I wish the obverse is similar to that of the 1986 $5 gold. Miss Liberty of this series is so ugly looking and I am glad that I never own a platinum coin.
I agree with other posters-the only way this coin has any value is if no one buys it. It's ugly and not worth almost 50% price over spot- the mint is getting ridiculous with these premiums. Maybe the mint director is an Obama holdover trying to make everyone happy with no household limits or mintage numbers so high its equivalent to such anyway. The silver eagle was the only winner this year that is more than half over with little promise going forward.
I used to love the Platinum Eagles. I used to buy them just as soon as they were available. Oh wait, I still do love the APE's. I just don't care for recycled bullion obverses on overpriced Proof Coins.
The 10,000 mintage doesn't help. At a mintage of 1886 this might have drawn my interest.
This 2017 proof platinum sold 5,230 the first week (or two). Definitely not a key and also an old recycled design. I believe the 2015 remains the key for $100 proof versions. All of the burnished $100's from 2006 to 2008 W were also lower mintage.
Some of these proofs in OGH are actually selling for $1199 or $100 below the Mint issue price already at some dealers now. Obviously looked at and they must have a lot of 69's or lower grade expectations. Demand has collapsed for these. The mint needs to seriously consider new designs.
@Goldminers said:
Some of these proofs in OGH are actually selling for $1199 or $100 below the Mint issue price already at some dealers now. Obviously looked at and they must have a lot of 69's or lower grade expectations. Demand has collapsed for these. The mint needs to seriously consider new designs.
The APE proof is one of the few coins the Mint produces that actually changes design every year. This year's design was the original design used for the 20th anniversary, and from my cynical pov, obviously chosen as not to interfere with the Mint's premier product for the 225th. Imagine the comparisons if say, the 2015 APE design was chosen to compete with the AmLib HR coin this year...
The mint doesn't need to consider new designs, the mint needs to consider a lower mintage. There just aren't 10K collectors of this coin.
Oh, and since I'm posting on this thread anyway, here's the latest numbers from the mint...
American Eagle 20th Anniversary Platinum Proof Coin (17EJ)
Date
Number sold
Net Increase
Comment
7/6/2017
5230
First day sales
7/9/2017
5960
5,960
Price: $1300
7/13/2017
7695
Unoffical number pub'd in Coin World
7/16/2017
8044
2,084
Price: $1300
7/23/2017
8775
731
If next week's decline is just as bad (i.e. sale of about 250), the issue could take months to sell out. It probably will though...
I just looked at the US Mint website maybe 30 minutes ago. There were 8 APES left ............... supposedly. How could this overpriced recycled design possibly be so close to a 10,000 Coin sell-out? I can believe a 9,000 Coin "sell-out".
I just checked (wow I have to be bored to keep wasting my time like this) and there's 9 of these Platinum Turkey's on the Mint website. Will they EVER just be gone?
Gone again. Of course tomorrow AM they'll be available again . I suppose they're making their legendary 7:30 AM restock and they're just lasting all day because no one really wants the Turkeys? Anything else is snatched up very fast. Not so these overpriced recycled design APT's.
@FullStrike said:
I just checked (wow I have to be bored to keep wasting my time like this) and there's 9 of these Platinum Turkey's on the Mint website. Will they EVER just be gone?
They're going to put up 10 every morning to play with your head....
Fantastic News Coin Fans ! You'll never believe your good luck but there are now 88 - 2017 APT'S available at the bargain price of only $1,350.00 each.
Oh no only 26 APE's swinging in the trees at the US Mint. That's 62 gone in around 20 hours. At the same pace, the APE's will be gone before the days done. But fear not, there's a good chance some of these monkeys will make their way back yet again.
We are in the age of the EU where its here one hour ..... gone the next. ........ its back......... its gone again. ........ back again...... gone......... back......... gone ........ etc, etc, into infinity.
I have made a conscious effort to avoid the platinum coins. They can be huge money traps given the high value of the metal and the mint issue prices.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@BillJones said:
I have made a conscious effort to avoid the platinum coins. They can be huge money traps given the high value of the metal and the mint issue prices.
Heck, they can be huge money traps just due to market forces. See the price of silver these days?
I admit I bought '15 and '16 for the designs, and they're the only two pieces of platinum I own.
The one that worries me at the moment is Palladium. It's at something like a 15 year high, most likely unsustainable. (20 months ago, palladium spot was half of what it is today.) With the bullion coin coming out next month, it's giving me pause to get one, since it'll cost about the same or more than a (bullion) platinum eagle. Probably more, since they'll be sold through the secondary market like all bullion coins.
Comments
I wish the obverse is similar to that of the 1986 $5 gold. Miss Liberty of this series is so ugly looking and I am glad that I never own a platinum coin.
I agree with other posters-the only way this coin has any value is if no one buys it. It's ugly and not worth almost 50% price over spot- the mint is getting ridiculous with these premiums. Maybe the mint director is an Obama holdover trying to make everyone happy with no household limits or mintage numbers so high its equivalent to such anyway. The silver eagle was the only winner this year that is more than half over with little promise going forward.
Only have the 2013 proof because I like the design. Sold off all my platinum.
Box of 20
Louis Golino of coinworld is reporting a first day sales of 5,230.
These may not even sell out...
... and limits lifted. ugh
Wait... they had limits on these??? LOL
Who wants to corner the market and buy them all with me? Lol
This could take a while before sell-out...
This issue makes the Gold Kennedy look like a good buy.
From Coin World............http://www.coinworld.com/news/us-coins/2017/07/limited-edition-platinum-proof-american-eagle-selling.html#
I'll be interested to see how many returns come back in the next few weeks.
