2006 W Platinum selling for PEANUTS!!!

CC2GO · July 28, 2007 10:28AM

HOW LOW WILL THEY GO?
Link

And he's got a 2006w $10 MS69 for $595!

I can't believe people are this desperate
to ruin the value of these coins! MORONS!!!!

jmski52 · July 28, 2007 10:30AM

Note, only 6 days and 21 hours left to go on those auctions.

NeoStar · July 28, 2007 10:33AM

I think prices will come around after the Summer...

Rarity · July 28, 2007 10:36AM

2006W $100 PCGS FS MS69 $1619

holeinone1972 · July 28, 2007 10:38AM

I have a MS70 $100 I was gonna sell at $4k but prices have fallen, so I will wait.

I hope it recovers.

CC2GO · July 28, 2007 10:45AM

<< Note, only 6 days and 21 hours left to go on those auctions. >>

I once had a 2006w $50 MS69 FS listed with Best Offers of $1300 $ $1400.
That was right after I saw one sell for $1999.99! The auction ended without
a buyer and I sold it to a private collector who inquired shortly afterward.
There seems to be no demand for these anymore. Not right now anyway.

Paleodale · July 28, 2007 10:47AM

<< 2006W $100 PCGS FS MS69 $1619 >>

Think about it,, more likely a fluke... If anybody offered you this coin for that Price you'd jump thru hoops to buy it at that price, Would'nt you,????????

TwoSides2aCoin · July 28, 2007 10:51AM

GAT · July 28, 2007 11:01AM

THE SKY IS FALLING, BAIL OUT!!!! Even at my age I realize the potential of these 2006-W Platinums and refuse to be spooked out. I might not see it but my 3 kids sure will.

CC2GO · July 28, 2007 11:33AM

In essence, if the seller is willing to sell the $50 for $1495, he should be starting
the $10 at $395.

I made the mistake of watching Shop-At-Home last night and sat there listening to all
the hype while they blew out 2007w NGC MS69 Gold sets at $2499. Then, to see the
plats sell so low on Ebay really takes the cake! So it appears most household "collectors"
watch TV than do the bay! I need my own TV Station and a truckload of "limited mintage"
coins! And...now is the time to buy!!!!!

Lionel · July 28, 2007 12:38PM

One thing to consider is that this seller left the word "Eagle" out of the actual title of the auction. This means that eveyone who looks for an item like this and searches on the word "eagle" would miss it.

I tried it to verify this. Sure enough, include "eagle" in the search and this item doesn't come up.

I personally use keyword searches to find stuff. I don't just browse categories. So, it's possible that the title wording left a lot of potential customers unaware of the auction.

TwoSides2aCoin · July 28, 2007 12:45PM

Goldbully · July 28, 2007 1:45PM

<< HOW LOW WILL THEY GO?
Link

And he's got a 2006w $10 MS69 for $595!

I can't believe people are this desperate
to ruin the value of these coins! MORONS!!!! >>

Just wait for the 2007-W Plat Uncs.....they will be a bust just like they're silver brethren.

The 2006-W AxE's are a KEEPER!!!!!!!

That APE auction has a long way to go......wait and see!!!!

tcmitssr · July 28, 2007 2:44PM

<< HOW LOW WILL THEY GO?
Link

And he's got a 2006w $10 MS69 for $595!

I can't believe people are this desperate
to ruin the value of these coins! MORONS!!!! >>

I bought one for $300.

tincup · July 29, 2007 12:38AM

Platinum must be hurting.... not to spook you further, a week ago I bought a set of NGC MS70 2004 plats.... at well below melt. (at an auction)

GritsMan · July 29, 2007 12:48AM

Modern Coin Mart is selling a 2006 W MS-69 $50 for $1385 so I'd agree that yes, the market is soft on these right now. The big upward revision of mintages, I think, has hurt these in the short run--and the fact that anyone who really wants one probably already has one. I feel lucky I bought at the top of the market. My family motto is "Buy high, sell low"! But really, I think that long-term these are going to do very well and I plan to hold mine for my kids...

jmski52 · July 29, 2007 1:10AM

If you spend money, spend it on money... at least when you're done, you'll have money.

And this, my friends, is the main reason that I like Plats, AGEs and silver (in its many forms).

The Plat market is weak, but it is also thin. That means that price moves will be erratic, because the transactions are fewer. The biggest factor right now is that "loud sucking sound" from the direction of the U.S. Mint, draining liquidity from all directions. That could be bad, but could also be a good thing, when we look back a few years from now.

