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druckenmiller84
01-05-2009, 04:42 PM
Some expertise would be appreciated, all my google searches have yielded nothing.

i bought a 1/25 oz platinum isle of man coin today from my local dealer. I paid spot for it, so i figured it couldnt have been that bad of a deal, but I was wondering if this coin has any numismatic value?

does anybody else have one of these? are they worth anything above spot? any help would be appreciated. thanks

rstones199
01-05-2009, 07:43 PM
Some expertise would be appreciated, all my google searches have yielded nothing.

i bought a 1/25 oz platinum isle of man coin today from my local dealer. I paid spot for it, so i figured it couldnt have been that bad of a deal, but I was wondering if this coin has any numismatic value?

does anybody else have one of these? are they worth anything above spot? any help would be appreciated. thanks

Any numismatic value a bullion coin may have (if any) is depended on the mint that produced it. Seeing how this coin is from the “Isle of man”, it will not have any numismatic value what so ever. What you have is nothing more than a pretty round, not a coin. But on the bright side, you did get it for spot, so you can't go wrong there!

Gadunk
01-06-2009, 09:54 AM
At $99.95 for this “rare coin”, it would take $2498.75 (25 pieces) to make one ounce. If you want to pay that, be my guest.

i agree with rstones, that kind of premium is not justified in my eye. ridiculous to me almost 200% :eek:

Heruur
01-06-2009, 02:49 PM
The cat coins do have some collector premium to them since they are bought primarily for jewelery use. However 100 bux for 1/25 oz is crazy!

MaxGravy
01-21-2009, 10:59 PM
1 oz Platinum Isle of Man Noble Coins

APMEX has these for $200 over "their" melt value.

That seems high for even a PAE.

dacrunch
01-22-2009, 04:25 AM
all I have is my avatar... no physical :mad:

Twostaff
01-23-2009, 12:02 PM
Any numismatic value a bullion coin may have (if any) is depended on the mint that produced it. Seeing how this coin is from the “Isle of man”, it will not have any numismatic value what so ever. What you have is nothing more than a pretty round, not a coin. But on the bright side, you did get it for spot, so you can't go wrong there!

Not true. I mean if you mean specifically any value as a numismatic you are correct, a roudn technically has no value as a coin, however lots of stuff become collectibles and bullion is no exception. Its unlikely but its possible that Isle of Man rounds are so beautiful that people are willing to pay for the artisic value in addition to the spot and premium.

captbilly
01-24-2009, 03:59 AM
Not true. I mean if you mean specifically any value as a numismatic you are correct, a roudn technically has no value as a coin, however lots of stuff become collectibles and bullion is no exception. Its unlikely but its possible that Isle of Man rounds are so beautiful that people are willing to pay for the artisic value in addition to the spot and premium.

Even Pamp, Credit Suisse and Johnson Mathey bars are selling for substantial premiums over spot (although a couple of weeks ago you could get Credit Suisse and Pamp bars for only about $50 over spot). I suppose that's not exactly numismatic collectors value (since they aren't actually coins), but it's still value above the value of the metal. Of course the danger is that the value over spot today may not be the same when you try and sell the bars, but of couse that could be just as ture for coins.

midiman
01-28-2009, 09:30 AM
Yes I own a 1oz Noble coin.

Its in mint condition.

Twostaff
01-28-2009, 03:20 PM
You know since I saw this post I've been bouncing aroudn and I've seen a few more sites and stuff, turns out Isle of Man has a LONNNGGG history of minting coins. they were the first to mint platinum coins over 150 years ago. Ive seena gorgeous angel killing a drgaon gold coin. And since it is one of only like 3 paltinu coins. I like them, I'm thinking of getting some.

Dominic
02-05-2009, 09:53 PM
Some expertise would be appreciated, all my google searches have yielded nothing.

i bought a 1/25 oz platinum isle of man coin today from my local dealer. I paid spot for it, so i figured it couldnt have been that bad of a deal, but I was wondering if this coin has any numismatic value?

does anybody else have one of these? are they worth anything above spot? any help would be appreciated. thanks

I am new to this forum but just wanted to add my 2-cents. I recently spoke to a coin and jewlery shop here in the Los Angeles area that had a Noble in stock. They were selling it for $1028 or $68 over spot at the time, about a week or so ago. I asked how much their buy-back was. They said it was $30 under spot for the 1 oz. Noble coin.

For a comparison, they also had the 1 oz. AE for $1086 or $126 over spot and would buy back AE at spot, which was $960 that day.

