2014 Platinum Eagle Bullion Coin Sales Stop at 16,700

by Mike Unser on October 3, 2014 · 1 comment

2014 American Platinum Eagle Bullion Coin

2014 Platinum Eagle bullion sales ended at 16,700

Wednesday, Oct. 1, was the last day for distributors to buy 2014 American Platinum Eagle Bullion Coins from the United States Mint. Sales of the 99.95% pure platinum coins kicked off on Mar. 10, 2014 after a five-year hiatus. They will continue again in early January with new 2015-dated versions.

Early demand was solid for this year’s coin with 8,500 ordered on the first day. But sales levels soon tapered until picking up again this week. Total sales for the 2014-dated coin reached 16,700 with 2,500 of those from this week alone. Here is how platinum sales totaled by month:

2014 Platinum Eagle Bullion Coin Sales by Month

March 10,000
April 1,200
May 1,000
June 700
July 0
August 900*
September 2,700
October 400
Total 16,900

*The United States Mint in December 2014 increased August sales of American Platinum Eagles by 200.

American Platinum Eagles were introduced in 1997. The bullion pieces were offered in several sizes until they were discontinued in 2008. They were re-introduced this year in just the one-ounce size. Here is a table of bullion sales through the years:

American Platinum Eagle Bullion Coin Mintages / Sales

  1 oz 1/2 oz 1/4 oz 1/10 oz
1997 56,000 20,500 27,100 70,250
1998 133,002 32,419 38,887 39,525
1999 56,707 32,309 39,734 55,955
2000 10,003 18,892 20,054 34,027
2001 14,070 12,815 21,815 52,017
2002 11,502 24,005 27,405 23,005
2003 8,007 17,409 25,207 22,007
2004 7,009 13,236 18,010 15,010
2005 6,310 9,013 12,013 14,013
2006 6,000 9,602 12,001 11,001
2007 7,202 7,001 8,402 13,003
2008 21,800 14,000 22,800 17,000
2014 16,700 N/A N/A N/A

 

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

This year’s collectible proof version is scheduled to launch on Oct. 20 at 12 noon ET. The U.S. Mint was testing finishes for the coin as recently as August. The platinum coin’s starting price will be set on the Wednesday before its release, Oct. 15. It will be available at www.usmint.gov/catalog.

{ 1 comment… read it below or add one }

Terry Power October 3, 2014 at 2:22 pm

Whoever bought one lost a bucket of $$.

Leave a Comment