Would you recommend buying $100 plat. eagle at melt

Comments

• MikeInFL Posts: 10,188 ✭✭✭✭

  December 4, 2009 4:48AM

  Sounds like a cheap way to play the platinum market -- a market I like -- so I say yes.

  Collector of Large Cents, US Type, and modern pocket change.

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• derryb Posts: 37,704 ✭✭✭✭✭

  December 4, 2009 4:49AM

  Just make sure you have the latest melt figure, been dropping today.

  No Way Out: Stimulus and Money Printing Are the Only Path Left

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• HearingDr Posts: 225

  December 4, 2009 4:51AM

  yep, i would be coming in right in the middle of the kitco bid/ask spread

  Eric

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• jmski52 Posts: 23,287 ✭✭✭✭✭

  December 4, 2009 5:56AM

  If you're inclined to be buying platinum anyway, it's a good deal. Just out of curiosity, what is the date? If it is being sold at melt, that tells me that another "melt" of Plats is underway.

  Q: Are You Printing Money? Bernanke: Not Literally
  
  I knew it would happen.

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• BillJones Posts: 34,850 ✭✭✭✭✭

  December 4, 2009 6:00AM

  Yea, I'd give that purchase a crack. I would not pay any numismatic premium for the U.S. platinum coins, however. When I was dealer I couldn't sell platinum coins to anyone except the dealers who bought them at melt.

  Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?

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• notwilight Posts: 12,864 ✭✭✭

  December 4, 2009 6:21AM

  MS69s often sell for slightly less than fresh coins. When I grade coins I figure that the 69s I get back are worth melt. So there is nothing new here. --Jerry

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