Platinum premium is high now but varies over the years, although Pt itself seems rangebound. A couple years ago I picked up a pile of 1oz Plat Eagles on Ebay from reputable sellers in the 1040-1080 range, about a $100 premium per coin, no tax, free shipping. Waiting for $1500 spot and I think it will arrive sooner than later.
price goes down premium goes up? how do you raise a premium on something people despise and at the same time do not need?
good work if you can get it . valuable lesson people who can't admit they might have been wrong will pay any premium to maintain a fiction and just hope they can hold out until they die .The heirs liquidate grampy's collection and buy a large cheese pizza WITH EVERYTHING
It works with silver and gold too
premium as a percent is how you need to look at it , not premium in dollars
I know a guy who tries to unload his stash on me every few months. I politely turn him down because he thinks I'm a moron. I'm actually polite in person not like online
A few years ago silver about 22 or so he wants to sell bars to me . 10 oz bars he wants 250 each I offer 200 because why would i pay a premium for 10 oz bars(sealed in plastic) who wants bars sealed in plastic ?
I gotta get 25 an ounce to break even he says ! Get it elsewhere I says what would i do with all that? I can't buy it to flip if you want over spot
In december 2024 he calls me to offer 10 ounce bars , he has to get 35 an ounce "to break even" I say did you ever sell those other 65 ten ounce bars in plastic bars at 25 an ounce ? did you break even ?
long pause these are different bars
This guy has graded platinum 1 oz coins , the ones with the cool designs from like 20 years ago.
He could have sold at 2000
meanwhile here on earth , the back room in his house has a leaky roof , he has a 5 gallon bucket under the leak. If he sells metal he will probably go to home depot and buy a 5 gallon bucket for 29 bucks , he won't fix the hole
His name is Wes , he is about 75 ,don't be like Wes
@bronco2078 said:
price goes down premium goes up? how do you raise a premium on something people despise and at the same >time do not need?
Because the underlying metal price falls faster than the price of the coin/bar. The premium might even fall in nominal dollar terms, but as a % of the total price that falls lower.
Prices are often "sticky to the downside" much like wages are in an economy.
premium as a percent is how you need to look at it , not premium in dollars
Sure, but the total $$$ fall but the premium as a % rises or falls less. See below.
@bronco2078 said:
price goes down premium goes up? how do you raise a premium on something people despise and at the same >time do not need?
Because the underlying metal price falls faster than the price of the coin/bar. The premium might even fall in nominal dollar terms, but as a % of the total price that falls lower.
Prices are often "sticky to the downside" much like wages are in an economy.
premium as a percent is how you need to look at it , not premium in dollars
Sure, but the total $$$ fall but the premium as a % rises or falls less. See below.
buyers have to play along tho, with gold or silver i can see it but i don't get it in such an il-liquid market as platinum
seller wants price stickiness in all markets for sure but there are only 4 people in the united states buying platinum coins and they want a bargain
too complicated to untangle the coin premium from the slab ( ) premium
why anyone needs a slab on a saint puzzles me unless they are all in on the ms 65 koolaid
which reminds me of my friend with the silver 10 oz bars. I asked why he wanted bars sealed in packaging , he says so i know they are real
i said "you think china can fake a silver bar but not a plastic bag?"
I have always liked the metal just for the coolness of how rare it is and just how it looks slightly different than silver. I’ve always been intrigued by it, I think if you can get it close to spot at $1000 an ounce or less I just think it’s irresistible.
I was fortunate to pick this up for $500, it’s a 70 grade, beautiful design, and a mintage of just a pinch over 4000 coins…
I’m loving purchases like this, granted I am in a sweet spot for picking stuff up working at a B&M…
2025 1oz Platinum Maples currently listed on Walmart.com via Bullion Exchange for $1077.60. Spot is currently $1055. CC reward eligible. RGDS!
