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.
Related:
10th Anniversary Platinum Eagle Set Sales Figures
Coin Update- Daily Coin News Roundup
Labels: Platinum Eagles
posted by Mint News Blog @ 4:53 AM
6 Comments:
Any word whether the Mint sold out of the platinum sets or just pulled them from the site?
as of 1/24/08 a little less than 17,000 of the 30,000 sets have been sold. They are still available on the mint website under platimun proof american eagles.
Any idea on the sales of the platinum proof and uncirculated coins?
Those were suspended in response to the rise in platinum prices according to this article.
Thanks for the info.
They are back on sale at a much higher price. It will be interestig to see how many are ultimately sold of all the platinum/gold issues.
Thanks for the tip! news posts coming up on the burnished 2007 gold and plat eagles.
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