They had an extra charge of $10 added to transactions under 5 ounces if I remember correctly.

I spoke to one other dealer that had a 1 oz. Noble the same day. He wanted $1070, which was $110 over spot.

MaxGravy
02-05-2009, 10:41 PM
For a comparison, they also had the 1 oz. AE for $1086 or $126 over spot and would buy back AE at spot, which was $960 that day.

I'll gladly pay $126 over spot for a PAE. That would be $1099 right at the moment. Anyone want to sell me a PAE for $1100 shipped? I'll do paypal from my checking account.

I know, wrong thread...

Lexus21
02-05-2009, 11:50 PM
I'll gladly pay $126 over spot for a PAE. That would be $1099 right at the moment. Anyone want to sell me a PAE for $1100 shipped? I'll do paypal from my checking account.

I know, wrong thread...

PAE? what is the meaning pls? Man I need to learn these Acronyms

Dominic
02-05-2009, 11:56 PM
PAE is platinum American eagle.

Twostaff
02-06-2009, 12:06 PM
you know I said I like the Isle of Man stuff and I was going to buy some. I see on ebay all isle of man stuff is selling way above spot. So there is no "numismatic" value because if its not legal tender its technically not a coin, but there premium value. Otherwie no one would be buying it for $100 or even $200 over spot. of course that may be becasue platinum is seriously under valued at the moment and could jump any day. But I think its also because quite frankly I LIKE the viking ship, I think it looks like ancient coins, also since they aren't WILDLY popular the premium isnt totally insane. its about the same on a bar of platinum. Is their cat series any different than Perth's lunar series. (ok the perth coins are legal tender and more popular) but those are technicalities and if the stuff is selling for over spot right now it obviously has more than melt value and if TSHTF then its still .995 platinum.

Twostaff
02-06-2009, 12:09 PM
Even Pamp, Credit Suisse and Johnson Mathey bars are selling for substantial premiums over spot (although a couple of weeks ago you could get Credit Suisse and Pamp bars for only about $50 over spot). I suppose that's not exactly numismatic collectors value (since they aren't actually coins), but it's still value above the value of the metal. Of course the danger is that the value over spot today may not be the same when you try and sell the bars, but of couse that could be just as ture for coins.

I'm still waiting for a pamp suisse in silver gold or platinum that is near spot, when I ahve the money, I love the PAMP fortuna design.

Glen Stephens
07-18-2009, 01:32 PM
Wow looking arund -- those $1470 ebay prices are nuts for a scratched coin!

I am figuring spot is trending back to $1200 which is when I might sell.

So if I ask around $150 over spot, would that be a fair thing for a boxed collector coin?

http://i150.photobucket.com/albums/s...FOUR/1-161.jpg

Lexus21
07-18-2009, 01:47 PM
Wow looking arund -- those $1470 ebay prices are nuts for a scratched coin!

I am figuring spot is trending back to $1200 which is when I might sell.

So if I ask around $150 over spot, would that be a fair thing for a boxed collector coin?

http://i150.photobucket.com/albums/s...FOUR/1-161.jpg

Pic not working. try tinypic.com or photobucket

Glen Stephens
07-18-2009, 01:54 PM
It WAS in photobucket! :)

http://i150.photobucket.com/albums/s113/ozstamps/Album%20FOUR/1-161.jpg

http://i150.photobucket.com/albums/s113/ozstamps/Album%20FOUR/1-161.jpg

Truth
07-19-2009, 09:38 AM
Some expertise would be appreciated, all my google searches have yielded nothing.

i bought a 1/25 oz platinum isle of man coin today from my local dealer. I paid spot for it, so i figured it couldnt have been that bad of a deal, but I was wondering if this coin has any numismatic value?

does anybody else have one of these? are they worth anything above spot? any help would be appreciated. thanks

this from kitco>>>>>>>>>>>Platinum Noble 1 oz
(Only shipping to US) $1,282.47

The Platinum Noble coin from the Isle of Man was introduced in 1983 as the first platinum investment coin. Ranging in size from 1/10th of an ounce to 10 ounces, each coin is minted from 99.9% pure platinum, a metal 30 times more rare than gold. Each coin is adorned with the image of a Viking long ship on one side, and Queen Elizabeth the second on the opposite.


