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Thread: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

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    Default If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    I was quoted $229 for a 1/10 oz Platinum American Eagle at the local gold shop today. I said, "that's 25% over spot!" All he could say was platinum commands a high premium. I bet he'd be saying the exact opposite if I was trying to sell him a platinum eagle.

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    Default Re: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    Quote Originally Posted by Usc96 View Post
    I was quoted $229 for a 1/10 oz Platinum American Eagle at the local gold shop today. I said, "that's 25% over spot!" All he could say was platinum commands a high premium. I bet he'd be saying the exact opposite if I was trying to sell him a platinum eagle.
    If it is either a 2006W or 2008W, it would be a bargain. Same goes for the 2008 non W "Judicial" reverse. Otherwise, yes it is to high.

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    Default Re: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    I have only bought one platinum 1/10 coin and I think I paid $130 for it. Having checked ebay the buy it now listings are less than $229. That tells me that the auctions are ending at even less than the BIN price.
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    Default Re: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    Premiums on fractionals are way to high.

    I would like to get some more 1/4 oz AU but the premiums are to much.

    Lets not even talk about 1/10 oz.
    *Disclosure: long physical gold, silver and mining shares

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    Default Re: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    It was a 2005, and it was not one of the W proofs.

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    Default Re: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    Quote Originally Posted by elroy View Post
    Premiums on fractionals are way to high.

    I would like to get some more 1/4 oz AU but the premiums are to much.

    Lets not even talk about 1/10 oz.
    You might want to look into the $5 gold commemoratives
    Quote Originally Posted by Usc96 View Post
    It was a 2005, and it was not one of the W proofs.
    Look for "W" fracs in mint state, Not proof. Mint State "W" fracs is where the gravy is with the exception of the 2008 Judicial proofs in $10 and $25

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    Default Re: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    You can get these with rebates off eBay at or below spot if you keep an eye out for them. Having a lot of luck on platinum coins off the bay over the last 90 days doing this. My last 1/10 coin I got after rebates/ebucks for $182 shipped.

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    Default Re: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    I was able to buy a 1/10 PAE for $166.50 last Nov from my local pusher. Last month I picked up a 1/10 Isle of Man for $175. Even with the sales tax (yeah - I live in a state that charges tax on bullion), it still comes out to a good deal. Whenever I can't find any Silver that I want, I always ask what they have interesting sitting around. They have to sit on Platinum and Palladium until they get enough to send off to be melted, so they are happy to sell me some at melt.

    I've picked up quite a few deals at melt by simply asking.

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    Default Re: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    Worth around $195 - $200 private party. More than that is too much.

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    Default Re: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    Quote Originally Posted by elroy View Post
    Premiums on fractionals are way to high.

    I would like to get some more 1/4 oz AU but the premiums are to much.

    Lets not even talk about 1/10 oz.
    Gram bars premiums are usually less.
    The Golden rule: Those that own the gold make the rules.

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    Default Re: If you wanted one, how much would you pay for a 1/10 oz Platinum American Eagle?

    I would not invest a dime into PT. If you look back the metals that always rise in true times of distress are above all gold and secondly silver. PT and PD always hit the benches because they are not money. When you invest in them you are investing in 100% commodities based purely a commercial acme.

    Has there been gains in these markets, yes, but let’s wait and see who comes out on top. Historically other metals have been used throughout time (copper, zinc, etc..) and all have dwindled in comparison to real money (gold and silver). The modern examples of those metals used long ago as money are PT and PD. If I did buy any of these I would simply use them to leverage my position in gold and silver when I sell them.
    Between the two, I would go the PD route due to its scarcity and higher demand in the scientific/commercial fields. The premiums are not worth it for either of these two metals in fractional based on the their long term probability.
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