Mint News Blog

News, Information, and Commentary on US Mint Products

Wednesday, November 19, 2008

10th Anniversary Platinum Eagle Set Back on Sale


The 2007 10th Anniversary Platinum Eagle Set quietly went back on sale at the US Mint within the last few days. It just noticed the listing this morning, but it appears that the sets may have went back on sale as early as Monday of this week. The sets are now listed for $1,249.95 with no ordering limits.

Each sets contains a 1/2 oz. 2007-W Proof Platinum Eagle and a 1/2 oz. 2007-W Reverse Proof Platinum Eagle. The reverse proof coin features mirrored raised elements and a frosted background, the reverse of the typical proof finish. In 2006, the US Mint had offered 20th Anniversary Gold and Silver Eagle Sets which featured reverse proof coins. These sets were extremely popular and sold out quickly, perhaps prompting the Mint to produce a similar set for Platinum Eagles.

The 10th Anniversary Platinum Eagle Set was first offered for sale on December 13, 2007 priced at $1,949.95. In April 2008, the price for the sets was increased to $2,649.95.

To date, approximately 18,000 sets have been sold at the higher prices. The US Mint had indicated in interviews that the entire maximum authorized mintage of 30,000 sets had been produced in December of 2007, meaning that nearly 12,000 remain in inventory.

In my opinion, this is a beautiful set, but it probably does not have as much potential as the 2008 dated Platinum Eagle coins currently available at the US Mint. The mintage of 30,000 coins for the 10th Anniversary Set is extremely high for the Platinum Eagle series. Also, it will probably take the US Mint a long time to sell the remaining 12,000 sets. In fact, I wouldn't be surprised if this set remains available for sale for several years.

You can find the US Mint's product page for the set here.

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5 Comments:

At November 19, 2008 at 1:44 PM , Anonymous Anonymous said...

These really are beautiful.

I really really overpaid.

I just need to focus on their beauty.

 
At November 20, 2008 at 11:04 AM , Anonymous Anonymous said...

The right thing for the Mint to do would have been to scrap the 12K unsold sets. There are 18K collectors out there deeply underwater who will never recover thanks to the new price offered.

 
At November 20, 2008 at 11:30 PM , Anonymous Anonymous said...

As of Nov. 20, the 4-coins plat unc set is unavailable from the US Mint site. Since they just lowered the prices of everything I assume they sold out and didn't remove the set for yet another repricing. Also unavailable are the 1-oz and 1/10-oz proof Buffs, and 1/4-oz and 1/10-oz unc Buffs.

Looks like the total mintages of all 2008 plat unc denominations will end up higher than the key date 2006 coins except for the 1-oz, with the 4-coin set slightly higher.

Great blog Mike, keep up the good work.

 
At November 21, 2008 at 7:29 AM , Blogger Michael said...

Thanks. I appreciate it.

I will have some upcoming posts on both of those topics.

 
At November 22, 2008 at 8:31 PM , Blogger Jeff said...

It's a crock of $hit. I paid $1,900 for this set and am steaming about the new pricing. This is utterly ridiculous. They should have melted the rest as previously suggested.

 

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