Here it is folks, latest Mint Stats on those 2008-W Plats
Goldbully
Posts: 17,944 ✭✭✭✭✭
2115 1/4ozers and counting.......higher than I thought!!!
1/2 oz. a sleeper here???
Man, this forum probably accounts for 25% of those buys!!!!!
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Mint Stats: Focus Intense on Platinum 'W' Fractionals
By David C. Harper, Numismatic News
October 30, 2008
Online comments indicate intense focus on the uncirculated "W" fractional platinum mintages. The totals are still small, but some of them went up a lot in percentage terms. The tenth ounce is off sale.
NN Link
1/2 oz. a sleeper here???
Man, this forum probably accounts for 25% of those buys!!!!!
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Mint Stats: Focus Intense on Platinum 'W' Fractionals
By David C. Harper, Numismatic News
October 30, 2008
Online comments indicate intense focus on the uncirculated "W" fractional platinum mintages. The totals are still small, but some of them went up a lot in percentage terms. The tenth ounce is off sale.
NN Link
0
Comments
San Diego, CA
Don't forget to add the 4-coin sets. That puts the 1/4ozers at 3,168 total mintage. At this point, the unc plat oz looks like it's got the lowest mintage at 1,379. Just my 2c.
Edited to add: when will the mint stop sales of these?
<< <i>Win or lose, I like the design. But so far my 4pc unc set looks like a winner. >>
I love the design also!!!!!
<< <i>2115 1/4ozers and counting......
Don't forget to add the 4-coin sets. That puts the 1/4ozers at 3,168 total mintage. At this point, the unc plat oz looks like it's got the lowest mintage at 1,379. Just my 2c.
Edited to add: when will the mint stop sales of these? >>
1/4's unc numbers are highly suspect
<< <i>wait a few more weeks for more numbers
1/4's unc numbers are highly suspect >>
I agree ... the 1/4's unc. don't take into account the hundreds that have been returned....
What was platinum in February of this year? $1800? Today its at $800+ and dropping.
The name is LEE!
<< <i>
<< <i>wait a few more weeks for more numbers
1/4's unc numbers are highly suspect >>
I agree ... the 1/4's unc. don't take into account the hundreds that have been returned.... >>
Make that hundreds plus two............
I just sent both of mine back for a refund.
Both examples had the defect on the elbow .
I will not pay a premium for defective bullion !
Dan
<< <i>
<< <i>
<< <i>wait a few more weeks for more numbers
1/4's unc numbers are highly suspect >>
I agree ... the 1/4's unc. don't take into account the hundreds that have been returned.... >>
Make that hundreds plus two............
I just sent both of mine back for a refund.
Both examples had the defect on the elbow .
I will not pay a premium for defective bullion !
I agree with you totally.
Especially defective PLATINUM bullion!!
I'ts amazing how many folks have the elbow gouge on their 1/4ozers.
Where was the Mint's QC????!!!!!!
Here's my four that went back!!!!!!
The name is LEE!
<< <i>You suppose she had a tennis elbow operation?
I had that operstion. It's called an "elbow release."
My scar is on my left elbow and looks just like hers!!!
If those numbers do a huge about face (just remember, processing returns takes more than a week or two - you wont see sales numbers adjusted downwards for returns probably until two weeks passes)
23 more days........to go for returns
if you have weak hands, do what you have to..........
you might be sorry you did..........
<< <i>1/4 mintage is HIGHLY suspect
If those numbers do a huge about face (just remember, processing returns takes more than a week or two - you wont see sales numbers adjusted downwards for returns probably until two weeks passes)
23 more days........to go for returns
if you have weak hands, do what you have to..........
you might be sorry you did.......... >>
All the numbers are HIGHLY suspect!
Also, with so few coins minted (less than 10,000 for sure) why are there so many defective coins.
The question is can they fill them with real coins?
Eric Jordan
I know mine were rec'd by the Mint on Thursday, Oct. 30th per USPS.
<< <i>Blue, most of the quarter "w" plats shown are back orders. About 1350 are back orders.
The question is can they fill them with real coins?
Eric Jordan >>
They will fill the backorders with "Obama Phenoma" coins. The redistributed ones.
