The American Platinum Eagle Coinage Available from JM Bullion
The primary bullion coin series available from the United States Mint is known as the American Eagle Series. Each of the coins in this collection features its own, unique image of Lady Liberty on the obverse side and the American bald eagle on the reverse side. No two metallic versions of the coin share the same design concepts. The first coins issued were the Gold Eagle and Silver Eagle in 1986, both with a historic vision of Liberty on the obverse. The American Platinum Eagle coin was the next to be introduced, and its 1997 debut brought with it the only version of the American Eagle that did not use a previous historic coin design of Liberty on the obverse. You can learn all about the American Platinum Eagle coins below.
Platinum Eagle Bullion Coins
When the United States Mint introduced the new American Platinum Eagle coins in 1997, it made them available in both bullion and proof versions with four weights available in both versions. These included 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz Platinum Eagle bullion coins. All bullion coins were originally available in Brilliant Uncirculated condition and featured .9995 pure platinum content. The 1 oz coin had a face value of $100 (USD), with the other weights offering various values on a scale relative to their weight when compared to the 1 oz coin. For example, the 1/2 oz Platinum Eagle had a face value of $50 (USD).
On the obverse side of American Platinum Eagle bullion coins is a distinctive design created that year by John Mercanti, a US Mint engraver-artist and the future 12th Chief Engraver of the United States Mint from 2006-2010. His vision of Liberty, though not from historic US coinage, is nonetheless found only on the Platinum Eagle coinage. It takes a close look at the face of Liberty as featured on the Statue of Liberty in New York Harbor.
The reverse face of the coin includes a design of the American bald eagle created by Thomas D. Rogers. Rogers was an accomplished engraver-artist at the United States Mint and designed the image of an American bald eagle with its wings spread to the max as it soars over the continent. This design has persisted on the Platinum Eagle bullion coins throughout their history of production.
Platinum Eagle Proof Coins
In 1997, the United States Mint also offered the Proof American Platinum Eagle coins for collectors to purchase. The Proof Platinum Eagle coins had the same weights available initially and included the same face values and metallic fineness as the bullion versions in the series. The Proof Platinum American Eagle coins have always featured much lower mintage figures and are housed differently. When initially purchased, Proof Platinum Eagles are shipped inside of protective capsules and a US Mint commemorative box with a Certificate of Authenticity included.
What makes the Proof Platinum Eagle unique when compared to other collectible versions of American Eagle coins is the design elements. Only the 1997 and 2017 Proof American Platinum Eagle coins have the same design as each other in the proof series, and the same design as all issues of the bullion coin.
The United States Mint has opted for new designs of the American bald eagle on the reverse of the Proof Platinum Eagle in every year of availability. These designs are often part of a purposeful program that highlights Americana with every design while incorporating the images of Liberty and the bald eagle. Up until 2017, the Statue of Liberty design from Mercanti persisted on the Proof Platinum Eagle’s obverse. Starting in 2018, a new series debuted with fresh designs for both sides of the coinage. The 1997 Proof Platinum Eagle stands alone as the initial issue with the shared bullion design, and the 2017 Proof Platinum Eagle reused that same design as a celebration of the coin’s 20th-anniversary release in that year.
Design Series for the Proof Platinum Eagles
As mentioned above, throughout all of the Proof Platinum Eagle design series introduced between 1998 and 2016, the United States Mint maintained the use of Mercanti’s Liberty design on the obverse. It was the reverse image of the bald eagle that was most frequently changed in the series. Beginning with the Preamble to the Declaration of Independence Series in 2018, the United States Mint varied its approach for the first time. A brief breakdown of all design programs is listed below:
- 1998-2002: The first design series was known as the Vistas of Liberty and featured the American bald eagle soaring on the reverse. It was captured on the reverse side flying over different regions of the country with varying landscapes.