The Platinum Noble, like the Gold Krugerrand, does not have a value associated with any specific currency. The one ounce coins are instead stamped with the face value of "One Noble". The value of a Noble is equal to the platinum content of the coin. ,

Metal Hoarder
07-19-2009, 07:03 PM
This thread about the Isle of Man bullion coins got me to thinking about these countries. This in turn sparked a distant memory of something that I read about 20 years ago. Similar countries Guernsey and Jersey were, at the time, among the very small club that uses real money, not fiat trash. Evidently Guernsey still does.

--
http://en.wikipedia.org/wiki/Guernsey#Economy

Unlike many countries, Guernsey has not delegated money-creation to the central bank and has instead issued interest-free money (http://en.wikipedia.org/w/index.php?title=Interest-free_money&action=edit&redlink=1) from 1822 to 1836, stimulating the growth of economy after Napoleon's wars without creating public debt and without increasing taxes.
--
http://en.wikipedia.org/wiki/Noble_%28Manx_coin%29

The Isle of Man (http://en.wikipedia.org/wiki/Isle_of_Man), a British protectorate, mints the Noble, a platinum (http://en.wikipedia.org/wiki/Platinum) bullion coin (http://en.wikipedia.org/wiki/Bullion_coin). Nobles are legal tender (http://en.wikipedia.org/wiki/Legal_tender), but do not have a value associated with any currency (like the gold Krugerrand (http://en.wikipedia.org/wiki/Krugerrand) does).
The value of a Noble is equal to the platinum (http://en.wikipedia.org/wiki/Platinum) content of the coin.

--
http://en.wikipedia.org/wiki/Isle_of_Man#Economy

Economy

Main article: Economy of the Isle of Man (http://en.wikipedia.org/wiki/Economy_of_the_Isle_of_Man)
The Isle of Man is a "low tax economy" with no capital gains tax (http://en.wikipedia.org/wiki/Capital_gains_tax), wealth tax (http://en.wikipedia.org/wiki/Wealth_tax), stamp duty (http://en.wikipedia.org/wiki/Stamp_duty), or inheritance tax (http://en.wikipedia.org/wiki/Inheritance_tax)[16] (http://en.wikipedia.org/wiki/Isle_of_Man#cite_note-15) and a top rate of income tax (http://en.wikipedia.org/wiki/Income_tax) of 18%. A "tax cap" is in force. The maximum amount of tax payable by an individual is £100,000 or £200,000 for couples if they choose to have their incomes jointly assessed. The £100,000 tax cap equates to an assessable income of approximately £570,000. Personal income is assessed and taxed on a total 'worldwide' income basis rather than a remittance basis. This means that all income earned throughout the world is assessable for Manx tax rather than only income earned in or brought into the Island.
The rate of corporation tax (http://en.wikipedia.org/wiki/Corporate_tax) is 0% for almost all types of income, the only exceptions are that the profits of banks are taxed at 10%, as is rental (or other) income from land and buildings situated on the Isle of Man.[17] (http://en.wikipedia.org/wiki/Isle_of_Man#cite_note-16)[18] (http://en.wikipedia.org/wiki/Isle_of_Man#cite_note-17)
Offshore banking (http://en.wikipedia.org/wiki/Offshore_bank), manufacturing (http://en.wikipedia.org/wiki/Manufacturing), and tourism (http://en.wikipedia.org/wiki/Tourism) form key sectors of the economy (http://en.wikipedia.org/wiki/Economics). Agriculture (http://en.wikipedia.org/wiki/Agriculture) and fishing (http://en.wikipedia.org/wiki/Fishing), once the mainstays of the economy, now make declining contributions to the Island's Gross Domestic Product (http://en.wikipedia.org/wiki/Gross_Domestic_Product) (GDP).
Trade (http://en.wikipedia.org/wiki/Trade) takes place mostly with the United Kingdom.
The Manx government promotes island locations for making films by contributing to the production costs. Since 1995 over eighty films have been made on the island.

MaxGravy
07-19-2009, 09:42 PM
Thanks for posting that MH! I love the IOM coins. For the most part, I stack North American Gov't bullion and some Krugs, but I LOVE the IOM plat coins.

Everyone has a weakness ;)

Glen Stephens
09-08-2009, 10:05 AM
I have a boxed 1oz Isle Of Man Noble.

I think I might let it go for $100 over melt.

Trouble is, ebay fees kill those kind of deals!

http://i150.photobucket.com/albums/s113/ozstamps/Album%20FOUR/1-161.jpg

http://i150.photobucket.com/albums/s113/ozstamps/Album%20FOUR/1-161.jpg

MaxGravy
09-08-2009, 10:22 PM
GS, Check out the buy/sell thread in the Bar & Grill. No 'bay fees there :)