinworld that these numbers were much higher still but turned out to be inaccurate. That appears to be where you remember the 2775 4 set sets sold:
1 OZ - 4,275 coins sold
1/2 OZ - 3,800 coins
1/4 OZ - 3,625 coins and the key date for the set
1/10 OZ - 4,775 coins sold
.....There were 2,775 four coin sets sold...
http://forums.collectors.com/messageview.cfm?catid=26&threadid=591698&highlight_key=y&keyword1= platinum&keyword2= changed
And we now know the February 11th 2007 numbers minus a few were what ended up the final ones we have now. It is odd Coinworld could be so far off on those coins though, this is why it isn't final for some time like we said.
Net, a 1275 piece overstatement of mintage released by CW based on USM numbers. CW did not make these numbers up, they were from the USM - errors, and corrected.
When postings suggest that the numbers released by the USM are "fact" please just refer to this example. A 1275 piece overstatement on the single coin format 1 oz coin.
What do they bring to mind? 2005 proof plat halves anyone at 4200 mintage?
2006 "w" 4 coin sets at 2775?
2006 "w" $100 plats at 500 coins single issue.
How many of us think they sold 1500 coins in one week while in back order........? Who thinks the $25 and $10 coins were struck in about the same volume as an initial issue?
My advice is buy what you need for your collection. Watch what happens to the half and 4 coin set. If you have the half go out in the next few hundred coins you will have a good feel for the quarter real pops. Go buy the proofs that you need for your collection.
If Eric thinks it is highly likely that the $25 numbers are pure garbage, I think it would be a mistake to ignore his opinion.
<< <i>The CW article was based on USM numbers released. They later turned out to be revised downward from 1500 single issue 1oz coins to 1100, more erroneous was the set sales at 2775 vs ~2000 actual.
Net, a 1275 piece overstatement of mintage released by CW based on USM numbers. CW did not make these numbers up, they were from the USM - errors, and corrected.
When postings suggest that the numbers released by the USM are "fact" please just refer to this example. A 1275 piece overstatement on the single coin format 1 oz coin. >>
Whatever happened to FLBUffHunter? Did he drown in all of those First Spouse Coins he was promoting. If I recall, he was an adamant supporter of the CW numbers relating to the 2006-W's plats. Did he ever come back and eat crow when the real numbers came out?
PS If the additional coins added are backorders perhaps the mint has ordered more blanks to mint??? I can't imagine they are keeping it on backorder unless they expect returns or have more to mint.
I'm not sure why you can't imagine that, the Mint has done it before and it seems to be standard practice.
I also don't think anyone expects that they are making more. I suppose it's theoretically possible, but I think everyone who's active here is operating under the belief that they've made what they've made and that's it.
There might be better sources but, for instance, I note that David Harper's report when these went back on sale says final supply:
Mint Stats: Final ‘W’ platinum Eagle supply on sale
October 23, 2008
by By David C. Harper
The “W” collector platinum American Eagle proof and uncirculated coins are back on sale and totals have risen modestly. However, reports indicate the unc. “W” tenth ounce already is gone.
link
Right now nobody has said they have received a backorder lately and it has been on backorder for almost two weeks now?
PS I thought they had the early spouse coins on backorder like this while they minted more because they didn't have them ready to ship.
The mint...most likely... is not getting huge orders like that on the 1/4 ounce coins and so the backorder date is moving back one day at a time until the magic cut off of 10 or 20% over what they have in stock.
1 unit reserved, 22 units backordered. Expected to ship on 11/20/2008.
San Diego, CA
I think it's possible. Some people were hoping for numbers lower than 2006 ws, and may have returned these for that reason.
2008 w $10s haven't taken off on the secondary market -- looks like ebay has a few at 165 or so... I wouldn't return these, but heck, I think a few people returned 2006 ws, so there's no accounting for the decisions people make.
A few people were responsible for bulk orders of $10s that ate up existing supply, but it wouldn't take many of those to hit the 2,500 individual sale mark. Don't forget, that number includes the 712 individual $10s the Mint had sold by June. The existing supply of individual $10s when they reopened sales must have been under 1800 coins -- it's not very surprising that the Mint would quickly sell out of such a small supply, especially if a few people made significant purchases.
