Numismatic News-Fluctuations In Ae Mintages

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Author	Replies: 4 / Views: 1,182
SFDukie Pillar of the Community United States 980 Posts	Posted 03/07/2006 3:34 pm Fluctuation in American Eagle mintages noted By Peter Lindblad As was reported in the March 7 issue of Numismatic News, mintages for the platinum series American Eagle proof coins hit rock bottom in 2005. Sales were sporadic even in the best of months, and evidently, the U.S. Mint couldn't justify minting a whole bunch of them if it thought nobody was going to buy them - the law of supply and demand in action, folks. In light of the situation, I thought it might be a good idea to share the highs and lows of the series' mintages over the years. Platinum is the new kid on the block, relatively speaking. The program started in 1997. Gold and silver programs were initiated 11 years earlier. In 2005, the one-ounce platinum coin dropped from 7,009 in 2004 to 6,310, a series low. It had company. The half-ounce platinum went from 13,236 to 9,013, the quarter-ounce plummeted from 18,010 to 12,013, and the tenth-ounce fell to 14,013 from 15,010. That's a far cry from the late 1990s, when the platinum program began... full story: http://www.numismaticnews.net/Defau...1502Articles Report this Post to the Staff

OldDan Pillar of the Community United States 1203 Posts	Posted 03/07/2006 7:04 pm Was there any speculation as to why this was happening? Guess it could be because of advertising and promotion. I personally haven't seen much of either for this particular metal. What is your guess? Report this Post to the Staff
Mike Rest in Peace United States 2884 Posts	Posted 03/07/2006 7:24 pm Looks some some real scarcities being created![:0] Might be time to look at a Platinum purchase. Mike Report this Post to the Staff
SFDukie Pillar of the Community United States 980 Posts	Posted 03/07/2006 8:26 pm OD, My guesses are that many more of the Pt eagles were sold in the late 90s both because the series was new, and perhaps more importantly, Pt was only about $350 an ounce compared with over $1000 today. Was the Pt eagle heavily advertised when it was introduced? Don Report this Post to the Staff
demonboy279 Valued Member United States 346 Posts	Posted 03/08/2006 01:01 am It seems like these pieces will be worth a lot more than the rest. But it also appears like they might stop producing them. thats in my opinion tho and they might not but if they are cutting them that much they might just keep cutting untill there are no more. Report this Post to the Staff
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