The 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.
Read article: 2008 American Eagle Platinum Coins Back on Sale at US Mint
American Platinum Eagles are the official platinum bullion coin of the United States. They have been minted since 1997 and they contain 99.95% pure platinum. This coin comes in 1/10 oz., 1/4 oz., 1/2 oz., and 1 oz. denominations with face values of $10, $25, $50, and $100. The unique thing about the American Platinum Eagle proofs is that there is an alternating reverse design each year and it is the only United States bullion coin that does that. The prices for these coins are around $194, $481, $936, and $1837.
WASHINGTON – The United States Mint will begin accepting orders for the 2008 American Eagle Platinum Proof Coins at 12:00 noon (ET) on May 5, 2008. This year’s coins feature the final design in the three-year series entitled, “The Foundations of American Democracy,” celebrating our Nation’s Judicial Branch of government.