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 Replies: 22 / Views: 3,140 |
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Pillar of the Community
United States
5855 Posts |
I've been meaning to get myself an American Eagle One Ounce Platinum Proof Coin for awhile now, but was always turned off by the high premium. And, now that platinum (along with silver and gold) is shooting skyward, you'd think that this would be the worst time to buy one, right? Well, maybe not... Unlike silver products, which have their prices adjusted if and when the Mint sees fit, the prices for gold and platinum products are supposed to adjust automatically according to a chart that can be found here (requires Adobe Acrobat Reader). According to that chart, the price for one ounce platinum coins is supposed to be $1792 when platinum is trading between $1,450.00 and $1,549.99. Once it goes above $1549.99, however, the price is supposed to increase $100 to $1892 until platinum trades above $1,649.99. Well, I just checked the Mint store and discovered that the 2012 One Ounce American Eagle Platinum Proof is still selling for $1792, despite the fact that platinum is now trading at $1590 and the coin should be selling for $1892. And so, what the heck -- I bought one! Yeah, the amount of money I paid is exactly the same as if I had bought it last week, so I'm not really "saving" anything. But it still feels like I got a bargain since I should have paid $100 more (and the price of platinum might continue to rise). I don't know how long this current pricing will last, but I just thought I'd pass the info along... |
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Pillar of the Community
United States
1454 Posts |
Thanks, Barry. I don't have much faith in platinum, though. It's not as strong of an industrial metal as it used to be and I still have a sinking feeling that we haven't seen the last of the Great Recession just yet and I'd "think", w/out looking at historical data, (almost) purely industrial PMs would fall a bit harder than silver or gold.
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Pillar of the Community
 United States
5855 Posts |
Well, it's not really "purely" industrial the way, say, palladium and rhodium are. After all, it's used in jewelery and coinage (even if not historically). Plus, it sure is pretty...
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Bedrock of the Community
13014 Posts |
The Platnium ASEs are my favorite of the group, I love the designs they have on them
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Pillar of the Community
United States
4008 Posts |
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The Platnium ASEs are my favorite of the group, I love the designs they have on them Would those be APEs?  |
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Bedrock of the Community
13014 Posts |
Lol yes. ASE is such a force of habit at this point |
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Pillar of the Community
United States
667 Posts |
So we now have ASE's ( American Silver Eagles)dipped in Platinum with a picture of an APE on them.  Not in to platinum but glad you did well. |
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Bedrock of the Community
13014 Posts |
I would buy the platnium ASE with an ape on it in a second. That coin sounds hilarious |
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Valued Member
United States
141 Posts |
platinum seems to be the precious metal to have jewelry nowadays, even more so compared to gold. For that reason platinum should always be a strong safe bet, but I would still put my money on gold and silver
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Pillar of the Community
Japan
666 Posts |
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platinum seems to be the precious metal to have jewelry nowadays, even more so compared to gold are you sure? ))) |
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Pillar of the Community
United States
5855 Posts |
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platinum should always be a strong safe bet, but I would still put my money on gold and silver Oh, I couldn't agree more about silver and gold being better. That's why I'm not stacking platinum. I just thought it would be nice to own one... |
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Pillar of the Community
United States
4008 Posts |
Quote:So we now have ASE's ( American Silver Eagles)dipped in Platinum with a picture of an APE on them. Yes, that would be pretty hilarious, alright. And yet... how many of us would buy one just for the novelty? I probably would. Heh, maybe they could make it a "Planet of the Apes" commemorative or something? |
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Pillar of the Community
United States
2764 Posts |
Congratulation barryg, You are just buying into a 6 coins series APE. If I have the mean to, I would love to collect this short set. The mintage is only 15,000, which is low compare to AGE & ASE coinage; however, there are not as many collectors of APE coinages. The description from the US Mint: "In 2009, the United States Mint introduced a new six-year platinum coin program. This new series explores the core concepts of American democracy by highlighting the Preamble of the U.S. Constitution. This program will examine the six (6) principles of the Preamble as follows: 2009--To Form a More Perfect Union 2010--To Establish Justice 2011--To Insure Domestic Tranquility 2012--To Provide for the Common Defence 2013--To Promote General Welfare 2014--To Secure the Blessings of Liberty to Ourselves and our Posterity The themes for the reverse designs for this program are inspired by narratives prepared by John G. Roberts Jr., Chief Justice of the United States, at the request of the United States Mint." |
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Bedrock of the Community
13014 Posts |
I would love to some day have a complete set of the APE series
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Pillar of the Community
United States
5855 Posts |
On a related note, I was just on the phone with a customer service representative from the Mint and found out that price changes, if any, go into effect on Wednesdays. Platinum is now at $1604, so I expect the price of the proof coin I bought to go up to $1,892 tomorrow.
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Pillar of the Community
United States
5855 Posts |
As predicted, the price of the proof platinum coin is now $1892. On a related note, the 2012 American Eagle Gold Proof Four-Coin Set that I bought a few weeks ago for $3,493 was also repriced today and is now at $3,678.
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Replies: 22 / Views: 3,140 |
Posted 09/07/2012 2:08 pm
