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Platinum Eagle sales take off

More than 17,000 one-ounce platinum bullion American Eagle coins were snapped up by Authorized Purchasers July 25.

More than 17,000 one-ounce platinum bullion American Eagle coins were snapped up by Authorized Purchasers July 25.

More one-ounce platinum bullion American Eagles were sold by the U.S. Mint on July 25 than in the entire year of 2014, the last time the coins were offered.

On that date, 17,100 of the coins were sold to the Authorized Purchasers. In all of 2014, the Mint sold just 16,900.

The platinum bullion coin program has had a rough time in recent years.

After being issued regularly from 1997 on, the tenth-, quarter-, half- and one-ounce platinum Eagle bullion coin production was suspended after 2008.

In 2014, only the one-ounce size was revived.

Blank shortages forced the Mint to skip bullion platinum coin production entirely in 2015. What one-ounce platinum blanks the Mint could obtain went to the proof collector coin program.

On the second day of platinum bullion American Eagle sales, another 1,300 pieces were taken by the APs, bringing the two-day total to 18,400.

 

 

This article was originally printed in Numismatic News.
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