I’m looking for some advice on long-term storage for these platinum coins. I’ve accumulated quite a few and want to make sure I’m storing them properly for the long run.
Since these platinum coin are almost 100% pure, my understanding is that it doesn’t tarnish or corrode like silver or copper. What are your best practices for storing platinum coins long term? Any do’s or don’ts?
@triplelake said:
I am waiting for platinum spot to hit $2800 before buying these from mint again
Why? Because, unless you get another crazy fast move, combined with no weekly reprice due to a holiday, when platinum hits $2800 the coins will be offered for $3300, and you still won't want them!
Might as well just buy them if you like them and think platinum is going higher. Because the opportunity to buy these directly from the Mint below spot was likely a once in a lifetime opportunity. And even then, some people got spooked and returned them when platinum had a momentary correction.
@triplelake said:
I am waiting for platinum spot to hit $2800 before buying these from mint again
Why? Because, unless you get another crazy fast move, combined with no weekly reprice due to a holiday, when platinum hits $2800 the coins will be offered for $3300, and you still won't want them!
Might as well just buy them if you like them and think platinum is going higher. Because the opportunity to buy these directly from the Mint below spot was likely a once in a lifetime opportunity. And even then, some people got spooked and returned them when platinum had a momentary correction.
I bought during the last round of under spot deals and didn't return or sell any. I thought the Mint has a fixed schedule on updating its product pricing, so new spot price does not immediately get reflected. I am sensing another opportunity coming this week
@triplelake said:
I am waiting for platinum spot to hit $2800 before buying these from mint again
Why? Because, unless you get another crazy fast move, combined with no weekly reprice due to a holiday, when platinum hits $2800 the coins will be offered for $3300, and you still won't want them!
Might as well just buy them if you like them and think platinum is going higher. Because the opportunity to buy these directly from the Mint below spot was likely a once in a lifetime opportunity. And even then, some people got spooked and returned them when platinum had a momentary correction.
I bought during the last round of under spot deals and didn't return or sell any. I thought the Mint has a fixed schedule on updating its product pricing, so new spot price does not immediately get reflected. I am sensing another opportunity coming this week
AI says that the mint usually adjusts pricing on Wednesdays but can change any time. The spot price would have to move up over $550 within the space of a few days for that to happen again.
@triplelake said:
I am waiting for platinum spot to hit $2800 before buying these from mint again
Why? Because, unless you get another crazy fast move, combined with no weekly reprice due to a holiday, when platinum hits $2800 the coins will be offered for $3300, and you still won't want them!
Might as well just buy them if you like them and think platinum is going higher. Because the opportunity to buy these directly from the Mint below spot was likely a once in a lifetime opportunity. And even then, some people got spooked and returned them when platinum had a momentary correction.
I bought during the last round of under spot deals and didn't return or sell any. I thought the Mint has a fixed schedule on updating its product pricing, so new spot price does not immediately get reflected. I am sensing another opportunity coming this week
It does reprice on a fixed schedule. Weekly, on Wednesdays. So you'd need a sustained move of over $500 in less than a week to possibly catch another opportunity like we had a few weeks ago. Rare and unlikely.
Is this going to be it for the Semi quincentennial? Are all of the coins going to be made of platinum or gold?
So much of the “average Joe” having a chance to collect them. The mint is fast becoming an elitist public entity.
Given the price of silver, the silver Proof sets are going to be expensive enough.
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 ... ?
Comments
I’m looking for some advice on long-term storage for these platinum coins. I’ve accumulated quite a few and want to make sure I’m storing them properly for the long run.
Since these platinum coin are almost 100% pure, my understanding is that it doesn’t tarnish or corrode like silver or copper. What are your best practices for storing platinum coins long term? Any do’s or don’ts?
Think these sellers wished they waited another month or two before listing their 2025-W APE's at GreatCollections?
Why do I feel this could only happen to me?
I feel their pain.
GC Link CACG Listing
GC Link PCGS listing
The proof plats went up another $50 to $2,795.
ats: 16
2018(ats: 2), 2023(ats: 947), and 2024(ats: 80)
At $2,795 it's going to be difficult to sell out the 2023's.
Hmmmm,
Nice to see the availability at the higher price.
2025-W APE
ats: 4
2018, 2023, 2024, and 2025 are all available.
ats: 1, 916, 317, and 6
I am waiting for platinum spot to hit $2800 before buying these from mint again
It's headed that way..............
Ask: $2,420
Why? Because, unless you get another crazy fast move, combined with no weekly reprice due to a holiday, when platinum hits $2800 the coins will be offered for $3300, and you still won't want them!
Might as well just buy them if you like them and think platinum is going higher. Because the opportunity to buy these directly from the Mint below spot was likely a once in a lifetime opportunity. And even then, some people got spooked and returned them when platinum had a momentary correction.
Ready to empty my wallet. > @NJCoin said:
I bought during the last round of under spot deals and didn't return or sell any. I thought the Mint has a fixed schedule on updating its product pricing, so new spot price does not immediately get reflected. I am sensing another opportunity coming this week
AI says that the mint usually adjusts pricing on Wednesdays but can change any time. The spot price would have to move up over $550 within the space of a few days for that to happen again.
It does reprice on a fixed schedule. Weekly, on Wednesdays. So you'd need a sustained move of over $500 in less than a week to possibly catch another opportunity like we had a few weeks ago. Rare and unlikely.
Is this going to be it for the Semi quincentennial? Are all of the coins going to be made of platinum or gold?
So much of the “average Joe” having a chance to collect them. The mint is fast becoming an elitist public entity.
Given the price of silver, the silver Proof sets are going to be expensive enough.
2018 Not Available
2023 ats: 915
2024 ats: 394
2025 Not Available
Price raised to $2895.
Ouch
Check that..............$2,945
Very nice! Everyone who bought at $2345 "price mistake" from the Mint are in the money
Wow, the 2026 pricing grid is out. https://www.usmint.gov/content/dam/usmint/shop/Pricing-Grid.pdf
At current plat spot price (~$2715), these will be $3295 next price update.
And FWIW, the 2026 product page is up:
With platinum spot currently at $2750 and mint selling at $2945, another buying platinum at or under spot opportunity probably coming next week.
Right to petition is available this morning
2023, 2024, and 2025 are all available this morning.