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 Replies: 18 / Views: 4,803 |
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Moderator
 United States
34423 Posts |
Quote:
What companies do you think are best for buying platinum and gold? I don't see mention of your specific company in any prior CCF threads, but this question is asked frequently in this forum. I recommend going through some old threads to learn what others have experienced with purchasing bullion. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Moderator
United States
188878 Posts |
Congratulations!  No gold or platinum in my collection. Like others I have different priorities.  |
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Valued Member
 United States
73 Posts |
Thanks jbuck. I checked my account balance this morning and the transaction has been made. I wish I had bought the coin just this last December. Spot price of platinum was just $882/t oz. Oh well. My next "big" coin investment may be the 1916 D Mercury dime. That would complete my date-mint set of dimes from 1916 through 2017. :) That will be my next milestone! I haven't seen the 2018s yet. Edited by coinjem
03/13/2018 10:07 am
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Moderator
United States
188878 Posts |
Quote:My next "big" coin investment may be the 1916 D Mercury dime. That would complete my date-mint set of dimes from 1916 through 2017. :) That will be my next milestone! Excellent! I am missing the 1916-D and 2018 dimes as well. |
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Pillar of the Community
United States
4211 Posts |
 and Congrats~!! The only platinum in our collection is a single 1/10 oz. Would love to have a one ounce coin! |
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Valued Member
United States
73 Posts |
Hi and thanks for the welcome Debrajc. I'm getting antsy waiting for the email from the https://invest.usgoldbureau.com letting me know that the Pt Eagle has shipped. :) Delivery will be by FedEx and require a signature upon receipt. |
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Moderator
United States
15458 Posts |
Hopeful this all works out for you ... show us some photos whenever your Platinum coin arrives.  David |
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Valued Member
United States
73 Posts |
nickel searcher wrote: Quote:
Hopeful this all works out for you ... show us some photos whenever your Platinum coin arrives. I certainly will post a pic. :) In about a week... Once I have the coin, I will be able to critique the company from where I purchased it. I noticed that JM Bullion was selling a similar "common date" Pt coin for around $100 more. One of the things I've already learned so far after speaking with the USGB is that the buyer seems to have little to no choice of which year "common date" Pt coin one is purchasing. Is this true with other bullion dealers for "common date" Pt coins as well? Edited by coinjem
03/14/2018 4:59 pm
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Pillar of the Community
United States
2589 Posts |
Platinum price is tied somewhat to the car market, the more cars that are sold, the more platinum is needed for their catalytic converters. Likewise, political initiatives to improve greenhouse gas emissions drive stricter emissions standards and thus a higher demand for platinum. Conversely, "green" energy initiatives hurt the platinum market, as plugin electric cars require no catalytic converter and thus no platinum. The more people use plugin vehicles, the worse the platinum market gets lol
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Valued Member
United States
73 Posts |
If reversible PEM fuel cells were used more for converting excess wind energy to hydrogen by water electrolysis using platinum, green energy suppliers could store that intermittent energy supply better. Convert the stored hydrogen back to electricity when the wind isn't blowing. Electric cars on the other hand get their power usually off the grid, meaning that electric car is really running off of coal, nuclear, nat. gas,, hydro, whatever mix your utility company uses.
But that process is still in the design stages from what I've read. Germany has tried it, I believe, at a wind farm there.
At any rate, I still think the demand for platinum for industrial uses will increase. Just not yet...
Today I received the email from the USGB (link above) that the shipment of the coin has been made to Austin. Now it's just a matter of the FedEx driver to make the final delivery early next week! (Monday or Tuesday) :)
I also learned from a recent news release at the USGB web site, that their parent company is the official depository for gold, silver, etc., in the State of Texas. It's the first state-operated bullion depository in the USA. I thought that was interesting.
Edited by coinjem
03/16/2018 4:22 pm
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Valued Member
United States
73 Posts |
Delivered!    I need a better holder for the coin, but for now the plastic holder will have to do.  Any suggestions? |
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Moderator
United States
188878 Posts |
Quote: Delivered! Excellent!  |
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Pillar of the Community
United States
2023 Posts |
It's bullion (rather than proof) so the flip is fine for now, although the tape is a little distracting. You could do a 2x2 for minimal protection -- maybe an air-tite if you want, doesn't seem necessary for bullion.
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Valued Member
United States
73 Posts |
Thanks Alpha2814. I may try a 2x2, then keep it in a safe.
Yes, the tape is just temporary on that plastic container. I wanted to show how the coin was delivered, once I got it out of the bubble wrap envelope, the inner envelope, and the FedEx mailing box. The piece was well packaged.
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Pillar of the Community
Canada
1051 Posts |
Congrats on the platinum Eagle! Nobody seems to be in a big hurry to buy platinum while it's cheaper than gold, but in the long run I think it makes sense. I'm currently at about a 2:1 Au to Pt ratio...most people would consider that very Pt heavy.
While they may just be "bullion" coins, mine all get properly sized direct fit Air-Tites. At around $1300 a pop in Canadian dollars, 50 cents for a proper capsule seems reasonable!
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Replies: 18 / Views: 4,803 |
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Posted 03/13/2018 09:26 am
