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 Replies: 10 / Views: 3,294 |
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Valued Member
United States
390 Posts |
Is anyone going to be buying this set on Thursday when they become available?
The price is $1,949.95 for a proof and reverse proof. 30,000 sets available, with a limit of one per household.
What do you think the future value of these will be? It seems like the platinum coins are pretty pricey, but that's because of the metal cost.
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Pillar of the Community
United States
812 Posts |
I'm sure there will be buyers, but I bet they won't sell a lot of them; so there is a decent chance that they will go up in value (the 2004 proof platinum eagles are an example). If money were no object, I'd consider it ... but money is an object.
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Valued Member
United States
130 Posts |
I'd be interested in a Silver set like that but can't justify the platinum price.
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Pillar of the Community
United States
2269 Posts |
I am considering the Platinum Eagle Anniversary Set. The cost is high, but I have both of ASE and AGE 20th anniversary sets. This one would make a nice companion. I don't see a sellout on this one. Besides the price, Platinum is just not popular as a collectible. If you look at the mintages for Proof APE, you will see a drop since production started in 1997. The 2004 Proof APE is pricey due to the lowest mintage in the series. The lowest mintage for any Platinum coin so far is the 2006 Burnished Eagle that was introduced last year. I believe as an investment, these are the ones to keep an eye on. Their inaugural mintage are the lowest of any bullion coin offered by the US Mint. With the rising prices of Platinum, these will continue to have very low mintages in the future. I wouldn't be surprised to see mintages for one of these denominations, below 1000 pieces. That being said. The APE 10th anniversary set will not sell out, but it would make a great addition to any Platinum Eagle collection. |
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Valued Member
 United States
390 Posts |
Why is there a 10th anniversary set for 2006 and also now, for 2007? I see there is a different reverse for 2006, 2007 and 2008 for each branch of government, but are they able to call all of them 10th anniversary coins?
I see the mintages of the 2006 coins was in the 6,000 to 7,000 range. To have this special set at 30,000 seems pretty high.
Edited by Guido
12/12/2007 02:14 am
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Bedrock of the Community
United States
14454 Posts |
I think the price of platinum itself keeps these coins out of most peoples portfolio but there are those who do buy them each year and I don't think they will be stopping anytime soon, but for the average joe like me I don't think these coins are really a must have for their collections
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Bedrock of the Community
United States
17884 Posts |
quote:
Why is there a 10th anniversary set for 2006 and also now, for 2007?
Simple reason, the gold and silver eagles came out in 1986 and the platinums didn't come out until eleven years later in 1997. So last year was the 20th anniversary for the gold and silver, and this year is the 10th anniversary for the platinum. |
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Valued Member
United States
390 Posts |
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Bedrock of the Community
United States
17884 Posts |
Ok, the set being put out by the mint marks the tenth anniversary of the program, the label on the $25 coin was placed there by PCGS at the request of some major submitter and more correctly should indicate tenth year of mintage not tenth anniversary. So in one case it is a government recognized anniversary and in the other it is a private promoter trying for a premium.
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Valued Member
United States
144 Posts |
That's funny, I never thought of that. I guess it's the year 2000/2001 last year of the millennium argument. 1997 through 2006 is ten coins in ten years. The 2007 would be the eleventh coin.
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Pillar of the Community
United States
2443 Posts |
I can't justify spending $2000 for something that might increase or might not increase in value. I would rather take the two grand and spend it on other coins. There's so many nice coins that you can buy for $2000.
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Replies: 10 / Views: 3,294 |
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Posted 12/11/2007 11:35 pm
