Is this coin a good investment?

I am considering buying a 2007 W (1/2 oz Proof) Platinum Eagles - PF70 DCAM PCGS coin to put away for a rainy day. I am having trouble finding the mintage numbers for this coin as well as the numbers graded by PCGS in PF70 DCAM. I have been taking some of my saved money out of the bank before it goes down in value and buying silver and gold as a hedge. This will be my first collectible coin that's not just bullion. any opinions or info. on this coin will be appreciated! THANKS!!!!

 

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Platinum eagles are bullion. The 70 designation is something of a fad, not a real indication of investment value.

 

2007 Proof Platinum Eagle Mintage Figures1 ounce4,966 1/2 ounce1,543 1/4 ounce1,522 1/10 ounce3,662 4 coin set4,302 I wonder how many of the half ounce ones were graded PF70 DCAM PCGS Is there anywhere you can find PCGS gradeing numbers?

 

I would go for a 69. In all honesty, the difference between a 69 and 70 is practically indistinguishable; and the 69 is significantly cheaper. 69 = much better value imo.

 

As far as bullion is concerned, you have to ask yourself why you'd pay more for a higher grade yet get the same amount of metal content if you expect to hedge your investments because of tanking economies. If the bottom continues to sag nobody is going to pay extravagant premiums for grade. It'll be a metal buyers market, based on content, not pretty looking coins. Buy as close to bullion value as you can and forget the high grade bullion fad that is sure to die out soon.
Guy~

 

I am getting this 70 graded coin for $75.00 under spot I thought it would be a good buy? how many of the half ounce ones were graded PF70 DCAM PCGS Is there anywhere you can find PCGS gradeing

 

Generally speaking (yes, there are exceptions), coins are not good investments. And that certainly applies to modern coins graded 70, especially when they can be purchased uncertified for a fraction of the price.

 

If you don't pay any kind of premium for the coin then yes, okay buy, maybe a good investment.
It is bullion, and you won't see that premium, if you try to sell in the near future, unless this fad doesn't wear off.
IMO, you should buy bullion, as bullion, and not slabbed with a number, unless of course, you can get it slabbed, for less.

 

Actually, if you could buy one graded 70 for no premium (which is in essence, impossible), that wouldn't be a good investment - it would simply mean that you bought it at way below market value.

 

It appears that 85 out of 296 graded were PF70DC or almost 1/3. What should be noted here is that if you can buy below melt, then there isn't much collector interest in this group of coins, basically it is a bullion coin. Any increase in value will almost likely be due to a corresponding increase in the metal value. Unfortunately, the populations ( graded or raw) do not always directly relate to the value. For example compare the early lincoln MS cents with the drastically lower numbered matte proofs. The main reason is the tremendous collector population for those MS coins compared to those collecting the matte proofs. The PF70DC coins today are due to the enhanced ability of the mint, and since most are 68,69,70 these days, it is equivalent to proofs decades ago at PF63,64,65 in my opinion.

In the 60s-70s, many went through the "mint set" mania, buying hundreds of mint sets for resell in their retirement. Now most of those are selling below the purchase price.

Jim

 

Substitute 99.99+% of all specific coins for "this coin", and the answer will still be a resounding "No!"

Coins are not a viable investment vehicle.

 

Then it's a no-brainer! Anytime you can pick up something for under spot, jump on it. I'd say in that case it would be a good investment.
Guy~

 

No, that would simply be buying something for less than it's worth. It's not an "investment" that will necessarily increase in value. The profit is being made on the buy side, not based on how the "investment" performs after the purchase.

 

Make sure that the "$75 under spot" is correct and that the seller is legitimate.

 

I think these factors are important for everyone who has an interest in coins.

Indeed, anyone hauling around bags of new coins and others to check would even agree the strenght, stamina, blood, sweat, and tears can be important to success. Eye- hand coordination sure helps in looking through rolls.

But I believe most of these traits are more likely to benefit dealers and those who buy, sell, and trade than pure collectors or pure investors. A pure collector is generally going to acquire specimens as they become available rather than time his purchases even if he knows that something is mispriced by the market. Of course most collectors become very knowledgeabe and do pretty well because they develope a knack for spotting coins that are undervalued. Also all the knowledge they accumulate will manifest in their collections so they'll do better than most.

It's not that I disagree. It's not even that I believe it's wholly impossible to make predictions about the behavior of collectors; It's just that I don't believe that reliable and timely correct predictions can be made except primarily through luck. Obviously knowledge rules but one can't know the future demand for collectibles. One can make inferences about future demmand for T-bonds or real estate near Cincinnatti, Ohio.

 

These coins are pre-screened to remove those with no chance of recieving the 70 grade. The 381 coins submitted may be the choicest of thousands minted.

It is true though that modern proofs are becoming higher and higher quality. In some cases it's very difficult to tell the best from the worst since they all are near perfect.

 

Its my brother

 

Again, I don't believe collector behavior can be predicted even in the long term but would point out that we've had two generations of collectors being taught to buy the best they can afford or the best they can understand.

In the old days it required a huge amount of work and large expence to collect something like Franklin half dollars in high grade. You had little choice but to go through rolls and rolls looking for yourself. Back in 1965 every coin dealer in the country would just laugh at you if you called them up and asked if they had any really nice 1956 Franklins. If you asked for FBL or crisp strikes from new dies they'd hang up. If you asked them to count the marks on the front they'd call for the guys in white coats. You could rack up a $20,000 phone bill without finding a single coin. So you had no choice but to do the leg work and heavy lifting.

Today you could call every coin shop in the country and it doesn't even cost anything. But you don't need to since all you have to do is go to your favorite site and order the '56 MS-67 FBL half dollar.

Does this mean it's going to last? God only knows but it certainly could. There's no reason that collectors won't continue to value high grades even if the services were to fail. When you consider how so few modern coins are nice even nice now days it's not difficult imagining that quality could be a prime consideration for many years to come.

We each have to make our own choices and decide what we think are the excesses to which the hobby has always been prone. I'm not a big fan of brand new coins nor of looking for excuses to pay a big premium where there is little justification. But I do enjoy collecting and have never seen anything in the hobby that is "unworthy". Graded bullion is no exception.