2007 CONSOLIDATED PLATINUM THREAD

fastrudy · July 13, 2007 4:38AM

We all know its coming, on Tuesday July 17th at high Noon. In an attempt not to anger the classic collectors and all of the good members who don't care, I am starting this thread. Anything regarding 2007 platinum issues can be posted. Lets try to keep it to one thread.

mackdriver · July 13, 2007 4:45AM

I second the motion.

blu62vette · July 13, 2007 4:46AM

Are there any indications as to what the price of the anniversary set would cost? Is the generasl consensus that it will be 3 1/2 oz coins?

GritsMan · July 13, 2007 4:49AM

Now, all we need is something to talk about!

TrustNo1 · July 13, 2007 4:49AM

is it true there will be a reverse proof later in the year?

SNMAN · July 13, 2007 4:53AM

<< is it true there will be a reverse proof later in the year? >>

good question

fastrudy · July 13, 2007 4:58AM

The mint has announced platinum unc & proof in the four denominations and as sets. Everything else is conjecture(3 coin special set, for example).

mackdriver · July 13, 2007 4:58AM

I will not be buying any of the uncs. or proofs,so i can have the bucks for when and if they come out with the reverse proof.

Pentimento · July 13, 2007 5:04AM

Yay! Plat Chat!

Spot $1310 /oz -- Jul, 13, 2007

1 oz. Unc. -- $1,489.95 From Mint 2007

13.7% over spot

Spot $1150 /oz -- Sep 28, 2006

1 oz. Unc. -- $1390 From Mint 2006

20.8% over spot

Goldbully · July 13, 2007 5:41AM

What, no Coinboy posts?????

COINB0Y · July 13, 2007 6:07AM

Been real busy, sorry!

Here is my Plat Post of the Day

------->2006 vs. 2007 Proof Mintages
Sets: 10,000 vs. 10,000 - SAME
$100 4,000 vs. 6,000 - INCREASE OF 2k!!
$ 50 3,000 vs. 5,000 - INCREASE OF 2k!!
$ 25 5,000 vs. 5,000 - SAME
$ 10 10,000 vs. 10,000 - SAME

fastrudy · July 13, 2007 6:28AM

Mint website says the 1/4 ounce proof has a mintage of only 5000.
link

CC2GO · July 13, 2007 6:31AM

We can talk about Clackamas!!!!

He's famous for buying about 200 - 2006w 1oz Uncirc Plats last year!
Then sent them all in for First Strike grading and killed the market
on Ebay by selling 100 or so MS§9 FS's!!!

So this year, let's hope the Mint puts a limit on "each household."

fastrudy · July 13, 2007 6:33AM

No order limits on mint website thus far....does anybody know for certain if order limits will be in place?

Casman · July 13, 2007 6:49AM

<< Mint website says the 1/4 ounce proof has a mintage of only 5000.
link >>

Maybe my contact lenses are fogged up, but I clicked your link and nowhere did I see the 5000 you mentioned?

Camarasa · July 13, 2007 6:52AM

Is anyone speculating on these?

OPA · July 13, 2007 6:53AM

<< 

<< Mint website says the 1/4 ounce proof has a mintage of only 5000.
link >>

Maybe my contact lenses are fogged up, but I clicked your link and nowhere did I see the 5000 you mentioned? >>

Chris...it's near the bottom....American Eagle Platinum Proof One-Quarter Ounce Coin Product Limit: 5,000

clackamas · July 13, 2007 6:58AM

<< We can talk about Clackamas!!!!

He's famous for buying about 200 - 2006w 1oz Uncirc Plats last year!
Then sent them all in for First Strike grading and killed the market
on Ebay by selling 100 or so MS§9 FS's!!!

So this year, let's hope the Mint puts a limit on "each household." >>

LOL I wish I had the money to buy 200. I bet I sold just a small percentage of the coins that sold on Ebay. Not a dent in the market.

aficionado · July 13, 2007 6:59AM

Didn't the 2006 Proof Plats last until Jan. or Feb of 2007 ???

fastrudy · July 13, 2007 7:15AM

new, improved link
1/4 oz.

