This week we will be writing about the new release of the American Platinum Eagle Coins which will start being produced and distributed in early August. These coins have been offered by the U.S. Mint for just under 20 years, making them one of their newer products. It was first introduced in 1997, in part due to the success that the U.S. Mint previously had with the American Gold & Silver Eagles.
Starting in 1986, the gold and silver varieties began to be offered to collectors and investors. It wasn’t before long when the American Eagle started to become one of the most popular investment coins in the entire world (for both gold and silver). When the coin program launched, it went up against the Maple Leaf and Krugerrand coins primarily. The American Eagles proved to be immensely popular to those in not just America, but many other parts of the world as well.
In 1997, the U.S. Mint decided to expand its collectible/investment-grade bullion coins to include platinum. The coins would include slightly different imagery than its gold and silver sisters, but with the same symbols. It still includes an image of Lady Liberty on the obverse and a bald eagle on the reverse, though the exact image is different than the gold and silver varieties. They are struck in .9995 purity.
2016 American Platinum Eagle Design
Unlike the Silver and Gold Eagle coins, the American Platinum Eagle has went through a few design changes since 1997. For 2016, however, the coins will include a close-up image of the Statue of Liberty from the neck up. Above her crown is the word “LIBERTY.” To her right is the minting year (2016) and the phrase “IN GOD WE TRUST.” This design is actually done by the same engraver responsible for the American Silver Eagle; John Mercanti.
On the reverse of the 2016 American Platinum Eagle Coin is the image of a large bald eagle at the center. It is flying away from the sun which is rising above a small hill in the background. Atop this scene is the marking “UNITED STATES OF AMERICA.” To the right are purity & weight markings which show “.9995 PLATINUM 1 OZ.” Inscribed onto the hill to the bottom of the coin is the legal tender value marking which shows “$100.”
2016 American Platinum Eagle Weights & Packaging
It is unclear which weights will be offered in 2016. In past years the weights have included 1/10 oz, 1/4 oz, 1/2 oz and 1 oz with face values of $10, $25, $50 and $100 respectively. In 2014, however, the mint only released the coins in 1 oz weights, and in 2015 the coins were not released at all. So far this year, the mint has made clear it will offer the Platinum Eagle in a 1 oz weight, though it is unclear if additional weights will be released. For the proof coins, it is likely that all weights will be made in 2016.
For the 2016 1 oz American Platinum Eagle, non-proof coins are manufactured at the U.S. Mint and shipped to dealers in mint-sealed tubes of 20 coins. Monster boxes are released for quantities of 100. That being the case, most dealers, including Golden Eagle Coins, offer their customers single quantities which ship in coin flips or individual capsules.