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2013 AE Platinum Proof Sell Out

Discussion in 'PM's - Coins - Numis - Base Metals' started by b_cahill, Mar 12, 2014.



  1. b_cahill

    b_cahill Seeker Seeker

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    Wow! Last reported sales number 5,758 out of possible 15,000 mintage.
     
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  2. savvydon

    savvydon Gold Member Gold Chaser

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    Interesting. Looks like we are going to have a new semi-key to the series.
     
  3. b_cahill

    b_cahill Seeker Seeker

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    The 2013 proof PAE was available for 8 months. In contrast, the 2012 proof PAE was offered for nearly 17 months. It is hard to predict what the mint is going to do, especially in the future.
     
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  4. Zcamaro

    Zcamaro New Member

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    This is going to be a very popular coin due to the low mintage and very unique (reverse) design.
     
  5. hernancortes

    hernancortes Gold Member Gold Chaser

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    How I wish platinum Eagles were more popular. As hard as it is to predict what the mint will do, guessing what collectors will gravitate towards is tougher still.
     
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  6. shallow_explorer

    shallow_explorer Silver Member Silver Miner

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    Liberty Gold has them for $2375 each PCGS 70 FS. Seems like a decent price. 5,763 mintage is 2,100 coins fewer than the previous lowest mintage in the American Democracy subseries, the politically correct 2009 coin. Additionally nearly 250 fewer coins minted than 2004 coin making it the second lowest proof mintage behind the 2008 coin. Finally, the design is one of the more interesting, especially of the subseries. All in all, I'm selling some of my higher mintage eagles to pay for a few of these. But have decided I have to sell Pt to buy Pt. Not enough coin turnover for general hoarding. Collect the keys is my new mantra, when it comes to Pt eagles.

    On a different note, with this lower mintage, wonder what made the mint decide to reintroduce the 1oz Pt bullion coins. It wasn't overwhelming interest in platinum coins. Will the reintro of bullion coins increase interest in the nicer proof coins, or will it lead to an even lower mintage 2014 coin? I'm guessing it will be the latter option. Surprising that I cant even find the final 2014 proof design, yet. Heck of a way to run a railroad.

    With the ending of the six part proof series and the reentry of the bullion coin, combined with the delay in introducing the 2014 proof coin... Is the USM going to low mint the 2014 proof coin and then use this as an excuse to discontinue the proof series going forward? Having more than enough proof eagles, one could hope...
     
    Last edited: Mar 21, 2014
  7. b_cahill

    b_cahill Seeker Seeker

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    AE Platinum Proof

    2014 AE Platinum Proof went from an unspecified July release to TBD on the mint product schedule since yesterday. If I remember correctly, it has had a July release for at least the last 5 or 6 years.
     
  8. Solo

    Solo Midas Member Midas Member

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    I'm revisiting this thread since the 2014 coin just launched. I haven't tracked prices for the '13 coin, but the best label possible (pcgs FS 70) just sold for 2k and raw coins seem to be around $1750ish right now so it doesn't look like the coin has done much over the last few months. Then again I wouldn't expect it to due to declining PM prices as modern collectors seem to avoid prior keys and semi-keys when the markets are taking a beating from what I've observed.

    The '14 coin looks okay at best, but compared to the '13 it's horrid so I'm betting sales of the '14 will be dreadful. Does anyone here know who has the best price right now for slabbed 70 examples? Yes I know I can order one myself and all of that, but by the time I pay shipping & ins I'd rather just give a big dealer an extra $50 to avoid the hassle and risk.
     
    Last edited: Oct 21, 2014
  9. tekhen

    tekhen Seeker Seeker

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    rarely do i see Pt Eagles (of any sort) in shops?
    Pt Eagles seem to be for the few as they are not high on the list of most collectors. With that said, direct from the US Mint and uncertified.
    hope you find, if looking for slabbed.
     
  10. b_cahill

    b_cahill Seeker Seeker

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    The 2014 Proof PAE went on sale on October 20th, and was only available for 2 or 3 months. The last sales figure that I saw was 4,603. The mint website still has the 2015 listed as TBD. I am guessing that this year's eagles might be a quick sellout, if the spot price on platinum remains this low.

    (I had to re-visit a previous Yogi reference!)
     
  11. hernancortes

    hernancortes Gold Member Gold Chaser

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  12. b_cahill

    b_cahill Seeker Seeker

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  13. pay dirt

    pay dirt Gold Member Gold Chaser

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  14. SongSungAU

    SongSungAU Midas Member Midas Member

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    I think they were just messing with the product schedule lists this morning. When I looked, the dropdown box had 2015, TBD, and 2016. But nothing except 2015 would show. I tried selecting the TBD but nothing would happen.
    This evening I tried again and now 2016 is not in the dropdown box just 2015 and TBD. The TBD list currently contains two items.... the PAE is one of them.

    TBDlist.jpg
     
  15. savvydon

    savvydon Gold Member Gold Chaser

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    It is up there now... for sale on Dec 3rd.
     
  16. b_cahill

    b_cahill Seeker Seeker

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    With a maximum mintage of 4,000 and the lowest price in years, they might sell out quickly. While the mintage will be higher than the 2006 and 2008 burnished, 2015 is guaranteed to be the key for proofs. It is interesting that there is a household limit of one.

    To me this looks as good as any gold or platinum opportunity, at a time when there are quite a few.
     
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  17. hernancortes

    hernancortes Gold Member Gold Chaser

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    Plat. eagles have been a titanic disappointment for years but I'm gonna give this one a shot anyway.
    I predict it wont sell out for a couple weeks at least.
     
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  18. southfork

    southfork Mother Lode Found Mother Lode

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    Dang, 358.00 over melt makes me pass.
     
