I have a couple 1/10th ounce American Gold Eagles which I am thinking of selling to get some fractional Platinum coins. Is this a good idea?
I recently got a ½ oz Platinum American Eagle and a ⅓ oz Australian platinum coin and really like the feel of it. The 1/10 oz golds that I have are nice but wwaaayyyy too small. I do enjoy holding my coins, albeit in their holders, and that small a coin doesn't give me that hefty coin like feeling.
Gold from what I can see doesn't fluctuate too much, but others like platinum/palladium/etc do have significant spikes up or down. So any input on the pros and cons would be appreciated.
I can only say that, with the potential reduction of the need for it in catalytic converters, the long time trend for platinum value will be downwards. If it happens and when is debatable.
I did go to a local coin store that buys and sells coins, and checked out a few fractional platinum coins they had and then I looked at the gold eagles I had, and decided against selling. Going to do more research on the platinums I saw and then go back and buy them.