2007 Reverse Proof Platinum Eagle Images

Can not help but wonder how many people who have ordered these sets will cancel them in the next few days if they do not sell out. I have read some post in other forum from people who have stated they would order the sets and think about it a day or so. Really not a bad way to do it. Worse case you get the sets that you may or may not want (or should I say may not want to pay for) and still have 30 days to send them back. So many ways to collect.:smile

 

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In Coin World magazine that i received today, on page 20. the ad at the bottom of the page is offering a premium for the sealed box anniversary platinum set, but you have to call them to find out how much. I just thought that was intersting and wanted to pass it along. I have always wanted a platinum coin, I did order it for my collection as I felt this would be the one. Sure is a lot of money though and I hope is as nice as I believe it will be. Merry Christmas and Happy New Year everyone!

 

If it wasn't the mint, then it has to be... the Congress ! :headbang:

Insane madness from the Congress ? No way ! Say it ain't so !

 

platinum at $1,480.00 today

platinum traded right now at $1,480.00. let's based it and calculate the anniversary platinum set.

1,480.00 x 1.05 (5% other cost) x 1.2 (20% mark up) + 40.00 (premium on proof) + 20.00 (box) = $1,924.80.

but the mint is based of $1,500.00.

1,500.00 x 1.05 x1.2 + 40.00 + 20.00 = $1,950.00.

 

I also purchased the set. But i wonder how much platinum will drop if autos switch to fuel cells in the future? I assume the fuel cell powered vehicles would'nt require catalytic converters(which platinum is used). Also electric cars may lower the platinum use. Granted, this is'nt in the near future but is a good provability. Regardless of the metal price though, i think the reverse proof value should hold up well(As the reverse proofs of silver & gold have). The 10th anniversary labeled regular proof in PF70, may carry a premium as well. Just some thoughts.

 

oil bubbles

oil predicted to drop from $90.00 to $70.00 per barrel. i wonder platinum and gold will drop too.

 

Oil is in US dollars. As interest rates fall the value of the Dollar falls increasing price of oil for us since we are buying in US dollars, gets cheaper abroad. When the fed lowers fed funds from 4.25 to 3.5 as expected over the next year the dollar will likely fall as the world market looks for alternative debt to invests in pushing oil up based on the US dollar value, gold goes up.

Lower rates = less foreign demand for USD = Higher price of oil = inflation = gold prices increase.

Core CPI YOY was announced today and higher fuel cost have started to affect cost of goods, known as inflation.

Platinum is industrial and trades based on (world) economic growth unlike gold which adheres to years old tradition of inflation hedge.

In short Gold and Platinum don't always trade in relation to each other.

Gold may go higher, may not, but economies are cyclical and some day despite gold going up it will come down. 2 years, 5 years, 10 years...I don't know. Many people that bought gold in the early 80's with the doom and gloom scenario of the day are now just breaking even dollar for dollar. Factor in inflation they are behind. People that buy today may do well in a year or two, or they may need to hold in for 20 more years. Gold doesn't pay dividends. Its a hedge, an instrument to offset in a counterbalance to another security.

Before anyone tries jumping on me please not I am talking about raw gold bullion and not ultra rare gold coins.

 

Good grief! What are you going to sell for the next expensive mint item?

 

Where did you find that out?

 

Left cornea.... If the mint ever does a fractional gold Buffalo set its worth a lung.

 

I heard from elaine 1970 that gold will continue to rise to $1,000 per ounce.

 

I should have swallowed my coke before I read your last post. Now I've sprayed it all over my computer monitor.
I'd love to see the fractional buffaloes, but I guess it's not going to happen this year, and that's a good thing for my budget.

 

x

 

http://xs222.xs.to/xs222/07505/IMG_2100.JPG

 

if elaine knew the future price of gold we wouldnt find them here take it with a pinch of salt no one knows the future but people are free to speculate

 

Subtle. I like that.

 

Contact marks I would hope they all stay in the air-tites or slabs preventing anything from damaging the surface. I have not held one in my hands but man would I like to own one!!! Obviously I think it's a beautiful coin...

 

When the collector proof coins come off the presses do the coins roll, rub together, or even fall into a hopper that could create contact marks or are they individually pressed and hand removed?