Tried to order and got this: We’re sorry, we had to cancel your delivery order because of an unexpected issue
BST references: jdimmick;Gerard;wondercoin;claychaser;agentjim007;CCC2010;guitarwes;TAMU15;Zubie;mariner67;segoja;Smittys;kaz;CARDSANDCOINS;FadeToBlack; jrt103;tizofthe;bronze6827;mkman;Scootersdad;AllCoinsRule;coindeuce;dmarks;piecesofme; and many more
2025 1oz Platinum Maples currently listed on Walmart.com via Bullion Exchange for $1077.60. Spot is currently $1055. CC reward eligible. RGDS!
Tried to order and got this: We’re sorry, we had to cancel your delivery order because of an unexpected issue
I ordered right before I posted and my order went through. (charged my card and sent me an order confirmation anyway). I will confirm when it ships. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@taxmad said:
Just got shipping - should be here on Friday
Yep same here scheduled delivery Friday. Still showing available at $1077 with spot now at $1077. No sales tax and free shipping to The Commonwealth. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Chinese jewelers and investors imported the most platinum in a year last month, as the precious metal’s relative stability enhanced its attractiveness over surging and volatile gold.
Imports of platinum into China — the world’s biggest consumer — totaled 11.5 tons in April, according to data released Tuesday. Global demand for the metal, which is also used in catalytic converters and laboratory equipment, is expected to outstrip supply for the rest of this decade, according to Bloomberg Intelligence analysts
I have noticed some financial bloggers pointing to the gold/platinum ratio or the silver/platinum ratio as a sign that platinum is a buy. Platinum is in a supply shortage that cannot be resolved for years, similar to the supply shortage in silver, and the case for both metals seems compelling.
The biggest impediments to investing in platinum are the buy/sell spread and the thin market that exists. However, these same factors can play into a price spike once buyers decide that platinum is ripe for a rise.
Q: Are You Printing Money? Bernanke: Not Literally
@Goldminers said:
Take a look at your gutter metal for the real gains this morning. LOL
Not even back to where it was 13 years ago. LOL but I must confess, my SLV was happy. THKS!
.
You sold your SLV weeks ago, according to what you wrote on this forum ?
It seems like you are always posting about being on the winning side of the trade.
Perhaps in the future you can post on this forum whenever you buy and/or sell, and then we can track the performance of your wagers. Other people can benefit by following your trades if you are really that good. But it doesn't count if the post is a day later after the trade.
@Goldminers said:
Take a look at your gutter metal for the real gains this morning. LOL
Not even back to where it was 13 years ago. LOL but I must confess, my SLV was happy. THKS!
.
You sold your SLV weeks ago, according to what you wrote on this forum ?
It seems like you are always posting about being on the winning side of the trade.
Perhaps in the future you can post on this forum whenever you buy and/or sell, and then we can track the performance of your wagers. Other people can benefit by following your trades if you are really that good. But it doesn't count if the post is a day later after the trade.
.
You always seem to be a day late and a dollar short. Keep trying to discredit me skippy. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@Goldminers said:
Take a look at your gutter metal for the real gains this morning. LOL
Not even back to where it was 13 years ago. LOL but I must confess, my SLV was happy. THKS!
.
You sold your SLV weeks ago, according to what you wrote on this forum ?
It seems like you are always posting about being on the winning side of the trade.
Perhaps in the future you can post on this forum whenever you buy and/or sell, and then we can track the performance of your wagers. Other people can benefit by following your trades if you are really that good. But it doesn't count if the post is a day later after the trade.
.
You always seem to be a day late and a dollar short. Keep trying to discredit me skippy. RGDS!
.
It isn't a "discredit" attempt.
It is a legitimate request to track and see how someone that trades SLV actually does.
You seem to like to promote the fact that you trade SLV.
So why not post whenever you buy and sell so that we can see how it goes ?
Using a derogatory term to describe silver is an attempt to discredit the metal and anyone who owns it. And then, he turns around to buy the paper. He's either totally conflicted or a paid troll.
Q: Are You Printing Money? Bernanke: Not Literally
How do the platinum fundamentals look? Supply is in a multiyear deficit. Is demand increasing as much as silver demand is increasing? On a relative basis compared to silver, I don't see platinum behaving as strongly as silver.
