Thanks Slu! How many coins are in the set? Are they 1 oz coins? Is there going to be a reverse proof? I can't find much on the US Mint site?
Not sure if they have made the final plans. I have read that it will mostly likely be 2 or 3 one-half ounce coins due to the price of platinum. The reverse proof is pretty much a given. Someone will be along that know much more than I. Kind of interested on an update myself Hope they will hurry up and do it . The way platinum seems to be making a steady price climb
I believe CoinWorld said that the most likely option would be a 3-coin set of 1/2 ouncers ( a proof, reverse proof, and unc?). Any new info, ND86?
Thanks ND. Love that crystal ball and that limit. Wonder if one can make some bucks ordering one for some of the dealers. lol. Oh that reverse proof. Hey if anybody happens to go by the mint, tell them to get a couple of barrels of platinum at todays price. Even 2 one half coins is going to bet tuff. If i get one of those sets, it will be like 2052 before I can buy anything else. Thanks .....
At current prices on Proof 1/2 oz, these sets will come in at $1560 a piece. Do you think they'll charge a premium above and beyond that? I know it will also depend on the price of platinum at the time. If it's higher the price will go up, and if it's lower the price will stay what it is now. The US Mint is quick to pass off price increases to us, the customer, but slow to pass on the savings.
I think the purchase price is determined by the price of platinum at the time the Mint purchased it, not the current spot price. Looking into my crystal ball, I bet the set will sell for $1,800 retail. I'm more curious about the secondary market price once this sells out
At that price, do you guys think that these coins will be a quick sell out? If so do you see a dramatic increase in price over the next couple years, or do you think those who can afford them will get them, and after market prices won't increase much?
I think they will be a quick sell out. Maybe not as fast as the 3 coin gold set last summer but I think around 48 hours. Personally, I'm not a platinum collector. I'm just looking at it from the anniversary set aspect and to get a reverse proof. I'd rather the other coin be a wunc rather that a proof but thats the way it goes. I think that after all the hoopla over the gold and silver of last year and the 2006w coins ..this set is a no brainer. It will attract plat collectors as well as speculators looking to flip for quick cash. I expect the price on the secondary market to double after sell out. If the reverse proof is as stunning as the gold and silver ..the sky is the limit. 15,000 is a high mumber, I was hoping for something around 8,000.
Under 2k price will make it much more collector friendly. A 1 coin set limit at that price could mean a more limited secondary market as more people will have the opportunity to purchase them. A 3 coin set would have been nice as the 2 proofs and the uncirculated would have been represented. That would have really added to the price of this set. looks like more than the mint felt it should. I agree it will be super hot. People who have the gold and/or silver reverse proof will be very tempted to get the platinum I would think . Investors, collectors, tv coin dealer/entertainers , will be lined up for this. Yea the gold and silver reverse proof is something special . There is a Limited collector base for Platinum but if one has been thinking about getting a little platinum, what better time. If platinum keeps going up like it has, they may have to make a one coin set. lol
