2009 American Eagle Platinum Proof Coins launched on Thursday, Dec. 3. By Sunday, sales reached 7,207 of the maximum 8,000 allotted according to the latest US Mint report on current coin purchases. A sell out appears imminent, and is only a matter of time.
The price tag for the 99.95 percent pure, one ounce platinum eagle is currently set at $1,792.00, with an order limit in place of 5 per household. While the price may seem high for a modern collectible with a premium of some $350 over the current spot of platinum, it is a bargain when considering the 2008 issue price of $2,299.95.
Platinum Eagles have not been available from the US Mint all year and, and as it announced in October, no bullion versions will be struck until at least 2010.
Also, there are no uncirculated versions and no fractional one-half, one-quarter and one-tenth ounce sizes — these were discontinued when the Mint reshaped its numismatic product line in Nov. 2008.
These facts help explain the increased demand, and faster selling pace. The US Mint sold just 4,769 of the one ounce proof coins last year.
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The US Mint today released the 2009 American Eagle Platinum Proof Coin at an inaugural issue price of $1,792.
The coins each contain 99.95 percent pure platinum, are limited to a maximum mintage of 8,000 and have a order limit in place of five per household.
The 2009 Platinum Eagle features a new reverse or tails side design emblematic of the principle "To Form a More Perfect Union," the first of six principles of American democracy found in the Preamble to the United States Constitution.
This year’s theme depicts the diversity of the nation with four faces on the left looking towards the right, hair and clothing weaved together. The weaving completes a circle where within the concept is inscribed. It was designed by Susan Gamble and sculpted by Phebe Hemphill.
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The United States Mint recently unveiled the new design for the 2009 American Eagle Platinum Coin and announced the official release date of Thursday, Dec. 3, 2009, for the proof version. An artist rendering was provided for the eagle then. Now the US Mint has released images of the coin itself. 2009 Platinum Eagle Proof [...]
The United States Mint officially confirmed today that the one-ounce 2009 American Platinum Eagle Proof Coin will be available for purchase at noon Eastern Time (ET) December 3, 2009 — the same date it had tentatively provided back in October. As part of the announcement, the US Mint released an image of the new theme [...]
A dynamic shift in pricing for US gold and platinum collector coins is underway, according to a United States Mint notice published Tuesday by the Federal Register, which is the official daily source for rules, proposed rules, and notices of government agencies and organization.
Instead of static pricing, coin prices will be primarily determined and actively adjusted according to the London Fix weekly average. The Mint said this was to "mitigate the effect that fluctuating gold and platinum commodity costs" has on coins. The London Fix is used as a price benchmark for immediate silver, gold and platinum delivery.
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Sales of the US Mint American Eagle 10th Anniversary Platinum Coin Set ended this week. Included in the set were two one-half ounce .9995 platinum coins. One was a standard proof and the other was a special enhances reverse proof, which was a first. The sets had a limited mintage of 30,000. The latest Mint [...]
One US Mint gold coin sold out this week compared to the eight gold and platinum collector options that disappeared from Mint store shelves and were reported in last week’s figures. As the end of the year approaches, collectors have far fewer choices. The sales tables below are starting to settle down with many coins [...]
Eight US Mint Gold and Platinum Coin Options have Sold Out in the Last Week
Collector gold and platinum coin sales have been ablaze with eight sold out options since last week’s U.S. Mint sales figures were released.
The final two one-ounce and one-half ounce uncirculated gold Buffalo coins departed over the weekend, and the last one-half ounce proof Buffalo went Monday afternoon with a surging 58.5 percent increase in sales over the previous week.
In addition, the proof American Eagle platinum one ounce, one-half ounce and one-quarter ounce options sold out Tuesday morning, the one-tenth ounce on Wednesday, and the four-coin set just this morning.
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The American Eagle Platinum Proof Four-Coin Set is the last remaining 2008-dated platinum collector product available from the U.S. Mint. The single proof one-tenth ounce coin sold out Wednesday, with all previous options — in both proof and uncirculated — already depleted. The last reported mint sales figures for the single coin was 2,694. The [...]
The pace at which gold and platinum collector coins have disappeared from U.S. Mint store shelves is blistering. The final two uncirculated gold Buffalo coins sold out over the weekend, the last proof Buffalo went Monday afternoon, and the proof American Eagle platinum one ounce, one-half ounce and one-quarter ounce options sold out this morning.
Further, the Eagle platinum proof one-tenth ounce and four-coin set may be joining the "sold out" ranks since their shipping dates have been delayed. In past weeks, that has been a strong indicator of a quickly depleting inventory. It appears the proof and uncirculated American Eagle gold coins will soon be the sole remaining collector options available.
With all these latest sell outs, it is worth remembering the collector gold and platinum coins the U.S. Mint announced it will no longer produce in 2009:
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