To address the OP's question, I think the answer depends more on the central bank global quest for more gold than any of the platinum fundamentals (which is primarily industrial). Besides the central banks, it appears that more institutional buyers are increasing their weighting from under 0.5% to (much) higher levels simply as a bond hedge.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Using a derogatory term to describe silver is an attempt to discredit the metal and anyone who owns it. And then, he turns around to buy the paper. He's either totally conflicted or a paid troll.
@jmski52 said:
Using a derogatory term to describe silver is an attempt to discredit the metal and anyone who owns it. And then, he turns around to buy the paper. He's either totally conflicted or a paid troll.
News flash, I own some physical gutter metal too. You sit here and cheerlead the gutter metal for years. Perhaps Jim is a paid pumper? THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
News flash, I own some physical gutter metal too. You sit here and cheerlead the gutter metal for years. Perhaps Jim is a paid pumper? THKS!
Referring to me as "Jim" when that's not my name is nothing more than a slur, and the mods should start paying attention. Referring to silver as "gutter" is exactly the same type of slur. If you want respect, you ought to take a close look at yourself.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: News flash, I own some physical gutter metal too. You sit here and cheerlead the gutter metal for years. Perhaps Jim is a paid pumper? THKS!
Referring to me as "Jim" when that's not my name is nothing more than a slur, and the mods should start paying attention. Referring to silver as "gutter" is exactly the same type of slur. If you want respect, you ought to take a close look at yourself.
Calling a PCGS forum member a paid troll is nothing more than a "slur". You should go take a look at yourself. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@dcarr’s point above (“So why not post whenever you buy and sell so that we can see how it goes ?”) could lead us to a fun contest. Which of us, if any, really can market time? To keep it simple, we might allow a portfolio of cash, gold, and silver in any mix. We could rebalance our portfolios periodically, but maybe limited to once per week to keep it manageable. We’d announce our trade on a given day, and it would be executed at the open of the market the next day. We’d keep track over the course of a full year, and see how we do, individually and collectively. If anyone can stay at the top of the pack for several years, they’d have demonstrated their market timing process!
@Higashiyama said: @dcarr’s point above (“So why not post whenever you buy and sell so that we can see how it goes ?”) could lead us to a fun contest. Which of us, if any, really can market time?
Yeah... definitely been on an upswing. Just saw an article saying there is a significant drop in interest in EV's. So likely platinum is waking up in anticipation of more gasoline engine vehicles.
Comments
Last chance.
Knowledge is the enemy of fear
I'd love to see my platinum eagles lose their premiums because of a large price rise.
I knew it would happen.
Platinum premium is high now but varies over the years, although Pt itself seems rangebound. A couple years ago I picked up a pile of 1oz Plat Eagles on Ebay from reputable sellers in the 1040-1080 range, about a $100 premium per coin, no tax, free shipping. Waiting for $1500 spot and I think it will arrive sooner than later.
price goes down premium goes up? how do you raise a premium on something people despise and at the same time do not need?
good work if you can get it . valuable lesson people who can't admit they might have been wrong will pay any premium to maintain a fiction and just hope they can hold out until they die .The heirs liquidate grampy's collection and buy a large cheese pizza WITH EVERYTHING
It works with silver and gold too
premium as a percent is how you need to look at it , not premium in dollars
I know a guy who tries to unload his stash on me every few months. I politely turn him down because he thinks I'm a moron. I'm actually polite in person not like online
A few years ago silver about 22 or so he wants to sell bars to me . 10 oz bars he wants 250 each I offer 200 because why would i pay a premium for 10 oz bars(sealed in plastic) who wants bars sealed in plastic ?
I gotta get 25 an ounce to break even he says ! Get it elsewhere I says what would i do with all that? I can't buy it to flip if you want over spot
In december 2024 he calls me to offer 10 ounce bars , he has to get 35 an ounce "to break even" I say did you ever sell those other 65 ten ounce bars in plastic bars at 25 an ounce ? did you break even ?
long pause these are different bars
This guy has graded platinum 1 oz coins , the ones with the cool designs from like 20 years ago.
He could have sold at 2000
meanwhile here on earth , the back room in his house has a leaky roof , he has a 5 gallon bucket under the leak. If he sells metal he will probably go to home depot and buy a 5 gallon bucket for 29 bucks , he won't fix the hole
His name is Wes , he is about 75 ,don't be like Wes
Because the underlying metal price falls faster than the price of the coin/bar. The premium might even fall in nominal dollar terms, but as a % of the total price that falls lower.
