Platinum seems to move with the Auto Industry...so it may remain low for awhile. Still, these are attractive prices (historically). It may be time to start working on the platinum bullion collection I've always wanted. Plantinum coins have some of the best designs! (imo)
I agree, and am working on the set slowly myself as well. However, sellers who used to want $200 premiums for proof platinum eagles now want $600 premiums. I think the entire proof platinum series is underappreciated. Some of the best artwork I have seen from the US mint in the last 30 years. The bullion coin is simply atrocious, but the proofs are nice.
I do like the platinum proof designs. I popped over to the Mint site yesterday, and checked the pricing chart. Looks to me like the Mint itself has something like a 600-dollar premium baked in on the cost of the 1oz coins -- that is, if platinum is at $500, the coin will be around $1100. Sorry, but I don't like them that much. Not happening. Not unless the Mint readjusts their premium structure, and TBH probably not even then.
I know the thread is about the falling platinum prices. I don't mean to derail things..... I would agree that the artwork displayed on these pieces far surpasses anything the mint has offered up in recent memory..... But doesn't the waifish and almost childlike portrayal of Lady Liberty almost lend an appearance of weakness?.... I know it is in the eye of the beholder and all. I'll go crawl back under my bridge now.. Sorry.
The low prices are the paper ETF prices. If the prices are going to really fall, we're going to need a longer financial fall until people need to sell their PMs to pay for necessities.
I’m new have no clue how to post a thread please help. Does anyone know where a good website on US coin varieties can be found?
its like how silver is currently at 12.25$ now, when not even 3 months ago, it was nearly hitting 19$.
The markups do seem ridiculous. If they sell 10,000 of a design, they generate a $6,000,000 seigniorage. That certainly seems like a lotta profit for a single design, but I have no idea what their costs are. Whatever they collect has to fund the entire process (including facility overhead). I found the U.S. Mint's 2020 Pricing Grid... HERE.
Platinum is already have the cliff, have been buying it for years and now I am just going to buy more
Wow. As a percentage it really sticks out in these lower markets. $1200 for $600 in bullion kind of hard to stomach.
Its just amazing, though I would say stay away from Palladium until the price settles in as it is all over the place.