Is this coin a good investment?

Why not pay him a fair price?

 

Log in or Sign up to hide this ad.

He told me the price he wanted for the coin I didnt set it.

 

Suit yourself. But under the circumstances, I sure wouldn't treat my brother like that, or even a non-family member, for that matter.

 

If it's your brother you owe him at least "melt". Now brother-in-law could be another story.....:smile

 

$25 below melt may still be more than a dealer would offer (PF-70 DC or not).

 

The low mintage proofs are not really bullion.

 

not realy bullion! what are they then?

 

If it is under spot you could flip it on Ebay and make some dough on it.

 

the mintage is 1/2 ounce 1,543

 

collectible or numismatic coins that bring a premium over bullion.:hammer:

 

1,543 is that alot?

 

seems really low to me

 

I am putting this coin away for at least 5 years so who knows it might be worth something by then

 

Depends a lot on the price of plat so I guess it could be called a partial bullion coin. Look into how much plat the newer design cars are using.

 

Granted, the US Mint has gotten pretty good at commercializing bullion by selling a wide variety of products with controlled mintages, proof finishes and fancy packaging. I also admit that it is only my personal opinion that the 70 fad is in fact a passing fad. It might be, and might not be, but I certainly wouldn't put any money on it by paying up for the 70 coins. Bullion should be bought and paid for as bullion and not based on some perceived artificial numismatic value.

Others are free to disagree.

 

Ahhh stick with gold bullion, I think Plat is still over priced. Just go for plain Ole bullion, nothing fancy. Traci.

 

I always looked at numismatic precious metal coins as a combination buy. On the one hand, its bullion, so that part of the value is basically preserved (though not as closely linked to dollar in Pt as in gold). Paying below spot is a no-brainer, but say Pt was $500 per ½oz, and the proof platinum ½oz eagle was $700. You'd be paying $500 for ½ oz of platinum, and $200 for a numismatic bullion coin.

Regarding platinum eagles, their mintage is extremely low, much lower than that of the gold eagles. The interest in them is also rather low. If that ever changes, the numismatic demand could far outpace any future drop in Platinum spot.

Further regarding Platinum: The price has been elevated for some time now by energy-related production issues in South African mines, among other production slow-downs, though currently depressed mainly because of the lack of demand from the auto industry. Conceivably, production will be on the upswing eventually, and, as more vehicles use less gas/more alternatives, catalytic converters will gradually be using less and less platinum, even none in electric cars. The auto industry makes up the bulk of the world's demand for platinum.

I personally keep a couple different fractionals (in proof or unc) of the platinum eagles from the past few years.

 

I remember when plat was less than gold (I was a buyer at that point).

 

I also remember it being upwards of $2,000.. such a wild ride!

 

$75 under spot is a seriously incredible price for a 1/2 ounce platinum eagle in ANY grade. I wouldn't deny it if someone offered it to me for that in knowlege of it's value. However, I would want to MAKE SURE your brother knew that the coin was worth much more than that. If he is ok with you getting a good deal, then go for it imo!! Sometimes bros give each other a break cuz they love each other. It's only unfair if your ripping him off due to his ignorance.