POLL: Who's buying the 10th Anniversary Platinum Reverse Proof Set

I am a collector of Platinum Eagles, and I'd love to get my hands on the reverse proof, but there's no way I'm buying this. I can see these following a similar pattern to the First Spouse gold coins. Initial craze-spike, then a big dropoff, likely to below issue. 30,000 is a LOT of mintage for platinum coins.

I am hoping this will bring some much-needed attention to the platinum eagles. At some of the recent mintages, if they ever catch on, there could be some SERIOUS premiums for owning the low-mintage years.

 

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There have been a few 2007 Plats sell recently at spot. I think the mint has this for $225 or so. Just sold for $173.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=140185338618&ssPageName=STRK:MEWA:IT&ih=004

 

Tough call. I wish I could afford to lay $2k out for 2 coins .. but for me I'd only be doing it in hopes of the value increasing so I could sell it and get my investment back. The mintage figures sure don't indicate the 30k issue being significant considering past years have been so much lower http://www.tulving.com/bullion_sales.html so how to decide.

 

A better comparison would be with the mintages of Proof Platinum Eagles.
http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=american_proof#salesTable

 

Reverse Proof Platinum

I agree with the Cruiser on this one; I'd go out on a limb to get a 1 OZ RP to match the other gold and silver one's!! What a great set of three that would make in a nice wooden case--WOW!! Now I'm not sure I'd go for a 1/2 oz Rev. and a std. proof ( I don't think the std. proofs will be much in demand, singly)

 

The most probable reason that platinum proofs have been selling for spot is the large increase of the spot price since the original buyer bought the coin and needs Christmas money. I don't buy coins as an investment (my 401K is for that) but only because I love them.

 

Regarding the selling at spot price, that's pretty typical for a platinum eagle graded a 69. A raw coin from the mint has the chance at being a 70, and thus selling for a significant premium, which is why it is worth (if that's your interest) paying the mint premium. With PCGS, about 1 in 10 of the burnished unc's and the proofs on the plats turn out to be 70's.