<< <i>While most everyone seems to be concentrating on the unc. .. some of the proofs have a possibility for key dates. >>
The Proofs always stay on sale much longer. When the uncs are gone then the Proofs will start to sell. Still the Proofs are probably a very smart buy.
<< <i>At $400 over spot for the unc and $500 over spot for the proof, I guess I'm just not seeing this as these seem like a HUGE risk. Especially given the volitility of the bullion market lately.
What was platinum in February of this year? $1800? Today its at $800+ and dropping. >>
But still no coins are available anywhere near the spot price, and they are still selling. So that indicates the risk is much less than it appears.
Anyone making this argument should never buy anything from the Mint.
I had two of them - kept one and returned one. If you had asked me sooner, I'd have sold it to you.
You never know - the tennis elbow strike-through gal could be worth something someday!
I knew it would happen.
<< <i>What was platinum in February of this year? $1800? Today its at $800+ and dropping.
Anyone making this argument should never buy anything from the Mint. >>
Really now?
Does this comment include Clad Proof Sets?
Presidential Proofs?
Maybe Direct Ship Mint Rolls?
How about Silver Proof Sets? Can I buy those?
Or perhaps this means I should never buy "Platinum" Bullion from the US Mint at their inflated prices?
The name is LEE!
<< <i>Has anyone gotten email confirmation from the Mint that they rec'd your returned plats???
I know mine were rec'd by the Mint on Thursday, Oct. 30th per USPS. >>
Just in:
Order #: 30206xxx - 1 Order Date: 10/17/08
Sold To: GB
Ship To: GB
Date Returned: 11/03/08
Amount Credited : 1599.75-
Tracking ID
7710549961590981xxxx
29565550715627xxx
Items included in this return:
1. 2008 AE PLAT UNC MM 1/4 OZ (T8C) Qty : 5
<< <i>Mint has moved the ship date of the 1/2 ouncers to 11/18 now. >>
Just checked.....1/2 oz. still available.
The original backorder date for 1/4's was 11/4. Today. 1500 more coins sold that first week to be delivered this week (based on original backorder dates).
I have heard of NO delivery of 1/4 unc-w's where the order was placed AFTER backorder date on 10/20 - to be delivered today. In fact, several buyers I know personally placed orders at the time backorder was announced and havent received ANYTHING.
The date keeps getting pushed. Think about it.
Anyone making this argument should never buy anything from the Mint. >>
Really now?
Does this comment include Clad Proof Sets?
Presidential Proofs?
Maybe Direct Ship Mint Rolls?
How about Silver Proof Sets? Can I buy those?
Or perhaps this means I should never buy "Platinum" Bullion from the US Mint at their inflated prices?
The comment applies to all Mint products.
The Mint charges a big premium over melt/actual value for pretty much every coin and product it sells.
The complaint you make about inflated prices for platinum may be your opinion, but it is not out of line compared to any Mint product. The current 4 coin set issue price on platinums amounts to about $1200/ounce when bullion is at about $800.
This is not only well within the ratio of other Mint products, it's actually less than what the same coins sold for in 2004 when melt was in the same range it is now.
The issue prices from 2004: 1oz: $1,345, 1/2: $735, 1/4: $410, 1/10: $210, set: $2,495
As for the other coins you listed:
The issue price of a 4 coin Presidential Proof Set: $14.95. Melt value? basically $0. Dollar value?: $4. Markup over base value: about 300%
The issue price of a Silver Eagle Unc or Proof Coin: $24.95 - 31.95. Melt value? about $10. Markup over melt: about 200%
Issue price of a 4 coin platinum set: $2220. Melt value at current spot $830/oz: $1535. Premium to melt: 45%
Issue price of a 4 coin gold unc set: $2040. Melt value at current spot $750/oz: $1388. premium to melt: 47%
So if you're complaining about an issue price 50% higher than melt for platinums, yes, my comment is that you should avoid buying anything from the Mint, since almost anything they sell comes at a premium to melt much higher than that.
<< <i>The date has been moved out to 11/19 on 1/4's. Hmmm.
The original backorder date for 1/4's was 11/4. Today. 1500 more coins sold that first week to be delivered this week (based on original backorder dates).
