1 oz. American Platinum Eagle

Discussion in 'Platinum' started by copperhead, Jan 8, 2016.

  1. copperhead

    copperhead Active Member

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    Since the face value of the 1 oz. American Platinum Eagle is $100 with a cost around $1200 to $1250
    is $100 of the purchase cost a wash so the speak .
     
  2. mmissinglink

    mmissinglink Active Member

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    Platinum Eagles (APE's) are basically considered bullion coins. The face value of a bullion coin is merely a nominal value and has little to nothing to do with the bullion value of the coin.

    There is of course, a premium cost attached to the proof APE's because there is more cost involved with producing them (as compared with bullion (BU) APE's) and they are generally targeted at collectors. But still, their issue price tracks fairly closely with the spot price of platinum.

    The after market price can be a different story altogether. The 2015 APE has a very significant after market premium.



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  3. mmissinglink

    mmissinglink Active Member

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  4. copperhead

    copperhead Active Member

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    I'm intrigued with aspects of platinum, if not even for just one use
    There is from 3-7 grams of platinum type metals in a standard car catalytic converter,
    so in front of ones face daily you see multi thousands of dollars of Platinum in use each trip in your car . Also the fact that is seems always sold out - indicates this is more then just a flash of fancy like copper rounds . No disrespect to platinum comparing to copper , but copper rounds (bullion) is cool but still all over the place . Silver is our foundation & why most of us are here yet sold all over the place ( some day it may come to dwindle but not now) Gold abounds also
    But platinum is like a restaurant you drive by and see lots of cars in parking lot
    and say " the food must be good over there "
     

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