Platinum Eagle on sale today

[EE_]

Considering the US Mint sells a proof gold eagle for $1,410 and proof gold buffalo for $1,440, this looks like a good deal with only a 4,000 limit.
Free shipping until Dec. 10 on orders $100 or more.
I should add, this is the lowest mintage platinum eagle in bullion/proof to date.

http://demandware.edgesuite.net/aarb_prd/on/demandware.static/-/Sites-usm-master-catalog-us/default/dwc67480de/images/hi-res/coin-programs/American-Eagle/pm8_a.jpg
http://demandware.edgesuite.net/aarb_prd/on/demandware.static/-/Sites-usm-master-catalog-us/default/dwa75205a5/images/hi-res/coin-programs/American-Eagle/pm8_b.jpg

$1,200.00 This product will be available for sale on December 3, 2015, at 12 noon (ET).

Item Number: PM8
Mintage Limit: 4,000
Product Limit: 4,000
Household Order Limit: 1

http://catalog.usmint.gov/american-eagle-2015-one-ounce-platinum-proof-coin-PM8.html?cgid=platinum-coins#start=1

[osoab]

Not a good buy with spot in mid 800's

[EE_]

Not a good buy with spot in mid 800's

You sure about that? This coin becomes the key date of all the platinum series going back to 1997.

This is the proposed design for 2016, second of the 2 year series.

http://d3jsg6v4h2swe0.cloudfront.net/wp-content/uploads/2016-Platinum-Proof-Program-Designface.jpg?867006

[osoab]

You sure about that? This coin becomes the key date of all the platinum series.

This is the proposed design for 2016, second of the 2 year series.



Yeah, but were talking about platinum not gold. My reasoning is more personal opinion than anything else. If I want platinum, I will buy platinum just not some overpriced numismatic that will only have a narrow resale market as a proof.
If platinum goes back to the 2000 area, would you sell these for platinum melt value or for the numismatic value.

What year did any mint start making proof platinum rounds? Seems like a gimmick to me.

[EE_]

Yeah, but were talking about platinum not gold. My reasoning is more personal opinion than anything else. If I want platinum, I will buy platinum just not some overpriced numismatic that will only have a narrow resale market as a proof.
If platinum goes back to the 2000 area, would you sell these for platinum melt value or for the numismatic value.

What year did any mint start making proof platinum rounds? Seems like a gimmick to me.

I'm considering buying one for a flip. Dealers are offering pre sale coins for $1,550 - $1,695
There are dealers offering $100 over for your coin now. I would be speculator and the moment I could get $500 more then I paid, it will be sold. The downside risk, is maybe -$100-$150 loss. It's a crap shoot. Keep in mind there are no bullion companion coins this year.

For 2014 the mint sold 4,629 proofs 16,900 bullion

In 2014 the mint sold 3,341 proofs in the first 7 days @ $1,650

Mintage figures

Non-Proof Coins
Year $10 – 1/10 oz. $25 – 1/4 oz. $50 – 1/2 oz. $100 – 1 oz.
1997 70,250 27,100 20,500 56,000
1998 39,525 38,887 32,419 133,002
1999 55,955 39,734 32,309 56,707
2000 34,027 20,054 18,892 10,003
2001 52,017 21,815 12,815 14,070
2002 23,005 27,405 24,005 11,502
2003 22,007 25,207 17,409 8,007
2004 15,010 18,010 13,236 7,009
2005 14,013 12,013 9,013 6,310
2006 11,001 12,001 9,602 6,000
2007 13,003 8,402 7,001 7,202
2008 17,000 22,800 14,000 21,800
2014 0 0 0 16,900