Casman · July 13, 2007 8:16AM

<< 

<< 

<< Mint website says the 1/4 ounce proof has a mintage of only 5000.
link >>

Maybe my contact lenses are fogged up, but I clicked your link and nowhere did I see the 5000 you mentioned? >>

Chris...it's near the bottom....American Eagle Platinum Proof One-Quarter Ounce Coin Product Limit: 5,000 >>

Thanks Opa, the prior post linked the uncircs, that's why I couldn't see a limit, but then I didn't notice it was uncircs, either way, I need an eye exam...

CC2GO · July 13, 2007 8:26AM

I had a feeling my comment would draw Clackamas out of the woods! LOL.
Now I'll be watching the boards all weekend from the rest of the crew.......
....coinboy....ericj....wondercoin....FloridaBill.....etc.....

Should be a fun, informative, speculative weekend!

derryb · July 13, 2007 8:27AM

Last year the smart buy was the uncirc. It appears the smart buy this year might be the proof. Are they minting uncircs to demand this year?

GritsMan · July 13, 2007 8:28AM

<< Didn't the 2006 Proof Plats last until Jan. or Feb of 2007 ??? >>

I think even longer--maybe April? It was very disappointing!

Camarasa · July 13, 2007 8:30AM

Any chance of milk spots on these?

NeoStar · July 13, 2007 8:34AM

Any chance of milk spots on these?

Not a chance!

Coinhog · July 13, 2007 9:43AM

<< 

<< Didn't the 2006 Proof Plats last until Jan. or Feb of 2007 ??? >>

I think even longer--maybe April? It was very disappointing! >>

The proof plats have historically been on sale until the next years proof plats are released. Sometimes its April, sometimes its May or in the case of the early millenium years , September/October. Thats just the way it is. They are always the last bullion offering of the year, and the mint typically likes a 1 year sales period. The only time they strayed from that was in 2004 when they were released in September and sales halted in December. This was done to free up the mints schedule to allow them to release more of their offerings early in the year. The short sales period is the reason for the low mintage. This scenario repeated itself last year with the uncircs. I think the glory days of relatively low mintages are over for these babies. Get your backdates now while they are still affordable.

MajorDuty · July 13, 2007 9:48AM

<< Is anyone speculating on these? >>

Is anyone going to eat dinner tonight?

GAT · July 13, 2007 10:03AM

Some of you guys are whistling Dixie, the Mint never does anything the same two years in a row. I bought the 2006 uncirculated platinums but pass on the 2007s.

GritsMan · July 13, 2007 10:20AM

<< Some of you guys are whistling Dixie, the Mint never does anything the same two years in a row. I bought the 2006 uncirculated platinums but pass on the 2007s. >>

I dunno. 2005 proofs were almost as good as the '04s. And I agree, people interested in the series should get the low mintages while they're still affordable. I mean, a 2003 proof 1/2 oz can be had for BELOW this year's issue price, and I consider it to be a key to the series.

Rarity · July 13, 2007 10:22AM

I was fortunate enough to acquire my $100 Unc from Ebay a few weeks ago and will try to complete this 3-year series all in Uncirculated.

NeoStar · July 13, 2007 10:44AM

The proof plats have historically been on sale until the next years proof plats are released. Sometimes its April, sometimes its May or in the case of the early millenium years , September/October. Thats just the way it is. They are always the last bullion offering of the year, and the mint typically likes a 1 year sales period. The only time they strayed from that was in 2004 when they were released in September and sales halted in December. This was done to free up the mints schedule to allow them to release more of their offerings early in the year. The short sales period is the reason for the low mintage. This scenario repeated itself last year with the uncircs. I think the glory days of relatively low mintages are over for these babies. Get your backdates now while they are still affordable.

Very well put CoinHog!!!

7over8 · July 13, 2007 11:00AM

I dont know about you guys but this years reverse is stunning.

