The 2010 Proof American Platinum Eagle Coin was released from the United States Mint nearly two months ago to this day, on August 12, 2010.
Like its immediate 2009 predecessor, collectors quickly snapped up the allotted mintage. In fact, both coins were available for barely more than a week before new orders were placed on a standby only list -- processed only if an older order was canceled. The official 2010 Platinum Eagle sold out notice was declared August 23, 2010.
Officially entering the history books as a sellout Monday morning were the 2010 Proof Platinum Eagles. The United States Mint tagged the coin as "Sold Out," moving the product to its "No Longer Available" page within its online store.
In reality, the 1-ounce .9995 fine platinum coins sold out Thursday, August 19, when collectors purchased their entire 10,000 mintage.
The Mint continued to accept new orders between Thursday and Monday, but those were added to a standby list -- fulfilled only if an older order was canceled or failed to process.
All 10,000 of the newly released 2010 Proof Platinum American Eagles have been purchased. Still interested buyers will now see the U.S. Mint's "Waiting List" option when visiting the coin's online information page.
The list feature has become a staple for newly sold out products, providing an opportunity for the Mint to fulfill standby orders if older orders are canceled.
The United States Mint today at noon Eastern Time launched the 2010 American Eagle Platinum Proof Coin for the price of $1,892.
The one-ounce .9995 fine platinum coin continues the collector series which launched in 1997, and is the second issue in a new multi-year themed program that explores the six core principles in the preamble of the U.S. Constitution.
The 2010 proof coin has a limited 10,000 worldwide mintage, and is expected to sellout based on demand levels from prior years. Indications support an early burst of orders.
The United States Mint will launch the 2010 American Platinum Eagle Proof Coin on Thursday, August 12, 2010.
The release will mark the first Platinum Eagles available from the U.S. Mint since last year's proof was issued on December 3, 2009. Collectors wasted no time in obtaining those strikes as the entire 8,000 mintage was sold in just over a week.
Several factors undoubtedly played into the fast sell-out and will also likely affect sales of this year's 2010 proof platinum issue -- as well as their later values.
While an official announcement is yet to be made, the 2010 Proof Platinum American Eagle will be released August 12, 2010, at noon Eastern Time, according to a newly published United States Mint product page.
The one ounce, 99.95 percent pure platinum coin is the second of six issues in a series celebrating the principles of American democracy as found in the Preamble to the United States Constitution.
It took just over a week for it to happen. The US Mint has sold out of the 2009 American Eagle Platinum Proof Coins, exactly as had been predicted by many numismatic resources.
Released at Noon Eastern on Thursday, December 3, 2009, the Platinum Eagles were limited to a mintage of only 8,000. Over 7,200 of those sold in the first few days, even with a household order limit of 5 pieces in place. The US Mint sold just 4,769 of the one ounce proof coins during all of last year.
Collectors interested in obtaining an Eagle still have the opportunity to sign up for a waiting list, according to a statement on the order page at the US Mint's website:
Waiting List Notice: The number of orders we have taken meets the maximum limit for the 2009 American Eagle One Ounce Platinum Proof Coin. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-in, first-served basis. We cannot provide information about your position on the waiting list.