What's the deal with 2013-P $1 Platypus Map?

Started by kchan1111, November 20, 2015, 08:38:18 AM

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kchan1111

According to PCGS population, they graded 160 MS70 and 81 MS69 for the 2013-P $1 Platypus Map.

http://www.pcgs.com/pop/detail.aspx?c=5078&p=MS&t=3

Why so many sent in for grading?!??

:huh:

trout

Quote from: 'kchan1111' pid='81685' dateline='1447970898'According to PCGS population, they graded 160 MS70 and 81 MS69 for the 2013-P $1 Platypus Map.

http://www.pcgs.com/pop/detail.aspx?c=5078&p=MS&t=3

Why so many sent in for grading?!??

:huh:

These are pretty much just bullion coins and it looks like a coin promotor has submitted 200 coins in a bulk submission, This happens quite often in the US. :ok:
This is done so that they can be promoted as "First Strike" etc
No wonder the submission times blow out with this sort of thing bogging the system down :angel:
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

kchan1111

Why bother if it's treated as bullion? Is there more silver/gold in MS70 than MS69? Or is it just proving that it is not fake?

trout

Quote from: 'kchan1111' pid='81690' dateline='1447975703'Why bother if it's treated as bullion? Is there more silver/gold in MS70 than MS69? Or is it just proving that it is not fake?

Normally a grade of MS70 or PR70 on an Australian coin will bring a strong premium because they are as scarce as Hens Teeth and bloody hard to find But with 160 of these at this grade I don't think the premium will be very much at all :ok:

This particular coin IMHO  is simply a marketing strategy .
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

kchan1111

Out of 177 MS70 $1 ever graded by PCGS, 160 is this Platypus thingy.