- 2006-2008: The second design series was the Foundations of Democracy. The design elements on the reverse of the coins represented the three main branches of the federal government in the United States: Executive, Legislative, and Judicial.
- 2009-2014: The longest series of designs to date in the Proof Platinum Eagle collection, the Preamble to the Constitution of the United States offers reverse designs exploring themes of democracy in the country. The designs were inspired by the writings of Judge John Roberts, Chief Justice of the United States Supreme Court.
- 2015-2016: From the longest, the US Mint moved to the shortest design series in the collection. This two-design series was the first to feature works from members of the United States Mint Artistic Infusion Program and was known as the Torches of Liberty. The designs explored the core American concepts of liberty and freedom.
- 2018-2020: The most recent coin designs, the Preamble to the Declaration of Independence offers designs that capture the beliefs of “Life, Liberty, and the Pursuit of Happiness.” This was the first collection to use obverse and reverse designs that were both new. All three coins share a common reverse of the American bald eagle coming to land with an olive branch in its talons. The obverse includes new designs of Liberty matching the stated section in the preamble.
Availability of American Platinum Eagles Through the Years
All of the highest mintage figures in the American Platinum Eagle Series came during the second year of availability in 1998, with the exception of the 1997 1/10 oz American Platinum Eagle bullion coin. During the first year of availability, the 1/10 oz American Platinum Eagle coin had a mintage of 70,250. By the next year, that figure had dropped in half for this weight.
Since the 2008 reduction of the Proof American Platinum Eagle to just the 1 oz coin and the reintroduction of the American Platinum Eagle bullion coin in 2014, the mintage figures for both versions of the coin have been vastly subdued compared to the late 1990s when the coins were introduced. The highest mintage figures since 2008 in the Proof American Platinum Eagle came in 2011 when 14,700 coins were issued at the height of the Great Recession. For the bullion American Platinum Eagle, the highest mintage figure since 2014 was 20,000 coins in 2016.
Purchasing American Platinum Eagles from JM Bullion
For those who want to invest in the American Platinum Eagle or collect the coins of the Proof Platinum Eagle Series, JM Bullion can help answer any questions you might have in the process. You can call us on the phone at 888-989-7223, chat with us live online, or simply send us an email with your inquiries.
FAQs
How much is an American Eagle Platinum coin worth? ›
What is the price of Platinum American Eagle Coins today? The current ask purchase price for a Platinum American Eagle is: $1,109.70. The best reference for today's up to date prices for Platinum American Eagle coins is above.
Where can I buy Eagle coins? ›Go to CoinMarketCap and search for eaglecoin. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase eaglecoin as well as the currencies you can use to obtain it. Under “Pairs” you'll see the shorthand for eaglecoin, ELC, plus a second currency.
How to buy American Silver Eagle bullion coins? ›You can buy American Eagle Silver Coins for the lowest price at SD Bullion. Shop online anytime or call our trade desk at 1-800-294-8732. American Silver Eagle Coins are also Silver IRA eligible and make a great addition to any silver coin collection.
Do American Eagle coins go up in value? ›Absolutely! Silver Eagles are popular, have liquidity, and hold additional value to collectors. They're always in demand due to their silver content and purity, as well as their value as U.S. legal tender. If you still need more information on investing, check out our Silver Eagle guide.
Are platinum coins hard to sell? ›Platinum Tends to Have a Poor Resale Value
The main reason is because a relatively small number of people are willing to buy it. This doesn't mean you can't find a reputable buyer, but you'll need to do some searching as you explore your options.
Platinum bullion coins are an excellent choice because platinum is in demand for both jewelry and manufacturing/industrial applications. In addition, because government mints make platinum coins, they always maintain high standards of quality and have a face value guaranteed by the government of the issuing country.
Can I buy American eagle coins from bank? ›Yes, you can buy American Silver Eagle coins at a bank. The U.S. Mint indicates that it sells Silver Eagles to authorized purchasers.
What banks sell American Eagle silver coins? ›...