What's surprising, I think, is that the reported $25 sales went as high as they did so quickly. It seems like a strange decision for the Mint to have made more $25s than $10s, when the $10s have always had higher sales volume. Similarly, at $320, it would cost a bulk buyer substantially more to purchase quantities as a speculative flip -- not saying it couldn't be done, but just surprising that it would happen as quickly as it would need to. I think that's why people like 7over8 and Eric have expressed the opinion that the reported $25 sales numbers could prove incorrect. Anyway, I'm not as quick to discount the reported sales numbers. They're the only hard information we have at the moment, though we do know those types of figures have proved inaccurate in the past.
Wow. An about face from you. Eric mentions the 1/4 sales are pure garbage and you jump on the train.
Never mind my 3 pages of rant of how your reliance on the USM sales numbers is misguided......
Well, i'm also in the same camp as Eric, in fact we talk about PLATs very often......
the usm is far beyond their typical 10-20% over on the 1/4's.......try 1000-1500 coins that never existed........and have not been delivered.
<< <i>NYC
Wow. An about face from you. Eric mentions the 1/4 sales are pure garbage and you jump on the train.
Never mind my 3 pages of rant of how your reliance on the USM sales numbers is misguided......
Well, i'm also in the same camp as Eric, in fact we talk about PLATs very often...... >>
Sounds like you guys need to kiss and make up!
<< <i>groht5
the usm is far beyond their typical 10-20% over on the 1/4's.......try 1000-1500 coins that never existed........and have not been delivered. >>
I hear ya...the big mystery is how many sets there are...I am predicting 2000 and the 2006 W's will remain the Kings.
What do you think 7 over 8?
In weighing the probability that the Mint's figures could prove wrong, Eric's opinion is added to the things I would consider. Eric is generally careful to distinguish between rumor, opinion and fact.
If you look back, you'll see that I agree that logically, it doesn't make sense for the Mint to make more $25s than $10s. I also was surprised by the reported sales numbers of $25s on Oct. 26.
I've always been open to the possibility that the reported $25 sales figures may prove wrong, and nothing would make me happier than to wake up to a number revised downwards by 1,000 coins.
But I'm not about to advise anyone to accept those hopes or expectations as fact. I'll present the data we have, honestly, and provide my thoughts and opinions for anyone who cares to consider them, and let people make their own decision.
The numbers may be revised downwards, they might not. If a revision does come, it probably won't be for several weeks. Anyone who went deep with money he doesn't have hoping for a quick flip should make decisions based on best available information. Right now, the best available information remains the sales figures. And right now, the reported $25 sales figures are too high to make a compelling flip. The secondary sales on ebay aren't strong even for the $10s, which we know are sold out, and even weaker for the $25s - which I believe are sold out despite the backorder message. I'm willing to accept the possibility they are sold out at the reported sales figure, The number certainly could be revised, but there's no reason to expect that will happen in the next week or two.
Again, as a collector, I agree they're good coins. The $25 has over $200 worth of platinum at current spot, a mintage we can be confident will be smaller than the Jackie Robinson $5 unc. gold, at a price of $320. It's not a bad deal. As a flip, as of now anyway, it's no home run, and maybe not even a base hit.
I notice that the burnished 2007-W and 2008-W platinum $10's are fetching similar prices on the secondary market.
IMO it's very unlikely that the 2008-W will exceed the mintage of the 2007-W, and there's a decent chance that the 2008 mintage will be considerably lower. While there are no guarantees, I like the risk-reward ratio of the burnished 2008-W platinum $10 at current prices.
1500 backorders plus 802 is 2302 which is more than the mint is showing for "sales" for the 1/4. So it must be under 1500 backorders at this time it seems, and the 1/4 must have sold more than 802 or else the 1/2 would probably be in backorder.
The key is still the 4 coin set, 1500 sets and there is still a chance of low mintages.
Just my opinion.
