UNITED STATES BULLION COINS - PLATINUM (1997-DATE)
In 1997, the United States
began striking platinum coins to compete with other world bullion
coins. U.S. platinum
bullion coins are available in Uncirculated and Proof versions in four
denominations: $10, $25, $50, and $100. The true value of these coins is tied directly to
their intrinsic metal value, although in a few cases (where mintages are low)
collectors will pay a significant premium over the bullion value.
Generally, however, the bullion value of these coins far
outstrips their face value.
Proof coins may be ordered by the
general public directly from the Mint, either as single coins or as a
complete set of the four different denominations. Uncirculated coins are
distributed by selected representatives, who then make them available to
the secondary market based on the prevailing bullion value of platinum.
John M. Mercanti designed the obverse of the U.S.
platinum bullion coins using the head of the Statue of Liberty. In
keeping with the Mint's "American Eagles" theme, new reverses
are developed each year - always with an eagle incorporated into the
The metal content of each
denomination consists of 99.95% pure platinum.
appear on the reverse, but positions vary from year to year. U.S.
platinum bullion coins have been struck at the following mints:
Counterfeit examples of the 2002 1/10 ounce platinum coins began being
offered in 2003.
1/10 Ounce Platinum - $10
1/4 Ounce Platinum - $25
1/2 Ounce Platinum - $50
1 Ounce Platinum - $100
Four-denomination Platinum Proof Sets
"Counterfeit American Eagles available at eBay auction site" by
Paul Gilkes, COIN WORLD, December 29, 2003