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Platinum Question

ghh101ghh101 Posts: 243 ✭✭
in U.S. Coin Forum
How much is this worth?

1997 - 2007 PCGS MS69 11 coin set $10 Platinum Eagle

Gabe

Comments

  • EricSanEricSan Posts: 889
    A quick review of these on ebay indicates about $140-$160 a pop, thus about $1700 in total is my guess. There are no "key dates" in the bullion series and they seem to sell at little over melt right now.

    Eric
    EAC member since 2011, one third of the way through my 1793 large cent type set
  • ghh101ghh101 Posts: 243 ✭✭
    Thanks I am interested in buying some Platinum. So I should look for proofs?
    I am looking to hold onto to them for awhile.
    Gabe
  • frostbytefrostbyte Posts: 170
    If you look at gold, silver, or platinum they all seem to go up about 20% a year which is pretty good. Sound investment, especially with the economy a bit rocky.
    Beginner that wants to learn.
  • ttownttown Posts: 4,472 ✭✭✭
    $1700 maybe about right if you can get the set at once but shipping is what kills you when you pick them off one by one.

    Having this set I can tell you $160 to $175 will be the price when that's included. If you run upon a "first strike" you can add another $10 to $20 so I'd stay away from those since they are hype and more people are finding out about the truth to these they aren't good long term investments IMO.
  • jmski52jmski52 Posts: 23,287 ✭✭✭✭✭
    If you are looking exclusively at the 1/10th ozers, the Proofs have several low mintage dates which are destined to become semi-keys, including the 2003, 2004, 2005, and 2006. They each have total mintages less than 10,000, which is an exceptionally limited issue by any measure.

    That does not detract from the Uncs, which are still in a downtrend mintage-wise. However, it's important to note that the Uncs in higher grades may become as scarce or scarcer than the proofs, simply because they are not sold in sets, or encased in plastic when they are sold through distributors. The 2004, 2005, and 2006 Uncs all have good potential due to the trend of lower mintages, which I believe is about to reverse itself.

    Of course, the current Key is the Satin finish 2006-W Unc, with a mintage of 3,700. If you decide to collect 1/10th ozers, this is the first acquisition you should make, the sooner the better. It is unlikely that the 2006-W Unc will be displaced as the key to the entire series.

    If you feel comfortable with Platinum as a place to park some money, the 1/10 oz. Plats don't really have a significant premium yet (with the exception of the 2006-W Unc), and you have the benefit of building a nice collection of coins that always have the bullion price as an underlying support.

    The usual disclaimers about investing apply, but I think that you could do worse than to dabble in American Platinum Eagles.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • EricSanEricSan Posts: 889
    If you are interested in getting some platinum, I would recommend the 2006 w-uncs that quickly sold out last year. The prices on these have softened (temporarily, I believe) in the past few weeks. I am not sure why the prices have dipped, but this represents a good opportunity. The coins are typically selling at 2x issue price from the mint. I expect to hold the ones I have for the long run and expect significant growth over that time. I beleive the value as a rarity will eclispe whatever happens to the metal value of the coin.

    In the proofs, as was said before, go for the following dates: 2004 and 2005 first, then 2006 & 2003, then 2001 & 2002 (in that order, lowest mintages are first in the list). These each have mintages of less than 10,000 in the 1oz, 1/2oz, and 1/4oz. The mintages of the 1/10 coins is higher, but follows the same date sequence of rarity.

    The plat collectors base has been pretty small for the past decade, but I believe it will begin growing as a result of the attention from the 2004 proofs, the 2006 w-unc, and the anniversary set that is due out later this year. Right now, they are a largely unknown to many collectors - which makes it a good time to buy...

    But, as always, others may disagree.

    Eric


    EAC member since 2011, one third of the way through my 1793 large cent type set
  • ghh101ghh101 Posts: 243 ✭✭
    Man you both have been of great help.

    Thanks Gabe
  • ericj96ericj96 Posts: 1,657
    Go for the proofs because they are lower mintage anc have changing designs. The set long term may well end up a type set like the old commems and dates may not be meaningful in the out years. The 2006-w legislative unc is a monster buy it while its an infant if you can.
    Pay just a little more and buy the good stuff. Design change and very low low low mintages is the way to go.....better looking too.


    Ericj96

    Anniversary Set Commentary. . Master Mintage Listings
  • jamakinjamakin Posts: 1,055
    The hardest $10 proof platinum to find at a reasonable price is by far the '04
    If anyone can tell me where I could buy a full set of PCGS 69 $10 proof plats for $1700 PM me and I wil be forever in your debt
  • EricSanEricSan Posts: 889
    The $1700 estimate is for bullion 1/10th ounce uncircs. If you find a set of 1/10 proofs for $1700, grab one for me, too!

    Eric
    EAC member since 2011, one third of the way through my 1793 large cent type set
  • jamakinjamakin Posts: 1,055
    Damn I was so hoping.....
  • ghh101ghh101 Posts: 243 ✭✭
    What is the cut off for First Strike for the 2006-W Platinums.

    Gabe
  • ttownttown Posts: 4,472 ✭✭✭


    << <i>The $1700 estimate is for bullion 1/10th ounce uncircs. If you find a set of 1/10 proofs for $1700, grab one for me, too!

    Eric >>




    Buy away. Here's one on Ebay with a BIN for $1259. A PCGS one sold this week PCGS PF69 with a BIN for $1125 and this seller had it last month for $999. There does seem to be an untick on theses right now.

    2004 W proof on Ebay with "Buy it now"
  • ttownttown Posts: 4,472 ✭✭✭


    << <i>What is the cut off for First Strike for the 2006-W Platinums.

    Gabe >>




    If it were me I'd get a non-first strike since these were all produced on the first run. The "first strike" is a game that is starting to be revealed to the public and may not be a good investment in the future. Buy the coin and not what's on the holder.image
  • NeoStarNeoStar Posts: 1,123 ✭✭✭
    ttown is right; buy the coin not the label. The mintage of the 2006 W 1/10 Platinum is 3,700 pieces only and they were all delivered around the same dates. So in theory they would all be first strikes. Also, First Strike labels are not rare and have a very high mintage... image
    Click HERE to see my Registry Sets

    image
  • ttownttown Posts: 4,472 ✭✭✭
    Ok all you big talkers here's a 2004 W PCGS Proof DCAM for under a grand with a "Buy it Now" from a good seller.image

    2004 Proof

    Better snap it up unless it was just a bunch of talk.
  • jamakinjamakin Posts: 1,055
    That is an extremely good price for a $10 '04 proof!
    If I had enough money to own two it would be gone.
  • jmski52jmski52 Posts: 23,287 ✭✭✭✭✭
    Ok all you big talkers here's a 2004 W PCGS Proof DCAM for under a grand with a "Buy it Now" from a good seller.

    2004 Proof

    Better snap it up unless it was just a bunch of talk.


    ttown, scroll UP! The discussion involved a full set, not just one coin. Get busy and find me a set for that price, will ya?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.

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