First Amendment to the United States Constitution 2025 Platinum Proof Coin
HalfDime
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First Amendment to the United States Constitution 2025 Platinum Proof Coin
On Feb. 20th the next proof platinum coin will be released, so I was interested to see how past proof platinum coins behaved throughout the years. This coin was first introduced way back in 1997, so this will be the 29th coin in the one ounce proof series to be released. Since the price of platinum today is just about $1000 an ounce, that means an entire set would be worth about 29k in melt value (which is a substantial amount for any investment).
Sales of the coins have generally declined from the start, with a short-term bottom in 2008, followed by higher sales until 2014 and 2015, which created the all-time low in sales. These are the actual numbers, with coins having asterisks still selling on the mint website.
1997 20,851
1998 14,912
1999 12,363
2000 12,453
2001 8,969
2002 9,834
2003 8,246
2004 6,007
2005 6,602
2006 9,152
2007 8,363
2008 4,769
2009 7,945
2010 9,871
2011 14,790
2012 9,081
2013 5,763
2014 4,596
2015 3,886
2016 9,151
2017 8,890
2018 16,222 *
2019 11,263
2020 9,835
2021 9,884
2022 9,941
2023 8,494 *
2024 5,106 *
Way back in 2008, it was assumed that the various platinum eagles released that year would remain as all-time low kings due to the multitude of factors that led to low sales. However, as we see from the numbers, that assumption turned out to be wrong. It is interesting that at the end of 2015, the price of platinum hit a new low of only $885 an ounce (from a high of about $2000 an ounce), which must have exhausted all collectors who had purchased at much higher prices in earlier years at us mint premiums, and thus lead to the lowest sales for the series so far (an analogy might be that people who had played in the series up to 2015 had their fingers burned by crashing prices).
One other thing that might be a factor is the coins are platinum and not gold. If these had been struck in gold I think the market would probably view them quite differently than they do now. Obviously the price of gold is hitting near record highs, while platinum is not even close to the price of gold for a troy ounce, being 1/3 its value per ounce (platinum is more of an industrial metal and has less interest as an investment metal).
While these coins are beautiful with changing reverses, an investment of the series is a tall order to take, and gets harder with each passing year. I notice the 2025 one ounce proof coin has a mintage limit of 9,000. This is quite large relative to the 2024 sales only being at 5,106 coins so far. The 2024 sales cannot be avoided as possibly showing the true collector base as it exists today, which is roughly only 5,000 at this point in time. So that means only the 2008, 2014, and 2015 coins fall under that number, and would be worthy of buying. Should the mint decide to start striking these in lower numbers, those future coins could be added to those three as only having investment potential as keys to this proof one ounce series. However it is important to point out that it seems all the proof platinum eagles do sell for premiums over spot value at this stage in their life.
Comments
One thing to note is that the 2015 mintage was not a result of exhausted collectors but a supply issue. The US Mint set the mintage at 4,000 and the coins sold out within minutes. One could argue that if they were minted to demand, we would not see significantly more sales. However, it still seems like the demand was there for more than the limit.
https://www.coinworld.com/news/us-coins/2015-w-american-eagle-coin-in-proof-is-proving-popular-market-analysis.html
I'm saving my money for the 2nd amendment platinum coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Excellent analysis, HalfDime! And very nostalgic. I still have a few of those.
I like the series, but I typically like my platinum at spot. Very thin market, so no reason to reach out too far.
And this is a photo example of the last piece of platinum I purchased:
Just to be clear to all folks and @NJCoin - the 9000 limit does not mean they will produce 9000. I think I might actually get one this year, they look nice. But $1545 is a pretty high premium.
http://ProofCollection.Net
No need to explain it to me. Saying you'll make up to 9K of something, and then not doing so because you can't sell that many, is very different from saying you'll make up to 17.5K, and then stopping at 10K just because.
And therein lies your problem. The limit has nothing to do with sales and everything to do with the caprice of the mint leadership.
http://ProofCollection.Net
That South Afrikaan doge coin guy will probably look at closing down the mint soon anyways. RGDS!
Let us hope that the coin is not cancelled at the last minute because certain people do not like the "Free Speech" part of the First Amendment.
Yup! I learned that the hard way, since it never happened before. I won't ever make the mistake of relying on anything they say, since they not only did it, but they never adequately explained it.
No interest here in collecting up every one ounce issue.
I liked 2015 reverse so that's what I have, my one & done collection:
I like this 2025 design BUT wouldn't there have been a way to lose all that legend wording.
Well, just Love coins, period.
Why does the design not say "1st Amendment?"
They are currently out of power.
Lol. Not
Well, just Love coins, period.
Here are the designs for the next three years. It represents a feather in 2026 turning into a young tree in 2027, and then an older tree in 2028. This is after the 2025 coin was also a tree.
These sunshine and tree hugger coins can be yours for a 50% premium. I will be surprised if they even sell 5,000.
