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what everyone thinks 2007 Platinum 10th anniversury set
nikolai
Posts: 8
PCGS Pr 70, 1/2 ounce platinum 2 coin set??
is this good collectors??
is this good collectors??
0
Comments
<< <i>I think its a dog and I'm pro plats. Actually its like a pretty cheerleader in High school. The object of every boys dream. A lot of fluff but little long term appreciation value. >>
Except if you get her pregnant, then you're stuck with her for life.
TANK! and I don't mean the thing that shoots stuff.
Too many positive BST transactions with too many members to list.
<< <i>
<< <i>I think its a dog and I'm pro plats. Actually its like a pretty cheerleader in High school. The object of every boys dream. A lot of fluff but little long term appreciation value. >>
Except if you get her pregnant, then you're stuck with her for life. >>
<< <i>
<< <i>I think its a dog and I'm pro plats. Actually its like a pretty cheerleader in High school. The object of every boys dream. A lot of fluff but little long term appreciation value. >>
Except if you get her pregnant, then you're stuck with her for life. >>
Yeah, but how can you be sure you got the First StrikeSM?
<< <i>
<< <i>I think its a dog and I'm pro plats. Actually its like a pretty cheerleader in High school. The object of every boys dream. A lot of fluff but little long term appreciation value. >>
Except if you get her pregnant, then you're stuck with her for life. >>
Talk about anticlimactic!
I find it amazing the 2007-w platinum half and quarter with their total struck mintages (around 4000) less than that of a $5 MS Jackie Robinson (a $4,000 coin) are overlooked while all this attention is on 30,000 mintage coins because of excessive interest in packaging. Would you rather have two 20,000+ mintage changing reverse platinum halves or two changing reverse platinum halves with 2600 and 4000 mintages respectively for 2006-w and 2007-w thus starting off your complete set?
For those of you interested in coins and can hold an issue for more than five minutes take the time to look through your Red Book and study the moderns and classic commem sections. Look at the mintage ranges and relative rarity of the coins in their series. Just that simple study is enough to keep us from following the lemmings and their leaders off into the sea.
Wisdom is justified by all her children.
If she's got a sticker, then you can be sure she's nice for the grade, with only a few slight rubs, here and there.
I knew it would happen.
<< <i>Yeah, but how can you be sure you got the First StrikeSM?
If she's got a sticker, then you can be sure she's nice for the grade, with only a few slight rubs, here and there.
What??? how did she get sticky?
<< <i> I find it amazing the 2007-w platinum half and quarter with their total struck mintages less than that of a $5 MS Jackie Robinson (a $4,000 coin) are overlooked while all this attention is on 30,000 mintage coins because of excessive interest in packaging. >>
I think a lot of people were duped into buying the plat set because the silver and gold sets were home runs, hoping for a hat trick by the Mint.
<< <i>
<< <i>
I find it amazing the 2007-w platinum half and quarter with their total struck mintages less than that of a $5 MS Jackie Robinson (a $4,000 coin) are overlooked while all this attention is on 30,000 mintage coins because of excessive interest in packaging.
>>
I think a lot of people were duped into buying the plat set because the silver and gold sets were home runs, hoping for a hat trick by the Mint. >>
They listened to the Hypemasters and like a Buffalo Stampede, acted like lemmings.
Box of 20
on this set. The high price, the large mintage and the
limited base were too much to overcome. After the first
week of 15,000 orders, the returns started to flow in.
The high risk of late delivery coins being returned, cherry picked
for 70s, reduced the odds of receiving a winner. While this has not
been a total loser, it was not the bell ringer that some of us
thought it would be. While time may be kind to this set, the
cost makes it difficult to stock pile thiese coins for future appreciation.
Camelot
<< <i>This board has known for months that the plat halves in the anniversary set are going to be the most common dogs in the whole changing reverse plat history. We know from the $5 gold commems and $10 gold commems that anything over 10,000 coins is going to trade for just over melt for a long time. The first few First Hags with 20,000 mintages were in trouble from the start and it was obvious. Stick with the basics.