1 oz. American Eagles.
| Attribute | Value |
|---|---|
| Fineness | 0.999 |
##Where To Buy American Gold Eagles## Looking for American Gold Eagles? These aren't the kinds of coins that will just show up in your pocket change, and you won't even find them at most banks or financial institutions. Instead, you will need to seek out a coin dealer or bullion broker.
Can I buy American Silver Eagles directly from the mint? ›The U.S. Mint does not sell American Eagle Bullion Coins directly to the public. Locate an authorized dealer.
Are American Eagle silver coins a good investment? ›
Reasons American Silver Eagles are a Good Investment: American Silver Eagles make great investments because they carry an intrinsic value and won't fall in value like other currencies.
Should I buy American Eagle gold coins? ›Lastly, buying gold eagle for sale is considered to be the most agile form of physical investment in gold. So, American Eagles coins are a great measure against inflation. So, buying gold eagles is a good investment.
What is the most expensive American eagle coin? ›While the 1995 bullion silver eagle may, at times, be an afterthought, the 1995 West Point (W) minted proof silver eagle is the most valuable of the silver eagle coins. A mere 30,125 of these coins were produced and were only available as part of the 1995-W 10th-anniversary gold and silver eagle proof set.
Why are American eagle coins so expensive? ›American Silver Eagles' premiums are high for one main reason: demand. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. In periods of high demand, premiums for a given silver product are likely to increase.
How much can I sell an American Eagle silver coin for? ›Sell to Us
You can now sell your 2021 American Silver Eagle (Type 1) to us, at a price of $23.98 each!
Platinum is a very dense metal which means it has excellent resistance to wearing away. A wedding ring made in Platinum could be worn for decades and barely lose any thickness at all. The downside of Platinum is that it tends to lose its high polish and sharp edges fairly quickly.
Why platinum has no resale value? ›Platinum tends to be a level pricier than the other pieces, yet in contrast to the other precious metals, platinum has a lower resale value, which makes it a one-time investment in the market,” he said. In India, platinum has not got that kind of acceptability and marketability that gold and diamond have.
What is the most popular platinum coin size? ›American Platinum Eagle – the most popular physical platinum bullion coin is the American Platinum Eagle. It contains . 9995 pure platinum, and comes in 1 troy oz, as well as 1/10 oz, 1/4oz and 1/2oz sizes. The Eagle is the official Platinum coin of the United States Mint, and is produced every year.
What is best platinum coin to buy? ›- 1) South Africa Big Five Elephant.
- 2) 2022 Platinum American Platinum Eagle.
- 3) 2022 Canadian Maple Leaf.
- 4) 2022 Austrian Philharmonic.
- 5) 2022 Royal Mint Tudor Beasts Lion of England.
For investors buying platinum coins and bars this shouldn't be an issue, as the platinum is unlikely to be handled regularly. If, however, you do have a platinum coin or bar that has a patina, it can be polished safely, as the durability means platinum isn't worn away when polished.
Do platinum coins expire? ›
Platinum Points (all types) are valid until the last day of the month 6 months after you earn them.
What is the best way to buy gold eagle coins? ›Uncirculated and proof Gold Eagles can be bought directly from the United States Mint. Prices are usually updated weekly to reflect the London gold price. However it's the bullion coins that are more relevant to investors and these are not sold by the mint. Instead they can be bought from most bullion or coin dealers.
Can you get special coins from the bank? ›The Fed charges the banks a fee to place special orders for coins and currency unless the coin qualifies as a "Commemorative Issue" and has a designated Special Ordering Period. The Statehood Quarters and the Presidential Dollars qualified under this designation when they were first released.
How much is a $5 gold American Eagle worth? ›Official Face Value: $5. Actual Street Value: $160-210.
Is it better to buy silver bars or Silver Eagles? ›Silver coins have the edge over bars as a legal tender in that they have more recognition in the physical metal market and are easier to sell (high liquidity). This increased liquidity and recognition in the market also mean higher demands for silver coins, which is reflected in a high premium over spot price.