Prices are often "sticky to the downside" much like wages are in an economy.
Sure, but the total $$$ fall but the premium as a % rises or falls less. See below.
No.
buyers have to play along tho, with gold or silver i can see it but i don't get it in such an il-liquid market as platinum
seller wants price stickiness in all markets for sure but there are only 4 people in the united states buying platinum coins and they want a bargain
too complicated to untangle the coin premium from the slab (
) premium
why anyone needs a slab on a saint puzzles me unless they are all in on the ms 65 koolaid
which reminds me of my friend with the silver 10 oz bars. I asked why he wanted bars sealed in packaging , he says so i know they are real
i said "you think china can fake a silver bar but not a plastic bag?"
inquiring minds want to know these things
Confirms the grade....and the holder makes it easier to handle and look at. How long before a raw coin gets dropped and then damaged, right ?
I think common date anything are melt value items, drop it as many times as you like as long its not landing in a woodchipper
grade be damned , i'll confirm for myself if its gold
Last Sunday, a 1 oz. 2001 MS-70 Platinum Eagle sold for $70,500 on GC.
Not too long ago, a couple of 1 oz. 1998 MS-70 Platinum Eagles sold in the mid-$30,000 range on two separate occasions.
Not exactly "common date" coins, but as a market indicator the Platinum Eagle series isn't quite dead.
I knew it would happen.
Platinum is a cyclical, and fingers will get burned for those who think otherwise.
My crystal ball remains cloudy... but seems to have a golden glow once in awhile!
I have always liked the metal just for the coolness of how rare it is and just how it looks slightly different than silver. I’ve always been intrigued by it, I think if you can get it close to spot at $1000 an ounce or less I just think it’s irresistible.
I was fortunate to pick this up for $500, it’s a 70 grade, beautiful design, and a mintage of just a pinch over 4000 coins…
I’m loving purchases like this, granted I am in a sweet spot for picking stuff up working at a B&M…
My YouTube Channel
https://www.walmart.com/ip/2025-1-oz-Platinum-Canadian-Maple-Leaf-50-Coin-BU/14374500710?classType=REGULAR&from=/search
2025 1oz Platinum Maples currently listed on Walmart.com via Bullion Exchange for $1077.60. Spot is currently $1055. CC reward eligible. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Tried to order and got this: We’re sorry, we had to cancel your delivery order because of an unexpected issue
jdimmick;Gerard;wondercoin;claychaser;agentjim007;CCC2010;guitarwes;TAMU15;Zubie;mariner67;segoja;Smittys;kaz;CARDSANDCOINS;FadeToBlack;
jrt103;tizofthe;bronze6827;mkman;Scootersdad;AllCoinsRule;coindeuce;dmarks;piecesofme; and many more
I ordered right before I posted and my order went through. (charged my card and sent me an order confirmation anyway). I will confirm when it ships. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Bought one this morning - will see if it gets cancelled as well.
It added sales tax to mine
Just got shipping - should be here on Friday
Yep same here scheduled delivery Friday. Still showing available at $1077 with spot now at $1077. No sales tax and free shipping to The Commonwealth. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Up $100 in 5 days. Maybe this time is different.
My US Mint Commemorative Medal Set
Chinese jewelers and investors imported the most platinum in a year last month, as the precious metal’s relative stability enhanced its attractiveness over surging and volatile gold.
Imports of platinum into China — the world’s biggest consumer — totaled 11.5 tons in April, according to data released Tuesday. Global demand for the metal, which is also used in catalytic converters and laboratory equipment, is expected to outstrip supply for the rest of this decade, according to Bloomberg Intelligence analysts
My US Mint Commemorative Medal Set
I have noticed some financial bloggers pointing to the gold/platinum ratio or the silver/platinum ratio as a sign that platinum is a buy. Platinum is in a supply shortage that cannot be resolved for years, similar to the supply shortage in silver, and the case for both metals seems compelling.
