I am enjoying it...

Well, a couple of things:

1. It makes me VERY glad that a few weeks ago (maybe a month), I was perusing the Mint's web site, and found a "leftover" 1oz Platinum Proof 2007 coin for $1,740.95 I believe. I grabbed it. In retrospect, I wish I bought more than one. It hasn't arrived, but I have my order confirmation, so...I am hoping they don't get ornery and try canceling my order.

Either a couple days or maybe a week after I placed my order, the Mint increased the price on that SAME coin to $1,980 (where it stands now) and while it seemed like a HUGE price jump, it still seems like a bargain with Platinum hovering around $2,150.

However, as another kind user just told me today, the Mint has put an end to the sale of those at all. I checked their site, and he's right.

This is what it says:

"Due to the increasing market value of platinum, the American Eagle Platinum Proof Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time."

The part that I REALLY like though? The part that says "American Eagle Platinum Proof One Ounce Coin Product Limit: 6,000, and that this is part of their The Foundations of American Democracy series, so the 2007 coin features The Executive Branch, making it all the more unique. Because of the cost, I hadn't bought platinum from the Mint in years, but I think I grabbed at least ONE at JUST the right time!

2. I am equally happy that I got the 30th Anniversary Platinum Set at $1950 - it was high at that time, but since the price has risen so much, it's WAY below melt, and you get a Reverse Proof coin out of the deal, and limited mintage, and the lovely presentation box! Turned into a MAJOR bargain!

Some of you may remember my saga about the Mint sending my set EARLY, too early in fact. It arrived on December 24th, a week before they were even supposed to SHIP IT. Since it wasn't even supposed to be shipped until December 31st, I thought NOTHING of opening the package from the "Fulfillment Center" and to my dismay and horror, it was the Platinum Eagle 10th Anniversary Set (see my previous entry about this story). Fortunately, I was able to return it, and get a replacement, which I since submitted to NGC for certification.

3. I am also THRILLED that in years past, when I had some extra cash, I bought the 4 piece Platinum Eagle Proof Sets. I have a few of them, two of which just came back from NGC. The rest are hiding in safe deposit boxes somewhere else, but of these two sets, each of the 1/10th oz coins came back PF69UC, and in EACH of the two sets, the $25, $50 and $100 coins were all PF70UC grades -- so I was happy to see that! I will likely go fetch those from the boxes and submit more, though possibly to PCGS since NGC hasn't been doing much right for me lately. They haven't been responding to my inquiries as promised, they haven't been returning orders at the same time, sending them individually seriously raising my cost, they haven't been imaging my orders when I submit an order that includes it, and when they DO get the images, they make about half of the images too big to load into the NGC Registry Sets, or they will randomly skip coins on the order. Tedious at best.

So, me and platinum prices? I am enjoying it! Will I buy more? Well, that falls into buying low, selling high. I sure wouldn't want to BUY HIGH and sell low, that sort of seems contraindicated. However, if there are bargains to be had, so be it.