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
*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|
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.