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 Replies: 26 / Views: 6,351 |
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New Member
Canada
36 Posts |
Hi Well I just acquired the new 2009 1 Once Pure Platinum Coin from the RCMNow price is quite steep but I mainly bought that coin because of its extremely low mintage. Only 200 will be produced. Just wondering if any of you guys here have some platinum and about howmuch over spot they usually go for, cause from what I can see on ebay and other site, you cannot buy them anywhere close to spot. Anyway keep me posted, its gonna be my first platinum coin. I can post pics when I will receive it if you like Thanks |
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Pillar of the Community
United States
2150 Posts |
What coin was it exactly?
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New Member
 Canada
36 Posts |
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Pillar of the Community
United States
2150 Posts |
Oh really, no maple leafs this year?
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New Member
Canada
36 Posts |
I believe they still make the maple leaf, however the maple leaf is a bullion coin,
This one here is a Collector coin.
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Pillar of the Community
United States
2150 Posts |
I dont know I just cant get over how much over spot these are going for, seems a bit steep even for the low mintage. As an investment I would stay away for personal collection if your happy with the purchase thats all that counts
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Pillar of the Community
Canada
1051 Posts |
It's a tough niche because a lot of collectors don't chase after mint product, and most metal buyers
are only going to be concerned with weight and spot price. It's a nice coin and if you like it then
it's worth it. But a word of caution, I see a LOT of "numismatic precious metal" coin get sold to dealers
based on spot price. I know this is not what you want to hear right now, but as someone who learned their
lesson in the past, unless you are very spendy or absolutely love the numi-PM, your eventual return on investment
could be maximized elsewhere.
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New Member
Canada
36 Posts |
Thanks for the replies, well to be honnest I was just asking the questions, I mean in general terms I knew it was expensive and well I liked the look and the fact that it will be a rare piece nonetheless.
Thanks guys appreciated it,
Let me know if you want a pic, I should receive it this week
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Pillar of the Community
Canada
693 Posts |
Your coin, in my opinion is a bullion coin..........sorry, hence you paid too much.......
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Valued Member
United States
324 Posts |
There is little pricing history for low mintage coins such as this. And its hard to say how collectors will view it 10 years out. So far though, prices have held up well on some of them. In the case of a few special issue Maple leaf coins, after market prices have exceeded the issue prices.
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Valued Member
197 Posts |
No matter how many are actually minted (in this case they say 200), it all comes down to supply and demand. If there are only 30 "collectors" for this coin, the aftermarket sales will be somewhere near spot X number of years down the road. If there are 250 collectors for it, it will gain in value. Right now you are talking nearly single-digit percentages for the number of recent RCM products that escalate in price after issue. No matter how many are minted, most everyone considers things like this as bullion coins with a large mark-up and there is a very small collector base. |
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Pillar of the Community
Canada
899 Posts |
What I have seen from the past to the present on the higher percentage of coins bought from the RCM / post office is that the value a year or two down the road is much lower than original purchase price.  with those who said that the demand from collectors will be low BUT on the other side of the coin if your are happy, this is all that matters... Nice Coin |
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Pillar of the Community
Canada
598 Posts |
Quote:
Your coin, in my opinion is a bullion coin..........sorry, hence you paid too much.......
coinsrfun Here's another overpriced and rare bullion coin. But, if you got in on the ground floor you'd be laughin'... one year, low mintage, even ebay rare... 1/15th oz, $2 gold maple... to match up with circulating currency. eg. 1, 2, 5, 10, 20, 50 and 100 dollars. The $2 dropped away after a single year, low mintage.   |
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Pillar of the Community
Canada
1051 Posts |
mkb - there is some precedent for numismatic platinum, that being the proof platinum sets 1995 and later which had individually issued low mintage coins. As a perfect example, I had the 1996 Peregrine Falcon coin at one time, which was issued individually in a quantity of 196 coins. This was my numi-PM education coin, as the half ounce coin was priced at about 1 ounce of platinum spot price. As platinum later rose in price, I saw my chance and sold it for a break-even price. What I learned with that coin was that if I had bought a 1 oz platinum ingot or Maple, I would have doubled my return, instead of breaking even.
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Pillar of the Community
Canada
693 Posts |
IBGOLDEN......you did well it seems..........1 in a row of NCLT. Maybe 5 in 20 years? Odds not good was my point.
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Valued Member
United States
324 Posts |
You never know what will happen with sales of this $300 coin. The premium on the coin is quite high over the value of the metal, so the mint may not sell all of them. Sales of all their over priced products have fallen dramatically in the past few years, and prices on some of them have risen due to unexpected reduced availability.
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Replies: 26 / Views: 6,351 |
Posted 09/27/2009 11:44 pm
