Discussion in 'Bullion Investing' started by SD51555, Jan 19, 2015.
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US Mint stopped producing platinum eagle fractional coins in 2009. 1997-2008 for collectors versions, in low mintages, are all that are out there.
Despite the low demand and typically higher value of platinum over gold, that affects that demand, starting during the precious metals bull market of the last few years, gold and platinum have become about neck-and-neck in spot values and have basically stayed that way. Right now spot is $1,281 gold / $1,272 platinum per ounce.
I try to stay away from anything smaller than half ounce. The premiums seems to get crazy when you go lower. The only reason I'm into half ounce APE's is for some crazy reason, they are equal or lower in markup to one ounce APE's at apmex. This is a welcome quirk for me though. Full ounces wouldn't afford me great flexibility to dollar cost average into a position.
APEs are also denominated by the US government, and APMEX rounds are not. That's more security and affords you better liquidity than potentially selling APMEX rounds down the road. That's not crazy, that's intelligent.
The convenience of being able to whip up a sale on the phone vs racing home to pick up your bullion and get to the shop in time before some whale trader sits on the keyboard and closes the door on a trading opportunity is also a benefit. That's why buying and selling apmex branded stuff back to them isn't so much of a concern.
APMEX will always welcome APEs, not so easy to secure the bump in premium the APEs can achieve by reselling APMEX rounds to another buyer or dealer.
I simply think further down the road to a time when APMEX may not be in business or a trade with parties in another country who are unsure or unaware of whom APMEX is or was, should the firm ever cease operations or change designs, etc.
$20-$30 over spot is a normal premium for the 1/10th ozers. I'd try to stay at $30 or under. You did well getting one for $150, they pretty much will never retail for less than that at current spot prices.
I'm curious, what are you referring to? I don't think Apmex makes any in house platinum rounds. SD51555 is referring to buying 1/2 oz American platinum eagles I believe.
The 2002 has the 2002 design on the back, and not the standard back. I was under the impression only the proof coins got the special reverse image for the year.
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