Who's buying these 2008 Platinum coins at these crazy prices?

GAT · July 24, 2008 9:38AM

I count myself out as I have already purchased the proofs and uncirculated versions. It's a crap shot as to when the Mint shuts off sales or issues 2009 coins.

TheRaven · July 24, 2008 10:14AM

(1) 1/10 oz proof for me
(1) 1/10 oz unc for me

GAT · July 24, 2008 10:25AM

Based upon the replies. I guess there really are only 23 members, 24 with me that are interested in platinum.

TheRaven · July 24, 2008 11:14AM

I do believe you are correct.

Roadgold · July 24, 2008 11:26AM

+1 ME complete NGC PF-70 $10 Proof Set and Burnished W MS-70 $10 set

coolest · July 24, 2008 11:42AM

<< <i>I count myself out as I have already purchased the proofs and uncirculated versions. It's a crap shot as to when the Mint shuts off sales or issues 2009 coins. >>

Why would they ever shut off sales?
They are still selling the 07 sets.

Raufus · July 24, 2008 11:45AM

bought tham all (proof and Unc.) already...

coinman420 · July 24, 2008 12:07PM

not at THOSE prices. 1oz proof = $2,509.95

melt = $1739.00

$770.95 above melt!!!

123cents · July 24, 2008 12:20PM

I am............. NOT!!!

richardshipp · July 24, 2008 12:22PM

<< <i>I am............. NOT!!! >>

TheRaven · July 24, 2008 12:26PM

I my opinion while melt is a factor, I don't consider it the only and most important factor with these coins.....

scottgardener · July 24, 2008 12:51PM

I was smart enough a few years back when I was otherwise living on a student's budget to buy a 1/4 oz. (Unc) platinum and a 1/2 oz. (Unc.) gold bullion coin each. They're from 1998 and 1997 respectively, and their values have about doubled. Given that the proof versions are only a little more, I'll probably do more of those, though if I'm going to buy bullion and throw in just a little more, from the gold end of the picture, I might as well go with pre-1933 and throw in numismatic interest as well. But, platinum pretty much requires going modern coinage unless you're fond of bricks. Not that it's an issue that crops up very often, mind you, since it's priced like, well, platinum.

kiyote · July 27, 2008 4:43AM

Just about to order a 2008 burnished unc, but it's a HUGE purchase for me that'll leave me without a coin budget for months. Someone commented only people with loads of cash can buy these things, it's not true. I'm gonna just have to cut my own hair and order from the value menu at McDonald's for the next few months.

FullStrike · July 27, 2008 4:49AM

<< <i> I'm gonna just have to cut my own hair and order from the value menu at McDonald's for the next few months. >>

You could carry cans of Tuna and packs of Crackers like I do.

NeoStar · July 27, 2008 11:51AM

Got's mine!!! I'll be living on Lean Pockets for the next 6 months!!!

puritan9 · July 27, 2008 12:14PM

I wasn't going to get the uncirculated coins this year because of the price. I finally decided to buy on e-Bay a 2008 W Platinum $50 PCGS MS69 First Strike. I just want to complete the three branches of our federal government with the coins that are easy to see the design. I am disappointed that it wasn't the owl.

jmski52 · July 27, 2008 12:37PM

The Mint is straying further and further away from my original justification in buying their bullion products - that justification was strictly an affordable product based on low and reasonable price spreads between the bullion melt price and the Mint's selling price.

They are turning me back in the other direction, from whence fc hath come.

One fine day, they will have gone too far.

TheRaven · July 27, 2008 12:44PM

When the bullion price is $1750+ an ounce it is hard to make it affordable for all.....

FullStrike · July 27, 2008 2:54PM

<< <i>When the bullion price is $1750+ an ounce it is hard to make it affordable for all..... >>

It's time.

Platinum plated Silver Eagles for the less enthusiastic buyers of the series.

Advantages over the plain Silver Eagles?

- Changing reverse designs

- no milk spots

ProofCollection · July 27, 2008 3:33PM

I bought 10th ouncers. Contemplating getting some 1/2 ouncers.

BECOKA · July 27, 2008 4:52PM

It's not that I'm not interested. I just have better things to spend my money on. I love the designs but the 1/10 ounce is too small and anything larger is quite expensive.

Tomohawk · July 27, 2008 9:45PM

Hey, Fullstrike...I would be a buyer (provided there was a significant amount of Platinum...say at least 10%).

And all kidding aside, your suggestion would be one way of increasing interest in Platinum coin sales. I don't think the problem is that people aren't interested in Platinum coins...I think right now it's just a rich man's playground for most items or for special occasions (wedding rings, anniversary stuff, etc.). Until the price comes back to $400/oz (ok, I'm dreaming), I think anything in pure platinum is going to move slowly.

As far as my interest...I'm VERY interested: Much like that little kid in The Christmas Story that drooled over the super cool BB gun...but I just don't have the $$ for these bad boys. I did buy the Anniversary set, but just could not afford to keep them (I know...pretty short leash!).

Guess I'll just keep drooling at the window, or pretending I'm one of the board members with a full collection (lucky-and rich-stiffs!!).

TheRaven · July 27, 2008 10:43PM

You just have to go without food for awhile then anybody can afford some platinum coins.....

puritan9 · July 27, 2008 10:49PM

I really hate to pay the price, but I do want one coin that I can see. I have sold platinum at a profit in the past few months, so I guess I am trying to justify it. If I don't get the coin, I might regret it in the future. Sometime down the roadI will sell my 70s from '06 & '07, but I will keep a set of 69s in $50. I just like the coin.

coasterfan · July 28, 2008 3:23AM

Maybe the collectible plats should be replaced by bimetallic, similar to the Library of Congress commemorative.

EricSan · July 28, 2008 5:09AM

I bought a proof and w-unc $50 for 2008. With the new pricing structure, the fall in metal value, and the general economic problems, I hope that no one buys any more of them...

It will be one of the few times I have put my hands on a key date without paying extra on the secondary market

Eric

RichR · July 28, 2008 5:16AM

Instead of the 2008 plats, I'd much rather prefer to order the 2007 10th aniversary set...but not for $800 over melt...that's just crazy overpriced!

TheRaven · July 28, 2008 5:22AM

That anniversary set is platinum coins without any real potential.....

TheRaven · July 29, 2008 11:07PM

I got my 1/10 oz proof and W unc platinum coins a little bit ago.....

Look great and really like the design.....

Now the mint just needs to stop selling them

Who's buying these 2008 Platinum coins at these crazy prices?

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