Mint News Blog

News, Information, and Commentary on US Mint Products

Thursday, February 7, 2008

2007-W Burnished Platinum Eagles Sold Out?


Have the 2007-W Burnished Platinum Eagles finally sold out at the US Mint? As of the writing of this post, the 1 ounce, 1/2 ounce, 1/4 ounce, and 4 coin set are no longer on sale with the message "Product is Not Available." The 1/10 ounce coin remains on sale at the adjusted price of $229.95. The 2007 Proof Platinum Eagles and 10th Anniversary Platinum Eagle Set also remain on sale.

The Burnished Platinum Eagles went back on sale late Sunday of this week at adjusted prices following a suspension due to the rising price of platinum. At that time, I had speculated that the Mint was selling off the remainder of its 2007 inventory. More gains in the price of platinum this week probably helped fuel the final sales.

While the final mintage figures won't be known for a while, the sale figures were tracking sufficiently low to expect some secondary market price appreciation. The 2006 Burnished Platinum Eagles had risen in price significantly after some shockingly low mintage figures were revealed.

Update: The Mint recently added the "increasing market value of platinum" message to the product pages, so it looks like once again sales are just suspended.
Due to the increasing market value of platinum, the American Eagle Platinum Uncirculated Coins are temporarily unavailable while pricing for these options can be adjusted; therefore, no orders can be taken at this time.

Related:
2007-W Burnished Platinum Eagles Back on sale

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2 Comments:

At February 7, 2008 at 9:14 AM , Anonymous Anonymous said...

My guess is that the Uncirculated Platinum were pulled due to the continuing increase in the price of platinum. Today's NY spot price (Noon) is $1,834 per ounce. The prices for platinum proofs, including the 10th anniversary set, are getting very close to the spot price of platinum and it would not surprise me if they are pulled also. We'll see.

 
At February 14, 2008 at 7:14 AM , Anonymous Anonymous said...

Looks like all the platimum items (uncirculated and proof) have been taken off the US Mint's site for sale, including the anniversary set.

Platinum hot $2,000 per ounce yesterday

 

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