Current spot platinum is $1382 per ounce. It hasn't crossed that boundary since December 2009. I'm thinking about buying.
+1 Doing the same myself, bought a set of 10th anniversary Maple leaf proof coins (which had platinum 1/10) and bi metallic Gibraltar coin. Will post picture of latter soon.
I'd agree it's a good buy. Bought some myself not long ago. However, the premiums on physical have been pretty bad since 1600/oz. I lucked out and found some platinum maples locally at $140/oz over spot. At a spot price below $1400 they will surely be insane, if you can even find any for sale at all. A pool account (ugh, I am not a fan) might be the only good play on Platinum currently.
I hate PMs...all kinds of PMs...except numismatic PMs. I LOVE numismatic PMs. I always wanted to start a collection of the US Mint Platinum coins (great designs!!). Perhaps now is the time to start. I don't know why everyone wants PM prices to rise. Sure, your PMs are worth more, but it costs more to buy more. I want PMs to go low and stay there...so I can buy more with the money I have. :thumb:
Most classic US gold, anything pre-1933 that is collected numismatically, was simply circulation money with a precious metals composition. it's bullion, it's collectible, it's numismatic.... always strikes me as funny that people only want to collect numismatic modern precious metals coins because of a shiny surface and a mintmark declaring it's different. Buy platinum or any other bullion when low price opportunities present themselves, sell or trade your bullion then buy your numismatic coins when the bullion value is on the other side, you'll likely have more to invest in and cover the premium/mark up for numismatic coins when you go shopping.
Back when silver was $7/Oz, I was loading up on Unc rolls of US coins from 1953-1963. I could get OBW rolls for about 25% over spot. Sure, I could have gotten raw bullion for less than that, but it doesn't have any numismatic potential. I find that when US coins hit about the 70 year mark, they get a numismatic bounce. Take Mercury dimes, for instance...ten years ago the 1940-1945 coins were held in very low esteem. Now that the first ones are hitting the 70 year mark, you're starting to see a bump in prices. That will likely happen over the next 10-20 years for the rest of the silver coinage...(imho). I bought a $250 brick (50 rolls) of OBW 1955-s dimes @ $37/roll. That was WAY over the going rate at the time ($32/roll), but it just seemed like a good long term investment. That's the kind of PMs I like...numismatic PMs. Even if silver goes back to $7/Oz...or lower, I still get a numismatic return on the investment.
I personally find it easier to stack modern comm. coins since i love the varying design and often you can find these at spot price. Plus they are rarely counterfeited (except Chinese coins) and most often it is quite difficult to find any fractional pre 1920s from any part of the world that is not selling for huge premium. Plus a lot of these coins are 999 makes it very easy to dump them for quick $$$.
As an example, denominations of bullion AGE with lowest mintages can/do carry a slight premium to others, currently. For me, they are sleepers, perhaps when we hit that 70 year mark buying them now will have been a good idea since no one else is much looking for them.
