Platinum Proof pricing at $1792

Classof67 · December 2, 2009 12:16PM

Who's in?

hiijacker · December 2, 2009 12:27PM

On the fence. Push me please.

wondercoin · December 2, 2009 12:30PM

Sure makes the early year stuff look like a bargain when those coins often trade around the same $1,800/oz. In fact, I believe I was the highest posted buy in the country today at $1,785/oz. on early year proof platinum. As always, just my 2 cents.

Wondercoin

Coinlearner · December 2, 2009 12:49PM

<< Who's in? ....

.......................................

GAT · December 2, 2009 12:59PM

The Mint can KMA on this one, I don't want it even as a gift. It's an insult to the majority of us here.

Type2 · December 2, 2009 1:28PM

<< The Mint can KMA on this one, I don't want it even as a gift. It's an insult to the majority of us here. >>

I dont think I'll get one or two I'll hold out. Did you say KYA.

fc · December 2, 2009 1:32PM

for the average person this coin is just way too expensive to even
consider.

a person who makes 45000 a year should probably not be collecting
these....

if they want platinum buy it at spot plus a reasonable premium.

eventually this mint bubble of products will pop...

Coin Finder · December 2, 2009 1:41PM

Gat and FC are right on man! The Mint can......well, .....they can.... oh just nevermind, not buying.

astrostu · December 2, 2009 2:16PM

Here's what I posted ATS:

I had pretty much convinced myself that I was going to buy this coin. Why? Because ...

(1) I like the idea of the 6-year series. I think it has promise, and I like the design.

(2) I want to keep my PAE set going.

(3) I can afford it, though I don't really want to spend that kind of money on a single coin.

But over the last few days, I think I've talked myself out of it:

(1) Most observers would agree we're in a precious metals bubble at the moment and it's probably not the best time to buy gold nor platinum. Especially with the kind of markup the Mint has on the item.

(2) I don't like the design more than I like past designs, like the Vistas of Liberty series for the first 7 (I think?) years of the program. I'd like to go back and buy those and I would rather have those than have a single coin.

(3) Similarly, I don't want that coin for $1700 more - quite less, actually - than I want some other coins or sets, so the money would likely be "better" spent elsewhere.

(4) Though I like the design, it's not as good as many of the other proposed designs were for this concept (story of the Mint lately ...). I searched, trying to remind myself what they were, but I couldn't find them.

Now, if the Mint had continued to release these as 1/10 oz coins, too, I'd be all over it. But right now, me plopping down nearly $2k on a single coin is, well, kinda silly when I could spend that money elsewhere on things that I would much rather have (and are not necessarily coins).

drei3ree · December 2, 2009 11:11PM

I'm in for FIVE, but they're going to MCM (unless I decide to keep one...).

2manycoins2fewfunds · December 2, 2009 11:30PM

This may be a coin where design trumps mintage.

It will IMO take a very low..................likely sub 2,500 mintage to negate the unpopular design.

I don't think there are much over 2,000-2,500 hard core platinum collectors who have to have one.

Many of the rest of us may sit this one out................

puritan9 · December 2, 2009 11:32PM

I did end up ordering the coin.

notwilight · December 2, 2009 11:36PM

<< 

eventually this mint bubble of products will pop... >>

To the contrary, gold used to be too expensive to collect, now there is a good collector base and lots of relatively poor collectors get their gold type coins. Platinum will eventually do the same thing as our standard of living keeps raising(unless the dollar collapses and PT goes to $10k/ounce). When platinum becomes affordable, the low pops are going to be huge. Especially some of the ones that got melted in the S. Africa electrical shortage price runup of 2007.

--Jerry

GritsMan · December 2, 2009 11:57PM

Not in--with relief! Fortunately, I collect the smaller denominations, so have little incentive to wade into this expensive pond. BTW, the design is not the worst I've ever seen, but is so uninspired compared to what they could have done. They should leave these designs to the artists, not the politicians!

jmski52 · December 3, 2009 1:07AM

Not in--with relief! Fortunately, I collect the smaller denominations, so have little incentive to wade into this expensive pond. BTW, the design is not the worst I've ever seen, but is so uninspired compared to what they could have done. They should leave these designs to the artists, not the politicians!

Gritsman, if I get enough interest in doing so, I'll be glad to chop up some of these into 1/10ths, 1/4ths, and 1/2 oz. pieces and sell them accordingly - to collectors who are more interested in keeping their fractional Plat Series collections intact. Just specify which head you are most interested in.

GritsMan · December 3, 2009 1:13AM

<< Not in--with relief! Fortunately, I collect the smaller denominations, so have little incentive to wade into this expensive pond. BTW, the design is not the worst I've ever seen, but is so uninspired compared to what they could have done. They should leave these designs to the artists, not the politicians!