I have heard of NO delivery of 1/4 unc-w's where the order was placed AFTER backorder date on 10/20 - to be delivered today. In fact, several buyers I know personally placed orders at the time backorder was announced and havent received ANYTHING.
The date keeps getting pushed. Think about it. >>
I am not sure what this means but one of my b/o's got filled on the 29th and one that is 33 numbers after is still b/o.
San Diego, CA
was it the evening of the 20th?
I know of 50 piece orders placed around 6-7pm on the 20th not filled yet.
They are what they are. Maybe they'll be adjusted downwards, but the reaction of speculators to return makes sense-- they were hoping the numbers would be lower than 2006 w figures (2676), and the sales figures so far indicate that won't be the case.
The reported sales figures were approaching 3,200, and that was while the $25 are still available in 4 coin sets and backordered on singles. Even if those singles backorders are not filled-- or, as is more likely, eventually filled from returned coins from early bulk buyers-- the numbers are going to come in higher than 2006 ws. Even if the sales figures we last received were over by 500 coins, that still puts us at 2006 w levels, with 4 coin set sales adding to that figure.
Now, I agree, the $25 sales were not only surprisingly high, but confusingly so when compared to the $10 figures, since those were pulled as "no longer available" at a point substantially lower than 2007 w $10 sales -- it's unclear why the Mint would have made proportionally fewer $10 singles when it has always outsold the $25s. So yes, it's confusing and a surprise, but I think it would be a mistake to gamble that the Mint has made a mistake on sales figures. Anyone placing a large order they can't afford hoping for a quick flip opportunity should consider availing themselves of the Mint's generous return policy.
That does not mean I don't like the $25 coins.
I don't think the $25 coins, at $320 issue price, are a bad deal at all, but it seems like little more than wishful thinking to expect that the sales figures are going to be revised downwards, much less revised down to sub 2006 numbers.
San Diego, CA
<< <i>Not sure what time, I think in the morning, minutes after they went b/o. >>
Your order history on the mints site should tell you the exact time your order was placed
San Diego, CA
I suppose the real question some people are raising is this:
Is it possible that the reported sales figures includes backorders, or do those numbers only reflect filled orders?
I don't know the answer to that, although I believe that an order would only be reported as a "sale" once it has been filled.
San Diego, CA
I disagree with your assessment.
I think it is very valid to question the sales numbers presented when they don't make sense.
Sometimes, they AREN'T what they are.
IMO, If historical proportions of sales hold, the likelyhood of the 1/4 being sub 06-w mintage is very possible. A sub 1000 single coin issuance together with 1500 sets is not unlikely.
1,500 single coin sales after the reported 615 coins smells VERY BAD. Last years single issue sales were 1228! In a good year.
IMO, the USM could never have went beyond their first production run of 08-w unc plats. The demand was horrible. So, what is a good percentage of last years sales to run initially? Anyone's guess. But nowhere near the sales reported on this denom for the 08-w's.
As always, you do what you have to do when assessing if you return your coins or not. Entirely up to the individual.
we know they havent been filled.
Question answered.
<< <i>As for backorders,
we know they havent been filled.
Question answered. >>
I only know that 1 of my 4 got filled. Not sure about others. There must be others, Anyone else b/o got filled??
San Diego, CA
How about orders of 25 and 50
I know of many that havent been filled
I agree that the $25 numbers could prove incorrect, but until they do, people who bought in bulk with a 30 day return window don't have the luxury of taking a wait and see approach. Numbers are not likely to be corrected in a week or two. So those people have a choice. Return before the window closes, or wait and see. I would not advise anyone who purchased coins they can't afford to take a gamble based on your belief that the numbers "smell bad."
The comparison to 2007 sales doesn't hold water, since 2007 platinum was relatively stable throughout the sales period, and 2007 sales were never unceremoniously closed and then reopen after 3 months in the dark. 2007 $10 coins didn't sell out in a weekend either.
Suggesting that the $25s could be a sub 1000 single coin issue is bizarre and misguided wishful thinking in the face of the sales figures. Even reported half ounce single sales are approaching the 1,000 mark. There is simply nothing to support that belief other than your hope that it could be so.