Mint News Blog

News, Information, and Commentary on US Mint Products

Tuesday, July 1, 2008

2008-W Uncirculated Platinum Eagles


In a surprise move, the US Mint has put the 2008-W Uncirculated Platinum Eagles on sale today. There had been no release date set in their product schedule or press release to pre-announce the sale.

These are the so called "collectible versions" of the American Platinum Eagle Bullion Coins. They differ from the regular bullion coins by the inclusion of a "W" mint mark to denote West Point. The coins are also struck on specially burnished blanks and are sometimes referred to as "Burnished Platinum Eagles."

Earlier today, I had posted that the Mint suspended sales of the 2008 Proof Platinum Eagles. I had speculated that a potential reason for the suspension was a pricing conflict with the upcoming Uncirculated Eagles. Generally the proof versions of coins are sold for a premium above non-proof versions. My speculation may have been correct, since the prices for the Uncirculated versions are higher than the previous prices for the Proof versions.

Pricing information for the new release is in the table below:

2008-W Uncirculated Platinum Eagles
1 ounce $2,349.95
1/2 ounce $1,199.95
1/4 ounce $ 619.95
1/10 ounce $ 259.95
4 Coin Set $4,289.95

It's a little bit ironic that if you were buying Platinum Eagles from the Mint yesterday, you could have gotten proof coins for a cheaper price.

The product pages and further information from the Mint can be found here.

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1 Comments:

At July 3, 2008 at 5:50 AM , Anonymous Anonymous said...

Seems like this year and the next
may be potential "key" years with
the economy heading lower, coin
prices increasing, and funds
for numismatic purchases drying up.
Will have to watch the mintage
numbers closely to see how this
develops...

 

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