US Mint 2009 Proof Platinum Eagle Coins Near Sell Out

2009 American Eagle Platinum Proof Coins launched on Thursday, Dec. 3. By Sunday, sales reached 7,207 of the maximum 8,000 allotted according to the latest US Mint report on current coin purchases. A sell out appears imminent, and is only a matter of time.

The price tag for the 99.95 percent pure, one ounce platinum eagle is currently set at $1,792.00, with an order limit in place of 5 per household. While the price may seem high for a modern collectible with a premium of some $350 over the current spot of platinum, it is a bargain when considering the 2008 issue price of $2,299.95.

Platinum Eagles have not been available from the US Mint all year and, and as it announced in October, no bullion versions will be struck until at least 2010.

Also, there are no uncirculated versions and no fractional one-half, one-quarter and one-tenth ounce sizes — these were discontinued when the Mint reshaped its numismatic product line in Nov. 2008.

These facts help explain the increased demand, and faster selling pace. The US Mint sold just 4,769 of the one ounce proof coins last year.

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