I find it amazing the 2007-w platinum half and quarter with their total struck mintages (around 4000) less than that of a $5 MS Jackie Robinson (a $4,000 coin) are overlooked while all this attention is on 30,000 mintage coins because of excessive interest in packaging. Would you rather have two 20,000+ mintage changing reverse platinum halves or two changing reverse platinum halves with 2600 and 4000 mintages respectively for 2006-w and 2007-w thus starting off your complete set?
For those of you interested in coins and can hold an issue for more than five minutes take the time to look through your Red Book and study the moderns and classic commem sections. Look at the mintage ranges and relative rarity of the coins in their series. Just that simple study is enough to keep us from following the lemmings and their leaders off into the sea.
Wisdom is justified by all her children. >>
you did a nice job there IMHO
Go BIG or GO HOME. ©Bill
<< <i>I think you guys are wrong. Just because of the pop you cannot judge a coin since popularity of a coin/set can trigger some awesome aftermarket prices. >>
Shhh... Don't tell them that you will cloud their coin crystal ball. Hard to believe anybody would consider a high profile coin grading over 50% in a 70 a loser but that is just me
<< <i>This board has known for months that the plat halves in the anniversary set are going to be the most common dogs in the whole changing reverse plat history. We know from the $5 gold commems and $10 gold commems that anything over 10,000 coins is going to trade for just over melt for a long time. The first few First Hags with 20,000 mintages were in trouble from the start and it was obvious. Stick with the basics.
I find it amazing the 2007-w platinum half and quarter with their total struck mintages (around 4000) less than that of a $5 MS Jackie Robinson (a $4,000 coin) are overlooked while all this attention is on 30,000 mintage coins because of excessive interest in packaging. Would you rather have two 20,000+ mintage changing reverse platinum halves or two changing reverse platinum halves with 2600 and 4000 mintages respectively for 2006-w and 2007-w thus starting off your complete set?
For those of you interested in coins and can hold an issue for more than five minutes take the time to look through your Red Book and study the moderns and classic commem sections. Look at the mintage ranges and relative rarity of the coins in their series. Just that simple study is enough to keep us from following the lemmings and their leaders off into the sea.
Wisdom is justified by all her children. >>
I suppose that would make every Proof gold commemorative the Mint has ever made a dog in your book since they all have a mintage higher than 20,000. Sorry to tell you but is definetly not the case. 95% of bullion ultra-moderns in a 69 or less will trade around spot price or less including your low minatge Proof plats with few exceptions.
<< <i>I think you guys are wrong. Just because of the pop you cannot judge a coin since popularity of a coin/set can trigger some awesome aftermarket prices >>
1. Just look at the 2001 Buffalo commemorative dollar with a mintage of 250,000 X2 = 500,000 and bids for $185/$170 way over the $35 issue price.
2. Every collector who owns the gold and silver reverse proof anniversary sets needs the platinum anniversary set to complete their collection.
3. The 1997-P matte proof nickel set has the same about mintage as the platinum anniversary set and bids for $185 way over issue price.
4. The matte proof 1998-S half set bids at $240, issue price was around $59 and has double the mintage of the platinum anniversary set.
Just wait until the aftermarket rules. jmo
l think the theory is simply that lower mintage coins historically do better than higher mintage ones. With gold commemoratives, the Jackie Robinson $5 uncirculated gold coin is a good example of the effect a low mintage can have on secondary market price.
Platinums are a little trickier, because they don't have the large and established collector base that gold coins enjoy. There are a lot of theories as to why this is--some think it's because platinum is "silver-colored" so doesn't differentiate itself to collectors, or because platinum coins aren't widely known about even among collectors or because platinum never circulated so has no emotional appeal to collectors, or because it's too darn expensive for most collectors to afford.
The fact is, there isn't a large enough collector base to absorb 30,000 anniversary sets, and the Mint showed its lack of understanding of the market- or just that it didn't care- in setting the number so high. I expect we'll end up with something under 20,000 when the dust settles on sales/returns. Compare those numbers to recent sales on 2007 w uncirculated platinum coins, or 2007 w proof platinums. If you want to buy an anniversary set because you are a collector or because you like them, by all means, do so. I did. However, if you are buying with the hope to turn a profit, there are other coins in the platinum family that are more likely to be profitable - coins that will also rise (or fall) with bullion, but will have the added benefit of relative scarcity.
