platinum anniversary set has arrived

A fool and his money are soon parted.

 

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I see the las test information on the sale of the Platinum Anniversary set is at 15,840 . This is through the Christmas holidays.

Posting a link but not sure it will work. One way to find out..

http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=3571

 

I decided not to buy as of now. I may change my mind. The thing I do not like is they have sold almost 5000 Platinum Proof "W"American Eagles half-ounce in the 4 coin sets and 1300 singles with a cap of another 3700.
with 30,000 plus another 10,000 could be 40,000 plus half oz proofs that high in the platinum world. Even 30,000 for the reverse is high.
The Jamestown Unc ¼ oz gold has ended with a low 18,000 coins.
Even Dolly's coin may not reach the limit

 

Does that mean Dolly's coins may be more valuable?

 

are you serious that whole series wont be worth anything in our life times save the gold value i it

 

Platinum prices are absurdly high at the moment. There are plans of increasing production levels in Zimbabwe, a rather politically problematic issue for the mines but it has a potential of about 1 million ounces per year in 2012 which is about 1/7 of the current world platinum production, currently at 6.6 million ounces. Currently about 50% of platinum produced goes straight to automobile catalysts and there are stories of trying to reduce the levels of platinum used by replacing it with gold or palladium. In short term sure, platinum prices will continue to rise but in the long run, I highly doubt it. It's hard to say though, if there are many of such platinum coins sold due to spectator purposes - it's not a good one.

 

I'm keeping my eye on the mintage numbers for dolley it could happen

 

You must be related to Nostradamus, First of all most dealers do think the liberty heads such as the Jefferson spouse coin will be winners. Many people bought the coins to sell for a big quick profit. To many sellers right now and selling at a panic price to make room for the next thing

 

I have talked to many dealers that are sick of chasing sell out items and actually lost money on 2007 commemoratives and have decided to stick with classic coins and deal with the mints junk in 2008.

 

I wasn't saying that; just that any issue that doesn't sell out and therefore has a relatively low mintage might turn out to be a key coin in the series. Everyone has assumed that the "Liberty" coins in the series for spouseless presidents would be the keys, but that might not turn out to be the case.

I still believe that eventually, a complete set of these coins will be worth a significant premium. This requires waiting at least 10 years and an investment that will exceed $40,000, assuming that the price of gold doesn't drop significantly.

What that premium will be is anyone's guess, but there seem to be plenty of people out there who think nothing of paying more than $40,000 for a single coin. This set will be 80 coins (arguably attractive) containing 40 ounces of 0.9999 gold. I think there will be takers.

 

there hs to be demand for these sets after the intial hype dies down no one will care and collectors who do care will continue to purchase directly from the mint. You said it yourself a collection worth at least $40000 in gold prices who will be interested in that for a modern series. all the collectors who pay that much for coins not one of them does it for a modern coin. Furthermore if you miss out on a couple of coins from the series you will buy those from the market not the entire set of 40 coins. I may be wrong but the way gold is going there will be very little if any numismatic premium attached to these coins

 

With platinum now nearly $2000/oz, this set is now in the money!

Platinum was in deficit 400,000 oz in 2007, and looks for 2008 to be the same.