platinum price per gram


1625 to 1649 Replica Pattern Five Unites LMO London Mint Office Platinum Proof Millionaires Collection - Obverse

According to an LMO sales letter, the "regular release price" of this replica is £495, although they don’t actually tell you this, you need to calculate it for yourself from their statement "you can now own this piece for £249 … a saving of £246 on the regular release price.
Actual weight 3.1208 grams.
In their advertising material LMO rather dubiously claim platinum to be the most precious metal. I don’t know when they wrote that, but as I write this, 6th November 2012, spot platinum is £974.90 or $1,555 per troy ounce, while gold is £1,074.30 or $1,720; so at present gold is about 10% more valuable than platinum.
The intrinsic value of this replica is about £100, so even at £249, it is hardly a bargain, and as the other pieces in the "collection" have approximately the same specifications, at £495 each, we consider them to be very expensive, a rip-off, even.
I don’t know whether our staff have got around to pricing these on our websites yet, but I guess our asking price will be around £125 each, half the special introductory price, and only a quarter of the "regular" issue price. Even at these prices, I don’t expect the few we have in stock to fly out of the door.
I have added a longer discourse about the so called London Mint Office’s Millionaire’s Collection here:
Replica Pattern LMO London Mint Office Platinum Proof Millionaires Collection in Presentation Box

Posted by Lawrence Chard on 2012-10-27 16:13:37

Tagged: , 1625 , 1649 , Replica , Pattern , Five , Unites , LMO , London , Mint , Office , Platinum , Proof , Millionaires , Collection , Obverse , macro


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