Based on past sales, we can surmise that there are more $10 collectors than $25-$100 collectors. On the proofs, the collector base is probably around 6,000. On the uncirculated w coins it's really too soon to tell, though from 2006 and 2007 we know it's substantially less than the platinum proof collectors, maybe 3,500.
The platinum collector base fluctuates based on the economy as a whole, the spot price of platinum, new entrants to the market, collectors leaving the market, etc. Some of us think that the platinum market - especially the uncirculated w coins - is immature, and that as word gets out new entrants will boost demand. It's a reasonably safe bet, since the mintages are so low that it would be hard for demand to go down (though rising bullion price acts as a barrier to entry for new collectors). Now, the anniversary set might have some cross-appeal to reverse proof collectors, but even if that proves true (and it isn't certain that it will) there still won't be demand sufficient to drive prices up on a set with a mintage over 10,000.
<< <i> I suppose that would make every Proof gold commemorative the Mint has ever made a dog in your book since they all have a mintage higher than 20,000. Sorry to tell you but is definetly not the case.
l think the theory is simply that lower mintage coins historically do better than higher mintage ones. With gold commemoratives, the Jackie Robinson $5 uncirculated gold coin is a good example of the effect a low mintage can have on secondary market price.
Platinums are a little trickier, because they don't have the large and established collector base that gold coins enjoy. There are a lot of theories as to why this is--some think it's because platinum is "silver-colored" so doesn't differentiate itself to collectors, or because platinum coins aren't widely known about even among collectors or because platinum never circulated so has no emotional appeal to collectors, or because it's too darn expensive for most collectors to afford.
The fact is, there isn't a large enough collector base to absorb 30,000 anniversary sets, and the Mint showed its lack of understanding of the market- or just that it didn't care- in setting the number so high. I expect we'll end up with something under 20,000 when the dust settles on sales/returns. Compare those numbers to recent sales on 2007 w uncirculated platinum coins, or 2007 w proof platinums. If you want to buy an anniversary set because you are a collector or because you like them, by all means, do so. I did. However, if you are buying with the hope to turn a profit, there are other coins in the platinum family that are more likely to be profitable - coins that will also rise (or fall) with bullion, but will have the added benefit of relative scarcity.
Based on past sales, we can surmise that there are more $10 collectors than $25-$100 collectors. On the proofs, the collector base is probably around 6,000. On the uncirculated w coins it's really too soon to tell, though from 2006 and 2007 we know it's substantially less than the platinum proof collectors, maybe 3,500.
The platinum collector base fluctuates based on the economy as a whole, the spot price of platinum, new entrants to the market, collectors leaving the market, etc. Some of us think that the platinum market - especially the uncirculated w coins - is immature, and that as word gets out new entrants will boost demand. It's a reasonably safe bet, since the mintages are so low that it would be hard for demand to go down (though rising bullion price acts as a barrier to entry for new collectors). Now, the anniversary set might have some cross-appeal to reverse proof collectors, but even if that proves true (and it isn't certain that it will) there still won't be demand sufficient to drive prices up on a set with a mintage over 10,000. >>
Mintage is not the only factor determing value. There are plenty of low mintage coins that are not worth much over their spot price. Then there are high minatge coins with broad appeal like the 2001 Buffalo or silver eagles that bring up to 250x their intrinsic metal value in top grade. Desirability and design appeal is also important. IMO, the 10th anniversary set ranks high on both of those factors even more so for a PCGS First StrikeSM graded set. Given current 70 ratio odds, the minatge level is not as much a factor since a PCGS First StrikeSM 70 graded coin will be the most sought after of the anniversary coins and with the unusually high 70 ratio (which is similar to the AGE Reverse Proof) and the limited First StrikeSM 10th anniversary population it makes them a good play IMO.
<< <i>
<< <i> I suppose that would make every Proof gold commemorative the Mint has ever made a dog in your book since they all have a mintage higher than 20,000. Sorry to tell you but is definetly not the case.
l think the theory is simply that lower mintage coins historically do better than higher mintage ones. With gold commemoratives, the Jackie Robinson $5 uncirculated gold coin is a good example of the effect a low mintage can have on secondary market price.
