Mint Removes One-Tenth Ounce Eagle Platinum Coin

by on October 21, 2008 · 1 comment

American Eagle platinum uncirculated coin, smallThe United States Mint on Tuesday removed its newly discounted one-tenth ounce 2008 American Eagle Platinum Uncirculated Coin from its online store. Indicators suggest a potential price-driven sellout, with any remaining coins held for inclusion in the Mint’s four-coin platinum set, which includes the one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce sized coins.

The series of collector eagle platinum coins were returned at reduced prices only Friday after a long sales suspension — the coins were pulled in August due to volatile platinum prices.

Collectors who purchased the 1/10-ounce collector coin at the new price paid $134.95. That was less than what the Mint charged in 2007 and substantially lower than the Mint’s initial 2008 price tag of $259.95. Then again, platinum prices have also plunged recently. New York platinum closed on Tuesday at $898 per ounce, which is well off its $2,252 high set earlier this year.

Collectors will now need to turn their attention to higher priced platinum sizes, although the Mint’s percent premiums are stepped lower as the coin’s weight increases.

The proof 1/10 ounce coin is still available, as are all other sizes within the proof and uncirculated series.

2008 American Eagle Platinum coin prices

Old/New Price*
Old/New Price*
One-ounce platinum coin $2,299.95/$1,324.95 $2,349.95/$1,214.95
One-half ounce platinum coin $1,174.95/$674.95 $1,199.95/$619.95
One-quarter ounce platinum coin $609.95/$349.95 $619.95/$319.95
One-tenth ounce platinum coin $269.95/$149.95 Not Available
Four-coin platinum set $4,119.95/$2,419.95 $4,289.95/$2,219.95

*Prices of the coins when they were first released in 2008 (May 5th for proof; July 1 for uncirculated) and new prices announced October 17, 2008.

The coins may be found via the US Mint page American Eagles.

{ 1 comment… read it below or add one }

Koichi Ito October 22, 2008 at 4:17 am

Since the price of Platinum rise and fall too quickly to set price of Platinum Eagle Coins at U.S. Mint. So, What we can do to set price of Silver, Gold, Platinum, and Palladium Bullion Coins?

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