How much over spot should you pay for Silver Eagles? ›Uncirculated American Silver Eagles typically carry a premium of a few dollars over the spot silver price. American Silver Eagle proofs, however, can carry premiums that are three times the spot price.
Do banks sort out silver coins? ›They go to a bank, buy rolls of coins and then sort through them, looking for coins from certain years that contain silver. If they can find just one or two old silver coins, they can recycle them and make money. And the more coin rolls they buy, the more money they make.
Do banks sell gold eagles? ›Some U.S. banks do sell gold bars and coins as well as silver coins, but the vast majority of U.S. banks do not make gold or silver available to the public. Banks usually avoid selling precious metals because of their price fluctuations.
Will banks give you cash for gold coins? ›Banks Do Not Accept the Gold Coins Back
This means that you will have to find a jeweler or a pawn shop to sell your gold coins. Also, the jeweler will accept your gold coins at the market price, which is always lower than the price at which you bought them from the banks.
What is the current ask price of Gold Eagle Coins? The current ask purchase prices for a one-ounce American Gold Eagle is: 2,043.80 The best reference for today's up to date prices for Gold Eagle Coins is above. For a comparison of Gold Eagles to other gold coins, refer to Monex' Live Prices Page.
Is there a shortage of American Silver Eagles? ›
And that planchet shortage has resulted in a coin production shortage, with the Mint having struck only 12.8 million Silver Eagles through September 2022 – compared to at least twice that amount at this point last year when demand was at a similar level.
Are American Silver Eagles taxable? ›Similarly, there are several bullion products that are exempt from reporting, regardless of the quantities that a customer may sell. Such pieces include, but are not limited to: Fractional Gold Coins. Gold or Silver American Eagle Coins.
Can I get half dollars from the bank? ›Presently, collector half dollars can be ordered directly from the U.S. Mint, and pre-2002 circulation half dollars may be ordered through most American banks and credit unions. In 2021, half dollars began to be produced for general circulation again.
Why are 1oz Silver Eagles so expensive? ›As the official silver bullion coin of the United States, the 1 oz American Eagle Silver Coin has enjoyed a high level of prestige among precious metals investors at home and abroad. The popularity of the coin derives from its high purity rating, instant liquidity, and inflation-hedge properties.
Why are Silver Eagles so expensive now? ›The U.S. Mint is the only producer of the Silver American Eagles so when the demand increases as it has lately, they have a hard time keeping up with production and distribution, thus causing premium increases. Because of the higher premium, many bullion investors and collectors have switched to .
Is it illegal to own a 1933 Double Eagle coin? ›Currently, with the exception of the one sold on July 30, 2002, 1933 double eagle coins cannot be the legal possession of any member of the public, as they were never issued and hence remain the property of the United States government.
Why is the $7.6 million dollar Double Eagle coin so valuable? ›The Double Eagle coin was the last gold currency struck in the United States, reports Reuters. The newly sold specimen's value stems from its status as the only legally privately owned 1933 Double Eagle known to survive today.
What is the rarest American eagle? ›2019-S Enhanced Reverse Proof is the rarest Silver Eagle ever released by the US Mint. The coin was officially released on November 14, 2019.
How much is a platinum American Eagle coin? ›The current ask purchase price for a Platinum American Eagle is: $1,043.40. The best reference for today's up to date prices for Platinum American Eagle coins is above.
Do banks sell Silver Eagles? ›Yes, you can buy American Silver Eagle coins at a bank. The U.S. Mint indicates that it sells Silver Eagles to authorized purchasers.
How much does an American Eagle coin cost? ›
Buy the American Eagle 1 oz Gold Coin
Each Golden Eagle Value is based on its gold content, but it also carries a legal tender value of $50 US (1 oz), $25 US (1/2 oz), $10 US (1/4 oz) and $5 US (1/10 oz). The Golden Eagle's weight, content, and purity are guaranteed by the United States Government.
