Kitco: "Twenty-one-year high for sales of platinum eagle coins"
Goldbully
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Twenty-one-year high for sales of platinum eagle coins
Kitco News Wednesday May 06, 2020
(Kitco News) - The last time the U.S. Mint sold this many platinum coins, President Bill Clinton was being tried by the U.S. Senate and Spongebob SquarePants was premiering on Nickelodeon.
As of last month, the U.S. Mint said sales of the 1 oz platinum Eagle in 2020 reached 56,500 oz.
The sales are only eclipsed by 1999 sales, which totaled 56,707 oz over the same four-month period, running from January to the end of April.
(Kitco News) - The last time the U.S. Mint sold this many platinum coins, President Bill Clinton was being tried by the U.S. Senate and Spongebob SquarePants was premiering on Nickelodeon.
As of last month, the U.S. Mint said sales of the 1 oz platinum Eagle in 2020 reached 56,500 oz.
The sales are only eclipsed by 1999 sales, which totaled 56,707 oz over the same four-month period, running from January to the end of April.
The all-time record occurred in 1998, with 133,002 oz sold over the same time period.
Launched in 1997, the Mint claims that American Eagles are the U.S.'s only official platinum bullion coins.
The platinum bullion coins have 99.95% purity and are guaranteed by the U.S. government.
"The U.S. Mint issues 1 oz American Eagle platinum bullion coins in response to ongoing investor demand. This year's mintage, however, has been extended due to exceptional demand from investors seeking to own physical platinum in the wake of the COVID-19 pandemic," said the Mint in a news release.
The Mint said a variety of factors determine price, such as prevailing spot price, distribution and marketing costs and investor demand.
"The soaring demand for precious metal coins in March and April this year, together with constrained distribution, has lifted this premium to four times its typical level for gold and platinum, and nearly three times for silver."
https://www.kitco.com/news/2020-05-06/Twenty-one-year-high-for-sales-of-platinum-eagle-coins.html
Comments
Twenty-year run for collectability of platinum eagle coins comes to an end....
Why do you say that?
maybe it's a illogical, backwards attempt at humor.
Mala-Fala, so much for the 2020 key dates
The whole worlds off its rocker, buy Gold™.
Interesting !!!
pump and dump ! yaaaaaaa I'm good on platinum hard pass
I will stick with gold and silver....More gold than silver too....though at current premiums, I am a watcher
Do not want to mess up my investment in the yellow metal by adding high price pieces. Cheers, RickO
Should a brought moe when it was cheaper. Oh well
2015-W is the key low mintage issue. Some of the earlier dates in higher grade Mint State are also keys, and expensive as well.
I knew it would happen.
Should a brought moe when it was cheaper. Oh well
Spot @ $772 IS cheap.
I knew it would happen.
Yeah, yeah. Bronco. I know. Platinum sux.
Still and all: the Plat proofs have the best designs on U.S. coins since the golden age of Gaudens.
Here's a warning parable for coin collectors...