We are very pleased to offer 2017 U.S. 1-ounce Platinum Eagles in Brilliant Uncirculated condition. This eagerly-awaited issue is now shipping. Quantities will be very limited and likely to sell out quickly, so order yours today!
The U.S. Mint debuted 1-oz Platinum Eagles in 1997, making this year the 20th anniversary of the series. During the first few years, mintage totals were relatively large, as you can see in the mintage chart below. But since 2000, mintages have been remarkably low, ranging from 4,700 to 20,800 per year. And in six of the past eight years, no Platinum Eagles were made at all!
This year’s mintage total is projected to be 20,000 to 30,000 pieces. Because of this low mintage, premiums can rise substantially in the secondary market as time passes. The potential for a strong collector premium is high with these coins.
Platinum at a discount
Platinum is trading at about a $250 per-ounce discount to gold today, which is a major anomaly. Since 1980, it has usually traded at a $200 to $500 premium to gold, or higher. Why? Because platinum is naturally about 15 times scarcer than gold and carries far greater industrial demand. Along with palladium, its sister metal, platinum is widely used in automotive catalytic converters, especially diesel engines, to control air pollution.
As you can see in the platinum-to-gold ratio chart above, gold has periodically been stronger than platinum since the global financial crisis in 2008, largely because of its status as currency of last resort. More heavily tied to industry, platinum has been pressured by persistent weakness in the world economy, especially in Europe and China, where diesel engines are more popular.
Today both gold and platinum are undervalued, but platinum more so. Yet its fundamentals are very strong. The World Platinum Investment Council reports platinum has been in a modest supply deficit for the last five years. With annual demand exceeding mine production and recycling supplies, this deficit is projected to continue for the next several years.
We do not expect the current platinum-to-gold discount to continue. The ongoing supply deficit is likely to reach a tipping point, and renewed demand in Asia and Europe can trigger much higher prices. Global demand for autos is expected to reach a record in 2017, which will also be bullish for platinum. As these fundamentals take hold, platinum should regain its traditional premium over gold.
2017 Platinum Eagles are a bargain, and they offer precisely the kind of "double play" leverage we look for in our recommendations. They'll gain with a rebound in platinum, plus they have the potential for additional collector premiums because of low mintages. They receive our highest recommendation! Get 'em while you can!
Issued by the U.S. Mint as legal tender, 1-oz American Platinum Eagle have the highest face value ($100) of any U.S. coin ever minted. A truly beautiful design, the obverse features the “Portrait of Liberty” by John Mercanti. The reverse shows the majestic “Soaring Bald Eagle” by Thomas D. Rogers, Sr. They are the only platinum bullion coins backed by the U.S. government for weight and metal content.
U.S. Platinum Eagles are eligible for IRAs.
Benefits of American Platinum Eagles
Highest quality platinum — Each one-ounce Platinum American Eagle is minted in 99.95% fine platinum and weighs 1.0005 troy ounces.
Content guaranteed — American Eagles are the only bullion platinum coins guaranteed as to weight and platinum content by the U.S. government. Each coin is stamped with its platinum content.
Official legal tender — Platinum Eagles are the only genuine legal tender platinum coins issued by the United States Mint. The one-ounce Eagle has the highest face value ($100) of any U.S. coin ever minted.
Private and non-reportable — American Platinum Eagles are non-reportable the IRS by brokers. They offer complete financial privacy and the security.
Eligible for Individual Retirement Accounts – Unlike other platinum bullion coins, American Eagles are eligible to fund IRAs.
Instantly liquid — American Platinum Eagle coins are saleable at market value anywhere and anytime.
Easy to store and transport — Platinum bullion coins are compact, convenient, and easy to store or transport. We pack them securely in 3-inch tall break-proof plastic tubes, perfect for home safes and bank safety deposit boxes.
Better than bars and ingots — We recommend platinum bullion coins like American Eagles over bars and ingots because they’re far easier to sell, store, and transport, and do not incur the additional costs of assaying.