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2008 Platinum Eagle are back and much cheaper
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<p>[QUOTE="CentDime, post: 446229, member: 7297"]I can't see any way the mint has prevented losing money on selling the burnished platinum coins and even the proofs this year as platinum has done nothing except drop in price all year and they must have purchased most of the platinum at peak prices. I have read that the blanks come from Australia for these coins so they probably can't just get a few blanks as they need them, they must order in quantity. Also it is very costly to make the platinum coins due to all the strikes and the problems with the hardness of the metal. Many returns on the coins cuts into profits.</p><p><br /></p><p>Also I have read they do the coins in runs so if demand is higher they go back and make more but initially they made a run and sit on those until they sell enough to need more. At least that is how i think they do this. The current coins may have all been from the initial run of coins as the mint may have gambled that platinum prices would keep rising. </p><p><br /></p><p>I think they have not dropped the spouse coins any amount since production even though gold has also dropped, that leads me to believe they also did a large initial run or perhaps even a total run on the spouse coins. I would wonder if they have a 2008 spouse coin which sells into 2009 and they are allowed to go back in 2009 and mint coins that say 2008. If they do that doesn't seem right, minting 2008 coins in 2009. But I am pretty sure they can't as they can't with the platinum coins. The platinum are minted the year they are stamped and sell into the next year until supply runs out.[/QUOTE]</p><p><br /></p>
[QUOTE="CentDime, post: 446229, member: 7297"]I can't see any way the mint has prevented losing money on selling the burnished platinum coins and even the proofs this year as platinum has done nothing except drop in price all year and they must have purchased most of the platinum at peak prices. I have read that the blanks come from Australia for these coins so they probably can't just get a few blanks as they need them, they must order in quantity. Also it is very costly to make the platinum coins due to all the strikes and the problems with the hardness of the metal. Many returns on the coins cuts into profits. Also I have read they do the coins in runs so if demand is higher they go back and make more but initially they made a run and sit on those until they sell enough to need more. At least that is how i think they do this. The current coins may have all been from the initial run of coins as the mint may have gambled that platinum prices would keep rising. I think they have not dropped the spouse coins any amount since production even though gold has also dropped, that leads me to believe they also did a large initial run or perhaps even a total run on the spouse coins. I would wonder if they have a 2008 spouse coin which sells into 2009 and they are allowed to go back in 2009 and mint coins that say 2008. If they do that doesn't seem right, minting 2008 coins in 2009. But I am pretty sure they can't as they can't with the platinum coins. The platinum are minted the year they are stamped and sell into the next year until supply runs out.[/QUOTE]
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2008 Platinum Eagle are back and much cheaper
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