Bajajim · July 13, 2007 11:10AM

It will be interesting to see how this unfolds. I, personally, will continue on obtaining each years proof along with the 3 year unc series hoping I am not throwing my money down a rathole.

jmski52 · July 13, 2007 12:42PM

The only time they strayed from that was in 2004 when they were released in September and sales halted in December

Not so. I ordered my 2004 Plat Proofs in late Feb. of 2005.

FloridaBill · July 13, 2007 2:29PM

I was the first to post here about the “investment” potential of the 2006W unc plats. When I did, several wiser owls on the board agreed that that it was possible there would be a short mintage run, but the smart thing to do would be to forestall ordering until Nov-Dec when a better evaluation of sales rates would be available.

This was indeed good advice…on two counts: First, had everyone that was considering buying these ordered early, then undoubtedly the mint would have had another production run, therefore ruining the scarcity value. Secondly, once it became apparent that the initial production run was all she wrote (with the sellout of the .1 oz.), the return on investment seemed much more assured, therefore enabling many of us to feel comfortable with a larger position than we would have taken under normal circumstances.

Given that history, my suggestion is to stay FAR, FAR away from these early on. After all, we have the TJ spouse just around the corner…that’s a sure-fire triple right out of the starting gates! Why not use any available open-to-buy $$$ there, do a quick flip, and then buy even more of the plats IF and when you decide to.

JMHO….

FloridaBill

COINB0Y · July 13, 2007 2:41PM

This series will be higher than 2006 W.

It just has a better reverse for a MS Coin than 2006 did.

fastrudy · July 14, 2007 3:49AM

I think the 1/4 ounce proof is going to be this year's hot coin. Half the mintage of last years 1/4 ounce proof.

OPA · July 14, 2007 4:30AM

<< I was the first to post here about the “investment” potential of the 2006W unc plats. When I did, several wiser owls on the board agreed that that it was possible there would be a short mintage run, but the smart thing to do would be to forestall ordering until Nov-Dec when a better evaluation of sales rates would be available.

This was indeed good advice…on two counts: First, had everyone that was considering buying these ordered early, then undoubtedly the mint would have had another production run, therefore ruining the scarcity value. Secondly, once it became apparent that the initial production run was all she wrote (with the sellout of the .1 oz.), the return on investment seemed much more assured, therefore enabling many of us to feel comfortable with a larger position than we would have taken under normal circumstances.

Given that history, my suggestion is to stay FAR, FAR away from these early on. After all, we have the TJ spouse just around the corner…that’s a sure-fire triple right out of the starting gates! Why not use any available open-to-buy $$$ there, do a quick flip, and then buy even more of the plats IF and when you decide to.

JMHO….

FloridaBill >>

Good advice ... my plans exactly ...

derryb · July 14, 2007 4:54AM

<< The proof plats have historically been on sale until the next years proof plats are released. Sometimes its April, sometimes its May or in the case of the early millenium years , September/October. Thats just the way it is. They are always the last bullion offering of the year, and the mint typically likes a 1 year sales period. The only time they strayed from that was in 2004 when they were released in September and sales halted in December. This was done to free up the mints schedule to allow them to release more of their offerings early in the year. The short sales period is the reason for the low mintage. This scenario repeated itself last year with the uncircs. I think the glory days of relatively low mintages are over for these babies. Get your backdates now while they are still affordable. >>

Agree, but can't decide proof or unirc this year. last year it was uncirc, no question. This year, a little tougher decision. What say yee, Eric - you called it perfect last year.

aficionado · July 14, 2007 5:15AM

<< 
However, the mint is publishing limited mintage numbers for this year's proofs! >>

The Proofs ALWAYS have had a published limited mintage.

A possible wild card is that the reverse is pretty sharp this year.

Another wild card is the Unc. are 'well known' this year. Last year the Unc. snuck up on most people. Proof buyers didn't know there would be an Unc. version. This year may split the buyers between two types. Thus a sell out may take longer.

