American Platinum Eagle
|Platinum Eagle (United States)|
|Years of minting:||1997–present|
|Common obverse (Proof)|
|Design:||Liberty looking to the future|
|Bullion reverse (Proof)|
|Design:||"To Promote General Welfare"|
|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, 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.
|1/10 troy oz coin|
|Weight:||0.1001 troy oz (3.112 g)|
|1/4 troy oz coin|
|Weight:||0.2501 troy oz (7.780 g)|
|1/2 troy oz coin|
|Weight:||0.5003 troy oz (15.560 g)|
|1 troy oz coin|
|Weight:||1.0005 troy oz (31.120 g)|
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.
Reverse of proof coins
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. 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.
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.
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.
|1997||Eagle soaring above America||Thomas D. Rogers|
|1998||Bald eagle flying over New England and rocky beach town with light house; full moon in sky||Thomas D. Rogers|
|1999||Bald eagle flying above Southeastern Wetlands and alligator crawling in a swamp||Al Maletsky|
|2000||Bald eagle flying above Midwestern field, barn and house||Al Maletsky|
|2001||Bald eagle flying above giant Saguaro cacti of the Southwest (specifically Arizona)||Thomas D. Rogers|
|2002||Swooping bald eagle and a lake bordered by snowcapped mountains and trees in the Northwestern US||Al Maletsky|
|2003||Bald eagle perched on a Rocky Mountain pine branch against a backdrop of the United States Flag||Al Maletsky|
|2004||Engraving inspired by the Daniel Chester French sculpture titled "America" outside the U.S. Customs House in New York City.||Donna Weaver|
|2005||American bald eagle perched on a heraldic shield with symbols representing America’s strength and beauty||Donna Weaver|
|2006||"Legislative Muse" flanked by two eagles perched on columns representing the bicameral legislature of the United States Congress||Designer: Joel Iskowitz Sculptor: Don Everhart|
|2007||American bald eagle representing the Executive Branch||Designer: Tom Cleveland Sculptor: Phebe Hemphill|
|2008||"Lady Justice" watched over by an American bald eagle representing the Judicial Branch||Designer: Joel Iskowitz sculptor: Charles Vickers|
|2009||"To Form a More Perfect Union," featuring four faces representing the diversity of the U.S.||Designer: Susan Gamble Sculptor: Phebe Hemphill|
|2010||Blindfolded "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|
|2011||To Insure Domestic Tranquility||Designer: Joel Iskowitz|
Engraver: Phebe Hemphill
|2012||To Provide for the Common Defence||Designer: Barbara Fox|
Engraver: Charles L. Vickers
|2013||To Promote General Welfare|
|2014||To Secure the Blessings of Liberty to Ourselves and our Posterity.|
|2015||Liberty Nurtures Freedom|
|Year||$10 – 1/10 oz.||$25 – 1/4 oz.||$50 – 1/2 oz.||$100 – 1 oz.|
|Year||$10 – 1/10 oz.||$25 – 1/4 oz.||$50 – 1/2 oz.||$100 – 1 oz.|
- American Gold Eagle
- American Silver Eagle
- Eagle (U.S. coin)
- Canadian Platinum Maple Leaf
- Platinum coin
- Platinum as an investment
- "Public Law 104-208, Title V (Page 110 STAT 3009-348, Sec. 524)". Wikisource. September 30, 1996. Retrieved November 29, 2016.
- 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.
- Schechter, Scott (April 9, 2018). "Revisiting platinum 'Vistas of Liberty': Platinum coins form five-year series". Coin World. Vol. 59 no. 3026. p. 32.
- "2006 American Platinum Eagle". Platinum Eagle Guide. Retrieved November 29, 2016.
- "American Eagle Coins". United States Mint. Retrieved November 29, 2016.
- "Platinum Eagle Mintages". Platinum Eagle Guide. Retrieved November 29, 2016.
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