US Mint Limits Platinum Proof American Eagle Mintage To 10,000 Coins

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Author	Replies: 7 / Views: 2,815
CCFPress Press Manager United States 1420 Posts	Posted 06/09/2017 09:48 am CoinWorld - Collectors will be able to begin placing orders at noon ET July 6 with the U.S. Mint for the Proof 2017-W American Eagle 1-ounce platinum $100 coin. The issue is limited to a maximum of 10,000 coins, with a one-coin-per-household ordering limit. The coin celebrates the 20th anniversary of the introduction of the platinum American Eagle series with the return of Thomas D. Rogers Sr.'s Soaring Eagle Above America design first introduced in 1997. Read the Entire Article Report this Post to the Staff

BigSilver Pillar of the Community United States 2843 Posts	Posted 06/09/2017 11:43 am So a "limit" of 10K, in 2015 when these were last made (correct me if I am wrong, but I dont see that these were made in 2016) they sold 3,886. True Platinum prices were slightly higher then than now, but hardly enough to justify. The mint has the "right" to make as many as they want, but making a limit that is very, very unlikely to be hit seems like trying to make something look rarer than it is. Report this Post to the Staff
Andrew99 CCF Advertiser United States 1533 Posts	Posted 06/09/2017 11:47 am For the Proof 2016-W American Eagle 1-ounce platinum coins, the Mint restricted the mintage to 10,000 coins, and the initial price was "$1,350 per coin, with a one-coin-per-household limit. Customers placed enough orders on the opening day of sales June 30, 2016, to exhaust the maximum mintage within 56 minutes of release. However, the U.S. Mint's Dec. 25, 2016, sales report, the last to report sales of the Proof 2016-W American Eagle platinum coin, recorded sales then at 9,151 coins. " Report this Post to the Staff
BigSilver Pillar of the Community United States 2843 Posts	Posted 06/09/2017 11:50 am Well then I stand corrected. I could not find the 2016 on the mint reports. Thanks Andrew99 Report this Post to the Staff
Andrew99 CCF Advertiser United States 1533 Posts	Posted 06/09/2017 1:01 pm I think they do a pretty good job of matching the mintage to actual demand. The one per household avoids dealers buying them up for the secondary market. Report this Post to the Staff
BigSilver Pillar of the Community United States 2843 Posts	Posted 06/09/2017 2:05 pm Quote: I think they do a pretty good job of matching the mintage to actual demand. Maybe, but not for the 225th anniversary gold medal. The approved mintage of 100K has so far sold 22,447. Report this Post to the Staff
scsaxe71 Valued Member United States 52 Posts	Posted 06/09/2017 4:39 pm So if the mint only sells a small portion of what they intend to mint, do they make the full run and hope the rest sell or do they mint just enough to meet demand? Report this Post to the Staff
BigSilver Pillar of the Community United States 2843 Posts	Posted 06/09/2017 5:56 pm I believe that the mint produces in increments. You will sometimes have an item on backorder, I understand that to mean that the initial run was depleted. Either way, extra product would be melted after the time to sell it is expired. Report this Post to the Staff
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