Preamble to the Declaration of Independence 2019 Platinum Proof

The Mint just emailed me information on this coin and I've never purchased platinum before. Looking at the daily ask price, it seems to stay just above $800 an ounce. Does anyone that deals with platinum coins have some feed back on long term keeping a couple of these.
https://catalog.usmint.gov/preamble...EJ&utm_source=Campaign&utm_content=ShopNowCTA



$1,220.00

• 2019 Preamble to the Declaration of Independence Platinum Proof Coin - Liberty is the second in this three-year series
• New obverse and reverse designs
• One ounce 99.95 percent platinum coin

Item Number: 19EJ
Mintage Limit: 15,000
Product Limit: 15,000
Household Order Limit: 1

 

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If you’re looking to make your money back it’s very unlikely that you would given the almost 50% premium over spot. I would stick with bullion coins as close to spot as you can get.

Definitely a nice design but premium is just way too much in my opinion!!

 

I agree with the premium being way up there. Maybe I'll just wait and pick one or two after the market for them cools down. Thanks for the input.

 

From what I am learning, about 3 years at a heritage auction you will get it cheaper.
Gold and Silver are huge right now and will draw a big premium in a couple years. There is no way to avoid what is coming.
It is finally going to be PAYDAY for all the guys that spent 30 - 50 years collecting rare dates, etc.

 

https://catalog.usmint.gov/american...ld-uncirculated-coin-18EH.html?navid=xsellpdp
This isn't a bad deal !

 

I love the design of the Proof Platinum coins. My first was the 1997.
but I have a hard ... hard .. super hard time buying them due to a high premium and large loss of premium trying to sell them.

I love the reverse eagle designs. but I'm balking at the prices. So I've been passing lately ...

 

Took a look at last years on ebay in the sold listings, found a raw one for about $1,000, and slabbed 70's for about the same price as this years from the mint. So buy it from the Mint, pay to have it slabbed, hope to get a 70 and you have already lost money. If you don't get a 70, lose even more.

32 posts to go

 

That's actually a fairly attractive coin, overall. Not sure what it has to do with the Declaration (and I don't know why there's a wagon in the background), but I like the composition overall.

I can't tell you anything about platinum, as I have never traded that metal.