Comments on: US Mint: 2007 Platinum Eagles Available at 12:00pm EST on July 17, 2007

By: Jeff Schade

Jeff Schade — Fri, 28 Sep 2007 20:09:04 +0000

The mintage on the platinum eagles the past few years has been EXTREMELY low the past few years. The uncirculated 1 oz coins from ’97 & ’98 combined for around 190,000 to more like 16,000 combined from ’04 & ’05.

Strangely, other than the ‘W’ mintmark ’06, none of them have really taken off yet.

In the first year, 1997, the spot price of platinum was around $400/oz. Gold was only slightly lower ($300+). Now that platinum is around $1400 and gold around $750, there are not nearly as many people willing to pay the price for platinum eagles.
Also, there is not a long-term following as has been developed not only in gold coins, but gold as a store of value in general.
That being said, the numbers are extremely low, and eventually, Platinum Eagles will most likely catch on more over time. When the price of platinum dips and circulation numbers increase to meet demand, these low-volume years may be the most collectible precious metal coins produced in a LONG time.

By: Adam Nash

Adam Nash — Wed, 18 Jul 2007 15:54:50 +0000

Interesting… so you collect the platinum eagles?

I think with these limited mintage coins, you have to be online ordering almost at the exact time they release.

Adam

By: joel iskowitz

joel iskowitz — Wed, 18 Jul 2007 07:01:00 +0000

Adam Hi,
I am one of the unfortunate ones who didn’t purchase enough of the 2006 Platinum Proof Eagle (“Legislative Muse”). I was only able to get the 1/10 oz. size at the time.This hurts especially since I see that the 2006 series price has tripled since. Also vexsome is that the reverse it’s my design. Also, I also wonder why,if one goes to the Historic Image Library at the Mint’s site, that 2006 is the only one in the series that doesn’t show up.It jumps from 2005 to 2007.
In any event I enjoy your site and enthusiasm about all the numismatic events that unfold.
Best,
Joel