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<p>[QUOTE=&quot;gxseries, post: 2286271, member: 4373&quot;]I think sometimes you need to stop and wonder about the mint&#039;s prospective. Platinum coins are very difficult to be sold at bullion prices due to the volatile price movement. It is likely mints hedge bets based on the historical price movement and they could have signed contracts when prices have been at the more expensive side. If you reckon it&#039;s overpriced, you are welcome to travel to a platinum mine and find an ore for yourself. At grades of 2 - 10 grams per metric tonne if not less, I am certain that you would realize that there&#039;s a lot more cost (with risk factor) involved more than you can ever imagine.&nbsp; </p><p><br /></p><p>If you look at the history of palladium and platinum coins, most often, many world mints had to sell such coins barely at a profit, if not at a loss. However if you look at records of such coins, they are selling well above the original prices. Russian platinum ballerina series, Australian emu series, Chinese platinum and palladium panda series and so forth are good examples. Twenty years down the road, unless the prices of platinum collapse, I would be very surprised if they are traded for much less than the original price. The only time you may get a bargain is when someone is really desperate for money and is happy to sell at a loss. </p><p><br /></p><p>I guess having a mint that strikes platinum coin is highly prestigious. Now if you look carefully at various mints around the world that strike platinum coins on a yearly basis - can you name some that do? I can only think of the Canadian Mint, Perth Mint (Australia), Royal Mint (UK), China Mint and US Mint. I am not considering Swiss Mint as it strikes bullion which is strictly not coins. Russia ended their platinum coinage in 1996. Essentially there&#039;s just a handful of mints in the world that still strike platinum coins.</p><p><br /></p><p>While platinum coins are really on the expensive side, I reckon it&#039;s a status symbol. It&#039;s like trying to compare luxury cars when you can get from point A to point B in any other vehicles. Of course you can start discussing about design, fuel economy but it comes down to what one wants.[/QUOTE]</p><p><br /></p>

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