10th Anniversary Platinum Eagle Set.

:smileHere is some information currently available on the 10th Anniversary APE set:

- Set available for sale on December 13, 2007
- Set of 2-coins: 1/2 oz. Reverse Proof + 1/2 oz. Proof
- Sale price about: $1,900+ based upon the current 1/2 oz. APE Proof
- Limit of 1-set per household
- Approximate mintage: 30K!

Please add any updates or revisions available to the above.

 

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30K is way too high . . . We'll have to see the presentation in the Mint webpages and think about it.

 

That would make it over $400 above spot price with a much to high mintage. My poor dollars just do not seem to go as far as they use to. If these figures hold true, I am afraid it will be to expensive and to common for my taste.

 

Do you have a source for this info?

 

Source: US Mint, Office of Public Affairs.

 

The ASE 20th anniversary set with the reverse proof had a mintage of 250K and it has increased in value approximatley 400% even after a decrease in its selling price. Why would 30K be too many for the APE?

 

I think he's just kidding. With the emminent collapse of the dollar that is currently underway, paying $1900 in fiat paper money or electronic cash will be dirt cheap. About an hours worth of wages or a loaf of bread, at least here in the US with it's current Weimer Republic inflation.

 

Is there a link for this or did you talk to someone at the mint?

 

The maximum mintages for 1/2 oz Platinum Eagles were in 1998/1999 at 32K+. Those were bullion issues, not proofs. Outside of those two years the average is <20K 1/2 oz bullion APE's per year. Proof 1/2 oz APE mintages started at 15.4K in 1997 and have dropped to <10K per year since 2001.

Minting 30K of the Reverse Proof APE's would make it the 3rd most common 1/2 oz APE.

 

IMO, if it sells out the secondary market will be the place to get this one. The Ebay resellers will take a beating this time.

 

I would have to agree with Car10, since the mintage is so high, it may be better to get
"graded" sets, and pay the slightly higher premium.

One could always just hope that the set one is allowed, and gets from the mint, is a min of 69 for both coins.

 

I'm not so sure he's kidding. Some people thought the mintage should be limited to 5,000 or 10,000. I've never understood why some coins that have mintages of less than 1000 are readily available, while others with mintages of 1.5 million are going for hundreds to thousands of times face value.

 

Maybe so, but that would make it more rare than just about any other type of coin. Why is 30K a big mintage for APE's, but would be considered a very small mintage for other types of coins?

 

I was watching a movie the other day and someone said something like "Make a reverse proof platinum coin and they will come." I would be willing to bet if they do indeed make the 10th Anniversary Platinum Set, there will be substantially more collectors of platinum coins after these sets are sold out. While there may be many more collectors of silver and more collectors of gold than platinum , the reverse proof platinum will have a life of its own in my opinion.

What a nice mini set it would be to have the first ever gold, silver and platinum reverse proof from the mint. Well off to the salt mine

 

The first few years of the platinum Eagles had a reverse proof like finish..............

 

The information I posted in not at the US Mint site. I talked to some one who answered the "Office of Public Affairs" phone: (202)354-7222.

 

GDJMSP,

I agree that they are a hunk of bullion and the link you provided is for the bullion mintage. I think, a better comparison would be the mintage of Proof coins.

 

Not many people collect platinum coins, 30k is alot, doubt it will sell out There were only 10k reverse gold proofs, with more gold collectors, and resale value isn't that high..