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 ... ?
At this point are the ones that go back in-stock likely returns with defects? I recieved a 2025 Right to Petition from the restock a few weeks ago and one had a huge scratch.
Was waiting for a restock to initiate a return/exchnage but will likely just return it now.
@TheWaveCarver said:
At this point are the ones that go back in-stock likely returns with defects? I recieved a 2025 Right to Petition from the restock a few weeks ago and one had a huge scratch.
Was waiting for a restock to initiate a return/exchnage but will likely just return it now.
Definitely returns. "Defects" is debatable. A huge scratch is rare. Are you sure it's on the coin and not the holder?
Returns more often come from people chasing perfection, but 69 instead of 70 is not the definition of a defect. With these specifically, there were a number of people grabbing them when their price momentarily dropped below spot, who then got cold feet when spot dropped dramatically before recovering.
So the question for you is what did you pay for it? If it was $2345, why would you return it with platinum trading over $2700 now, even if it actually has a huge scratch on it?
@TheWaveCarver said:
At this point are the ones that go back in-stock likely returns with defects? I recieved a 2025 Right to Petition from the restock a few weeks ago and one had a huge scratch.
Was waiting for a restock to initiate a return/exchnage but will likely just return it now.
Definitely returns. "Defects" is debatable. A huge scratch is rare. Are you sure it's on the coin and not the holder?
Returns more often come from people chasing perfection, but 69 instead of 70 is not the definition of a defect. With these specifically, there were a number of people grabbing them when their price momentarily dropped below spot, who then got cold feet when spot dropped dramatically before recovering.
So the question for you is what did you pay for it? If it was $2345, why would you return it with platinum trading over $2700 now, even if it actually has a huge scratch on it?
Good points. I purchased the 25EJ at $2795. I also purchased a seemingly perfect 23EJ and 24EJ at $2895.
I also have a few from the $2395 price point (But no 25EJ).
So right now Im deciding if I should keep a 23EJ or 24EJ at $2895 or the flawed 25EJ at $2795.
Scratch is on the coin after taking the capsule lid off.
@TheWaveCarver said:
I know most of the ones I have would not grade PF70 in all likelihood. But such an obvious flaw is tough at the price point.
I hear you about the price point. But the reality is that, once they leave the Mint, they are all bullion. Even the 70s.
If you are bullish on platinum at $2700, keep it. Otherwise, return it. I get that the scratch is annoying, but you have to get past that, because they are not going to replace it, and if you get another opportunity to buy at $2795, it will be because platinum dipped below $2300, and you won't want it.
@TheWaveCarver said:
I know most of the ones I have would not grade PF70 in all likelihood. But such an obvious flaw is tough at the price point.
I hear you about the price point. But the reality is that, once they leave the Mint, they are all bullion. Even the 70s.
If you are bullish on platinum at $2700, keep it. Otherwise, return it. I get that the scratch is annoying, but you have to get past that, because they are not going to replace it, and if you get another opportunity to buy at $2795, it will be because platinum dipped below $2300, and you won't want it.
I appreciate the insight. Im relatively new to coin collecting and was questioning if it made more sense to try and play both ends of the value spectrum (Numastic value vs bullion value). It sounds like in 99% of cases the value is truly bullion alone based on what you're saying.
What are the other situations where you might earn more than bullion/spot on a 1oz coin? PF70 and then only on a coin that happens to gain popularity?
So the mint increased the limit for 2026 to 15k despite sales dropping. They haven't sold that many since 2018.
It looks like the mint might be dreaming if they think they will sell this many.
Doesn't matter, because it's all bullion in the secondary market. People who like them and are building sets will buy them anyway.
And, they will sell out any quantity if they are willing to sell them below spot, as they were for a few days around Christmas. Otherwise, mintage limits for things like this are meaningless. Like they are for the Comic Arts coins.
@TheWaveCarver said:
I know most of the ones I have would not grade PF70 in all likelihood. But such an obvious flaw is tough at the price point.
I hear you about the price point. But the reality is that, once they leave the Mint, they are all bullion. Even the 70s.
If you are bullish on platinum at $2700, keep it. Otherwise, return it. I get that the scratch is annoying, but you have to get past that, because they are not going to replace it, and if you get another opportunity to buy at $2795, it will be because platinum dipped below $2300, and you won't want it.
I appreciate the insight. Im relatively new to coin collecting and was questioning if it made more sense to try and play both ends of the value spectrum (Numastic value vs bullion value). It sounds like in 99% of cases the value is truly bullion alone based on what you're saying.
What are the other situations where you might earn more than bullion/spot on a 1oz coin? PF70 and then only on a coin that happens to gain popularity?
They're not lowering the premiums. If anything, they'll raise them.
The premiums on the platinum are already half those for the gold. And that was true when spot platinum was higher than spot gold. It's a function of the popularity of the metals.
But they are not going to go below a $500 premium on low mintage numismatic product with over $1,000 of intrinsic value. They honestly don't care whether or not we buy them. Otherwise, they would take a signal from the secondary market and lower premiums as spot metal prices rise.