Absolutely! Silver Eagles are popular, have liquidity, and hold additional value to collectors. They're always in demand due to their silver content and purity, as well as their value as U.S. legal tender. If you still need more information on investing, check out our Silver Eagle guide.
Where can I sell my American Eagle coins? ›Call us at 1 877 775-4826 (US and Canada) or use our international number, 1 514 313-9999. Our Customer Service Representatives will be very happy to help you to complete your transaction. Kitco lets you track the Gold American Eagle Coin price easily, as well as other precious metals on our world leading website.
How much is a 1 oz silver eagle coin worth? ›2022 Silver American Eagle - 1 Troy Ounce, . 999 Pure. Sell to Us Price: $23.88 each. Sell to Us Price: $23.88 each.
What is the most valuable American Eagle coin? ›The 1994 and 1996 silver eagles are the most valuable and popular of the silver eagles, but don't overlook the 1997 and 1995 silver eagles, which have the third- and fourth-lowest production levels, respectively.
How much is 1 4 oz platinum worth? ›...
1/4 oz American Platinum Eagle Coin.
| Quantity | Check/Wire/eCheck 4% discount. When you pay with a check, money order, or bank wire, you will receive a 4% discount. | Card |
| 1+ | $400.97 | $417.01 |
Also, platinum is historically more valuable than gold. Over the long-term it's traded at an average price of 1.2 times the price of gold. Today, it trades around 0.65 times the price of gold.
How much is a 1 10 oz platinum coin? ›9995 Pure. Sell to Us Price: $95.16 each. Sell to Us Price: $95.16 each.
Are American Eagle gold coins a good investment? ›The tougher composition of the Gold American Eagle coin also makes it ideal for long term buy and hold investing and a great way to own physical gold in individual retirement Accounts or IRAs. Investing in gold continues to provide investors a safe haven from market volatility.
Why buy American Eagle silver coins? ›American Eagle Silver Bullion Coins are coins whose weight and purity are guaranteed by the United States Government. They're also allowed in an IRA. Each coin contains a minimum of one troy ounce of 99.9% pure silver.
How much platinum for $1 trillion dollars? ›
To make a coin that contains $1 trillion worth of platinum, you'd need about 617 million ounces. That's about 19,300 tons of platinum. Or, approximately 2,000 school buses or two Eiffel Towers. Face it, you're not going to be flipping that coin.
How much can I buy an ounce of platinum for? ›CON: Platinum is much more expensive than silver and white gold. Also, because platinum is a heavy precious metal and sold by weight, it inflates the overall cost.
What is the best way to buy platinum? ›You can buy platinum for investment purposes by shopping for it through a bullion dealer. A dealer is a professional or group of professionals who buy and sell precious metals.
Why is platinum so cheap now? ›Why is platinum cheap right now? If we look at how much platinum was mined over the last 11 years, we can see that the supply of platinum is decreasing. In recent years, only 180 metric tons of platinum were mined, that's nearly a 10% drop in mining production compared to the peak (over the last 11 years).
How much is a 1 10 of an ounce American Eagle coin worth? ›...
1/10 oz American Gold Eagle Coin (Any Year)
| Specifications | IN STOCK |
|---|---|
| Coins Per Tube: | 50 |
| Purity: | 22k (.9167) |
| Sell to Us: | Spot + 15% |
1/10 Oz American Gold Eagle Coin, Old Style (Dates Our Choice) Sell to Us Price: $211.73 each.
Is it worth it to buy a 1 10 oz gold coin? ›Simply multiply 0.10 by the current spot price of gold and you'll see 1/10 ounce of gold is worth far more than its face value. Because of the lower overall weight than other gold bullion coins, 1/10 oz Gold Eagles are a great choice for investors looking to buy gold coins that are highly movable.