American Platinum Eagle

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Platinum Eagle (United States)
Edge:Reeded
Composition:99.95% Pt
Years of minting:1997–present
Common obverse (Proof)
Common Obverse
Design:Liberty looking to the future
Designer:John Mercanti
Design date:1997
Bullion reverse (Proof)
2013 Reverse
Design:"To Promote General Welfare"
Designer:Joel Iskowitz
Sculptor:Charles Vickers
Design date:2013
1998 Tenth Ounce American Platinum Eagle.jpg
American Platinum Eagle bullion Uncirculated Strike 1/10 ounce.

The American Platinum Eagle is the official platinum bullion coin of the United States. In 1995, Director of the United States Mint Philip N. Diehl, American Numismatic Association President David L. Ganz, and Platinum Guild International Executive Director Jacques Luben began the legislative process of creating the Platinum Eagle. After over two years of work, the coins were first released by the United States Mint in 1997. It is offered in 1/10, 1/4, 1/2, and 1 troy oz varieties and consists of .9995 fine platinum. The American Platinum Eagle is authorized by the United States Congress,[1] and is backed by the United States Mint for weight and content.

Proof versions of the coins are made for coin collectors. The proof American Platinum Eagles are unique in the fact that they are the only U.S. bullion coins that have a yearly alternating design on the reverse. Uncirculated versions (with the same reverse every year) have been minted from 1997 through late 2008, in 2014 and in 2016.

Because it may be considered commodity platinum rather than a rare coin, the American Platinum Eagle may be placed in an Individual Retirement Account in the United States. Collectibles such as rare coins and dolls are forbidden from being held in such an account. Thus, the United States Securities and Exchange Commission believes that the Platinum Eagle will not appreciate beyond its metal value.

Specifications[edit]

1/10 troy oz coin
Diameter:16.5 mm
Thickness:0.95 mm
Weight:0.1001 troy oz (3.112 g)
Face value:$10
1/4 troy oz coin
Diameter:22.0 mm
Thickness:1.32 mm
Weight:0.2501 troy oz (7.780 g)
Face value:$25
1/2 troy oz coin
Diameter:27.0 mm
Thickness:1.75 mm
Weight:0.5003 troy oz (15.560 g)
Face value:$50
1 troy oz coin
Diameter:32.7 mm
Thickness:2.39 mm
Weight:1.0005 troy oz (31.120 g)
Face value:$100

Note: The 1/10, 1/4, and 1/2 troy oz coins are identical in design to the 1 troy oz coin except for the markings on the reverse side that indicate the weight and face value of the coin (for example, .9995 PLATINUM 1 OZ.). As is often the case with bullion coins, the face values of these coins ($10, $25, $50, and $100) are their legal values reflecting their issue and monetized value as coins. They are legal tender for all debts public and private at their face values. These face values do not reflect their intrinsic value which is much greater.

The U.S. Government, however, has taken the position that paying debts with such coins at their face value, where the face value is lower than its intrinsic value, will implicate money laundering and tax evasion statutes.[2]

Reverse of proof coins[edit]

From 1998 to 2002, proof versions of the American Platinum Eagle carried a different reverse design under a program entitled "Vistas of Liberty". Each year a bald eagle was depicted in a different landscape of the United States, in a different region of the country.[3] From 2006 to 2008, a three-year series of designs known as "The Foundations of Democracy" was issued to represent the three branches of government.[4]

In 2009, the United States Mint introduced a new six-year platinum coin program. This new series explores the core concepts of American democracy by highlighting the Preamble to the United States Constitution. The themes for the reverse designs for this program are inspired by narratives prepared by the Chief Justice of the United States, John Roberts, at the request of the United States Mint.[5]

All denominations of the proof American Platinum Eagles carry the yearly design. These coins are the only U.S. bullion coins that change reverse designs every year.