The biggest impediments to investing in platinum are the buy/sell spread and the thin market that exists. However, these same factors can play into a price spike once buyers decide that platinum is ripe for a rise.
I knew it would happen.
Nice move in the Pt this AM. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Take a look at your gutter metal for the real gains this morning. LOL
My US Mint Commemorative Medal Set
Silver blew through $35 like it wasn't even there.
I knew it would happen.
Not even back to where it was 13 years ago. LOL but I must confess, my SLV was happy. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
.
You sold your SLV weeks ago, according to what you wrote on this forum ?
It seems like you are always posting about being on the winning side of the trade.
Perhaps in the future you can post on this forum whenever you buy and/or sell, and then we can track the performance of your wagers. Other people can benefit by following your trades if you are really that good. But it doesn't count if the post is a day later after the trade.
.
You always seem to be a day late and a dollar short. Keep trying to discredit me skippy. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
.
It isn't a "discredit" attempt.
It is a legitimate request to track and see how someone that trades SLV actually does.
You seem to like to promote the fact that you trade SLV.
So why not post whenever you buy and sell so that we can see how it goes ?
.
Using a derogatory term to describe silver is an attempt to discredit the metal and anyone who owns it. And then, he turns around to buy the paper. He's either totally conflicted or a paid troll.
I knew it would happen.
How do the platinum fundamentals look? Supply is in a multiyear deficit. Is demand increasing as much as silver demand is increasing? On a relative basis compared to silver, I don't see platinum behaving as strongly as silver.
To address the OP's question, I think the answer depends more on the central bank global quest for more gold than any of the platinum fundamentals (which is primarily industrial). Besides the central banks, it appears that more institutional buyers are increasing their weighting from under 0.5% to (much) higher levels simply as a bond hedge.
I knew it would happen.
.
Is it all just a "spam" campaign for SLV ?
.
News flash, I own some physical gutter metal too. You sit here and cheerlead the gutter metal for years. Perhaps Jim is a paid pumper? THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Silver has a massive 15 year Cup and Handle formation in place that suggests a parabolic move is coming.
ZeroHedge makes debut at White House press corps briefing
News flash, I own some physical gutter metal too. You sit here and cheerlead the gutter metal for years. Perhaps Jim is a paid pumper? THKS!
Referring to me as "Jim" when that's not my name is nothing more than a slur, and the mods should start paying attention. Referring to silver as "gutter" is exactly the same type of slur. If you want respect, you ought to take a close look at yourself.
I knew it would happen.
Calling a PCGS forum member a paid troll is nothing more than a "slur". You should go take a look at yourself. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
You win. You are one of the reasons I don't contribute much to this forum anymore. It's just not worth it. Congrats!
I knew it would happen.
Ditto that. Call Spacexxx, perhaps we can broker a new bromance™. Deep stuff bro. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@dcarr’s point above (“So why not post whenever you buy and sell so that we can see how it goes ?”) could lead us to a fun contest. Which of us, if any, really can market time? To keep it simple, we might allow a portfolio of cash, gold, and silver in any mix. We could rebalance our portfolios periodically, but maybe limited to once per week to keep it manageable. We’d announce our trade on a given day, and it would be executed at the open of the market the next day. We’d keep track over the course of a full year, and see how we do, individually and collectively. If anyone can stay at the top of the pack for several years, they’d have demonstrated their market timing process!
This seems fairly prescient.
Knowledge is the enemy of fear
Sounds like the old stock picking contest run here for several years
@Wingsrule said “Sounds like the old stock picking contest run here for several years”
Yes, although that contest was mainly about asset allocation whereas this one is about market timing .
It's starting to 'rip'......up $32 this morning.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Yeah... definitely been on an upswing. Just saw an article saying there is a significant drop in interest in EV's. So likely platinum is waking up in anticipation of more gasoline engine vehicles.
But I still have trouble with that premium that comes with platinum.
From 11/22/24 close (day after OP) thru 06/06/25 close, Pt is up 21.3%, Au is up 21.9%.
It was just available under spot less than 3 weeks ago. Glad I added a few. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Up 25% in less than 3 months.
Knowledge is the enemy of fear
Anyone wanna buy some Pt? To da moon!
THKS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????