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which statement most closely matches your opinion on the 2006 platinum-w coins
classiccoin
Posts: 263
#1 considering the mintage they are a modern day rarity and worth a very large premium as such and a very collectible item
#2 because of their low mintage they are probably worth a small premium over other dates of the series to those assembling a set
#3 they are just another boring newly made bullion coin and mintages are of no significance other then to those who bought them and are hyping them to others
#2 because of their low mintage they are probably worth a small premium over other dates of the series to those assembling a set
#3 they are just another boring newly made bullion coin and mintages are of no significance other then to those who bought them and are hyping them to others
when judgement day comes..
0
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As a matter of fact you made this exact statement in an earlier thread.
"your comments are at best adversarial"
could it also be considered adversarial that a host of new members just joined at the exact same time as these new mint bullion products came out and they do nothing but start threads about the inane daily populations of these new coins and how much the current ebay price is on any given day.. maybe 99% of the members here could care less and consider that adversarial too.. sorry for the adversarial comments.. back to your flag holders now
So why are YOU starting new threads about platinum bullion. According to you, you are wasting 99% of the forum memberships time by starting this thread. It seems quite hypocritical to me.
Why don't you start a thread about classic coins? See if 99% of the members post to that. LOL
Russ, NCNE
Box of 20
So the Canadian mint, the US mint, the Mexican mint, the Chinese mint--they're rolling out "bullion", but they're also legal tender coins. So I see them as a combination of metal investment and numismatic value. But, you'd be a fool to pay a premium for a silver or platinum bullion coin if you're interested in investing in the metal, because when you go to cash in you will get spot price. Essentially, this means that if numismatic collectors are interested in these coins, they cease to be bullion. They are collectible coins, and should be regarded as such. If the economy collapses (think y2k hype), the coin will be worth $100, or whatever an ounce of platinum will buy. So in order for these low mintage releases of "bullion coins" to be worth anything, it takes a healthy economy and market, and a group of collectors willing to invest in their scarcity. Otherwise it's just a metal struck in a different form than it came out of the ground.
Ken
Like any other coin! How about that?
#4
#6 I don't have enough money to go around hoarding numbers of platinum coins as an investment and still buy the other coins I want.
You could really make the argument that any coin that is made of silver, gold, or platinum is merely just another piece of bullion. Beauty is in the eyes of the beholder.. or the investor, whichever the case may be.
<< <i>#5 sounds good.
Ken >>
I would restate it as...
"I am simply not interested."
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>it takes a healthy economy and market, and a group of collectors willing to invest in their scarcity. Otherwise it's just a metal struck in a different form than it came out of the ground
Like any other coin! How about that?
#4 >>
Not exactly like any other coin. I think (my opinion), the more expensive a coin is upon release, the less upside potential. Take large cents. At the time of issue, they were worth a penny. Today, thousands for MS examples. In fact, it's really weird how the lower the coin demonination, the more it seems to be worth 100 years later. But take a look at one of the most prized coins today, the St Gaudens--you can have those for $600-$800. That's almost melt value! And they're 80 years old. So what about a $1500 platinum eagle--will it ever really go up much beyond that? Maybe, but I don't think so. When most of the value is built into the coin with metal content, it's more difficult to get it to move numismatically. Copper pennies and silver halfs--they have little metal value, yet we pay hundreds and even thousands for them based on age, condition, and rarity... but the platinum coins are already valued at thousands based on metal content, so should we really pay 20K-50K for the coin because it's rare also? Condition will never be an issue for these platinum coins--and scarcity won't either because even if the mintage is low, they are sold in holders as collector's coins so nobody is gonna melt these or use them in circulation. I just don't think they're a good collector's investment as far as upside potential goes. Take a copper penny, and it has nowhere to go but up. A platinum coin, not so much. I could be wrong--this is just my opinion.
<< <i>What does the 'w' stand for?
It used to mean west point.
If thats the case why is a good looking $50 Pan Pack worth 650 times issue price. Guys we will all get together and compare notes in 9 months when the $100 congressional MS plat pcgs-70 is pulling over 6 grand.
Ericj96
Bought, sold, next!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Quite subliminal don't you think?
Self Indulgence | Holey Coins | Flickr Photostream
Botton line, how much will someone pay?
San Diego, CA
#9. If the mint had bothered to fill my order, or make the website indicate "Sold Out" when they were sold out, I would still care.
Booked another fishing trip today. Sure is fun spending that plat money!
can predetermine the responses.
Truth can never be stage managed.
Camelot
#4
...and the large cents are valuable because of their condition rarity. The cents were used in daily transactions and I am quite sure at face value. If precious metal coins today were face valued at or near their true value I am sure some would be used in commerce as well.
The ridiculous face value placed on them by the mint absolutely precludes this from ever happening.
<< <i>#4
...and the large cents are valuable because of their condition rarity. The cents were used in daily transactions and I am quite sure at face value. If precious metal coins today were face valued at or near their true value I am sure some would be used in commerce as well.
The ridiculous face value placed on them by the mint absolutely precludes this from ever happening. >>
That is the plan. They are not intended to be used as circulating legal tender and would never have been approved as such.
#x
<< <i>NotWright, some gold bugs will try to tell you to buy only Circ liberties and saints. They site the amounts in dollars stamped on our latest bullion from the mint $50 on 1oz gold, $100 1oz platinum as a reason. Why? They think, I dont', that in time of National crisis of (the dollars demise a much sited example) this will be the declared value of these coins. So as not to give an advantage to those who were smart enough to protect themselves with purchases of precious metals. If we really want to protect our money we should have 90% silver US coins and circ gold. I don't agree. Just a thought. >>
Michael,
Yes, I dont agree with that logic either. In the event that gold goes below $50/oz things will be quite different than they are now.
I wonder how many others have trouble with my handle. It is supposed to be NoTwilight as in the following quote: "Far better is it to dare mighty things, to win glorious triumphs-even though checkered by failure than to take rank with those timid spirits who neither enjoy nor suffer much because they live in the gray twilight that knows neither victory nor defeat."
- Theodore Roosevelt
Wish I had bought some!!!