2014 Platinum Eagle Bullion Coin Sales End Oct 1

by CoinNews.net on September 9, 2014 · 1 comment

2014 American Platinum Eagle Bullion Coin

2014 American Platinum Eagle Bullion Coin Sales will close on Oct. 1, 2014

United States Mint Authorized Purchasers (APs) have until Oct. 1, 2014 to order American Platinum Eagle Bullion Coins.

That is the last day that the U.S. Mint will sell them until the 2015-dated issue becomes available in early January.

"To prepare for our end-of-the year transition for all bullion coin programs, the last day to place your orders for 2014-dated American Eagle Platinum Bullion Coins will be Wednesday, October 1, 2014," the U.S. Mint said in a memo to its APs on Sept. 8. "We will begin accepting new orders for 2015-dated platinum bullion coins in early January 2015. More information about the 2015 platinum bullion coin program will be available over the next few months."

After a five-year hiatus, the 99.95% fine bullion Platinum Eagle became available once again on Mar. 10, 2014. Demand was strong in the early going with 8,500 sold on the first day, but tuckered out quickly with sales through Sept. 8 at 13,700.

United States Mint bullion coins are sold through a network of distributors called Authorized Purchasers. APs buy the coins from the Mint in bulk and then resell them to coin and bullion dealers for a small premium above their precious metal value.

This year’s collectible version is yet to go on sale. The U.S. Mint was testing finishes for the coin as recently as August. When available, the U.S. Mint will sell them directly to the public from its online store at www.usmint.gov/catalog.

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jim September 9, 2014 at 11:36 am

Why can’t they do the same kind of thing for collector coins? Or at least for coins released in the latter half of the year give them a sales life time of 3 or 4 months since their release date instead of holding onto stock from as far back as 2009.

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