Platinums are a little trickier, because they don't have the large and established collector base that gold coins enjoy. There are a lot of theories as to why this is--some think it's because platinum is "silver-colored" so doesn't differentiate itself to collectors, or because platinum coins aren't widely known about even among collectors or because platinum never circulated so has no emotional appeal to collectors, or because it's too darn expensive for most collectors to afford.
The fact is, there isn't a large enough collector base to absorb 30,000 anniversary sets, and the Mint showed its lack of understanding of the market- or just that it didn't care- in setting the number so high. I expect we'll end up with something under 20,000 when the dust settles on sales/returns. Compare those numbers to recent sales on 2007 w uncirculated platinum coins, or 2007 w proof platinums. If you want to buy an anniversary set because you are a collector or because you like them, by all means, do so. I did. However, if you are buying with the hope to turn a profit, there are other coins in the platinum family that are more likely to be profitable - coins that will also rise (or fall) with bullion, but will have the added benefit of relative scarcity.
Based on past sales, we can surmise that there are more $10 collectors than $25-$100 collectors. On the proofs, the collector base is probably around 6,000. On the uncirculated w coins it's really too soon to tell, though from 2006 and 2007 we know it's substantially less than the platinum proof collectors, maybe 3,500.
The platinum collector base fluctuates based on the economy as a whole, the spot price of platinum, new entrants to the market, collectors leaving the market, etc. Some of us think that the platinum market - especially the uncirculated w coins - is immature, and that as word gets out new entrants will boost demand. It's a reasonably safe bet, since the mintages are so low that it would be hard for demand to go down (though rising bullion price acts as a barrier to entry for new collectors). Now, the anniversary set might have some cross-appeal to reverse proof collectors, but even if that proves true (and it isn't certain that it will) there still won't be demand sufficient to drive prices up on a set with a mintage over 10,000. >>
Mintage is not the only factor determing value. There are plenty of low mintage coins that are not worth much over their spot price. Then there are high minatge coins with broad appeal like the 2001 Buffalo or silver eagles that bring up to 250x their intrinsic metal value in top grade. Desirability and design appeal is also important. IMO, the 10th anniversary set ranks high on both of those factors even more so for a PCGS First StrikeSM graded set. Given current 70 ratio odds, the minatge level is not as much a factor since a PCGS First StrikeSM 70 graded coin will be the most sought after of the anniversary coins and with the unusually high 70 ratio (which is similar to the AGE Reverse Proof) and the limited First StrikeSM 10th anniversary population it makes them a good play IMO. >>
FBH, I'm a little confused by your statement that a high 70 ratio makes them a good play. if there is an abundance of 70's available, wouldn't that relegate them to widget status?. If these had a low grade thru rate on the 70's then I think a 70 set might be a good play. But if the 50% grade thru rate holds, then there will just be to many of these available for the existing collector base, thus resulting in lower values.
I like the RP (very much) in spite of the various negative commentaries, but I also agree with nycounsel and ericj that there are many other Plats that represent much better profit opportunities.
The Gold AGE RP stands to gain alot more than the Plat RP, simply from the standpoint of mintage vs. size of the collector base.
The Mint blew it. Nothing can change that fact.
I knew it would happen.
<< <i>FBH, I'm a little confused by your statement that a high 70 ratio makes them a good play. if there is an abundance of 70's available, wouldn't that relegate them to widget status?. If these had a low grade thru rate on the 70's then I think a 70 set might be a good play. But if the 50% grade thru rate holds, then there will just be to many of these available for the existing collector base, thus resulting in lower values. >>
Since 95% of ultra modern bullion issues in a 69 or less means a losing proposition in terms of resale value, a 50% 70 ratio on a high profile coin means you have a good chance at coming out ahead. If the 70 ratio for both coins was more like the Proof coin, at 25% it would be much harder to get a 70 and in turn a better chance at losing money. IMO, the First StrikeSM designated sets will be fewer than 2,000 coins which at the current 50% 70 ratio would equal 1,000 First StrikeSM Reverse Proofs in a 70. IMO, a high profile coin with a 50% 70 ratio (that equals almost paying for the whole set) doesen't sound like a bad proposition to me as far as ultra moderns go. Then you also have the Proof coin which since it is not grading as well means it will be in shorter supply for the 70's and may wind up being the key to the perfect 10th anniversary set. Add those two and it sounds like alot of upside and given the rising value of bullion, very little downside IMO.
