Coin collectors have been awaiting for the expected announcement and it’s here.
It’s the 10th anniversary for the American Eagle Platinum coins and to celebrate, the U.S. Mint has changed it up with a limited edition, two-coin set that’s just for collectors.
Included in the set is one proof coin and, for the first time ever, one enhanced reverse proof platinum coin. Each contains one-half ounce of .9995 platinum.
Get your money ready, because the sets go on sale through the U.S. Mint website beginning December 13, 2007, at 12 noon (ET).
Pricing and product details for the platinum anniversary set
Before you get too excited, realize we’re talking about coins with platinum – that non too cheap metal. Otherwise, the price of this special set may take you for a bit of a spin. Hold on…
Ready? The 10th Anniversary Eagle Platinum set is priced at $1949.95. With that, you’ll receive:
- 1/2 ounce, .9995 Platinum American Eagle, first time ever and enhanced reverse proof coin
- 1/2 ounce, .9995 Platinum American Eagle "regular" proof coin
- A guarantee that only 30,000 sets will be sold
- A very elegant hardwood box that can attractively display or hold the coins
The set includes an ‘enhanced reverse’ proof coin. What is that?
You can read the long description of what a proof coin is, or quicker, here’s what the Mint says about this set:
The proof coin features a cameo image floating on a mirror-like background. The enhanced reverse proof coin features a frosted background and a brilliant, mirror-like finish on the raised elements of the coin. This is an enhanced reverse proof version because it is not an exact opposite polish of the regular proof version. The design elements on the enhanced reverse proof platinum coin were strategically selected to feature the proof, mirror-like finish in contrast to frosted background design elements to enhance the entire image.
Breaking down the price of the 10th Anniversary American Eagle Platinum Set
The Mint has the "normal" one-half ounce American Eagle Platinum Proof coins priced at $880.95. Given that the anniversary platinum set includes one of the normal proofs, doing some simple calculation reveals the enhanced reverse proof coin would cost ~$1069, if it were to be sold by itself.
Currently, the London Fix price for an ounce of platinum is hovering in the $1420 range, making a 1/2 ounce about $710. Using napkin math, the price of the anniversary coins above the current spot price are:
- ~$170.95, for the normal proof coin
- ~$359, for the enhanced reverse proof coin
Is $1949.95 for the anniversary set too pricey?
Not when you consider, for example, other percentage mark-ups like modern silver proof coins. Try some napkin math on those.
The 10th Anniversary American Eagle set is a very attractive offer… IF you have that type of money to spend.
Buying and ordering information for the set:
Ordering American Eagle 10th Anniversary Platinum Set details:
- They begin on December 13 at 12 noon (ET)
- There are orders limited of one set per household for at least the first seven days
- You can use the Mint’s website, www.usmint.gov, or their toll-free number, 1-800-USA-MINT (872-6468).
The Mint press release has more details regarding each coin. Currently, there is no image available for the enhanced reverse proof eagle.