The 20th anniversary proof American Platinum Eagle didn’t score a quick sellout like those from the last two years, but more than half of the possible 10,000 are gone.
Ordering opened July 6 for the 1-ounce, .9995 platinum coin. Its first-day sales reached 5,230 coins. Another 730 sold through July 9 to lift its total sold to 5,960 coins, for 59.6% of the maximum mintage.
An attraction to the proof Platinum Eagle series has been its annually changing reverses. That tradition was suspended for 2017. In celebration of 20 years, this year’s proof has the same designs as the very first coin from 1997. Moreover, these same designs have appeared each year over the last two decades on the counterpart bullion version.
Change in Limit
The proof coin initially launched with a 1-coin limit per household. The U.S. Mint at around noon ET on Monday lifted that restriction.
Pricing for the piece can change weekly depending on the trending value of platinum. It opened at $1,300.00, which is based on a platinum average that sits within $900 to $949.99 an ounce.
There’s some chance for the coin’s price to fall by $50 on Wednesday. For that to happen, the LBMA platinum in the AM would need to drop below $888.96 an ounce and the PM price would have stay under $900 an ounce. The precious metal is now trading near $900 an ounce.
Order the platinum coin from the U.S. Mint using its American Eagle product page.