You may not be looking through the same Red Book I am but all the 20,000 plus mintage proof gold commems are in fact dogs compared to the Unc $5 commems with mintages less than 10,000 coins. They sold for the same money when they were new. If you have limited funds run with coins that have low mintages relative to their siblings and you want keys that are in series with massive total populations ideally. I am talking about general rules that will keep people out of the First hag & Platinum hag ditch. I am going to love bringing this topic back up in 1 year.
Stong keys do not have to be MS or Proof 70 to carry strong prices above melt after they have had some time to mature.
Lets think of some coins that fit these rules and have at least 3 years behind them so the flippers are out if the picture.
Jackie $ MS 5000 coins
Capital V Center 6000 coins
BI Metalic 6000 coins
2004 proof plat $100 6000 coins
2004 proof plat half 5000 coins
2004 proof plat quarter 5000 coins
2004 proof plat tenth 7000 coins
2005 proof plat half 6000 coins
etc
etc
etc
Bottom line is if you focus most of your efforts on coins with low mintages even in 69 they are worth multiples of melt and issue price. Coins with issue prices over about $400 and mintages well over 10,000 without massive series pops to help drive them are going to be relative dogs.
May your high mintage slabs with flags be in the running for 100 year royal coinage but I doubt it. I think I will stick with high population series with very tight keys and type coins with mintages under 10,000 in silver gold or platinum when ever I am buying duplicates beyond my base set needs.
<< <i>I think the Lady liberty on the new plat coin set looks like Paris Hilton ready to pout. >>
I think Lady Liberty on the Morgan dollar looks like a dude in drag.... and on a Barber coin she just looks like a dude.
<< <i>I think its a dog and I'm pro plats. Actually its like a pretty cheerleader in High school. The object of every boys dream. A lot of fluff but little long term appreciation value. >>
Watch it big boy, what fluff you talking about the girl or the boy?
<< <i>Bottom line is if you focus most of your efforts on coins with low mintages even in 69 they are worth multiples of melt and issue price. Coins with issue prices over about $400 and mintages well over 10,000 without massive series pops to help drive them are going to be relative dogs.
May your high mintage slabs with flags be in the running for 100 year royal coinage but I doubt it. I think I will stick with high population series with very tight keys and type coins with mintages under 10,000 in silver gold or platinum when ever I am buying duplicates beyond my base set needs. >>
<< <i>We know from the $5 gold commems and $10 gold commems that anything over 10,000 coins is going to trade for just over melt for a long time. >>
The great majority of the Proof plat series trades for around melt in a 69 despite having a relativly low mintage compared to the gold commemorative issues. Commemorative gold issues don't need to be lower than 10,000 to sell for multiples of melt either.
2008 Red Book:
1996-W Smithsonian $5 Proof (21,772) $625
1997-W Jackie Robinson $5 Proof (24,072) $950
1997-W Franklin D Roosevelt $5 Proof (29,474) $500
2000-W Library of Congress $5 Proof (27,445) $1,200
<< <i>
<< <i>I think the Lady liberty on the new plat coin set looks like Paris Hilton ready to pout. >>
I think Lady Liberty on the Morgan dollar looks like a dude in drag.... and on a Barber coin she just looks like a dude. >>
The mouth on Lady Liberty on the Morgan screams Sylvester Stallone don't you think? Otherwise the rest is fine.
I originally thought the barber liberty was a dude.
Though I collect AGEs and to a lesser extent ASEs, I've never purchased plats. The primary reason is I just can't get over how absurd lady Liberty looks, kind of a cartoonish depiction in my opinion. However, I considered buying the 10th anniversary set if the mintage had been considerably lower, which may have started me off.
Fivecents: (to your second point) Though I have the other two reverse proofs, I have no interest in adding the plat to my collection, unless I pick one up at melt or below in a very soft market for precious metals.
<< <i>If you think the aftermarket on the 10Plats is soft now, can you imagine what this would look like if precious metals weakened substantially!
Though I collect AGEs and to a lesser extent ASEs, I've never purchased plats. The primary reason is I just can't get over how absurd lady Liberty looks, kind of a cartoonish depiction in my opinion. However, I considered buying the 10th anniversary set if the mintage had been considerably lower, which may have started me off.
