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Platinum Eagles
batumi
Posts: 848 ✭✭✭✭
Platinum crosses $1400 today. I am thinking-and hoping the APE's will finally get some respect as they are an interesting series with a precious and vital industrial metal content. Low mintages along with a few years of fractional issues. The much lower price imo, incomparison to the gold eagles makes them attractive even with the uptick in platinum prices at least for the near future. Please weigh in with your opinion pro and or con. Thanks .
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Nice coins. Generally not the most efficient way to invest in PGMs
Higher prices won't make platinum more attractive. It certainly didn't make a difference in 2008 when platinum was over $2000. But I did call this year's Platinum eagles as a great buy when the mint issued them a few months ago at $1000 platinum. But as @jmlanzaf said, there's cheaper ways to invest in platinum.
http://ProofCollection.Net
My opinion has always been that platinum has been held back in the numismatic market because it looks so similar to silver and has had a much more limited historical association with coinage. I don't see that changing much.
In honor of the memory of Cpl. Michael E. Thompson
Platinum Eagles (the proofs) have had the advantage of a changing design, which I think make them more appealing to collect as a set. There is also a complete set that can be done for the fractionals since those stopped in 2008. The 1 oz continues to be made. Mintages are generally lower than the other Eagle programs (silver and gold). So there is plenty to like but the demand is lower and as mentioned, the metal looks too similar to silver.
PPLT is great for short term trading.
Proof Platinum Eagles sets can be a lot of fun to collect because of their changing designs if you are interested in having a long term holding.
I think the problem is that platinum just doesn't have the prestige or publicity of gold and silver. Platinum (not just eagles) needs a publicist. I think that's all there is to it.
http://ProofCollection.Net
It's also not as liquid in coin form because it isn't that popular.
Who makes the best secondary market in the Plats? From my observations there really is not much of one. I have some dupes to sell and some holes to fill.
The BS&T forum might be a good place to start, depending on the volume involved. A good many members here would likely be interested; and, if not, you're still free to try another approach.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins, justindan, doubleeagle07
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me. . . . . . .
I'm looking to upgrade a lot of my MS69 & PR69 $10 APEs to 70's if you have any spare 70s.
http://ProofCollection.Net
Must be a lot of play in that market, it's lost $75 since I looked late yesterday afternoon. Down to $1343 currently.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins, justindan, doubleeagle07
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me. . . . . . .
@ProofCollection , I have been doing the halves and One oz'ers, will have to look, but dont think i have any of the $10s
A big jump in Pt will simply raise the price of APEs, but there's probably no correlation to any increase or decrease in respect they get by collectors. If it dropped to $300/oz, maybe people would take notice and buy, but that would likely be simply buying the dip. The obverse design is great in 1997-2003 when they had mirrored devices and lustrous fields. I have a 1997 1/2 oz in my collection, and I really like it, but that's it. Too much other stuff to collect.
The lower price than gold is because of lower value, so if you like collecting by size, APEs will be more affordable. Their forever problem is that in the precious metals popularity contest, platinum is a distant third behind gold and silver, especially in the history of coins.
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