2015-W American Platinum Eagle Should be a Winner
coin is the first in a two-year series on the theme of “Liberty Nurtures
Freedom” and will come in a special custom-designed presentation case that can
be used to display this coin and the 2016 issue.
will have a household limit of one and a mintage limit of 4,000 coins, which is
lower than the final sales level of any previous coin in the series. Until now the lowest was the 2014 coin at
4,596. That coin was listed as
backordered for months until it was finally marked as sold out.
coin features a modern interpretation of the Statue of Liberty looking to the
future next to an American eagle that has landed on the earth.
due to the current shortage of planchets for platinum coins, the Mint also
announced that it will not be issuing any platinum bullion coins for 2015 and
that it hopes to resume production of those coins next year at its West Point
facility as the planchets become available.
have been waiting for this news for months, and this is sure to be a welcome
development for many of them.
It is true
as some numismatists point out that platinum as a metal is not nearly as
popular as gold and silver are, and that there are not as many people who
collect platinum coins.
But the fact
is that previous coins in the proof series have been strong performers due to
their low mintages and patriotic designs that feature a new reverse on each
coin. And try finding past issues, and
you will see how difficult most are to locate.
platinum spot prices are at a level most precious metal experts believe is a
bargain at about $850. Since platinum is
substantially rare than gold and is used in industrial applications, any time
it is several hundred dollars below gold, it is considered to be a bargain.
But the spot
price is essentially meaningless because prices for physical platinum,
especially American Platinum Eagle 1-ounce $100 bullion coins, have been running
several hundred dollars above spot prices.
complain that at $1,250 the price of the 2015 platinum coin is $400 over spot,
but a more meaningful comparison is with the bullion coins, which are selling
at the same price as the proof coins will be sold at. For example, APMEX is currently asking $1245
by check and $1295 by credit card for the 2014 bullion issue.
I expect a
quick pace of sale for the 2015 proof coin and would not be surprised if it
sells out within a week.