Fivecents: (to your second point) Though I have the other two reverse proofs, I have no interest in adding the plat to my collection, unless I pick one up at melt or below in a very soft market for precious metals. >>
I was reluctant to become a platinum collector primarily because of its obverse - having a look kinda cartoonish - but upon examination in hand, the UNC platinum shows a much better looking though. But the coin could have been more desirable if US Mint uses the obverse of Miss Liberty similar to that of the 1988 Olympic $5 gold coin.
I have a question for the Platinum collector:
Is the $50 platinum coin having the same size and thickness as the first spouse $10 gold - 26.7mm in diameter ?
Actually it is the greek goddess Nike (with a liberty ribbon stuck in her hair for good measure) on the obverse of the '88 $5
That being said I think that obverse is the nicest one I've seen on a US coin. Ms Jones created a classic with that one. One of my favorite coins.
1997-W Jackie Robinson $5 Proof (24,072) $950
1997-W Franklin D Roosevelt $5 Proof (29,474) $500
2000-W Library of Congress $5 Proof (27,445) $1,200
I guess we should re-visit this question in 2018, when the low-mintage Plats have got 10 years behind them!!
I knew it would happen.
It's water under the bridge now.
Cheers.
<< <i>1996-W Smithsonian $5 Proof (21,772) $625
1997-W Jackie Robinson $5 Proof (24,072) $950
1997-W Franklin D Roosevelt $5 Proof (29,474) $500
2000-W Library of Congress $5 Proof (27,445) $1,200
I guess we should re-visit this question in 2018, when the low-mintage Plats have got 10 years behind them!!
Perhaps, but the current market trend for Proof plats is the great majority sell for close to spot in a 69.
This observation seems to undermine your position.
The 2007 anniversary set has a much higher mintage cap, and with going on 20,000 sets sold, we're looking a much higher mintages than years of data establish is the current platinum collector base. Platinum coins with mintages of 8,000 are treated as "common" and, as you observe, sell for melt. Even if a bunch of non-platinum collectors are interested in these sets because of the reverse proof, it still seems unlikely that we're going to end up with demand exceeding supply. 69s will go at melt. 70s might sell for a premium, but that premium is already dropping on the seondary market.
I'm about as big a sucker for platinum as there is, so this is not an anti-platinum sentiment from me. As a collector, I purchased 2 sets at $1950 each (knowing they are not the best investment). I submitted those to PCGS for all the stickers and flags. That's another $250. Transaction costs on ebay to resell, with paypal, is another $200. So my breakeven on 2 sets is $4350, not including the time value of my $4150 between acquisition and sale.
A recent 69 set sold for $1984, ebay 120208653784.
A recent 70 set sold for $2918, ebay 250204753173
So let's say you buy a set.
If you are unlucky, it comes back 69, resell for $1950, and are out of pocket grading fees and transaction costs, a loss of around $250. There's another $400 or so in potential downside should 69s drop below issue price to melt.
If you are lucky, it comes back 70, resell for $2950, minus grading fees and transaction costs, a profit (before tax) of $700.
Of course, the resale of a 70 set isn't set is stone, all I know is that for now is that it is trending down.
Extrapolate this out as an investment. You buy 10 sets and submit them at a cost of about 20,800. you are reasonably lucky, half come back 70. you sell them all at recent sale price. 1984+2918/2= 2451 *10 *.95 = $23,285 - 20,800 = $2,485 profit. subtract out the holding cost of $20,800 for 2 months or so, at 5%, that's another $175 off the top. So if everything stays the same, you're looking at a 10% upside. Not terrible, but for that kind of investment of time and money, not the easiest flip.
If you are unlucky, and you get less than 1/2 70s, or the resale prices keep falling... well, you get the idea.
<< <i>
<< <i>Bottom line is if you focus most of your efforts on coins with low mintages even in 69 they are worth multiples of melt and issue price. Coins with issue prices over about $400 and mintages well over 10,000 without massive series pops to help drive them are going to be relative dogs.
