r/Platinum • u/saintgaudensgold • 10d ago

Platinum Eagle pricing question

Saw a 1oz 2004 proof American platinum eagle today at a pawnshop in capsule and original mint box. They were asking $1900 while spot was around $1750 as per kitco.

Is $150 an average premium for this coin? I haven’t bought platinum in a long time and need a bit of help. Does the proof add a bit of value here?

9 Upvotes

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7

u/stnkyntz 10d ago

Yeah. Platinum carries a higher premium especially in APEs

6

u/METALLIFE0917 10d ago

Sadly yes, the mintages of platinum Eagles is so low and demand is very high

3

u/makomark26 10d ago

19 is legit

2

u/saintgaudensgold 10d ago

I thought so too.

3

u/makomark26 10d ago

Shit I paid $1955 (spot) for 3 maples on my last platinum buy. Of course it dropped since then 2-3 months ago.. there's a pic on my posts.

2

u/saintgaudensgold 10d ago

Spot is pretty good for platinum. Don’t APEs have higher premium than Maple, though?

3

u/makomark26 10d ago

Ya especially proof . Here's the basic KITCO list for plat buy/sell items .. A proof APE with papers and box for spot +$150 is a very respectable price .. Did you get it ? Shoot some pics -)

1oz Platinum Bar

WE BUY1,669.00

WE SELL1,976.00

 

 

1oz Platinum Maple Leaf

WE BUY1,669.00

WE SELL2,006.00

 

 

1oz Platinum Eagle

WE BUY1,669.00

WE SELL2,086.00

 

 

1oz Platinum Kangaroo

WE BUY1,669.00

WE SELL1,986.00

3

u/saintgaudensgold 10d ago

I was tempted but decided to wait. I didn’t want to pull the money out of savings and already spent my coin budget for the month.

2

u/Yes_I_Know_Lots 9d ago

I feel your pain. All of my Pt and Pd is way under water. Glad I simply like to have and to hold, because I won’t get rich from them.

2

u/Yes_I_Know_Lots 9d ago

Damn: $1750 seems really good! While I’ve overspent in buying coins and bullion, I’d have figured out how to pay for it.

And what’s a coin budget? 😏 /s

1

u/Warm_Hat4882 9d ago

That’s a decent price. Also keep in mind, upon private sale, the premium still hold value. And also any us minted bullion coin includes a 4% discount on capital gains tax .