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2009-W Platinum "A More Perfect Union."

renman95renman95 Posts: 7,037 ✭✭✭✭✭
in Precious Metals
What happened to these? Scraped?

R95

Comments

  • jmski52jmski52 Posts: 22,904 ✭✭✭✭✭
    You mean, the coin from which I have symbolically been expunged? I dunno, maybe it's still coming. Maybe not. Who knows?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • CalicoJackCalicoJack Posts: 129 ✭


    << <i>What happened to these? Scraped? >>



    Hardly. It sold out in 7 days.

    ...kinda funny considering all the howling about the reverse design on here a few weeks ago.
  • ProofCollectionProofCollection Posts: 6,263 ✭✭✭✭✭
    Got mine yesterday.
  • clouisejewelersclouisejewelers Posts: 329 ✭✭
    Got 5, already sold all 5. My opinion is these are worth a little more than issue price due to the quick sellout but may drop below issue price soon.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    12/31 now.
  • 7over87over8 Posts: 4,733 ✭✭✭
    Precious Metal IRA bound.......

    Haven't you guys seen the demand on Proof AE gold lately? $2,000 per oz wholesale buy side.

    These plats are going into those type of accounts........the demand is huge.
  • puritan9puritan9 Posts: 1,028
    I believe the Mint is getting ready to send them all. I have one that was on the waitlist that is in stock and reserved. These are being sent out quickly.
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭


    << <i>Haven't you guys seen the demand on Proof AE gold lately? $2,000 per oz wholesale buy side.

    These plats are going into those type of accounts........the demand is huge.


    Precious Metal IRA bound....... >>





    Tell me more. Where can I sell my Gold Proof Eagles to best advantage? Often wondered why I was buying this stuff - I like Platinum so much more. If I can unload my Gold, so much the better.
  • MilesWaitsMilesWaits Posts: 5,372 ✭✭✭✭✭
    Mine are on the way as of today. Wonderin' about leaving em' sealed to sell........I've seen enough.

    Miles
    Now riding the swell in PM's and surf.
  • puritan9puritan9 Posts: 1,028
    I know it is tempting to sell them sealed, but I wouldn't touch that with a ten foot pole. If someone comes after you, you don't have a leg to stand on.
  • MilesWaitsMilesWaits Posts: 5,372 ✭✭✭✭✭


    << <i>I know it is tempting to sell them sealed, but I wouldn't touch that with a ten foot pole. If someone comes after you, you don't have a leg to stand on. >>



    Getting burnt on ebay isn't the only game in town; there are better options than dealing with a stranger, danger!

    Miles
    Now riding the swell in PM's and surf.
  • puritan9puritan9 Posts: 1,028
    Miles,
    I agree.
  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭


    << <i>Precious Metal IRA bound.......

    Haven't you guys seen the demand on Proof AE gold lately? $2,000 per oz wholesale buy side.

    These plats are going into those type of accounts........the demand is huge. >>




    Let me get this straight. People are buying gold because they're afraid of losing money in stocks, but are content to start out 45% in the hole by paying $2000 for something worth $1100?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • LongshotLongshot Posts: 353
    Stop making sense cohodk.
  • clouisejewelersclouisejewelers Posts: 329 ✭✭


    << <i>

    << <i>Precious Metal IRA bound.......

    Haven't you guys seen the demand on Proof AE gold lately? $2,000 per oz wholesale buy side.

    These plats are going into those type of accounts........the demand is huge. >>




    Let me get this straight. People are buying gold because they're afraid of losing money in stocks, but are content to start out 45% in the hole by paying $2000 for something worth $1100? >>



    How are they worth $1100 when there are so easy to sell at $2000?
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    A oz. of gold is a oz. of gold weather proof or mint state. I believe that's his point.
    Avid collector of GSA's.
  • pf70collectorpf70collector Posts: 6,671 ✭✭✭
    I am still on the waiting list. I got on it the day before they stopped taking orders for the wait list. I was just curious to see if I will get it . I will probably cancel if it becomes in stock and reserved.
    Montana State Quarter Die Clash

    Box of 20
  • CaptHenwayCaptHenway Posts: 32,249 ✭✭✭✭✭
    What ate the platinum proofs bring on the Bay???
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭


    << <i>A oz. of gold is a oz. of gold weather proof or mint state. I believe that's his point. >>



    Exactly. Who is to say proof gold will always command a premium or that that premium will not contract? Ie, Spot gold goes to 1800, yet the proofs are worth 2200. So a 64% rise in the metal translates into only a 10% rise in your holdings. Or lets say that the premium moves up in lock step with spot--the proofs are worth $900 more all the time, then a 64% increase in spot price results in only a 45% return on your holdings.

    Maybe i'm just not good at math, but this doesnt make sense to me.



    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,904 ✭✭✭✭✭
    What ate the platinum proofs bring on the Bay???

    If the platinum proofs were a stock, they would be extremely high betas. It does look like they gapped up between $200-$300 at one point, and I would say that $1,800 is a typical sell price for a common date Proof Plat at this time.

    There were a couple of '09 Proofs that sold for $1,895 each, but with only one bid each - so I'd call that data preliminary at best.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DimeAdozenDimeAdozen Posts: 91

    I have one Platinum American Eagles And Canadian Gold Maple Leaf.. I am not going to sell them
  • clouisejewelersclouisejewelers Posts: 329 ✭✭


    << <i>

    << <i>A oz. of gold is a oz. of gold weather proof or mint state. I believe that's his point. >>



    Exactly. Who is to say proof gold will always command a premium or that that premium will not contract? Ie, Spot gold goes to 1800, yet the proofs are worth 2200. So a 64% rise in the metal translates into only a 10% rise in your holdings. Or lets say that the premium moves up in lock step with spot--the proofs are worth $900 more all the time, then a 64% increase in spot price results in only a 45% return on your holdings.

    Maybe i'm just not good at math, but this doesnt make sense to me. >>



    Irrelevant. You don't think they are worth a premium but many others who are actively buying them do. I think certain stocks should be worthless yet some people are paying high prices for them. My opinion is mine alone and I can't force it on others. Proof gold eagles may be only worth spot at some point in the future but not now. The S&P might be 300 in the future too but not right now.

    My point is proof gold is worth a large premium over spot right now. What happens in the future is conjecture.
  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭
    What happens in the future is conjecture

    Otherwise read as speculation. My point is that people think they are avoiding risk in buying gold, when in fact they may be assuming more, especially by paying massive premiums.

    I dont expect YOU to agree, but others may have a more open mindset.


    image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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