No sell out like the Spouses, which could only happen with the Proofs, because there is no limit on the Unc.

This is not a new series. The series is, what, 10 years now. No hype.

Conclusion: I agree with the wait and see. No immediate flip opportunity here, but if you collect them or want a coin or two, buy all means, buy away.

I'm going to wait on the Anniv. set and see how that pans out.

VicThrust · July 14, 2007 5:27AM

What was last year's max mintage on 1/4 proof compared to this year's?

aficionado · July 14, 2007 6:22AM

<< What was last year's max mintage on 1/4 proof compared to this year's? >>

Coinboy wrote this on page 1.

------->2006 vs. 2007 Proof Mintages
Sets: 10,000 vs. 10,000 - SAME
$100 4,000 vs. 6,000 - INCREASE OF 2k!!
$ 50 3,000 vs. 5,000 - INCREASE OF 2k!!
$ 25 5,000 vs. 5,000 - SAME
$ 10 10,000 vs. 10,000 - SAME

I don't know why they are increasing the mintage. I believe the 2006 sell out wasn't a 'sell out', they just stopped selling them. I don't think they hit the max. mintage on any of of the Proof coins.

Anyone know the 2006 mintage figures?

jmski52 · July 14, 2007 6:26AM

The mintage figures for Proof Plats that I have are:

2005:

1/10 oz. - 8,104
1/4 oz. - 6,592
1/2 oz. - 5,942
1 oz. - 6,602

2006:

1/10 oz. - 10,356
1/4 oz. - 7,807
1/2 oz. - 7,846
1 oz. - 9,320

Please update me if I am wrong.

Edited to add: Maybe the Mint thinks that they have stimulated demand enough to warrant raising the (artificial) "limits."

FullStrike · July 14, 2007 7:03AM

<< I was the first to post here about the “investment” potential of the 2006W unc plats. >>

Is that something to be proud of?

Wiser and more seasoned buyers watch wait and keep their traps shut.

As it was, the Mint seems to have pumped out far more of these things than the market can really feel good about.

Look for the 2007 version to be a bit higher mintage than the 2006's.

COINB0Y · July 14, 2007 7:24AM

Cleaner Reverse than 2006 W Plat's

derryb · July 15, 2007 11:23AM

So, what plats seem to be the hot item this year?
I'm voting on the 1 oz uncir (because of the three year set) and the 1/4 proof (because of the mintage). I have a good vibe on the 1/10 oz. proof (no logical explanation). Anybody else got a gut feeling?

Raufus · July 15, 2007 11:37AM

I don't follow the discussion about the low 1/4 oz '07 plat proof mintage. From an earlier post: Coinboy wrote this on page 1.

------->2006 vs. 2007 Proof Mintages
Sets: 10,000 vs. 10,000 - SAME
$100 4,000 vs. 6,000 - INCREASE OF 2k!!
$ 50 3,000 vs. 5,000 - INCREASE OF 2k!!
$ 25 5,000 vs. 5,000 - SAME
$ 10 10,000 vs. 10,000 - SAME

So, the 1/4 oz mintage can be 10K from the set + 5K. This is the same as last year's potential. Please fill me in on what I'm missing with this talk of the low 1/4 oz '07 plat mintage.

Thanks!

derryb · July 15, 2007 11:43AM

15,000 total on the 1/4 oz. proof. Tied with 1/2 oz proof for lowEST mintage among the proofs. I think it's preferred over the 1/2 oz only because more affordable to more collectors. And don't forget, depending on how long they are available they may not sell out.

ddink · July 15, 2007 9:48PM

<< No order limits on mint website thus far....does anybody know for certain if order limits will be in place? >>

There is never an order limit on unlimited mintage coins. Order limits only come into play if the mintage is limited to a set number of coins.

P.S. Listen to FLBill...he's right on the money.

fastrudy · July 16, 2007 12:45PM

ttt

2007 CONSOLIDATED PLATINUM THREAD

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