10th Anniversary Platinum Eagle Set Back on Sale
After a long suspension, the 10th Anniversary Platinum Eagle Set is back on sale at the US Mint, but the resumption of sales comes with a hefty price increase. The set is now being offered at $2,649.95. The Mint has also removed the previously imposed ordering limit of one per household.
The set contains two one-half ounce Platinum Eagles, one proof version and one reverse proof version. The set was released following the success of the 20th Anniversary Gold and Silver Eagle Sets, which also contained reverse proof coins.
While the revised pricing seems shocking at first glance, it actually re-establishes the Mint's initial premium on the sets over the spot price of platinum. The following table takes a look at the the price of the set compared to the spot price of platinum on three key dates.
|Mint Price||Spot Platinum||Premium||%|
|Dec 13 2007||$1,949.95||$1,474.00||$475.95||24.41%|
|Feb 12 2008||$1,949.95||$1,911.00||$38.95||2.00%|
|Apr 10 2008||$2,649.95||$2,015.00||$634.95||23.96%|
- December 13, 2007 - the day when the sets first went on sale at the Mint
- February 12, 2008 - the day before sales were suspended
- April 10, 2008 - today, after the resumption of sales at the new price
Based on stats from Numismaster, so far the Mint has sold 17,681 of the 10th Anniversary Platinum Eagle Sets out of the maximum 30,000.
Labels: Platinum Eagles