It is odd though the mint would put out high sales numbers like this if they don't have the coins as it actually hurts the mint with more returns.
Anyway I could see a mintage of 1250 singles and 1500 sets, still over 2006, 1000 singles and 1500 sets I see as unlikely but would tie or slightly beat 2006. If the 2138 single numbers they have are accurate then it blows past 2006 and approaches 2007.
We will see with next weeks numbers.....
They have always done things that way. It is customary for them to over sell their product to ensure returns find a safe home. These are the sales figures for 2008 and 2006. Again, these are SALES FIGURES and not MINTAGE FIGURES:
2006W UNC Platinum SALES figures:
4,775
3,625
3,800
4,275
2008W UNC Platinum SALES figures:
3,691
3,329
1,993 (Option still available)
1,584 (Option still available)
In 2006, once the sales period ended (to include their 30 day return window) the numbers looked like this:
3,544
2,676
2,577
3,168
Don't be surprised if the 2008W numbers are re-adjusted once the 30 day window closes. AGAIN, THESE ARE JUST SALES FIGURES...
<< <i>It is odd though the mint would put out high sales numbers like this if they don't have the coins as it actually hurts the mint with more returns.
They have always done things that way. It is customary for them to over sell their product to ensure returns find a safe home. These are the sales figures for 2008 and 2006. Again, these are SALES FIGURES and not MINTAGE FIGURES:
2006W UNC Platinum SALES figures:
4,775
3,625
3,800
4,275
2008W UNC Platinum SALES figures:
3,691
3,329
1,993 (Option still available)
1,584 (Option still available)
In 2006, once the sales period ended (to include their 30 day return window) the numbers looked like this:
3,544
2,676
2,577
3,168
Don't be surprised if the 2008W numbers are re-adjusted once the 30 day window closes. AGAIN, THESE ARE JUST SALES FIGURES... >>
I'm pretty sure those first 2006 sales numbers you have were the old coinworld numbers from way after the sets sold that. The mint was claiming sales of these numbers for total sales right at the sellout.
2500
2600
2750
3700
which were actually very close to the final numbers except for the one ounce. So they didn't seem to have added in backorders in 2006 and understated the one ounce up until the coins sold out. Which is why it is odd they will now add in backorders if that is occuring.
1 ounce 8600
1/2 ounce 7800
1/4 ounce 15,600
1/10 ounce 6000
Maybe the 1/4 W UNC are correct after all when you look at these figures. The 1/4 outsold all others here and it looks like they must have had a low number of 1/10 blanks.
From the auction description:
These "fractional" version of the bullion coin are becoming increasingly scarce.
not really
This year, due to the great fluctuations in platinum prices, the US Mint has revealed that they WILL NOT BE STRIKING MORE of these denominations.
as far as I know, the Mint hasn't revealed that, though there's a rumor
At this time, the 1/10 and 1/4 ounce version are sold out.
true, except for the 4 coin sets
It is estimated that these will be BY FAR the LOWEST mintage YET in the series.
not true
It is not clear what the mintage will be, but it is estimated that there may be less than 2000 minted.
under 2000? very unlikely
I'm not a big fan of this kind of pitch.
Here's another one from a BIN auction that ended: link
Sold Out at the USMint, and destined to be the Lowest Mintage of any Modern Numismatic Coin EVER!!!
not true
<< <i>ebay auction for $25: link
From the auction description:
These "fractional" version of the bullion coin are becoming increasingly scarce.
This year, due to the great fluctuations in platinum prices, the US Mint has revealed that they WILL NOT BE STRIKING MORE of these denominations.
At this time, the 1/10 and 1/4 ounce version are sold out.
It is estimated that these will be BY FAR the LOWEST mintage YET in the series.
It is not clear what the mintage will be, but it is estimated that there may be less than 2000 minted.
Though most of this could prove to be true, I'm not a big fan of this kind of pitch...
