2018 American Platinum Eagle Bullion Coin Launches on Monday, Feb. 12

by Mike Unser on February 9, 2018 · 4 comments

The United States Mint told its network of Authorized Purchasers (APs) that orders will be accepted beginning Monday, Feb. 12, on an allocated basis for 2018 $100 American Eagle 1 oz. Platinum Bullion Coins.

American Platinum Eagle Bullion Coin - obverse and reverse

Designs for American Platinum Eagle Bullion Coins have remained unchanged since they were introduced in 1997

There’s no word on their allotted mintage, with the U.S. Mint telling its distributors:

"After depletion of the initial inventory, the United States Mint may offer additional quantities for release later in 2018."

The series of .9995 fine platinum bullion coins was introduced in 1997 as an annual product for investors but there have been gaps in their release. The program saw a five-year sale hiatus beginning in 2009 — while its collector proof counterpart continued, and the bullion piece was again absent from the U.S. Mint’s lineup in 2015. In their return since, the agency capped the coin’s mintage at 20,000 pieces in both 2016 and 2017.

Unlike companion proof versions minted for collectors, the bullion coin’s designs remain the same each year. As the topmost image shows, obverses offer a modern interpretation of the Statue of Liberty and reverses depict a soaring eagle.

Like other bullion products, the U.S. Mint sells bullion Platinum Eagles only to APs. These players consist of major coin and precious metals dealers, brokerage companies and other participating financial intermediaries. They must buy them in bulk, paying the Mint a 4% premium over the LBMA PM Platinum Price, and then they resell them in smaller quantities for a modest mark-up.

Proof versions for collectors feature annually changing designs. 2018 kicked off a new 3-year design series celebrating the Preamble to the Declaration of Independence. This year’s proof Platinum Eagle is emblematic of "Life." Years 2019 and 2020 will celebrate "Liberty" and "Happiness."

Photo of 2018-W Proof American Platinum Eagle - Obverse and Reverse

CoinNews photos of a 2018-W Proof American Platinum Eagle (obverse and reverse). Unlike with proofs, bullion American Platinum Eagles have shared the same designs since their debut in 1997.

This year’s proof launched on Jan. 25 for $1,420. It has since dropped in price to $1,370. Sold directly to the public with a mintage maximum of 20,000 coins, it has sales of 8,316 coins through Sunday, Feb. 4. Order the platinum coin from the U.S. Mint’s online store right here.

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4 Comments on "2018 American Platinum Eagle Bullion Coin Launches on Monday, Feb. 12"

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Seth Riesling
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Seth Riesling

The U.S. Mint now only has 12 bullion coin Authorized Purchasers in its silver, gold, platinum & palladium bullion version coin program. One company in Luxembourg dropped out at the end of last year. That leaves only 9 companies in the USA & 1 in Japan & 2 in Germany as the only companies who can buy any precious metals bullion version coins directly from the U.S. Mint.

-NumisdudeTX

Mouse
Guest

Howdy Seth,

We have one major player in Canada that buys directly from the US mint, I’m pretty sure they do. Large bullion firm for Canada but very small compared to most US companies. I wonder if they may possibly be owned by an American conglomerate.

Mouse

Seth Riesling
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Seth Riesling
Mouse – ScotiaMocatta company based in New York City is one of the 12 worldwide APs of the U.S. Mint. Scotiabank in Canada doesn’t list USA bullion on its e-store website & doesn’t ship internationally for some reason. Canadian companies & dealers would have to buy from ScotiaMocatta out of New York City since all 12 APs have to arrange to pick up their physical bullion coins at the West Point Mint in West Point, NY where one of our main military academies is located. They use private armored truck security services (Brinks etc.) to enter & pick up with top security protocols. The Mint does not ship any bullion version coins to the 12 APs, due to security & insurance reasons. They must pick them up in person at the Mint. The U.S. Mint’s APs only pay a $2 (USD) premium over London PM spot for the silver American… Read more »
Mouse
Guest

Thanks for the info Seth, I’m always learning.

Picking up and transporting their purchased bullion would be at a very high price. No wonder we pay such a high premium up here for American bullion coins. The dealers pass on the cost. Good thing I buy all of my American bullion coins from US dealers. Even with the conversion rate on my dollar I do better than buying them from home.

Thanks Seth for the continued education, very much appreciated.

Mouse