Platinum?

Discussion in 'Bullion Investing' started by FryDaddyJr, Jan 2, 2017.

  1. FryDaddyJr

    FryDaddyJr Junior Member

    Why no love for Platinum? and who is buying it all from the mint??
     
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  3. medoraman

    medoraman Supporter! Supporter

    Pt has a very high buy/sell spread. If I could find it fairly close to spot, I would love to buy more. Hard to find, and when you find it simply high premiums.
     
    FryDaddyJr likes this.
  4. Clawcoins

    Clawcoins Well-Known Member

    I had some 97 proof $100 coins. Wish I had them back.
    Other than that my bi-metal is still nice to look at.

    Gold 1oz are selling for about $63 over spot whereas Platinum $195 over spot. And of course Platinum now is less per oz than Gold.

    People have reference to gold and silver, not really platinum.
     
  5. chascat

    chascat Well-Known Member

    I plan on buying the Proof $100 coins when mint releases them...A great buy and low mintage...high re-sale value.
     
  6. baseball21

    baseball21 Well-Known Member

    The Platinum eagle series is one of the best things if not the best series the mint has going. With a lower price point a lot of people would be getting those, too many that want to are just priced out.
     
  7. Tater

    Tater Coin Collector

    Any word on when it will be offered?
     
  8. FryDaddyJr

    FryDaddyJr Junior Member

    so US platinum is numismatic, not bullion.
     
  9. baseball21

    baseball21 Well-Known Member

    Yes
     
  10. chascat

    chascat Well-Known Member

    Check the mint,s product schedule on their website.
     
  11. ddddd

    ddddd Member

  12. ddddd

    ddddd Member

    They make both bullion and numismatic versions. However, with the premiums on some of the bullion versions ($100+ over spot per oz), one can argue that they are priced as numismatic pieces.

    Also, many of the bullion platinum eagles have low mintages, so that would be another argument for considering them to be numismatic (or at least semi-numi).

    http://platinumeagleguide.com/mintages/
     
  13. Bman33

    Bman33 Well-Known Member

    I dug this thread up because my LCS had 10 Platinum Eagles on display this weekend. I want one but two things are stopping me:

    1) The $100.00 premium. 10% is high but I didn't ask what his buy back was for some reason, duh.

    2) Liquidity, if I can't sell it back at a decent price then it's work nothing to me.

    What are other's thoughts on Platinum? Would you indulge just like gold in it?
     
  14. Tater

    Tater Coin Collector

    Thanks for digging this one up. MY LCS today had a 1/10 oz in today for $125. I passed I"m not sure if platinum is the play that it used to be. But the 1/10 oz got me thinking has anyone put together a date set of the 1/10 coins?
     
    mpcusa likes this.
  15. Clawcoins

    Clawcoins Well-Known Member

    I had some 1997 1oz Proof Platinum APEs at one time.
    When I needed the money I sold them for Platinum spot.

    It's ironic, a few years ago Gold swapped with Platinum as a higher priced and has stayed that way ever since. This may have been due to the 2 other alternatives to Platinum in manufacturing.
     
  16. ddddd

    ddddd Member

    I would agree that $100 over spot is a little high for cash pricing. However, the premium for platinum tends to be higher than for gold. Lately there have been ebay specials for $65-$90 over spot for 1 oz platinum (the $65 was for a UK Queen's Beast and the $90 was for a PCGS MS 69 2017 US Eagle). Also, the Australian Platypus is one to watch as those can be had for $50-$80 over spot. All of these are credit card prices so you might receive another 1%-2% back via CC rewards.

    In terms of buy backs, Apmex (on their website) is selling the 2017 Platinum Eagle for $90-$100 over (depending on quantity) and buying back at about $35 over spot.
    http://www.apmex.com/product/102745/2017-1-oz-platinum-american-eagle-bu

    The Platypus is available on Apmex for $65 over (check price). There is no buy back price, but I would guess it would be around spot (maybe a little under).
    http://www.apmex.com/product/85029/australia-1-oz-platinum-platypus-bu-random-year

    In terms of liquidity, it really depends on your LCS. Apmex and some other big dealers will buy it.

    Finally, another thing to look for is fractional platinum Eagles. Sometimes you can catch good deals on ebay for a 1/4 or 1/2 oz (even proofs). The premium may be close to that $100 and up to $150 over per oz. However, these can have an even higher margin when reselling on ebay. I've seen buy-it-now listings for 1/4 oz proofs go in the $330-$350 range.
     
    Tater likes this.
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    I really like platinum, unfortunately the facts dont lie since 2010 it has the
    worst over all performance, and the only PM to be in the minus !
     
  18. Bman33

    Bman33 Well-Known Member

    What are the 2 other alternatives?
     
  19. ddddd

    ddddd Member

    Palladium is one. I don't know the other @Clawcoins
     
  20. Bman33

    Bman33 Well-Known Member

  21. Bman33

    Bman33 Well-Known Member

    Of the 218 tonnes of platinum sold in 2014, 98 tonnes were used for vehicle emissions control devices (45%), 74.7 tonnes for jewelry (34%), 20.0 tonnes for chemical production and petroleum refining (9.2%), and 5.85 tonnes for electrical applications such as hard disk drives (2.7%). The remaining 28.9 tonnes went to various other minor applications, such as medicine and biomedicine, glassmaking equipment, investment, electrodes, anticancer drugs,oxygen sensors, spark plugs and turbine engines.[54]
     
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