Proof Coins
Year $10 – 1/10 oz. $25 – 1/4 oz. $50 – 1/2 oz. $100 – 1 oz.
1997 36,993 18,628 15,431 20,851
1998 19,847 14,873 13,836 14,912
1999 19,133 13,507 11,103 12,363
2000 15,651 11,995 11,049 12,453
2001 12,174 8,847 8,254 8,969
2002 12,365 9,282 8,772 9,834
2003 9,534 7,044 7,131 8,246
2004 7,161 5,193 5,063 6,007
2005 8,104 6,592 5,942 6,602
2006 10,205 7,813 7,649 9,152
2007 8,176 6,017 25,519 8,363
2008 5,138 4,153 4,020 4,769
2009 0 0 0 7,945
2010 0 0 0 9,871
2011 0 0 0 14,790
2012 0 0 0 9,081
2013 0 0 0 5,763
2014 0 0 0 4,629
https://en.wikipedia.org/wiki/American_Platinum_Eagle

[BrewTech]

You sure about that? This coin becomes the key date of all the platinum series going back to 1997.

This is the proposed design for 2016, second of the 2 year series.

http://d3jsg6v4h2swe0.cloudfront.net/wp-content/uploads/2016-Platinum-Proof-Program-Designface.jpg?867006
Jeez! Not to be creepy or anything, but... Jeez!

[EE_]

Jeez! Not to be creepy or anything, but... Jeez!

Why, because she has no nipples?

Would you like it if she had a pair of pencil erasers?

[palani]

Why, because she has no nipples?
No. Spelling errors.
http://i66.tinypic.com/334hoy9.jpg

Note also the $ symbol rather than

http://i68.tinypic.com/2zhkv0k.jpg

[EE_]

I knew this was a monster buy, fuck!
I was the first call...by the time she entered my order the 4,000 mintage was gone. The internet orders took them all in the first 3 minutes.
SOLD OUT!

That has to be a US Mint record sell-out 4,000 in 3 minutes.

[EE_]

You guys that thought these were a bad buy...they're selling like hotcakes on ebay, highest price so far $1,799. Nice $600 profit in the first hour!

http://www.ebay.com/sch/i.html?_from=R40&_sacat=0&LH_Complete=1&LH_Sold=1&_nkw=2015+platinum+eagle+proof&_sop=16

[ximmy]

I didn't know about this. I would have bought one... these always sell for a high premium over spot.

[EE_]

I didn't know about this. I would have bought one... these always sell for a high premium over spot.

The mint only offered these a week ago.

I was the first caller and the lady was dicking around putting in my order, she said the puter was slow...by the time she entered it they were gone.
This is the key date for all the PT coins. I'm still pissed!

Look what these lunatics are asking now http://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=2015+platinum+eagle+proof&_sop=16

[madfranks]

Damn, this reminds me of the Kennedy gold 50 cent pieces that got issued last year, they sold out immediately and went for insane premiums online.

[EE_]

Damn, this reminds me of the Kennedy gold 50 cent pieces that got issued last year, they sold out immediately and went for insane premiums online.

Highest price sold so far $2,000...that's a $800 profit for 5 hours of no work.

[palani]

Highest price sold so far $1929.99...that's a $729.99 profit for 3 1/2 hours of no work.

Askin' is not Gettin'.

[EE_]

Askin' is not Gettin'.

No sir, that is a sold price http://www.ebay.com/sch/i.html?_from=R40&_sacat=0&LH_Complete=1&LH_Sold=1&_nkw=2015+platinum+eagle+proof&_sop=16

[EE_]

It will be interesting to see what a First Strike PCGS Proof 70 will go for

Highest price paid so far $2,499.99
http://www.ebay.com/itm/2015-W-One-Ounce-American-Eagle-Platinum-Proof-Coin-IN-HAND-/262181723000?hash=item3d0b3f9b78:g:xj4AAOSwf-VWZubY

Highest asking price $9,999.99
http://www.ebay.com/itm/2015-W-American-Eagle-Platinum-1oz-Proof-Coin-PM8-VERIFIED-COMFIRMED-ORDER-/121834801370?hash=item1c5deb88da:g:b40AAOSwnipWXza 6