Current prices for 2006 american eagles

I plan to purchase 10 of the platinum sets this year (not for my collection, but rather to flip for a profit, and I will be taking a loan from the parents lol). I feel they will immediately sell out, and go up in price. Hopefully I am right about it.

 

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there is a horrible rumor that the mint may limit The anniversary sets to one per household. I think the reverse platinum would look nice with the gold and silver reverse proof. wonder if they make a case for 2 slabbed one ounce coins and one for a one-half ounce coin. hu. well if there is a buck to be made in it, then someone probably has made it.

Either my surround sound is working real well or their is an owl in my den. gotta go.

 

You never can tell what will happen with low mintage. I have a 1999 - W Proof Quarter Ounce Platinum with a mintage of only 13,524 and really has done nothing

 

I am saying, however, and I believe this is can be demonstrated, that Platinum coins (and gold coins as well) have limited demand from the public because of the extreme price. Further, the large cost of the bullion suppresses the premium over bullion value for collectors market because the high price of the metal suppresses demand.

Ruben[/QUOTE]


Howdy Ruben...
Do not get me wrong, I do not think you were trying to put anyone down by any means! I just do not think you are aware of the demand for these coins on the upper levels of investment!
Granted not all Paltinum coins will sky rocket..but there are several years that have done very well. This set coming up will be in big demand!!
And to have all three sets ...well that speaks for itself!

RickieB

 

I didn't think that the one per household rumor was a rumor. I'm pretty sure that is what they're doing. Secondly, the demand will come from the reverse proof. They are only making 15,000 of these sets, and people who already go the silver and gold reverse proofs may feel inclined to complete the set. You may try to make the argument against people wanting to pay that much, but the 20th Anny Gold set started higher than these are expected to, and are selling for WAAAAAAY more than these are starting out at.

 

Scarcity

"They are only making 15,000 of these sets"

That would be a lot of Platinum sets. They only made 10,000 of the Gold 20th Anniversary set.

 

a lot

i am very sure. too many platinum anniversary. the mint want to make more money out of it. my advise is - don't buy it. - 2006 is one of the best year to invest to the mint products. 2007 is not. and maybe one of the worst.

 

You could be right, although from what I am seeing I am not so sure that is going to hold true because of a few things.

First off I see the sales for the 2007 W Unc gold have been low for a first week of sales, that may mean we all misjudged the rarity of the 2006 W Unc {The 2007 w Unc 1/2 ounce has only sold 2000 coins for example including 4 coin sets}. Since the Mint seems to sell the Unc as a percentage of the proof we can look at the proofs and see the one ounce has sold extremely well but the others have not matched it. The good news is there are no special sets that will add to some of the mintages for 2007 so actually the one ounce UNC may be a good buy if the sales continue as weak as they are.

But in a general sense i think as gold prices rise then mintages will generally fall as fewer people can afford the gold coins. The same applies for the platinum coins, the one ounce platinum at $1500 a coin is going to be a tough sell and I can't imagine those flying off the mint site.

Then you also have to add in the dilution of other gold coins being available. The first spouse gold coins are taking away sales from perhaps the 2007 W Unc this year and that may also be a factor. Plus later in the year we get the buffalo gold in fractionals.

Add all that up and I am not convinced we have the low water-mark for gold bullion sales. It will be interesting to see how it plays out but considering all the gold the mint is offering and the skyrocketing bullion proces it could signal lower sales ahead for some series.

 

RickieB, you write in your post that the platinum sets "will be in big demand." I agree with this statement, but I think that most of the demand will come from speculators trying to make a profit on these sets as opposed to collectors who want a set (or sets) for their collection. As we know, this is an excellent recipe for a bubble - prices rise quickly, bubble bursts, prices fall drastically.

 

And that is the reason the 2007 Anniversary Platinum Set will be a huge winner!!
My money is on that set and the gold burnished die "W" unc coins as well.

RickieB

 

I have both the gold and silver reverse proof from last year. Key word for the platinum anniversary set is the reverse proof as everyone knows. As much as I agree with many people about the platinum coin being pricey and for whatever reason they do not collect platinum, it is going to be awfully hard for me to ignore this coin. I do not think I am alone in this belief . Many people who missed out or now wished they have ordered more of the gold and silver anniversary will be looking at the next "Reverse proof" which in this case will be platinum. In my opinion the success of the the gold and silver anniversary sets will increase demand for the Platinum anniversary sets more so than if they had came out prior to these gold and silver anniversay sets.

Have read somewhere that the mint does not plan on selling the reverse as a single unit and will be available in sets only. Now you can read anything you want to in this but it may be the 25th anniversary sets before there is another reverse proof, who know. Guess a lot of us speculate in one way or another. lol

The secondary market hype created by speculators will undoubtably be intense. It still amazes me how many people will purchase coins on the secondary market when most of them can be obtained directly from the mint.

Disclaimer.
just my thought on the subject and can change in a heart beat.

 

This is a lot of hype. The reverse plats are not likely to be worthy of the price premium based on the art of historical importance of these coins that your projecting.

But that is my opinion and a decade from now we will find out.

Ruben

 

platinum 1/2 oz proof/reverse proof

platinum 1/2 oz proof and reverse proof at a mintage of 15,000 is considered the second highest in that series.

1997 - 15,432
1998 - 13,821
1999 - 11,098
2000 - 11,049
2001 - 8,268
2002 - 8,772
2003 - 6,181
2004 - 4,886
2005 - 5,720
2006 - 7,846
2007 - 15,000 (proof)
2007 - 15,000 (reverse proof)

the anniversary set should have been only 1,000 set to 1,500 set. or even lower. the mint get your money this time. they knew how to play the market.

 

Ruben.

I appreciate and respect your comments and opinion as I do others in this forum. It is good to get various opinion from others who may or may not agree with you. kind of like seeing both side of the coin so to speak. I understand what you are saying and can not say I disagree. Believe me I am still very much on the fense on the Platinum anniversary set.

I think in a lot of ways we are getting into the area of people who are primarily collectors and those who consider themselves as as investors/speculators. I consider myself a collector but I would also hate to see what I collecting worth much less than it is 10 years down the road, but that is part of it. Then again if one get enjoyment out of owning something durning that 10 year period , I am not sure anyone could place a $$ on that. Anyhow I am spending my kids inheritance.

 

don't buy

my suggestion is that don't buy platinum anniversary. it is a bullion coin.

 

They made 250,000 of the silver sets, and they have quadrupled in price..... I realize that these coins are much more affordable, but is it unreasonable to expect a modest doubling in price on the platinum price in a year. I say this keeping in mind that the Gold sets from last year have more than doubled, and the starting price was higher than the platinum set is expected to be.

 

So are the 2006 Silver and Gold set's....would you not have purchased those as well?

RickieB

 

2006 gold and silver

2006 gold and silver are the best so far. you have to owned them. if not, you missed the train. why? 10,000 reverse gold of one ounce gold is only a few percentage against 446,290 mintage of other year. and 250,000 reverse of silver proof is also very few percentage against 1,446,776 of its high mintage. while 15,000 of 1/2 oz platinum reverse proof against 15,432 of its high mintage. so the platinum should have a mintage of 340 pcs only to stay strong as to 10,000 reverse gold proof.

 

Why is all this West Point stuff so rare ???? Beats me.

 

i bought some when they first came out. i think the issue price was $20 or so.. i just sold 3 to help fund my near future purchases - they each sold for $95+ shipping ... rare? i dunno, but they are selling far above issue price.