Gritsman, if I get enough interest in doing so, I'll be glad to chop up some of these into 1/10ths, 1/4ths, and 1/2 oz. pieces and sell them accordingly - to collectors who are more interested in keeping their fractional Plat Series collections intact. Just specify which head you are most interested in.

>>

DCW · December 3, 2009 2:25AM

Who are you guys kidding??? You'll all jump on this in the end...ugly design or not. Mintage will be low because the cost is prohibitive, and numbers are "king" around here.
Twist of fate... Once new "king" is annointed mint will revise their mintage report. Sorry, we forgot about the other 10000 in the vault! Pump and dump!

DeepCoin · December 3, 2009 2:28AM

I think with a mintage of 8,000 and something like 1,000 (Tops!) collectors, this is going to end up being another bullion coin. Just MHO, but I am on the sidelines at this price. There is too much downside risk, but you never know what might happen in South Africa and then a platinum shortage blows the price up for all coins, so it could go either way, but I am risk adverse on this one.

ttown · December 3, 2009 2:30AM

<< Who are you guys kidding??? You'll all jump on this in the end...ugly design or not. Mintage will be low because the cost is prohibitive, and numbers are "king" around here.
Twist of fate... Once new "king" is annointed mint will revise their mintage report. Sorry, we forgot about the other 10000 in the vault! Pump and dump! >>

Dream on. Everyone will watch sales of this coin and if it's a low mintage expect a sell out as people jump aboard. It's a long way to the 2010 plats and this will be on sale for quite awhile.

renman95 · December 3, 2009 2:30AM

<< Who are you guys kidding??? You'll all jump on this in the end...ugly design or not. Mintage will be low because the cost is prohibitive, and numbers are "king" around here.
Twist of fate... Once new "king" is annointed mint will revise their mintage report. Sorry, we forgot about the other 10000 in the vault! Pump and dump! >>

Him speaketh truth.

2manycoins2fewfunds · December 3, 2009 2:41AM

Likely the mint has struck all they feel they may need and will keep them on sale well into 2010.

With no fractionals and people screaming for product I doubt they struck less than 4,000.

Even if initial sales are slow the weekly numbers will lure buyers in if sales/mintages look initally to be sub 2,000-2,5000.

Remember what created the rarities of 2008 was the whipsaw of spot pricing, confusing sales vs. mintage numbers, general economic conditions, lots of returns and multitude of offerings............

Now consider...............

11 different 2008-W buffalo choices
10 different 2008-w APE choices
11 different 2008-w AGE choices

This year outside of bullion offerings you have..............

1 different 2009-W APE choice
1 different 2009-W buffalo choice
0 different 2009-W AGE choice

We have already seen that they struck plenty of 2009-W Buffalo proofs

IMO the 2009-W APE proof will not be a sub 4,000 sales/mintage coin.

Overdate · December 3, 2009 3:09AM

This is the *only* platinum eagle available with the 2009 date.

I think the scarce date on the obverse will trump whatever happens to be on the reverse.

jmski52 · December 3, 2009 3:25AM

This is the *only* platinum eagle available with the 2009 date.

I think the scarce date on the obverse will trump whatever happens to be on the reverse.

No other options for Platinum Eagles means more buyers will come to this offering. That doesn't guarantee a low mintage, in fact it works against a low mintage.

If I sniff any chance of this being over 5,500 or so, I am not touching it.

The fractionals and the low mintage "W" Burnished Plats will continue to be the main story unless this one comes in under 4,500 and that is questionable and unlikely, in my view.

CaptHenway · December 3, 2009 3:32AM

I bought one just for giggles.
TD

MsMorrisine · December 3, 2009 5:05AM

in for one.

site was a bit slow for a couple of minutes. timed me out of one page (and only one page).

everything resumed its normal pace within 5 minutes.

it says something that the mint released the plat proof and the first spouses on the same day.

obviously they were not expecting another lincoln coin & chronicles saga.

Fountainhead · December 3, 2009 5:52AM

OK, so it's ugly. A century ago collectors thought the same of matte & Roman finish gold proofs, now look what they sell for!

OPA · December 3, 2009 6:25AM

<< A century ago collectors thought the same of matte & Roman finish gold proofs, now look what they sell for! >>

That's not very reassuring ... It's doubtful that any of us will be around 100 years from now ...

Kablemodem · December 3, 2009 6:34AM

The design is not really all that unattractive, it is just not as nice as some of the others that were up for consideration. It's a Mint trend lately. They show us a bunch of nice designs that collectors would love to have and some group with an agenda usually chooses the least attractive of the designs.

