Inaugural sales are in for the recently issued 2012-W American Platinum Eagle Proof Coin. In other coin collecting news, the U.S. Mint this week stopped selling last year’s 2011-W American Platinum Eagle Proof Coin.
Debut sales for the proof 2012 American Platinum Eagle were somewhat weak. Between its release on Thursday and through to much of Monday, coin collectors ordered 2,461. In contrasting starting proof coin sales:
- 2011 American Platinum Eagles opened at 6,786;
- 2010 American Platinum Eagles debuted at 8,268; and
- 2009 American Platinum Eagles opened at 7,207
Debuting sales for this year’s proof coin were probably hurt to some extent by recently falling platinum prices. While all other precious metals advanced last week, platinum was by itself in stepping back 1% in New York. Most collectors assume they can buy the coin at their leisure, with a quick sell out unlikely. And since the Eagle’s price can be adjusted weekly based on the market price of platinum, some prospective buyers may be in a holding pattern in hopes of getting one that is priced cheaper.
2011 American Platinum Eagle Sells Out
This year’s proof coin has a maximum mintage of 15,000, which is the same amount as last year’s proof coin. And on that topic, the U.S. Mint today placed the 2011 American Platinum Eagle Proof Coin within the "No Longer Available" section of its website. Beside the proof coin and on its product page are red-bold words reading, "sold out."
Given the Eagle’s latest sales of 14,836 as of Monday, it would appear a true sell out occurred instead of the U.S. Mint simply pulling it from availability due to its length of time on sale.