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Proof platinum Eagles sell out

This article was originally printed in the latest issue of Numismatic News.
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The platinum proof one-ounce American Eagle coin sold out as expected by the Aug. 22 Mint report date. All 10,000 were snapped up by collectors in just over a week. This total is 2,000 coins higher than the number sold last year and more than 5,000 higher than the 4,769 sold in 2008. However, mintages in the late 1990s were far higher. The first year of issue in 1997 saw 20,851 sold.

2011 U.S. Coin Digest
2011 U.S. Coin Digest

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The rate of sales of the one-ounce American Eagle gold bullion coin in August might just drop below the 2010 monthly low achieved in April of 60,500. Does that mean that all is hunky-dory in the world economy, or have Eagle buyers simply cut back? We will have to watch this.

So far in 2010, 803,500 one-ounce gold Eagles have been sold. Last year’s full-year total was 1,315,500.

James Buchanan dollar roll totals have taken their place on the opposite page with initial sales at 22,929 Philadelphia rolls and 23,167 Denver rolls.

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