They don't. They only take secondary market signals when they tell them they can get away with raising prices, like on the 2026 base metal annual coin sets, because 2025 set prices exploded on the secondary market.
I appreciate the insight. Im relatively new to coin collecting and was questioning if it made more sense to try and play both ends of the value spectrum (Numastic value vs bullion value). It sounds like in 99% of cases the value is truly bullion alone based on what you're saying.
What are the other situations where you might earn more than bullion/spot on a 1oz coin? PF70 and then only on a coin that happens to gain popularity?
All PR70 coins priced at or below $3K are all sold out online, so they are certainly not sold at bullion value. PR69 are valued same as bullion. There are few years like 2008, 2014 and 2015 that are valued much higher than other years due to the lower mintages. Burnished platinums are selling for >40% over melt value.
I appreciate the insight. Im relatively new to coin collecting and was questioning if it made more sense to try and play both ends of the value spectrum (Numastic value vs bullion value). It sounds like in 99% of cases the value is truly bullion alone based on what you're saying.
What are the other situations where you might earn more than bullion/spot on a 1oz coin? PF70 and then only on a coin that happens to gain popularity?
All PR70 coins priced at or below $3K are all sold out online, so they are certainly not sold at bullion value. PR69 are valued same as bullion. There are few years like 2008, 2014 and 2015 that are valued much higher than other years due to the lower mintages. Burnished platinums are selling for >40% over melt value.
Really? Offer a PR70 to any of the those online sellers that are presently sold out, and report back on how much above spot they offer you. Even though they surely don't have more than they need, given that they have none. Unless, of course, they need none because they have no interest. In any event, either way, the answer will be $0.
Whatever they are selling them for, or trying to sell them for, you won't be able to sell them for a penny above spot. You probably won't even be able to get spot. Just try and report back.
Really? Offer a PR70 to any of the those online sellers that are presently sold out, and report back on how much above spot they offer you. Even though they surely don't have more than they need, given that they have none. Unless, of course, they need none because they have no interest. In any event, either way, the answer will be $0.
Whatever they are selling them for, or trying to sell them for, you won't be able to sell them for a penny above spot. You probably won't even be able to get spot. Just try and report back.
I see your point, but the market value of PR70 coins is driven by scarcity and collector demand, not just spot prices. The fact that they're sold out online at those prices shows they hold value beyond melt. Plus, I’ve seen recent eBay sales above $3K, which proves there's a market for them at premium prices. I’ll attach a screenshot for reference.
Really? Offer a PR70 to any of the those online sellers that are presently sold out, and report back on how much above spot they offer you. Even though they surely don't have more than they need, given that they have none. Unless, of course, they need none because they have no interest. In any event, either way, the answer will be $0.
Whatever they are selling them for, or trying to sell them for, you won't be able to sell them for a penny above spot. You probably won't even be able to get spot. Just try and report back.
I see your point, but the market value of PR70 coins is driven by scarcity and collector demand, not just spot prices. The fact that they're sold out online at those prices shows they hold value beyond melt. Plus, I’ve seen recent eBay sales above $3K, which proves there's a market for them at premium prices. I’ll attach a screenshot for reference.
I'm not sure what I'm looking at, other than to say that if dealer bids are below spot, there is not a ton of demand above spot. Otherwise, they'd raise their bids to capture the spread and make money.
I'm not sure what I'm looking at, other than to say that if dealer bids are below spot, there is not a ton of demand above spot. Otherwise, they'd raise their bids to capture the spread and make money.
You’re mixing up dealer bid behavior with actual market-clearing prices.
Large dealers often keep conservative or even below-spot posted bids because they don’t need inventory and don’t want to advertise higher buy prices publicly. That does not mean the coins don’t trade higher in the open market, it just means that specific dealer doesn’t want them right now.
The real price discovery for collectible material happens in actual transactions between buyers and sellers, not just in static dealer bid tables. That’s why you can see:
JM Bullion paying ~$100 over spot for MS70 platinum (I’ll post the screenshot), and
PR70 consistently trading higher than MS70 in real-world sales (eBay, private deals, etc.).
If the coins truly couldn’t sell above spot, those MS70 buy prices and recent $3k+ PR70 sales simply wouldn’t exist.
Seems like overall its difficult to liquidate a PF70 quickly at a price above spot. You'd have to sell on eBay or some other site... and then you'll be subject to fees.
The private sale route is an option but might not be able to move anything quickly. So overall, I see how 99% of proofs (Even some PF70s) are really just bullion for the average Joe.
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.
I was waiting for the 2025. Already out of stock.
At this point are the ones that go back in-stock likely returns with defects? I recieved a 2025 Right to Petition from the restock a few weeks ago and one had a huge scratch.
Was waiting for a restock to initiate a return/exchnage but will likely just return it now.
Definitely returns. "Defects" is debatable. A huge scratch is rare. Are you sure it's on the coin and not the holder?
