Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Is this coin a good investment?
>
Reply to Thread
Message:
<p>[QUOTE="AuSgPtHoarder, post: 621318, member: 9817"]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.</p><p> </p><p>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.</p><p> </p><p>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.</p><p> </p><p>I personally keep a couple different fractionals (in proof or unc) of the platinum eagles from the past few years.[/QUOTE]</p><p><br /></p>
[QUOTE="AuSgPtHoarder, post: 621318, member: 9817"]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.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Is this coin a good investment?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...