MrOrganic · December 3, 2009 7:06AM

LOL no thanx

you can pick up older prf70's, pcgs for that price

7Jaguars · December 3, 2009 12:12PM

OK, lazy question, but will the price float on the spot of platinum like the First Hags gold, or what?

Overdate · December 3, 2009 1:29PM

<< OK, lazy question, but will the price float on the spot of platinum like the First Hags gold, or what? >>

I think the increments are $100 for plats and $50 for gold.

Pricing Grid.

timcoin · December 3, 2009 11:01PM

This coin is going to be a winner. People are going to regret not buying one. Heck, I think the platinum price per ounce alone is going to exceed the current price of this coin, plus you have a chance that it will increase in collector value. While most people don't even know this coin exists, you do! Take advantage of that "inside" information

notwilight · December 3, 2009 11:32PM

<< LOL no thanx

you can pick up older prf70's, pcgs for that price >>

LOL. Please ship all the PR70s you have to me at that price with invoice. Will pay immediately. thanks, Jerry

jmski52 · December 4, 2009 1:41AM

That'll leave a mark!

I wonder how many Plats will be returned this week?

MilesWaits · December 4, 2009 1:48AM

None from me.....I am still waiting.

Miles

Steve27 · December 4, 2009 8:00PM

I would like to buy one of these, but not for $1800.

MsMorrisine · December 6, 2009 11:01AM

<< None from me.....I am still waiting.

Miles >>

Cancelled my order.

I figured I can wait
I can also take a chance with a price decline since there appears to be some wiggle room that would cushion against any feared price increase.

we'll see thursday.

MilesWaits · December 6, 2009 11:11AM

<< 

<< None from me.....I am still waiting.

Miles >>

Cancelled my order.

I figured I can wait
I can also take a chance with a price decline since there appears to be some wiggle room that would cushion against any feared price increase.

we'll see thursday. >>

Quite possibly the correct move!

I have yet to dive into the Plat Proof water so I will see how tepid or frigid it becomes over this weeks time, too!

Miles

TwoSides2aCoin · December 6, 2009 11:18AM

I should have asked here about those quarters.

Burnie · December 6, 2009 11:36AM

Come on the price of precious metals rise and fall all the time, hours, days weeks, months and years. Buy for the coin and the price you can afford with no regrets, Otherwise don't buy at all. Ordered my 5 and will be keeping my 5. It's a 2009 Platinum and that's good enough for me.

asdfy · December 8, 2009 3:38AM

2009 Platinum Eagle Proof Coin sales through December 6 already at 7,207 out of the 8,000 maximum.

US Mint sales report

CaptHenway · December 8, 2009 4:42AM

Thanks for the update.
TD

coasterfan · December 8, 2009 4:58AM

That presents a dilemma for those who cancelled their orders expecting to reorder at a lower price tier. There might not be another chance.

ebizgobro · December 8, 2009 5:00AM

Not to fan any hysteria but I checked my 09 Plat Proof order and it has a delivery date of 12/22/2009. The US Mint Website shows 12/23/2009 as the delivery date for ordering coins.

MsMorrisine · December 8, 2009 7:49AM

<< That presents a dilemma for those who cancelled their orders expecting to reorder at a lower price tier. There might not be another chance.

>>

yeah, thanks for the update.

plat is going to have to plunge hard wednesday (to maybe 1375?) to average under $1450 this past week.

I think I'll re-place the order tonight.

drei3ree · December 8, 2009 12:14PM

it's trying--$1411

JaLP · December 9, 2009 5:44AM

Anyone else's odrder showing in stock and reserved? (#33555XXX)

edgar · December 9, 2009 9:23AM

yes and cancel box just deleted and this (12/09/09 -PENDING US MINT COIN SALES-DR $1796.95) just happened to my bank account.

335548xx...... trying to close the deal quick? it went from expect 12/17 to 12/20 to 12/21 to 12/22. this morning said 12/23, then ISnR with an account hit in 2 hours. i don't think they will be around for next week's repricing, unless returns/cancellations occur in numbers.

KISHU1 · December 9, 2009 9:41AM

Mine lists as in stock and reserved but there is no mention of the delivery date.

Frank

Classof67 · December 9, 2009 10:37AM

Mine too, wouldn't be surprised if they ship this week.

DCW · December 9, 2009 1:40PM

Any chance that these were short struck and the maximum (8,000) were never minted or intended to be struck? I know someone posted that the mint SAYS it has already sold over 7,000, but Ive learned never to take the mint's word as gospel long ago.

Platinum Proof pricing at $1792

Comments

Leave a Comment