Is a sell-out in the works for the 20th anniversary 2017-W Proof American Platinum Eagle? It now seems possible.
Buyers scooped up another 2,084 coins during its first full week of release, lifting its 11-day sales total to 8,044 coins for 80.4% of the allotted 10,000 mintage.
Ordering opened July 6 for the 1-ounce, .9995 platinum coin. Its first-day sales reached 5,230 coins, and then another 730 sold through the first weekend for combined sales of 5,960 coins. On the following day, July 10, the U.S. Mint lifted its initial 1-coin per household limit. That’s likely the biggest spark igniting last week’s 2,000+ gain.
A smaller component in the mix included some collectors who initially remained on the sidelines in wait for a potential price cut. Early last week with platinum trending lower, there was a chance that the Platinum Eagle’s $1,300 price could drop by $50. However, the precious metal steadied and, as a result, the coin’s original price is here for some time — minimally, at least until July 26.
Last year’s proof American Platinum Eagle also had a 10,000 mintage. It sold out within an hour of launching. The coin from 2015 had a smaller mintage of 4,000. It reached sell-out status in seven minutes. The pair of rapid sellouts was supported by their unique designs, an attraction to the proof Platinum Eagle series which had featured annually changing reverses. In celebration of 20 years, this year’s proof has the same designs as the very first coin from 1997.
Order the platinum coin from the U.S. Mint using its American Eagle product page.