The U.S. Mint has reopened sales of the American Eagle 10th Anniversary Platinum Coin Set. The set was on a near two month hiatus, having been suspended for sale due to the surging price of platinum.
Collectors will be less than thrilled with the new $2,649.95 price tag, which is $700 higher than when the coins first went on sale December 13, 2007. However, the set’s percentage premium above the price of platinum is very close to that of the time when the coins were first sold. Feelings of sticker shock really highlight the increase in precious metals prices since December 2007.
That being said, while the 10th anniversary platinum set was on sale for two months at its initial price of $1949.95, it did not sell out—even though there was a period of time when it was close to the price of platinum. The $700 increase is sure to make thoughts of buying the coins more disheartening.
To help its sale, the U.S. Mint has removed order limits. As of last week, less than 20,000 of the 30,000 allowed sets had been sold.
The platinum anniversary set coin designs
The American Eagle 10th Anniversary Platinum Coin Set includes two one-half ounce .9995 platinum proof coins.
To mark the 10th anniversary, the set is limited to 30,000 and one of the coins is a specially enhanced reverse proof. According to the Mint,
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.
Since 1997, the Mint’s American Eagle Platinum Proof Coin has featured Lady Liberty on the obverse or heads side of the coin. The reverse or tails side of the coin represents the Executive Branch of the government with the depicted bald eagle with its wings spread wide to represent freedom and a shield at the ready to enforce the laws that guarantee those freedoms.
Initially there was an order limit of one set per household. That restriction has been removed and the set may be order for $2,649.95 through the Mint page:
American Eagle Platinum Proof Coins
The coins may also be ordered through the Mint’s toll-free number, 1-800-USA-MINT (872-6468).
Hearing and speech-impaired customers with TTY equipment may place their orders by calling 1-888-321-MINT (6468) 8:30 a.m. to 5:00 p.m. (ET), Monday through Friday.
Price of Platinum caused Platinum Eagle Coins to rise!
coast to coast coin company is selling the same set for 1,899.50 .