The United States Mint on Tuesday removed its newly discounted one-tenth ounce 2008 American Eagle Platinum Uncirculated Coin from its online store. Indicators suggest a potential price-driven sellout, with any remaining coins held for inclusion in the Mint’s four-coin platinum set, which includes the one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce sized coins.
The series of collector eagle platinum coins were returned at reduced prices only Friday after a long sales suspension — the coins were pulled in August due to volatile platinum prices.
Collectors who purchased the 1/10-ounce collector coin at the new price paid $134.95. That was less than what the Mint charged in 2007 and substantially lower than the Mint’s initial 2008 price tag of $259.95. Then again, platinum prices have also plunged recently. New York platinum closed on Tuesday at $898 per ounce, which is well off its $2,252 high set earlier this year.
Read article: Mint Stops Selling One-Tenth Ounce Eagle Platinum Coins – Coin News
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It is interesting that the 2008 1/10 ounce uncirculated coin is only available in the special mint set. Because of the low mintage of the 2006 issue I would expect this to be an instant rarity. With the total price of the 4 coin set of $2,219.95, that makes the 1/10 once coin cost $120.00. If you take the ask price on Ebay of $295.95 buy it now, and you subtract that price from the $2,219.95, you are buying 1.75 ounces of platinum for $1,924.00, which makes the price of the one ounce coin $1,099, the 1/2 ounce coin $550.00 and the 1/4 ounce coin $275.00. Not a bad bet when you consider the low mintages reported for the coins. On the down side, the mint has already struck the uncirculated coins and it is a safe bet that they will continue selling them until supplies run out. Without them telling us what the mintages are there is no way to guarantee that they won’t continue selling these for years until the supplies are depleted.