Edited to add:
The 2023 and 2024 coins are still available on the Mint website for $1,545. Both with mintage/product limits of 12,000. There have been 8,494, and 5,106 sold so far.
The 2018 is also still available.
My US Mint Commemorative Medal Set
The premium on these, like all mint precious metal products (and the Canadians are the same way) are just too much to have any interest in.
I'm not sure why that carries much weight. I did a scan of ebay and while these don't sell often or much, they seem to re-sell at or close to this premium (if not more), not near melt. If you're "stacking" platinum these are definitely not the way to go, but if you want to at least get your money back that doesn't seem to be a problem. Now of course a dealer might offer melt or less than melt, but that's why you sell on ebay.
http://ProofCollection.Net
I haven't paid much attention to the recent platinum proof coins because I've found the designs to be uninspiring. Lots of bush branches and awkward scenes. However, I like the full tree of this year's design and it will go with my 2023 American Liberty coin. It's also a bonus that it's less than half the price of a gold proof coin.
I remember when prices were the opposite and gold was the cheaper option over platinum.
Actually, since the mint stopped the unc pt eagles in 2024, proof versions can be bought cheaper than ms coins from certain dealers. Maybe these are the better way to go?
Got mine ordered.
http://ProofCollection.Net
I'm waiting for the 10th
Assuming they started with 9000, looks like they sold just under 4000 so far.
You can check the inventory of any mint item with this URL, just replace the item number at the end and search for "ats"
https://www.usmint.gov/on/demandware.store/Sites-USM-Site/default/Product-Variation?pid=25EJ
http://ProofCollection.Net
No plans for a 2nd Amendment coin? Time for a new committee.
No doubt it would sell out at a mintage of 9,000. If it was on POTUS’ radar much more would likely be made.
Can't have the first Amendment without the 2nd. 4884 left in stock.
http://ProofCollection.Net
Good question. Perhaps.... that would imply the next one should be the 2nd Amendment. And perhaps 'they' would rather not touch that one for various reasons.
Sales are pretty good I would say. 3919 left.
Platinum headed to $1600+ this year.
Looks like they have 4176 2024's left although the probably made 3000 more. The 2025 looks like it could sell out.
3 2018's left. Last chance on those.
1347 2023's.
http://ProofCollection.Net
You are assuming that they produced all 9,000 coins. Do not make that assumption.
3,919 left in stock. You dont know what they produced.
This has occurred time and time again. Flowing hair Gold and Silver for recent examples.
Yeah, that's what I said, 3919 left. No assumptions here other than that the website is accurate in the available to sell number.
http://ProofCollection.Net
The mint has posted old sales numbers for the past two weeks, so no updates until they fix reporting.
You lost me there.
When I click that link, all I see is a big bunch of gobbledygook all over the place.
Did you miss the part where I said to search for "ats"? Make sure to use the quotation marks.
http://ProofCollection.Net
I replaced the item number(25Ej) at the end of your url, replaced it with "ats", hit enter, and got an error page.
Totally lost. I feel stupid, but thanks for trying to help me.
.
Sorry dude...
Can someone give me a step by step instruction?
1)....Go to...
2)....Do this...
3)....Enter that...
Etc....
Sorry I wasn't clear.
1. Go to https://www.usmint.gov/on/demandware.store/Sites-USM-Site/default/Product-Variation?pid=25EJ
2. Search for "ats" (including the quotation marks).
http://ProofCollection.Net
Thanks got it!, much appreciated @ProofCollection
Got mine today. Pretty sure it's PR70DCAM. Looks great in hand, I really like the relief on the tree. As usual, the capsule is a bit linty. 3780 left.
http://ProofCollection.Net
Strike thru’s on the “T” in the, and the second “E” in endures?
The tree sure is nicely executed.
Looks more like lint on the capsule.
Throw a coin enough times, and suppose one day it lands on its edge.
Beautiful. I just ordered mine after consideration.
Nice looking coin, as are many of the platinum proofs.
I’ll bet each one contains part of someone’s stolen catalytic converter
They stole mine on a Honda Accord with 342,000 miles on it…so they wasted their time risking getting caught stealing it. From what I understand at that mileage the platinum is long since gone….
I received my coin, and it's indeed very nice. However, I can't tell if marks inside are on the coin itself or if its lint lying inside the capsule. Whatever it is it's definitely on the surface of the coin but I just don't have the ability to see it without opening the capsule which I don't want to do. I don't mind a little lint, but I would mind a mark on the coin and would send it in for an exchange. I guess I'll have no choice but to open the capsule--which may introduce more lint and dust of course.
The mark in particular that I'm referring to is the the left of .9999. I'm sorry for the bad picture, it's the best I know how to get with my phone.
Mine came back PR69DCAM. It's available for sale in BST forum at mint issue price.
2917 left in mint inventory.
http://ProofCollection.Net
Yes, it looks like they struck 6500 coins in total.