2010 Plat. proofs have sold out.

OPA

Expensive bullion coin. Took only 7 days to sell the max 10,000. I think, unless you end up with a PCGS 70 F/S, you're not going to break even for a while....to many coins & not enough Plat collectors.

7over8

well, actually, most of these probably went to the precious metal IRA's since they are the only precious metal proof coin eligible to be included and produced thus far this year.

so, in retrospect, the minority of the sales probably went to collectors (especially one's waiting till the last minute to purchase and get it for a cheaper price)

i predict about a $2500 price tag in 70, anything else at least a 2000-2100 price tag.

CoinCrazyPA

<< <i>well, actually, most of these probably went to the precious metal IRA's since they are the only precious metal proof coin eligible to be included and produced thus far this year.

so, in retrospect, the minority of the sales probably went to collectors (especially one's waiting till the last minute to purchase and get it for a cheaper price)

i predict about a $2500 price tag in 70, anything else at least a 2000-2100 price tag. >>

MrOrganic

when is pcgs FS cut off date?

OPA

<< <i>when is pcgs FS cut off date? >>



Usually 30 days after the first know delivery is in hand by a buyer. These may all end up qualifying for FS, if they are submitted prior to the middle of September to PCGS

DeepCoin

The Mint sold out all they brought to ANA. And the dealers flipped them immediately.. not a bad deal...

pf70collector

Sept 10 is what I saw in a previous post for FS.

derryb

<< <i>well, actually, most of these probably went to the precious metal IRA's since they are the only precious metal proof coin eligible to be included and produced thus far this year.

so, in retrospect, the minority of the sales probably went to collectors (especially one's waiting till the last minute to purchase and get it for a cheaper price)

i predict about a $2500 price tag in 70, anything else at least a 2000-2100 price tag. >>



Precious metals IRAs are not limited to proof coins. Bullion non-proof eagles can also be held in an IRA.

IRS rules on IRA contributions

US Code 408

US Code 31, Section 5112

OPA

So far they don't appear to be a winner ... sales recorded of the non slabbed coin varied from a low of $1924 to a high of $2099. Not much of a profit margin after fees. Graded NGC & PCGS are just now hitting the block, but it's to early to get a read. This PCGS just listed at $.99 should give us a early idea. ( I can't believe seller did not pay extra for the "First Strike" label & he's a Forum member :)

ebay 70 PCGS

7over8

derryb

there must be something buried in the code somewhere, because the premiums are only HUGE on PROOF American Eagle - Platinum / Gold / Silver

the premiums are not and have not sky-rocketed on non proof bullion coins

derryb

<< <i>derryb

there must be something buried in the code somewhere, because the premiums are only HUGE on PROOF American Eagle - Platinum / Gold / Silver

the premiums are not and have not sky-rocketed on non proof bullion coins >>


Proof eagle prices have been driven up by speculators who are under the impression that only proof coins can go in bullion IRA, and who also believe proof coins would be exempt from any future confiscation.

Justacommeman

<( I can't believe seller did not pay extra for the "First Strike" label & he's a Forum member >

I believe he prolly did. MJ

OPA

<< <i><( I can't believe seller did not pay extra for the "First Strike" label & he's a Forum member >

I believe he prolly did. MJ >>



You're correct ... I should have read his write-up ... coins being graded with a FS label.

Steve27

They're NOT sold out (you probably mistook the 2009 info for the 2010):

1. 2009--To Form a More Perfect Union, SOLD OUT
2. 2010--To Establish Justice, On Sale Now!
3. 2011--To Insure Domestic Tranquility,
4. 2012--To Provide for the Common Defence,
5. 2013--To Promote General Welfare, and
6. 2014--To Secure the Blessings of Liberty to Ourselves and our Posterity.

OPA

<< <i>They're NOT sold out (you probably mistook the 2009 info for the 2010):

1. 2009--To Form a More Perfect Union, SOLD OUT
2. 2010--To Establish Justice, On Sale Now!
3. 2011--To Insure Domestic Tranquility,
4. 2012--To Provide for the Common Defence,
5. 2013--To Promote General Welfare, and
6. 2014--To Secure the Blessings of Liberty to Ourselves and our Posterity. >>



Consider them sold out>>>

"Waiting List Notice: The number of orders we have taken meets the maximum limit for the 2010 American Eagle One Ounce Platinum Proof Coin."

Steve27

That just happened today:

In 2009, the United States Mint introduced a new six-year platinum coin program. This new series explores the core concepts of American democracy by highlighting the Preamble to the United States Constitution. This program will examine the six (6) principles of the Preamble as follows:

1. 2009--To Form a More Perfect Union, SOLD OUT
2. 2010--To Establish Justice, SOLD OUT
3. 2011--To Insure Domestic Tranquility,
4. 2012--To Provide for the Common Defence,
5. 2013--To Promote General Welfare, and
6. 2014--To Secure the Blessings of Liberty to Ourselves and our Posterity.

7over8

derryb

there may be some speculators, but the majority of the quantity is going to major market makers, those that supply many of the precious metal ira's....

the price action you are seeing is not speculation. it has a purpose. possibly because you can ask a much higher premium on a proof silver/gold/platinum coin than for a regular bullion issue.

CoinCrazyPA

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