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.
2009 American Eagle Platinum Proof Coins launched on Thursday, Dec. 3. By Sunday, sales reached 7,207 of the maximum 8,000 allotted according to the latest US Mint report on current coin purchases. A sell out appears imminent, and is only a matter of time.
The price tag for the 99.95 percent pure, one ounce platinum eagle is currently set at $1,792.00, with an order limit in place of 5 per household. While the price may seem high for a modern collectible with a premium of some $350 over the current spot of platinum, it is a bargain when considering the 2008 issue price of $2,299.95.
Platinum Eagles have not been available from the US Mint all year and, and as it announced in October, no bullion versions will be struck until at least 2010.
Also, there are no uncirculated versions and no fractional one-half, one-quarter and one-tenth ounce sizes -- these were discontinued when the Mint reshaped its numismatic product line in Nov. 2008.
These facts help explain the increased demand, and faster selling pace. The US Mint sold just 4,769 of the one ounce proof coins last year.
The US Mint today released the 2009 American Eagle Platinum Proof Coin at an inaugural issue price of $1,792.
The coins each contain 99.95 percent pure platinum, are limited to a maximum mintage of 8,000 and have a order limit in place of five per household.
The 2009 Platinum Eagle features a new reverse or tails side design emblematic of the principle "To Form a More Perfect Union," the first of six principles of American democracy found in the Preamble to the United States Constitution.
This year's theme depicts the diversity of the nation with four faces on the left looking towards the right, hair and clothing weaved together. The weaving completes a circle where within the concept is inscribed. It was designed by Susan Gamble and sculpted by Phebe Hemphill.
No sales figure changes were reported this week for the remaining 2008-W American Eagle Gold Uncirculated Coins. Unusual, given other collector coins moved and coins did sell. In fact, the gold eagle four-coin set sold out Tuesday.
It will be another week of waiting to see how the US Mint updates the numbers next week.
For the second consecutive week, the 2009 Ultra-High Relief and uncirculated 2008-dated American Eagle gold coins went up in price on Thursday. The increases follow a week of higher gold prices and the Mint pricing policy that was launched on January 12.
The Perth Mint has launched a series of pure gold, silver and platinum coins featuring stunning artistry by Indigenous coin designer Darryl Bellotti.
Called The Dreaming Series, it is the latest coin range to be issued under the Mint's 'Discover Australia' brand banner. Promoting fascinating aspects of Australian wildlife, landscapes and culture, the coins are expected to become as popular at home and with international collectors, gift-buyers and investors, as the earlier releases in the program.
The new Dreaming coins portray unique interpretations of Australian animals by Darryl Bellotti, a Western Australian graphic artist of Yamatji and Nyoongar descent who joined The Perth Mint in-house design team in 2006.
Two US Mint collector coins sold out since the last reported sales figures -- individual 2008-W American Eagle Silver Uncirculated Coins and 2008-W Eagle Gold Proof Coins.
The former showed a zero increase in sales, as was the case in the last report and still noted as unusual. The latter gold proof coins expectedly rose. Sales increased by 2,503 coins, or by 18.4 percent compared to last week's reported 16.4 percent increase.