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Platinum Eagle prices leap higher

eagles0520a.jpgGasoline is not the only thing rising in price. When proof 2008 platinum American Eagle coins went on sale May 5, prices were up in the neighborhood of 40 percent from the initial issue prices of the 2007 coins.
Mintage limits, though, remain unchanged from 2007.

The proof 2008 one-ounce coin is priced at $2,299.95 each, up 43.75 percent from the initial 2007 issue price. Mintage limit is 6,000.

The rise in price of the half-ounce is the largest in percentage terms, 45.05 percent, to $809.95. Mintage limit is 5,000.

The quarter-ounce coin is priced at $609.95, up 38.64 percent. Mintage limit is 5,000.

Seeing the smallest price hike is the tenth-ounce coin. It is $269.95, up 17.40 percent. Mintage limit is 10,000.

The four-coin set is priced at $4,119.95, up 39.66 percent. Mintage limit is 10,000.

Owners of prior platinum issues are probably pleased at the price increases because they reflect the rising price of platinum and the rising values of coins that contain platinum.

eagles0520b.jpgA representation of Lady Justice, with scales and sword, is featured on the reverse of the 2008 platinum proofs. The design was sculpted by Mint Artistic Infusion Program Master Designer Joel Iskowitz, and it was engraved by Mint Sculptor-Engraver Charles Vickers.

This is the final design in a three-year series celebrating the three branches of the federal government. It honors the Judicial branch. The series is called ?The Foundations of American Democracy.?

The obverse of the 2008 platinum proof coins bears an unchanging image of Liberty. It was designed by Mint Sculptor-Engraver John Mercanti.
Proof platinum Eagles bear the ?W? mintmark on the reverse, denoting production at the U.S. Mint facility at West Point, N.Y.

Each coin is encapsulated in plastic and is accompanied by a certificate of authenticity.

A shipping and handling fee of $4.95 will be added to all domestic orders. Allow approximately two to three weeks for delivery, the Mint asks.
Place orders at www.usmint.gov, or telephone (800) 872-6468.

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