Returns more often come from people chasing perfection, but 69 instead of 70 is not the definition of a defect. With these specifically, there were a number of people grabbing them when their price momentarily dropped below spot, who then got cold feet when spot dropped dramatically before recovering.
So the question for you is what did you pay for it? If it was $2345, why would you return it with platinum trading over $2700 now, even if it actually has a huge scratch on it?
Good points. I purchased the 25EJ at $2795. I also purchased a seemingly perfect 23EJ and 24EJ at $2895.
I also have a few from the $2395 price point (But no 25EJ).
So right now Im deciding if I should keep a 23EJ or 24EJ at $2895 or the flawed 25EJ at $2795.
Scratch is on the coin after taking the capsule lid off.
I know most of the ones I have would not grade PF70 in all likelihood. But such an obvious flaw is tough at the price point.
I hear you about the price point. But the reality is that, once they leave the Mint, they are all bullion. Even the 70s.
If you are bullish on platinum at $2700, keep it. Otherwise, return it. I get that the scratch is annoying, but you have to get past that, because they are not going to replace it, and if you get another opportunity to buy at $2795, it will be because platinum dipped below $2300, and you won't want it.
The "official" mintage limits:
2025 9,000
2026 15,000
So the mint increased the limit for 2026 to 15k despite sales dropping. They haven't sold that many since 2018.
It looks like the mint might be dreaming if they think they will sell this many.
Maybe if they lowered the typical premium margins they would be able to move that many.
I appreciate the insight. Im relatively new to coin collecting and was questioning if it made more sense to try and play both ends of the value spectrum (Numastic value vs bullion value). It sounds like in 99% of cases the value is truly bullion alone based on what you're saying.
What are the other situations where you might earn more than bullion/spot on a 1oz coin? PF70 and then only on a coin that happens to gain popularity?
Doesn't matter, because it's all bullion in the secondary market. People who like them and are building sets will buy them anyway.
And, they will sell out any quantity if they are willing to sell them below spot, as they were for a few days around Christmas. Otherwise, mintage limits for things like this are meaningless. Like they are for the Comic Arts coins.
They're not lowering the premiums. If anything, they'll raise them.
The premiums on the platinum are already half those for the gold. And that was true when spot platinum was higher than spot gold. It's a function of the popularity of the metals.
But they are not going to go below a $500 premium on low mintage numismatic product with over $1,000 of intrinsic value. They honestly don't care whether or not we buy them. Otherwise, they would take a signal from the secondary market and lower premiums as spot metal prices rise.
They don't. They only take secondary market signals when they tell them they can get away with raising prices, like on the 2026 base metal annual coin sets, because 2025 set prices exploded on the secondary market.
The 2026 pricing grid was just released. At current pricing if it holds, all US mint plats will reprice to $3295 on Wednesday.
All PR70 coins priced at or below $3K are all sold out online, so they are certainly not sold at bullion value. PR69 are valued same as bullion. There are few years like 2008, 2014 and 2015 that are valued much higher than other years due to the lower mintages. Burnished platinums are selling for >40% over melt value.
Really? Offer a PR70 to any of the those online sellers that are presently sold out, and report back on how much above spot they offer you. Even though they surely don't have more than they need, given that they have none. Unless, of course, they need none because they have no interest. In any event, either way, the answer will be $0.
Whatever they are selling them for, or trying to sell them for, you won't be able to sell them for a penny above spot. You probably won't even be able to get spot. Just try and report back.
I see your point, but the market value of PR70 coins is driven by scarcity and collector demand, not just spot prices. The fact that they're sold out online at those prices shows they hold value beyond melt. Plus, I’ve seen recent eBay sales above $3K, which proves there's a market for them at premium prices. I’ll attach a screenshot for reference.
I'm not sure what I'm looking at, other than to say that if dealer bids are below spot, there is not a ton of demand above spot. Otherwise, they'd raise their bids to capture the spread and make money.
You’re mixing up dealer bid behavior with actual market-clearing prices.
Large dealers often keep conservative or even below-spot posted bids because they don’t need inventory and don’t want to advertise higher buy prices publicly. That does not mean the coins don’t trade higher in the open market, it just means that specific dealer doesn’t want them right now.
The real price discovery for collectible material happens in actual transactions between buyers and sellers, not just in static dealer bid tables. That’s why you can see:
JM Bullion paying ~$100 over spot for MS70 platinum (I’ll post the screenshot), and
PR70 consistently trading higher than MS70 in real-world sales (eBay, private deals, etc.).
If the coins truly couldn’t sell above spot, those MS70 buy prices and recent $3k+ PR70 sales simply wouldn’t exist.
Dealer bids are a floor, not the market.
Seems like overall its difficult to liquidate a PF70 quickly at a price above spot. You'd have to sell on eBay or some other site... and then you'll be subject to fees.
The private sale route is an option but might not be able to move anything quickly. So overall, I see how 99% of proofs (Even some PF70s) are really just bullion for the average Joe.