2015 Proof Platinum Eagles on Dec. 3, No Bullion Edition

by Mike Unser on November 25, 2015 · 17 comments

Collectible 2015-W Proof American Platinum Eagles will go on sale Dec. 3 with a surprisingly reduced mintage, the United States Mint revealed earlier today. The U.S. Mint also announced that it would not produce a companion bullion edition "due to a lag in obtaining a sufficient quantity of production platinum blanks."

2015-W Proof American Platinum Eagle

The 2015-W Proof American Platinum Eagle. Like past issues, it features a one-year-only reverse design.

The struggle in acquiring those blanks has sharply trimmed this year’s proof Platinum Eagle mintage. It fell to 4,000 coins from last year’s announced limit of 15,000 coins.

Increased Demand

Collectors will have extra incentives to get the new proofs given their lower mintage, cheaper price and appealing design — the first in a new two-year series with reverse designs representative of the core values of liberty and freedom. The lack of a bullion option should also boost sales of the collectible.

Last year’s proof Platinum Eagle opened with first week sales of 3,341 coins and ended at a new series low of 4,596 coins. It opened at a price of $1,650 — down $150 from the previous year. The bullion edition logged final sales of 16,900 coins.

This year’s coin is listed for $1,250. By release time, it could drop to $1,200 with the latest declines in platinum prices. It’s actual launch price will be determined on Dec. 2 based on the latest weekly average of LBMA Platinum.

United States Mint Statement on Availability

The following statement about this year’s issue was sent to news media:

"The United States Mint announced today that it would begin sales of the 2015 American Eagle Platinum Proof Coins on December 3, 2015. The mintage level of the 2015 Platinum proof coins is 4,000. In addition, the Mint announced that it will not produce 2015 Platinum Bullion coins this calendar year due to a lag in obtaining a sufficient quantity of production platinum blanks.

The Mint sold 16,900 platinum bullion coins in 2014, the first time the coins had been offered since 2008. As the program moved forward to 2015, the Mint began the process of expanding its supply base for platinum, completing trial strike testing and full production validation with two new suppliers. These steps were completed in late October, and Mint officials decided to use the available blanks for the 2015 Torches of Liberty Proof coin program instead of the platinum bullion program.

The Mint looks forward to resuming platinum bullion production at its West Point facility as additional blanks become available in 2016."

The U.S. Mint’s product page for the 2015-W Proof Platinum Eagle is right here.

We’ll talk more about the coin closer to its Dec. 3 release. We’ll also throw our hat in the ring to try and get one to photograph.

{ 17 comments… read them below or add one }

Tinto November 25, 2015 at 1:22 pm

I can hardly see the torch …

Buford November 25, 2015 at 2:06 pm

This very low mintage 2-year program, reverse proof coin will sell out in a matter of minutes. I hope to get the household limit of 1, before the quick sell out puts this coin into the ridiculous priced aftermarket !!!

I. Flagg November 25, 2015 at 4:05 pm

Several reasons to pick this baby up….

1. Gorgeous proof 1 ounce platinum coin. I love the design…
2. (2) coin series.. Hopefully the 2nd coin is low mintage.
3. The low price in platinum. It won’t stay down forever. Yes, The $400.00 premium is a lot, But everybody who picks this one up is paying the same price. I don’t mind paying the premium as long as the coin is perfect.
4. The 4,000 mintage… Excellent in my opinion..

Buford November 25, 2015 at 4:06 pm

I stand corrected… a reverse proof design, not a reverse proof! Nevertheless, it will sell out quickly !

Seth Riesling November 25, 2015 at 5:24 pm

Tinto & I. Flagg –

I agree with both of your comments. It is ironic that the torch is the smallest part of this beautiful design & yet it is called the “Torches of Liberty” 2-year 1oz platinum American Eagle Proof .9995 fine coin series. The torch flame is small but it covers up the second letter “T” in the word “STATES”!
But, i do find it very suspicious though that the largest Mint in the world basically says it cannot find enough platinum blank planchets to make bullion versions like it did last year! I realize that about 90% of the platinum on earth comes from Russia & South Africa, but we do have at least one sizeable platinum mine in the USA in Stillwater, Montana. Maybe the top U.S. Mint officials should take a roadtrip there and start digging!
Luckily, the lower price of platinum this year means the price is fairly reasonable i guess, if you consider a more than $400 premium as fair. The lower mintage this year does make it an attractive option.
Happy platinum hunting everyone!

-NumisDudeTX

RonnieBGood November 26, 2015 at 2:44 pm

The Mint staff has finally learned from the past (an optimistic viewpoint). Keeping the mintage at the 4k level (blank issues aside) will guarantee this coin a sellout and assure that the value will appreciate.

