You are browsing the archive for Platinum Coins.

by admin

CCAC Will Meet to Discuss Designs for 2018, 2019, and 2020 Platinum Eagle Proof Coins

September 3, 2016 in Coins, Collecting, Commemorative, Design, Education, Events, History, News, Numismatica, Numismatics, Platinum, Platinum Coins, Proof Coins, US Mint, USA Coins

By: Dan Holmes News.CoinUpdate.com (Coin Update News)

16ej_aSMALL330

2016 American Eagle Platinum Proof Coin

The Citizens Coinage Advisory Committee (CCAC) has announced that it will hold a meeting at 10 a.m. ET on Friday, September 16. The agenda for the meeting states that the committee will consider design candidates for American Eagle platinum Proof coins to be released in 2018, 2019, and 2020. Platinum Proof Eagles issued during those years will carry designs representing the theme of “Life, Liberty, and the Pursuit of Happiness.”

The Committee will also elect jurors for the Mint’s ongoing Breast Cancer Awareness Commemorative Coin Design Competition, which will give a member… Full article at the source>

 

Source: News.CoinUpdate.com (Coin Update News)

Share Button

by admin

Over 17,000 2016 Platinum Eagle Bullion Coins Sold on First Day

July 26, 2016 in Blogs, Coins, Coins for sale, Collecting, Investing, New Releases, News, Numismatica, Numismatics, Offers, Opinion, Platinum, Platinum Coins, Precious Metals, Proof Coins, US Mint, USA Coins

By: Dan Holmes Mint News Blog (http://mintnewsblog.com)

92376_Obvboth

The U.S. Mint opened sales of 2016 American Eagle One-Ounce Platinum Proof Coins today, a release that was met with enthusiasm from the Mint’s authorized purchasers (AP’s). According to the most recent bullion sales numbers, the Mint sold 17,100 Platinum Eagles today, quite a large total when considered alongside the total mintages for one-ounce Platinum Eagles from other years.

At 17,100 pieces sold, the 2016 bullion APE’s now have the fifth-highest mintage ever for these issues, which were initially issued in 1997. The first three years these coins were available — 1997, 1998, and 1999 — the… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

Share Button

by admin

2015 American Eagle Platinum Proof Coin Sells Available Inventory in Minutes

December 4, 2015 in Bullion, Coins, Coins for sale, Collecting, Investing, New Releases, News, Numismatica, Numismatics, Platinum, Precious Metals, Proof Coins, US Mint, USA Coins

By: Dan Holmes News.CoinUpdate.com (Coin Update News)

pm8_dSMALL

Last week, the Mint made a surprise announcement the day before Thanksgiving: the 2015 American Eagle One Ounce Platinum Proof Coin would be released days later, despite the Mint’s reported problems procuring the platinum planchets necessary to move forward with the issue. In part because of this planchet shortage, the coin was given the low mintage limit of 4,000 pieces; when it was released today at noon, it wasn’t long before collectors exhausted the available inventory.

The 2015 Platinum Proof Coin went into “Currently Unavailable” status on the Mint’s Web site less than 10 minutes after it… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

Share Button

by admin

U.S. Mint Platinum Coins Bypassed in Rush for Gold

August 22, 2014 in Coins, Collecting, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, US Mint, USA Coins

By Debarati Roy.  Aug 21, 2014 (http://www.bloomberg.com/)

Five months after the U.S. Mint began producing coins made with platinum, sales have all but collapsed as investors continue to favor gold and silver.

“It’s not considered a currency,” said Jason Carstensen, a medical-sales representative in Ventura, California, who spends about $2,000 a month on coins. Gold and silver have value as hedges against a devaluation of the dollar, while platinum is viewed as an industrial commodity, he said.

Full article at the source>

Share Button

by admin

Before Cashing Out My Coins

January 12, 2013 in Coins, Gold, Gold Coins, Platinum Coins, Politics, Precious Metals, Proof Coins, Silver, Silver Coins, USA Coins

by Tom Maguire on January 11, 2013 (http://justoneminute.typepad.com)

Matt Yglesias is a one-man wrecking crew in an epic battle against reality. His launch point was the Trillion Dollar coin concept, and he delivers not one but twomissiles of misinformation today.

His first launch:

The Platinum Coin Was Intended To Generate Seigniorage

No, not really at all. What is “seigniorage”? It is the added value that attaches to a bit of metal (or paper) when the government deems it to be legal tender. For example, a few cents worth of copper and bronze are stamped and boom – we have a quarter worth $0.25.

But platinum is part of the US bullion coin program, along with silver, gold and palladium. Using gold as an example, the Mint takes an ounce of gold worth maybe $1,600, stamps it with a face amount of $50 and boom – sells it for $50, thereby losing $1,550. NO!

They sell it for $1,600 plus a mark-up for production, marketing and administration. But that magic stamp of $50 isn’t why they can sell the coin for more than $1,600 – it’s the gold!

With the bullion coin program the Mint makes money by banging out their precious metal coins more cheaply than the Canadians can deliver their Maple Leafs, the Australians their Koalas, the Chinese their Pandas, and so on. How does General Motors make money? Seigniorage or great products? Yeah, this is America!

Full Article>

Share Button

by admin

Platinum Coins: A Trillion Dollar Blunder

January 11, 2013 in Coins, Money, Platinum Coins, USA Coins

January 10th, 2013 ,Jared Cummans (http://etfdailynews.com)

After the U.S. narrowly avoided the fiscal cliff as 2013 began, many had hoped that the debt ceiling issues would be resolved. But as of the open of 2013, the country stares at a debt pile of more than $16.4 trillion–higher than total GDP. This has led to all sorts of unconventional theories and schemes for getting ourselves out of debt, one of which involves the minting of one or several trillion dollar coins made of platinum.

The Trillion Dollar Coin

There have been some far-fetched ideas for solving debt issues in the past, but this one certainly takes a stab at the top spot. Here’s how it would work. Normally, there are limits set on how much paper money the United States can circulate, as well as rules that regulate gold, silver and copper. But, there is a grey area when it comes to platinum coins, as they are often used for commemorative mintings. For a more in-depth explanation of the laws and codes that go behind this, Wealth Wire has a great piece on the subject.

Full Article>

Share Button
Translate »