Are 2008-W Uncirculated Platinum Eagles Overpriced, or Simply a Good ...
The United States Mint is selling collector 2008 American Eagle platinum uncirculated coins with the "W" mintmark at significant premiums over their bullion content. But factors such as mintage totals are worthy of scrutiny before completely dismissing the coins as overpriced.
The US Mint offers one-ounce 2008-W American Eagle platinum uncirculated coins for $1,214.95, which is $372 higher than Tuesday's New York closing spot platinum price of $843 an ounce. The difference is an unpalatable deterrent for making a purchase, which is further complicated given the still volatile commodity market.
In the last 30 days alone, platinum has been as high as $1,036 an ounce and as low as $756, with analysts all over the map on where it would or will go. Collectors who purchased a one-ounce uncirculated eagle toward the crest of the 2008 record platinum price of $2,250 and the peak US Mint price of $2,349.95 can best describe the hurt an unstable market can deal.
Employees and Alumni Celebrate Royal Canadian Mint’s 100th Anniversary
Bowers and Merena’s Auction of International Banknotes Realizes More than $1.1M
Bowers and Merena's Auction of "The East Bay & Eduard Kann Collections of Chinese, Russian and World Banknotes" Realizes more than $1.1 Million.
IRVINE, Calif. – Bowers and Merena Auctions, America's leading rare coin and currency auction house, conducted an auction of exceptional international banknotes in New York City on October 27-28, 2008, compiled of two premier collections, "The East Bay Collection of International Banknotes" and "The Eduard Kann Chinese Banknote Collection."
Consisting of more than 2,100 total lots, the auction realized $1,119,585. It was held at the Hilton Times Square, with live auction simulcasts in Hong Kong and Germany. The auction was spearheaded by Bowers and Merena in conjunction with sister companies John Bull Auctions, Ltd., of Hong Kong, and Heinrich Köhler Auktionshaus of Germany.
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Finest Known Ultra High Relief Saint at November 2008 Santa Clara...
(Santa Clara, California) – The finest known 1907 Ultra High Relief Saint-Gaudens Double Eagle gold coin will be the centerpiece of a multi-million dollar exhibit, "100 Greatest U.S. Coins," during the first three days of the Santa Clara, California Coin, Stamp & Collectibles Expo, November 13 – 16, 2008. The show will be held in the Santa Clara Convention Center, 5001 Great America Parkway, where free parking is available.
"The Ultra High Relief is graded PCGS Proof-69 and will be the focal point of an exhibit based on the popular book, ‘100 Greatest U.S. Coins.’ This outstanding display is courtesy of Certified Assets Management of Wilmington, Delaware, which values the Ultra High Relief at $5 million," said Ronald J. Gillio, Expo General Chairman.
"This famous coin was designed by renowned sculptor, Augustus Saint-Gaudens, at the personal request of President Theodore Roosevelt. It was struck seven times to bring up all the beautiful features in the design. There are less than 20 known surviving examples, and this is the finest," said Don Ketterling, Executive Vice President of Certified Assets Management.
"This magnificent piece could establish itself as ‘the Holy Grail’ of American numismatics."
Hawaii State Quarter Release Ceremony and Collector Forum
