US Mint: 2007 Platinum Eagles Available at 12:00pm EST on July 17, 2007
Don’t say they didn’t warn you!
From the press release:
Pricing and mintages of the 2007 American Eagle Platinum Proof and Platinum Coins are listed below:
Proof one ounce
Proof Four-Coin Set
Uncirculated One Ounce
Uncirculated Four-Coin Set
Note: Maximum mintages reflect the total number of individual product options and the coins included in the four-coin sets.
Orders for the platinum proof coins should be submitted early, as mintages are limited. There is no mintage limit for the platinum uncirculated coins. Household limits have not been set for these options. Additionally, the United States Mint reserves the right to limit quantities and may discontinue accepting orders at any time.
Wow. And you thought the First Spouse gold coins were expensive. $3000 for the proof set, and now there is an uncirculated version for collectors as well.
I don’t know what to make of the very low mintage. On the one hand, a low mintage usually means a good solid path to appreciation and rarity. On the other hand, how many people are really collecting the Platinum eagles? There has to be a diminishing return on pricing of coins. It’s the same issue I have with the First Spouse coins… how many people are really going to shell out $16,000 to own the whole set? And how much can it appreciate from there, since that’s just the up front cost?
In any case, don’t whine if you want these coins and you’re not there at 12pm to place your order. It’s as easy as going to:
P.S. If you happen to pick up an extra 4-coin proof set, feel free to send it my way.