  19. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    I'll predict it will be gone by 6:00 pm today. Sure interesting.
     
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  20. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    Poof! Gone
     
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  21. hernancortes

    hernancortes Gold Member Gold Chaser

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    You gotta be sh#$ttin me.
    I got on at 12:02 and couldn't get an order in by 12:04. Sold out. wtf. This thing is gonna go high now!
     
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  22. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    I managed to get one. I was working on a second but couldn't get that through in time. Shocked at how fast this one went. Figured it would take a few hours at least.
     
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  23. hernancortes

    hernancortes Gold Member Gold Chaser

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    Four minutes or less is obviously a new record. The big boys screwed nearly every last plat. collector out there (all 15 of us... lol). I just know it was the big boys. If you are not 100% committed plat. collector with a fast connection and present online at the very strike of 12:00, you just got pasted by these bastards.
     
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  24. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    If your looking for one, eBay has them right now. I'm guessing the current eBay deals will go much higher. Currently plenty for sale at $1500 and one ending in two minutes for $1450.

    http://www.ebay.com/itm/2015-Platinum-American-Eagle-One-Ounce-Proof-Coin-PRE-SALE-/172017161331?hash=item280d059473:g:peYAAOSwfZ1WXyaD
     
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  25. hernancortes

    hernancortes Gold Member Gold Chaser

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    Thanks but now I'm bummed I couldnt get one for issue price.
    If there's some silver lining maybe this will jolt some life back into plat. eagles with the inevitable numismatic press being written on this as we speak.
    My hoard of plat keys with super low mintages will now explode in popularity, or so a guy can dream :2:
     
  26. b_cahill

    b_cahill Seeker Seeker

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    Same here. I completed the first transaction at 12:03, and couldn't get a second at 12:06. I suspected that it might sell out today, but not that quickly!
     
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  27. hernancortes

    hernancortes Gold Member Gold Chaser

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    My 2 weeks prediction was obviously wildly mistaken but there's definitely a lesson in there: the collectors count for nothing when the bigguns are involved. The thing is there was no chatter amongst them leading up to this near as I can tell. A stealth move.
    Plats are almost as dead as spouses FFS!!
     
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  28. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    Some dealers were offering buyers $100 per coin. I know our own TinBox was offering that too. If I'd got two I would have sold one and kept one. Keeping this one.
     
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  29. hernancortes

    hernancortes Gold Member Gold Chaser

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    My burnished plats are the last coins I'll ever part with, if I never part with them they will go to my sons.
    Among moderns they are really good looking and of course there's the mintage thing. Plats especially bullion ones are somewhat less common than the mintage tables indicate, due to attrition.
     
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  30. HistoryStudent

    HistoryStudent Midas Member Midas Member

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    Interesting that they could only make 4,000 platinum ounces - and create still another quick sellout.

    I wonder why they could not make more? What's the real reasons?
     
  31. howellzin

    howellzin Silver Member Silver Miner

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  32. SilverBuyer

    SilverBuyer Silver Member Silver Miner

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    Looks like I finally hit a winner, I figured it would sell out in 15 min but it even surpassed that.

    My reasoning:
    1. Its the lowest mintage platinum proof eagle
    2. 1 oz bullion platinum eagles are retailing for $300+ over spot which really makes buying this one a no brainer for anyone in the platinum market. If you are going to pay close to $1200 for a platinum eagle anyway might as well get the lowest mintage proof.
     
    Last edited: Dec 3, 2015
  33. SilverBuyer

    SilverBuyer Silver Member Silver Miner

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    Supposedly they were having trouble getting platinum blanks. (which is apparently the reason there is no 2015 1 oz platinum bullion coins this year)
     
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  34. savvydon

    savvydon Gold Member Gold Chaser

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    You can bet they will go back on sale... probably for another 15 minutes before they sell out. I'm guessing that the mint is going through orders to see which ones got disqualified by skirting the one per household requirement.

    I got one, which I plan on keeping. I had feelers out to obtain three others, which were unsuccessful. I will not pay aftermarket just to resell, even though I suspect there will still be some money to be made - it just rubs me the wrong way.

    If I was trying to collect these and got shut out I would give strong consideration to buying one in the $1500 range. I believe that they may never be that cheap again. 2c
     
  35. b_cahill

    b_cahill Seeker Seeker

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    The mint website says that 3,954 have been sold. This means that (at most) they might sell 46 more. You would have to get really lucky to get one. The cheapest BIN on the bay is $1900.

    3,954 of these sold in under 5 minutes and they were probably all shipped within 24-48 hours of each other. There is little doubt that all of these were minted before any went on sale, yet some people will probably pay a substantial premium for a "First Strike" or "Early Release" designation on a label.
     
    Last edited: Dec 9, 2015
  36. MrLucky

    MrLucky Silver Member Silver Miner

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    Mine was delivered yesterday. Box is still sealed. It sure is tempting to send this in for grading.....
     
  37. CrimsonGuardJay

    CrimsonGuardJay Silver Member Silver Miner

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    You won it on ebay at 15xx on sunday night, right?

    Lucky. You only won because I was playing in a christmas concert and didnt have time to use my iphone and bid until it had ended. I want a 2013 proof.
     
  38. savvydon

    savvydon Gold Member Gold Chaser

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    These things are going straight up. There are dealers willing to pay $2000 for one at this point.
     
  39. MrLucky

    MrLucky Silver Member Silver Miner

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    No, i didn't get mine in a auction, I got mine straight from the mint.
     
  40. hernancortes

    hernancortes Gold Member Gold Chaser

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    If I had been successful in getting 2 as planned, I'd bail on one of them at $2200 raw. If they kept going up I'd sell the other at $2400.
    These are plats after all.
     

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