Seth Riesling November 26, 2015 at 4:49 pm

Mike Unser –

Thanks for the interesting, informative update on this beautiful platinum U.S. Mint coin. Considering the Mint only gave it’s customers an 8-day advance notice of it’s availability, & with a low mintage of 4,000 coins, i wonder if the Mint will do the right thing and place a 1-coin per household limit on this item (at least for the first day of sales)?
Can you please use your Mint connections to find out if there will be a reasonable household limit or will they do another 50-coin limit (which favors dealers/investors/flippers) like the Mint did on the 2015 American Liberty High Relief gold coin?
Thank you Mr Unser.

-NumisDudeTX

j bigness November 26, 2015 at 6:14 pm

It appears to be the last of 2015. US Mint took down everything for the 2015 limited edition silver proof set. It had the LS4 item number, but now sits at “unavailable”.

Seth Riesling November 26, 2015 at 8:34 pm

j bigness –

The U.S. Mint website has a section labeled “Product Schedule” with a toggle function you can choose “2015” or “TBD”. The 2015 Limited Edition Silver Proof Set is still listed as To Be Determined (TBD) with the item # you mentioned & a blue “remind me” button you can click on to receive an email when or if this product is issued. The 2014 version of this set was not issued until 2015, so i wouldn’t hold my breath as to when or if this set will be issued. But, at $139.95 for the 2014 set, which is still available, i bet the Mint will be glad to take our money again for such a set issued every year starting in 2012. Although the limit has always been 50,000 sets, sales of the most recent 2014 set issued in 2015 are far from a sellout.

-NumisDudeTX

Joe November 27, 2015 at 7:55 pm

Can’t go wrong buying this coin.

Tinto November 27, 2015 at 11:20 pm

The Mint is not producing the bullion version due to a lag in obtaining a “sufficient quantity” …? Wha ..? They had the entire 2015 freaking year to obtain blanks (yeah gonna get a blank look from the Mint rep… ) talk about efficiency in ensuring the continued availability of the product for loyal collectors of Platinum … I guess there was no lag in anyone’s paycheck or promotions at the Mint though … this is the best way (by the Mint) to kill off enthusiasm for Platinum ….

Seth Riesling November 28, 2015 at 12:36 am

Tinto –

You are on the right track with your comments! The U.S. Mint has been caught off guard this year with plummeting precious metals prices, especially platinum, but gold & silver too of course. They obviously are limiting their exposure by just making a small offering on these platinum Proof coins. They also have abruptly stopped sales prematurely on the 2015 Proof gold Buffalos this week without notice. The Mint has set mintage limits on a number of coins this year only to change them when precious metal prices fall. They have also called a “Sellout” on coins/sets which i know from my new Memphis fulfillment center contact that they have a few more of but don’t want to bother with due to a complex but inaccurate inventory/sales structure (it typically takes 2 years to get final audited sales figures!) & they resell coins returned that have small quality problems instead of destroying them as per standard operating procedures. This is what happens sadly when the Mint outsources almost everything these days, including most blank planchets, packaging, customer service, fulfillment center & more! I expect more from the largest Mint in the world, but unlike most foreign gov’t Mint’s that are run as true corporations, we in the U.S.A. are stuck with a Mint that is a bureau of the U.S. Treasury Department & full of the typical Washington D.C. bureaucracy. It is unfortunate because the Mint has so much good potential.

-NumisDudeTX

joe#2 November 29, 2015 at 9:30 am

Seth, I recently spoke to the Mint on that issue about folks returning items back to the mint, especially proof gold items, And the representative told me that the U.S. Mint does not send out any coin(s) that have been returned by previous customers and those coins returned are destroyed melted down.

Buford November 29, 2015 at 1:59 pm

Hey Joe#2, I wonder, who can you Really Trust anymore ?!

joe#2 November 29, 2015 at 3:42 pm

Very good point Buford..

jerryinjersey November 29, 2015 at 4:40 pm

This coin has a lot going for it, Beautiful design, lowest mintage of the entire platinum eagle 1 oz. proof series, first coin in a two year series and no bullion version. The mint finally did the right thing limiting it to one coin per household (limiting after market dealers hogging the website). They should do that more often. Even with the steep price premium, I believe this is a winner. Probably will sell out very quickly.

Whistler December 2, 2015 at 5:31 pm

Another example of Mint profiteering, no bullion, heck we cant give you a deal, $400 (33%) premium, what a crock, I will boycott & have the others but colleting coins per se is becoming a so what hobby, when WE die but for the precious metal value the # of real “collectors” will be quite finite…..

Leave a Comment