Hyperion · July 29, 2007 1:12AM

from my perspective, the only thing that seems to be true is: dont gamble with money you can't afford to lose

Raufus · July 29, 2007 1:49AM

Folks-
I was under the impression that the "big upward revision of mintages" were UNAUDITED figures. Is this correct? Some on the boards said that when the figures are finally resolved that the final mintage numbers should approach what they were before the revision. Does anyone have any info on this?
Thanks.

gemstatecoins · July 29, 2007 3:48AM

2006 W Platinum selling for PEANUTS!!!

Those are some VERY expensive peanuts still

puritan9 · July 29, 2007 5:50AM

Mine are safely in my safety deposit box, and they ain't going nowhere.

Rarity · July 29, 2007 5:58AM

Even after the big upward revision of mintages, numbers are still very low and I expect prices will recover after the big sell out of 2007 Plats. I bought my $100 2006-W Unc PCGS FS at a reasonable price and already put it away.

CoinMaster1229 · July 29, 2007 7:13AM

Hey,Hey,Hey!!! You guys should stop picking on me! Those are starting prices. get on E-bay & start bidding so they go for record prices. I need a little cash to buy some old hag jeffersons. I sent in 20 Martha & abigail for grading. but may not get them back in time to sell a few! However i am Keeping my (3) MS70 2006-W Platinum 4 Coin first strike sets, for the long term.

FatMan · July 29, 2007 7:25AM

<< I can't believe people are this desperate
to ruin the value of these coins! MORONS!!!! >>

How is listing coins in a public auction with a huge bidder pool ruining the value of coins. It seems to me it is establishing the real market value of the coins.

CC2GO · July 29, 2007 11:57PM

<< How is listing coins in a public auction with a huge bidder pool ruining the value of coins. It seems to me it is establishing the real market value of the coins. >>

Supply & Demand! The bidder pool is extremely shallow right now while supply is great since
sellers are unloading these like diarhea after a glass of colon blow so they can quickly acquire
cash for the next round of flips. The only ones buying these are the ones that have the money
to buy these at near melt value and put them away long term. The supply is getting greater
lowering the value instead of lower increasing the value.

dizzyfoxx · July 30, 2007 12:09AM

<< 

<< I can't believe people are this desperate
to ruin the value of these coins! MORONS!!!! >>

How is listing coins in a public auction with a huge bidder pool ruining the value of coins. It seems to me it is establishing the real market value of the coins. >>

100%

WinPitcher · July 30, 2007 12:14AM

I just love it when guys use an auction that has noit even ended yet to try and prove a point. Just because a coin is LISTED at below it's market high DOES NOT mean it will end there.

Want to prove to me your point? Show me some ENDED auctions that bare out these facts.

I saw a Mantle rookie card at .99 once too. It ended at 21k

Steve

TwoSides2aCoin · July 30, 2007 12:23AM

mhammerman · July 30, 2007 1:01AM

"If you spend money, spend it on money... at least when you're done, you'll have money."

Didn't Yogi Berra say that in '79?

kiyote · July 30, 2007 1:14AM

Thank heavens... I missed the boat the first time around and still need the 2006 W $50.

Rarity · August 2, 2007 3:54PM

$50 2006-W $1347

Wow, this is a very good price for a Plat with mintage of about 3,850

tightbudget · August 2, 2007 3:59PM

I get my peanuts for $2.99 a bag

TwoSides2aCoin · August 2, 2007 4:28PM

Goldbully · August 12, 2007 11:04AM

<< HOW LOW WILL THEY GO?
Link

And he's got a 2006w $10 MS69 for $595!

I can't believe people are this desperate
to ruin the value of these coins! MORONS!!!! >>

Tonight's was a bit Better $50 Plat

FLBuffaloHunter · August 12, 2007 11:08AM

Never mind I thought it was the 1 ounce coin.

Goldbully · August 12, 2007 11:18AM

<< Never mind I thought it was the 1 ounce coin. >>

FLBuff...I make that same mistake.

The Gold $50 is the top dog in the Gold series, while the $100 is king of the Plats!!

p.s. I love your video signature....is that guy flipping an expensive coin????

FLBuffaloHunter · August 12, 2007 11:29AM

It's one of 5 known 1913 Liberty Head nickles. The anchor was told before the show he could handle the 'props' but with care... Good for him he caugh it.

Fletcher · August 12, 2007 11:38AM

.

FLBuffaloHunter · August 12, 2007 11:44AM

<< I picked up a $50 last week just for fun: Link-O-Matic >>

I would have rather bought the MS70 for $1,650.

Goldbully · August 12, 2007 12:05PM

<< 

<< I picked up a $50 last week just for fun: Link-O-Matic >>

I would have rather bought the MS70 for $1,650. >>

2006 W Platinum selling for PEANUTS!!!

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