Platinum Soars, 10th Anniversary Platinum Sets Still on Sale
Platinum has been soaring recently due to mining power outages. As of the writing of this post, platinum is trading at $1,689 per ounce. Yesterday it had traded above $1,700.
The only platinum product still available for sale at the US Mint is the 10th Anniversary Platinum Eagle Set.
The Uncirculated Burnished Platinum Eagles have not been on sale for some time. The Proof Platinum Eagles were only recently pulled from the Mint's website. However, there were many reports on Friday that any orders placed for the coins were shown as "no longer available" on the email confirmations sent immediately following the order. So even though orders could be placed, they were not accepted.
The 10th Anniversary Platinum Eagle Set contains two one-half ounce Platinum Eagle coins. One has a proof finish and one has a special reverse proof finish. The set is priced at $1,949.95, which continues to become a better relative value as the price of platinum increases.
Platinum seems to be pulling back this morning, but with any further increase it's likely that the Mint would have to suspend sales of the 10th Anniversary Set as well.
Labels: Platinum Eagles