Here's another one: link
You are Bidding on a 2008-W Platinum American Eagle Uncirculated 1/4th Oz $25 Coin
Sold Out at the USMint, and destined to be the Lowest Mintage of any Modern Numismatic Coin EVER!!! not true Get yours before they
$389 with a BIN? Hmmmmmmmmmmm. Too cheap!
sorry, it might have seemed that way because I've been editing my post. There's 2 auctions. The first is open, 4 available at $429. The second is BIN auction which sold at $389.
probably. but if someone's got a credit card bill and is concerned these aren't going up, $389 clears a small profit after transaction costs, better than returning.
I remember when I wanted to order a Jefferson First Spouse coin they were marked as no longer available. Then one day they were for sale again and I got one.
<< <i>What is the mint going to do with all of the returned coins? Melt them, or put them back on sale?
I remember when I wanted to order a Jefferson First Spouse coin they were marked as no longer available. Then one day they were for sale again and I got one. >>
I am sure they were marked no longer available BUT I am also sure they were not put on the no longer available list. Once it makes that list it stays there.
<< <i>What is the mint going to do with all of the returned coins? Melt them, or put them back on sale?
I remember when I wanted to order a Jefferson First Spouse coin they were marked as no longer available. Then one day they were for sale again and I got one. >>
They fill back orders with the returns.
<< <i>
<< <i>What is the mint going to do with all of the returned coins? Melt them, or put them back on sale?
I remember when I wanted to order a Jefferson First Spouse coin they were marked as no longer available. Then one day they were for sale again and I got one. >>
They fill back orders with the returns. >>
Like a cud chewing cow.
``https://ebay.us/m/KxolR5
yup. it's on the permanent list.
mint website
"No Longer Available"
the USM can look into the abnormalities of their ordering system and explain how they took 1500+ pieces in orders while in backorder status.
I'm a gambling man, and IMO, based on $10 unc-w mintage and the "behaved" (to borrow a phrase) action of the $50 unc-w's - I would guess-timate that there are no more than 1000-1200 $25 coins available.
Throw away the sales reports, soon the 1500+ backorders will be cancelled. None of them have been delivered, no one with sizeable orders placed after 6pm on 10/21 has rec'd any coins.........if you happen to be on top of that list, you may get some recycled returns, but thats it.
very simply put - send them to the customers who placed orders for 1500 coins when they didnt exist!!! Thats what they will do....
<< <i>what will the USM do with returned $25 unc-w coins?
very simply put - send them to the customers who placed orders for 1500 coins when they didnt exist!!! Thats what they will do.... >>
I'm sure the ones that returned for a scratch or other error will be melted.
And by the way Ive changed my mind about buying a "Proof set", If I get the money I will go for another "Unc-W set" (@ $2225), and three years from now I'll be able to trade it for a set of the '06 uncs. Or sell my extra '08 set and buy an '07 set and an '06 set. I think the whole 12 coin, three year, set would be awesome, they really are a nice design.
those will be sent "right back out"
<< <i>Now that $25 unc-w plats have the sign posted
"No Longer Available"
the USM can look into the abnormalities of their ordering system and explain how they took 1500+ pieces in orders while in backorder status.
I'm a gambling man, and IMO, based on $10 unc-w mintage and the "behaved" (to borrow a phrase) action of the $50 unc-w's - I would guess-timate that there are no more than 1000-1200 $25 coins available.
Throw away the sales reports, soon the 1500+ backorders will be cancelled. None of them have been delivered, no one with sizeable orders placed after 6pm on 10/21 has rec'd any coins.........if you happen to be on top of that list, you may get some recycled returns, but thats it. >>
I have a small order on 10/21 1:40P.M. PST and it have not been filled. An order on 1:33 P.M. was filled on the 29th but they are not returns, these were perfect.
San Diego, CA
orders before that should have been filled
orders after that could be filled, but probably limited to returns
all my opinion - of course.....but supported by no real receipts of coins after backorder occurred
<< <i>10/21 between 5-6pm was the backorder point for $25 unc's
orders before that should have been filled
orders after that could be filled, but probably limited to returns
all my opinion - of course.....but supported by no real receipts of coins after backorder occurred >>
No, these were both ordered after the b/o. One filled and one not.
San Diego, CA