American Eagle Platinum

The 2008-W American Eagle Platinum Uncirculated One-Ounce Coin is the only remaining uncirculated platinum collector coin available from the United States Mint. The 1/2 ounce version joined the "unavailable" ranks Monday morning with the already sold out 1/4 ounce, 1/10 ounce and four-coin set. Collectors have watched the series closely since the Mint reduced its […]

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Silver, gold and platinum collector coin sales have increased significantly since last week, according to United States Mint figures. The one-ounce American Buffalo gold proof coin is no longer available as of Thursday. The Mint’s online site simply says: "Product is not available," likely indicating they are sold out. 2008-W American Eagle platinum uncirculated coins […]

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American Eagle 10th Anniversary Platinum Coins are once again available from the United States Mint and at a substantially reduced price. The 2007-W two-coin set, which commemorates the 10th anniversary of the American Eagle Platinum series, were pulled months ago from Mint store shelves due to volatile platinum prices. The special collector’s set has a […]

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The United States Mint resumed sales of collector gold and platinum coins Thursday at 12:00 noon (ET). The Mint suspended the coins to readjust prices Wednesday. Nearly all American Buffalo gold and American Eagle gold and platinum collector coin prices were decreased, as expected, to better match recent price drops in precious metal prices. However, […]

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The United States Mint on Wednesday suspended sales of nearly every gold and platinum collector coin it offers in order to readjust prices. The suspensions come on the heals of the Mint’s Monday announcements to offer a last chance sale for many coin products on Saturday and its elimination of 22 gold and platinum coins. […]

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2008 American Eagle and Buffalo Bullion CoinsThe collector’s eye is scanning for scarcer gold and platinum coins to purchase after the United States Mint’s announcement on Monday to slash future coins from its numismatic portfolio.

With 22 collector American Eagle and Buffalo gold and platinum coins to face elimination in 2009, opportunities have improved for several to rise in value based on that alone. And even more so for others after comparing their prices and sales figures.

But how did we get to this point? Also, what collector bullion coins are the best buy?

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The United States Mint is selling collector 2008 American Eagle platinum uncirculated coins with the "W" mintmark at significant premiums over their bullion content. But factors such as mintage totals are worthy of scrutiny before completely dismissing the coins as overpriced.

2008 American Eagle Platinum Uncirculated Coin

The US Mint offers one-ounce 2008-W American Eagle platinum uncirculated coins for $1,214.95, which is $372 higher than Tuesday’s New York closing spot platinum price of $843 an ounce. The difference is an unpalatable deterrent for making a purchase, which is further complicated given the still volatile commodity market.

In the last 30 days alone, platinum has been as high as $1,036 an ounce and as low as $756, with analysts all over the map on where it would or will go. Collectors who purchased a one-ounce uncirculated eagle toward the crest of the 2008 record platinum price of $2,250 and the peak US Mint price of $2,349.95 can best describe the hurt an unstable market can deal.

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The United States Mint on Tuesday removed its newly discounted one-tenth ounce 2008 American Eagle Platinum Uncirculated Coin from its online store. Indicators suggest a potential price-driven sellout, with any remaining coins held for inclusion in the Mint’s four-coin platinum set, which includes the one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce sized coins. […]

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2008 American Eagle Platinum Proof coinThe United States Mint surprised collectors Friday with the return of both proof and uncirculated 2008 American Eagle Platinum coins carrying the "W" mintmark. And even better, the new prices are substantially lower than those from 2007 or in mid 2008.

Both platinum series of coins were pulled from the Mint’s online shelves in early August with the expectation they would return after price reductions were made to better match platinum’s free fall.

After more than two months of waiting, collectors can now purchase the coins at a discount, albeit with the understanding that there are still substantial premiums to consider when comparing coin prices to platinum’s latest slide — it closed yesterday on Nymex at under $900 an ounce, and is falling further in early morning trading. The current level is a far, far cry from its record high of $2,252 per ounce earlier in the year.

As a special interest, these 2008 coins bear the final ‘Judicial Branch’ design in a three-year platinum series entitled, "The Foundations of American Democracy." Collectors who purchased coins from the previous two years due to their differing designs will likely be inclined to take advantage of the Mint’s new prices, which are now lower than last year.

In all this, one thing is certain. There is absolutely no telling how long the coins will remain available. The old and newest proof and uncirculated platinum coin prices follow:

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American Eagle Gold Uncirculated CoinThe United States Mint halted production and will no longer ship 2008 one-half ounce and one-quarter ounce American Eagle gold coins to authorized dealers, it was announced Monday. Additional gold and platinum coins will be halted when their blank inventories are depleted.

 

"Due to the extreme fluctuating market conditions for 2008, as well as current market conditions, gold and silver demand is unprecedented and the demand for platinum is unusually high," the U.S. Mint said in a memorandum.

"The U.S. Mint has worked diligently to attempt to meet demand, however, blank supplies are very limited and it is necessary for the U.S. Mint to focus remaining bullion production primarily on American Eagle Gold one-ounce and Silver one-ounce coins," the Mint said.

 

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