Author Topic: 1988 Platinum Dragon  (Read 2134 times)

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KonaJim

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1988 Platinum Dragon
« on: August 13, 2010, 01:42:27 AM »
Can anyone tell me why the 1988 Platinum Dragon went for $ 4,800.00 at the Heritage Auction today?  I own several and bought some at the Heritage Auction in Jnauary for $ 2,000.00 plus the $ 300.00 buyers fee.  The only thing I can figure out is the population has suddenly been discovered to be a lot less than thought.

Offline badon

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Re: 1988 Platinum Dragon
« Reply #1 on: September 11, 2010, 02:54:11 PM »
I'd say that's as good a guess as any. However, it could simply be that the more popular gold coin prices are becoming out of reach for many collectors, and so people are turning to the much rarer but overlooked platinum coins. In addition to that, prices in general are moving up in punctuated spurts that can be quite impressive. I'm sure all of these factors have come into play for the 1988 platinum dragon.

It may not be so much that there's been any new discoveries about the smallness of the population as new recognition to what's currently known about it. The mintages are quite small for platinum coins, compared to gold, but that fact has been ignored until recently.