May your high mintage slabs with flags be in the running for 100 year royal coinage but I doubt it. I think I will stick with high population series with very tight keys and type coins with mintages under 10,000 in silver gold or platinum when ever I am buying duplicates beyond my base set needs. >>
<< <i>We know from the $5 gold commems and $10 gold commems that anything over 10,000 coins is going to trade for just over melt for a long time. >>
The great majority of the Proof plat series trades for around melt in a 69 despite having a relativly low mintage compared to the gold commemorative issues. Commemorative gold issues don't need to be lower than 10,000 to sell for multiples of melt either.
2008 Red Book:
1996-W Smithsonian $5 Proof (21,772) $625
1997-W Jackie Robinson $5 Proof (24,072) $950
1997-W Franklin D Roosevelt $5 Proof (29,474) $500
2000-W Library of Congress $5 Proof (27,445) $1,200 >>
Right but if you spent the same money in the same year of issue on the coins with mintages in the 10,000 and less mintage range you would have been WAY WAY ahead of the higher mintage coins. The higher mintage coins do not perform as well as the lower mintage coins as they mature. Granted one series has larger total pops and resulting collector bases than other series do. Thats not the issue. Rarity in the series in question is the issue. Take the blinders off.
FBH I have little doubt you have a load of 20,000 mintage Adams and Washington first hags and more than likely multiple sets of the most common changing reverse plats ever struck and I wish you good luck with them because you are and the people that listen to you are going to need it.
Ericj96
<< <i>Right but if you spent the same money in the same year of issue on the coins with mintages in the 10,000 and less mintage range you would have been WAY WAY ahead of the higher mintage coins. The higher mintage coins do not perform as well as the lower mintage coins as they mature. Granted one series has larger total pops and resulting collector bases than other series do. Thats not the issue. Rarity in the series in question is the issue. Take the blinders off.
FBH I have little doubt you have a load of 20,000 mintage Adams and Washington first hags and more than likely multiple sets of the most common changing reverse plats ever struck and I wish you good luck with them because you are and the people that listen to you are going to need it.
Ericj96 >>
Your analysis on the platinum issues relies on the collector base growing, wether that happens or not is to be seen. What I do know is, at 20,000 the First Spouse in Proof are among the lowest mintage gold series of any coins the Mint has ever struck and also the lowest mintage Proof gold commemoratives ever. If future First Spouse issues would result in a non-sellout and a mintage of fewer than 20,000 Proofs that would also result in them being the keys to the series which is already based on some the lowest mintage gold designs the Mint has ever produced and have the distinction of being the first changing reverse series struck in pure gold which collectors prefer and also being the first series hononring women. Since the series has just begun, you have the chance of putting together a perfect set of the lowest mintage Proofs the Mint has ever offered at Mint cost plus grading. There is no question the First Spouse Proofs are lowest minatge coins of their type and I for one think the entire set in it's highest grade will go for much more than your cost from Mint plus grading as they do now.
1,000 Gold spouse coins are now a couple lovely gold bars. How many more of these 500-1,000 coin "melts" might it take for these coins to become "scarce" one day? My guess is not for 5-10 years at least, but, no telling how many of these coins will be melted if gold breaks $1,000 oz.
Which isn't to say I am stocking up on the spouse coins. But, I know HOW these coins might become highly prized coins one day. Whether that happens or not - anyone's guess.
Wondercoin
<< <i>1,000 Gold spouse coins are now a couple lovely gold bars. How many more of these 500-1,000 coin "melts" might it take for these coins to become "scarce" one day? My guess is not for 5-10 years at least, but, no telling how many of these coins will be melted if gold breaks $1,000 oz. >>
Wow...The problem is, I don't want to wait 5-10 years. Take a hit now? or wait & see? BTW what is the % of markdown paid for gold going to the "cooking pot?"
<< <i>The "inside word":
1,000 Gold spouse coins are now a couple lovely gold bars. How many more of these 500-1,000 coin "melts" might it take for these coins to become "scarce" one day? My guess is not for 5-10 years at least, but, no telling how many of these coins will be melted if gold breaks $1,000 oz.
Which isn't to say I am stocking up on the spouse coins. But, I know HOW these coins might become highly prized coins one day. Whether that happens or not - anyone's guess.
Wondercoin >>
Going by prices realized for First Strike Proof 70 First Spouse issues they are already scarce relative to their demand in top grade. I doubt anybody is melting First StrikeSM 70's though