Why so little disc. on the unc plats?

Discussion in 'US Coins Forum' started by FloridaBill, Dec 22, 2006.

  1. FloridaBill

    FloridaBill New Member

    Hi all,

    Just wondering...given the astoundingly low mintages on the 2006-w unc plats, why is there so little discussion here? You guys were all over the 2006-w unc silver eagle, and these plats are some of the rarest type coins in the past 100 years!

    FloridaBill
     
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  3. zaneman

    zaneman Former Moderator

    Bill, do you have the mintage information by chance?
     
  4. FloridaBill

    FloridaBill New Member

    The reported final numbers are absolutely astounding! The $100 (1 oz) is 2500, the $50 (1/2 oz) is 2650, the $25 (1/4 oz) is 2700, and the $10 (1/10 oz) is 3750. And yes, these are TOTAL numbers, INCLUDING the 4 coin sets (of which there were 2000 sold).

    This could well turn out to be the Pan Pac of THIS 100 years!

    FloridaBill
     
  5. zaneman

    zaneman Former Moderator

    wow! Those are low.
     
  6. FloridaBill

    FloridaBill New Member

    yes they are...and even though the sellout was just last week, they have almost DOUBLED in ebay trading
     
  7. bama guy

    bama guy Coin Hoarder

    Think it is a matter of economics. Most everyone collects silver and to a somewht lesser extent gold. I personally do not have any platinum but will have to take a hard look at the 10th anniversary set this upcoming year.

    It does appear the 2006 platinum eagles did come in under most peoples radar. Gold and silver are the more traditional collectable with milleniums of history behind them and of course less expensive bullion wise. Bottom line, it is hard to collect everything

    To me nothing has the allure of gold(metal wise) or the the "old west" appeal of Silver. That is just me. One great thing about this hobby , there are many different interest and so many way to collect.
     
  8. Aberlight

    Aberlight New Member

    What is Pan pac and what does this mean?

    Thanks
     
  9. GDJMSP

    GDJMSP Numismatist Moderator


    They are referring to the Panama Pacific Exposistion of 1915 and the commemorative coins issue for the event.
     
  10. tracy5900

    tracy5900 Coin Hoarder

    low mintage

    few thousand pieces for platinum is not considered low mintage. while few thousand pieces for gold coin is considered low mintage. and below 50,000 pieces for silver coin is low.

    example: 1995w am eagle silver dollar proof at 30,000 pieces. against millions issued on some years.
    2006w am ealge gold $5.00 unc. at 10,000 pieces. against millions issued on some years.

    for platinum, i think mintage should be 500 or less is considered low mintage. very very few people collect platinum.
     
  11. GDJMSP

    GDJMSP Numismatist Moderator


    The reason the mintages for the platinum coins is always so low is because there is very little collector interest in them - they just aren't popular and they never have been. Some will say that cost is the issue - the coins are too expensive. But that really doesn't ring true, there are literraly thousands and thousands of other coins that cost way more than the platinum coins and they are purchased as fast as they come on the market. No, cost isn't the issue - popularity is, most people simply don't like them.

    And because the coins are not popular they have little investment potential in the eyes of most collectors. Rarity has nothing to do with it either. I have owned coins with total mintages under 100, under 50 even, and they would sell for bullion value.
     
  12. willieboyd2

    willieboyd2 First Class Poster

    There is an urban legend that platinum is poisonous, like mercury or lead are.
     
  13. RickieB

    RickieB Expert Plunger Sniper

    Received my platinum 1/10 and 1/4 oz Uncirc "W" coins today..along with them was the 1/2 oz AGE Uncirc "W" and the Granite Lady $5 and $1 coins. Everything is flawless!! Happy camper here.....

    :eek:hya: :eek:hya: :eek:hya: :eek:hya: :eek:hya:
    RickieB
     
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