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Anybody else love Platinum?
ModernEagles
Posts: 46
My main focus in the last few years has been fractional Platinum Eagles. After reading Eric Jordan's Book I'm a believer that fractional platinum eagles (proof and burnished) are way to go. Now that the mint has stopped making fractional platinum eagles it makes my decision even easier.
My favorite is the quarter ounce platinum. I also love the burnished coins. I've got a few sets competing on the registry and few not graded yet.
Time for some Platinum coin porn. Here are some of my 1/4 oz Platinum eagles I just uploaded to Youtube….
Link to my Youtube Video
-Manny
My favorite is the quarter ounce platinum. I also love the burnished coins. I've got a few sets competing on the registry and few not graded yet.
Time for some Platinum coin porn. Here are some of my 1/4 oz Platinum eagles I just uploaded to Youtube….
Link to my Youtube Video
-Manny
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Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum
I knew it would happen.
Edited to note that I just watched the video - love it!!
They look so fantastic as a set when viewed together as you set it up. What a treat. Thanks for sharing.
<< <i>I LOVE the plats!!
Edited to note that I just watched the video - love it!!
They look so fantastic as a set when viewed together as you set it up. What a treat. Thanks for sharing. >>
Glad you liked it. Only prob is pics were with my camera phone. I'm going to make a detailed video of my 70 Reg set of 1/4 Platinums and see if I can get a video up in HD.
<< <i>I think the collector base will always be very small for a couple of reasons. First would the cost of them, and second the fact that the base metal was never used for a circulation coin.
I agree the cost is high and this is why I think the 110 and 14 oz plat proof eagles will appreciate faster.
In regards to the metal not being used for circulation:
Eric has a great argument for this in his book. To summarize he states that people that grew up collecting the reverse changing state quarters will want to collect in the same way when they grow up. Hence the reverse changing platinum series is the high end expression of that. Who am I to argue with millions of people that have already been programmed.
Also in my opinion the risk is low. I put together a short set of MS6667 (66.284) walking liberty's. with a melt of let's say $10 each. I would argue this set will probably barely keep up with inflation. That set cost me more than putting together a 14 Platinum proof set in PCGS PR70. The melt of that set is roughly right under 5K. Now I know this is subjective depending on the grades and coins etc... but my point is that risk IMHO is much lower. Worst case scenario you fall to the melt value.
This way I get to participate in a few ways:
1: Worst case scenario sell for bullion (lord help us)
2: When collector demand does figure itself out here I can appreciate for collector value and rest assured that I always have the bullion value to fall back on.
3: Also when the economy picks up Platinum will reign again as the king over gold. I get to buy Platinum now at a discount to gold.
<< <i>I'm pretty much into Plats!
Im with Jerry on this one
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
I have collected the Proof PAE's from the get-go. I collected the fracs too for awhile but that got to be too much and now I just get the 1oz.
<< <i>I love 1/4 oz Plats too. Also have got full PR70 $25 Liberty Set with the exception of 2004-W PR69 - one day I'm sure will get 2004 W PR70
Well this might be your lucky weekend... There's one in a heritage live auction this weekend.
Link to HA auction
Worry is the interest you pay on a debt you may not owe.
<< <i>I do!
Beautiful, the burnished are my favorites.
I knew it would happen.
Great, now I want some more 1ozers
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
NOBODY wants any. (Except the bitty witty ones for the design)
Gold and silver.....sure.... but just TRY to find customers for plat in any quantity.
Platinum is very illiquid.
<< <i>Platinum is pretty and rare and useful and absolutely unsaleable in a coin shop.
NOBODY wants any. (Except the bitty witty ones for the design)
Gold and silver.....sure.... but just TRY to find customers for plat in any quantity.
Platinum is very illiquid. >>
I agree I rarely find any platinum at coin shops.
To me that sounds like a recipe for many future years of highly appreciating Platinum Eagles.
Jim
<< <i>Nope! Not into Bullion.........Classics only for me!
HA HA! You chime in/participate on the thread with a rain on the parade comment then suggest, after you have made a non-supportive comment, that the thread be moved!!
Just can't resist poking at road kill, huh?
They even make Plats in a size that Dimeman would like, so he has no reason not to like them.
Some more designs (for the people who actually enjoy them):
I knew it would happen.
She be tough and thick!
Miles
<< <i>Actually this belongs on the metal forum. >>
No it doesn't. NCLT in coinage form is still coin. Created and released by the US Mint, they are perfectly fine right here in this forum
That said, I don't have any. I "kind" of want one, as a type sort of thing, but I don't feel the allure since the price is up there and none of our history has had circulating coinage made from platinum.
They may be there for the investor, or even a collector of things stamped in coin denom/form, but they don't hold real history of our country, so I am ok not having them.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I knew it would happen.
<< <i>Time for an update!
Amazing design, can you imagine these in a fractional set. Wow.
<< <i>I do too
Very nice! This is def a registry set that in the next 20 years will skyrocket imho.
<< <i>WOW Manny! That's a LOT of platinum, I hope you cherish it every day, rub it (well , not literally!) and hold it close. If this metal makes you happier than Gold and Silver, by all means!! >>
Yes, it does. Platinum is a main focus in my collection. I also am working on walking liberty halves, I have a decent short set on the registry still working on moving that set up currently 6th. I have plenty of gold and silver too.
Platinum doesn't get any love at any of the coin shows. you may find 1-2 dealers that might have some but none that really specialize in Platinum. I ask them if they ever get any proofs or W's and they tell me they just wholesale it. I've even had a dealer at a show have someone trying to sell platinum point them towards me. I was able to get a 2005 and 2003 1/10th Proof in OGP for $20 over melt.
I show some of the platinum eagles to my co-workers and family and most don't even know that the US Mint even makes these coins. Heck a few weeks back I got a 2007 $25 Platinum Proof NGC PF70 for $355.00, $5.00 over on Ebay.
They are tough, tough, tough to find, though. The price of platinum has fallen so far in recent years that I'm sure most of the original buyers are sitting on them, even if they were inclined to sell. I, too, have found dealers' tables bereft of but a few stragglers here and there, for years.
I've been looking for a 2008 $100 PCGS MS70 since 2008, with no luck at all!
Here's a warning parable for coin collectors...
<< <i>The reverses of the plat proof series are the best artwork the Mint has generated since the early 1900 heyday. hands down. I love this series. Thanks to those putting up the pics!
They are tough, tough, tough to find, though. The price of platinum has fallen so far in recent years that I'm sure most of the original buyers are sitting on them, even of they were inclined to sell. I, too, have found dealers' tables bereft of but a few stragglers here and there, for years.
I've been looking for a 2008 $100 PCGS MS70 since 2008, with no luck at all! >>
I hear you the bullion issues are tough in MS70.
Maybe a few of us platinum collectors can take down this set, of course for the right price, Wow. It does have the coin you are looking for and a few others.
WOW Platinum
<< <i>Here's a platinum piece for your enjoyment.
Thanks for sharing, wow what a cool pattern coin. Here is more info for those of you that want to read about this coin.
Link
Expensive collection to collect that is for sure.....
I would like to get the 97 to 2000 1/10 proofs to fill out my set however.....
Finding these coins is very difficult however as has been mentioned.....