I knew it would happen.
The quality of their product is certainly good, though. I got this one today.
Here's a warning parable for coin collectors...
Clamor = sold out by now
Do they watch the market and past sales?
Could they make an uglier eagle?
And Lib looks a bit dim-witted also....
Well, just Love coins, period.
lol, I read that and thought of a quote by a famous person:
"I do not think it means what you think it means."
Okay, so it was a fictional person.
Yeah, anyone who pays attention knew that this issue didn't have a big future...
Are they selling the regular MS platinum bullion this year? If so, these might not sell out.
I am myself, stopped collecting platinum.
Box of 20
They are
Well, just Love coins, period.
I used to love the Platinum Eagles. I used to buy them just as soon as they were available. Oh wait, I still do love the APE's. I just don't care for recycled bullion obverses on overpriced Proof Coins.
The 10,000 mintage doesn't help. At a mintage of 1886 this might have drawn my interest.
this ship is sinking.
what a great time to sand bag.
It probably should have been, but some flippers and big graders keep trying. I doubt even half of these sales are from actual collectors.
2008 mintage 4,769
2014 mintage 4,596
2015 mintage 3,886
2016 mintage 9,151
This 2017 proof platinum sold 5,230 the first week (or two). Definitely not a key and also an old recycled design. I believe the 2015 remains the key for $100 proof versions. All of the burnished $100's from 2006 to 2008 W were also lower mintage.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Hmmmm... Stronger sales than I expected. This could actually sell out, though I question if there are even 8044 collectors of this series...
I've seen worse ...
Blasphemy! haha
Some of these proofs in OGH are actually selling for $1199 or $100 below the Mint issue price already at some dealers now. Obviously looked at and they must have a lot of 69's or lower grade expectations. Demand has collapsed for these. The mint needs to seriously consider new designs.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
The APE proof is one of the few coins the Mint produces that actually changes design every year. This year's design was the original design used for the 20th anniversary, and from my cynical pov, obviously chosen as not to interfere with the Mint's premier product for the 225th. Imagine the comparisons if say, the 2015 APE design was chosen to compete with the AmLib HR coin this year...
The mint doesn't need to consider new designs, the mint needs to consider a lower mintage. There just aren't 10K collectors of this coin.
Oh, and since I'm posting on this thread anyway, here's the latest numbers from the mint...
If next week's decline is just as bad (i.e. sale of about 250), the issue could take months to sell out. It probably will though...
I just looked at the US Mint website maybe 30 minutes ago. There were 8 APES left ............... supposedly. How could this overpriced recycled design possibly be so close to a 10,000 Coin sell-out? I can believe a 9,000 Coin "sell-out".
Egads. I just looked again, now there are 6 left.
Going, going..........
G o n e
Good. Old, tired eagle.
Is it me or our lady was biting her tongue and the eagle was in pain as it turned into kabob?
Are they really? As of Sunday, they're 774 coins short of mintage. (Unless you think they sold over 700 coins in a day...)
For an extra $500, I'd rather buy 2 oz. of generic Pt.
One never knows what the US Mint is doing. Makes me think of Hustlers running a Shell Game out on some street.
Damn, I was thinking we could bid good riddance to this ugly mug.
Well, just Love coins, period.
Not sure what web site you're perusing, but the US Mint still has them available...Matter of fact, more than 100 are still available...
American Eagle 20th Anniversary Platinum Proof Coin
https://catalog.usmint.gov/american-eagle-20th-anniversary-platinum-proof-coin-17EJ.html
WEST POINT (W)
American Eagle Coin Program
$1,300.00
This product is currently unavailable. Learn More
Remind Me
Need to refresh my browser...It still had them available...
I just checked (wow I have to be bored to keep wasting my time like this) and there's 9 of these Platinum Turkey's on the Mint website. Will they EVER just be gone?
Gone again. Of course tomorrow AM they'll be available again . I suppose they're making their legendary 7:30 AM restock and they're just lasting all day because no one really wants the Turkeys? Anything else is snatched up very fast. Not so these overpriced recycled design APT's.
Makes me think of Hustlers running a Shell Game out on some street.
That's a great analogy and it fits. I've never thought of the Mint like that before. Excellent!!!
I knew it would happen.
They're going to put up 10 every morning to play with your head....
These are already being sold "raw" for $200 under issue price online.
Fantastic News Coin Fans ! You'll never believe your good luck but there are now 88 - 2017 APT'S available at the bargain price of only $1,350.00 each.
The Mint does love it's customers.
Oh no only 26 APE's swinging in the trees at the US Mint. That's 62 gone in around 20 hours. At the same pace, the APE's will be gone before the days done. But fear not, there's a good chance some of these monkeys will make their way back yet again.
We are in the age of the EU where its here one hour ..... gone the next. ........ its back......... its gone again. ........ back again...... gone......... back......... gone ........ etc, etc, into infinity.
Well, I gotta admit, there's something really odd going on here....
I have made a conscious effort to avoid the platinum coins. They can be huge money traps given the high value of the metal and the mint issue prices.
Heck, they can be huge money traps just due to market forces. See the price of silver these days?
I admit I bought '15 and '16 for the designs, and they're the only two pieces of platinum I own.
The one that worries me at the moment is Palladium. It's at something like a 15 year high, most likely unsustainable. (20 months ago, palladium spot was half of what it is today.) With the bullion coin coming out next month, it's giving me pause to get one, since it'll cost about the same or more than a (bullion) platinum eagle. Probably more, since they'll be sold through the secondary market like all bullion coins.
My prediction is that the Palladium coin will be an unloved orphan.
Here's a warning parable for coin collectors...