YearDesignDescriptionEngraver
1997Click to enlarge imageEagle soaring above AmericaThomas D. Rogers[3]
1998Click to enlarge imageBald eagle flying over New England and rocky beach town with light house; full moon in skyThomas D. Rogers[3]
1999Click to enlarge imageBald eagle flying above Southeastern Wetlands and alligator crawling in a swampAl Maletsky[3]
2000Click to enlarge imageBald eagle flying above Midwestern field, barn and houseAl Maletsky[3]
2001Click to enlarge imageBald eagle flying above giant Saguaro cacti of the Southwest (specifically Arizona)Thomas D. Rogers[3]
2002Click to enlarge imageSwooping bald eagle and a lake bordered by snowcapped mountains and trees in the Northwestern USAl Maletsky[3]
2003Click to enlarge imageBald eagle perched on a Rocky Mountain pine branch against a backdrop of the United States FlagAl Maletsky
2004Click to enlarge imageEngraving inspired by the Daniel Chester French sculpture titled "America" outside the U.S. Customs House in New York City.Donna Weaver
2005Click to enlarge imageAmerican bald eagle perched on a heraldic shield with symbols representing America’s strength and beautyDonna Weaver
2006Click to enlarge image"Legislative Muse" flanked by two eagles perched on columns representing the bicameral legislature of the United States CongressDesigner: Joel Iskowitz Sculptor: Don Everhart
2007Click to enlarge imageAmerican bald eagle representing the Executive BranchDesigner: Tom Cleveland Sculptor: Phebe Hemphill
2008Click to enlarge image"Lady Justice" watched over by an American bald eagle representing the Judicial BranchDesigner: Joel Iskowitz sculptor: Charles Vickers
2009Click to enlarge image"To Form a More Perfect Union," featuring four faces representing the diversity of the U.S.Designer: Susan Gamble Sculptor: Phebe Hemphill
2010Click to enlarge imageBlindfolded "Lady Justice" holding scales in one hand and a laurel branch in the other. The image is representative of the theme "To Establish Justice"Phebe Hemphill
2011Click to enlarge imageTo Insure Domestic TranquilityDesigner: Joel Iskowitz
Engraver: Phebe Hemphill
2012Click to enlarge imageTo Provide for the Common DefenceDesigner: Barbara Fox
Engraver: Charles L. Vickers
2013Click to enlarge imageTo Promote General Welfare
2014Click to enlarge imageTo Secure the Blessings of Liberty to Ourselves and our Posterity.
2015Click to enlarge imageLiberty Nurtures Freedom

Mintage figures[edit]

Non-Proof Coins[6]
Year$10 – 1/10 oz.$25 – 1/4 oz.$50 – 1/2 oz.$100 – 1 oz.
199770,25027,10020,50056,000
199839,52538,88732,419133,002
199955,95539,73432,30956,707
200034,02720,05418,89210,003
200152,01721,81512,81514,070
200223,00527,40524,00511,502
200322,00725,20717,4098,007
200415,01018,01013,2367,009
200514,01312,0139,0136,310
200611,00112,0019,6026,000
200713,0038,4027,0017,202
200817,00022,80014,00021,800
201400016,900
Proof Coins[6]
Year$10 – 1/10 oz.$25 – 1/4 oz.$50 – 1/2 oz.$100 – 1 oz.
199736,99318,62815,43120,851
199819,84714,87313,83614,912
199919,13313,50711,10312,363
200015,65111,99511,04912,453
200112,1748,8478,2548,969
200212,3659,2828,7729,834
20039,5347,0447,1318,246
20047,1615,1935,0636,007
20058,1046,5925,9426,602
200610,2057,8137,6499,152
20078,1766,01725,5198,363
20085,1384,1534,0204,769
20090007,945
20100009,871
201100014,790
20120009,081
20130005,763

See also[edit]

References[edit]

  1. ^ "Public Law 104-208, Title V (Page 110 STAT 3009-348, Sec. 524)". Wikisource. September 30, 1996. Retrieved November 29, 2016. 
  2. ^ Hornberger, Jacob G. (December 9, 2013). "The U.S. vs. Robert Kahre: A Horrible Miscarriage of Justice". The Future of Freedom Foundation. Retrieved November 29, 2016. 
  3. ^ a b c d e f g Schechter, Scott (April 9, 2018). "Revisiting platinum 'Vistas of Liberty': Platinum coins form five-year series". Coin World. Vol. 59 no. 3026. p. 32. 
  4. ^ "2006 American Platinum Eagle". Platinum Eagle Guide. Retrieved November 29, 2016. 
  5. ^ "American Eagle Coins". United States Mint. Retrieved November 29, 2016. 
  6. ^ a b "Platinum Eagle Mintages". Platinum Eagle Guide. Retrieved November 29, 2016. 

External links[edit]