American Eagle Platinum Coins

American Eagle Platinum Coins

Last Updated on May 18, 2024 by Ben American Eagle Platinum Coin is a bullion coin that was introduced in 1997 and has become one of the most popular American Eagle Collectible Coins on the market. American Eagles are often purchased as an investment, but they can also be collected for their intrinsic value and beauty. The obverse features Lady Liberty, with the reverse featuring an American bald eagle holding a shield and olive branch in its claws.

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Development, Introduction, and History

American Eagle coins are a type of precious metal that the United States Congress has allowed. They are made from three different types of precious metals: gold, silver, and platinum.

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The Gold and Silver American Eagle coins were made in 1985. They were sold in 1986. But the Platinum Eagle coin was not made until 1997.

In 1995, Philip Diehl (U.S. Mint Director), David Ganz (American Numismatic Association President), and Jacques Luben (Platinum Guild International Executive Director) started to fight to establish Platinum Eagle as an alternative to the hugely successful American Eagle coin series. After two years of campaigning, the production of the Platinum Eagle was authorized by Congress.

The American Eagle coins may be purchased in a ‘proof’ version, which is specially minted for collector value. These coins are more polished than bullion to upgrade the visual appeal and have the same size, quality, shape, and appearance as their counterparts.

American Platinum Eagle Physical Characteristics

Coin Design

The “obverse,” or front side for both bullion and proof versions of the American Platinum Eagle coins, has a picture of Liberty looking to the future. This is an image designed by John Mercanti. Wrapped around this scene are words that read LIBERTY above IN GOD WE TRUST on top, followed by YEAR OF MINTAGE below.

The reverse side of the bullion Platinum Eagles features an eagle soaring away from a rising sun, at the bottom words like “The UNITED STATES OF AMERICA,” the weight denomination (e.g., 1 oz.), .9995 PLATINUM. Thomas D. Rogers engraved the picture.

The rear or reverse side, for proof Platinum Eagles, design changes yearly. The bald eagle is the national animal of America, and until 2002 it had a prominent place on each coin. Since then, there have been different symbols that represent American democracy featured on coins as well.


You can use four weights to purchase American Eagle Platinum coins, ranging from 1/10 troy oz. to 1 troy oz. All coins are guaranteed to be .9995 fine platinum, and it can be put in an IRA investment account.

The coin is made of 99.95% platinum and has a diameter of 1.287 inches (32.70 mm). It weighs one troy ounce (31.120 g) and has a reeded edge.

There are different sizes of Platinum Eagle coins. One troy oz is the same as 31.1035 grams (with a face value of $100). 1/2 troy oz is 17.5570 grams (with a face value of $50), and 1/4 troy oz is 8.7714 grams (with a face value of $25) and so on down to 1/10 troy oz, which is 3.1157 grams (with a face value of $10).

American Eagle Platinum Proof Coins

The 1 ounce American Eagle platinum coin is considered a proof coin. Proof means that the coins were made in a special way. The burnished coin blanks are manually put into presses with special dies, and then each coin is struck repeatedly. This results in softly frosted features that give the impression of floating over a mirror-like surface.

The proof of American Eagle platinum coin is struck in West Point and features the “W” mintmark. It was first made in 1997.

A Deluxe Investment Coin

For both bullion coins and collectible proof coins from 1997 to 2008, all four denominations were offered by the U.S. Mint. They also had collectible uncirculated coins from 2006 to 2008. Since 2009, the U.S. Mint has only made one 1 oz proof coin. Platinum Eagle coins are popular with coin collectors because the reverse side changes every year. American Eagle platinum coins can be placed in a precious metals IRA. It is a good investment option to turn to instead of gold.

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American Platinum Eagle Pricing

The one-ounce Platinum Eagle coin also holds this high value at $100, with it being the only platinum eagle in production right now.

The money you get from a Platinum Eagle is not worth as much as it says on the label. It would be worth more than that if you sold it to some collectors. This is because, unlike other coins where value relies on face-value coupled with the market of that coin’s metal content, platinum eagles are generally worth however much the spot price for platinum might be.

The price of platinum fluctuates, so the prices of American Platinum Eagles will fluctuate also.

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Adding American Eagle Platinum Coins to an IRA

American Eagle coins have been authorized to be in the Individual Retirement Accounts (IRAs) since they began. The Platinum Eagle coin was introduced for IRA investing in 1997.

By investing in platinum, one is adding a diversification level to their portfolio that is independent and unaffected by fluctuations for stocks and bonds. Platinum has become much more liquid as investors are beginning to recognize the value of this special metal.

The Internal Revenue Service (IRS) allows certain types of IRA to hold gold, silver, palladium, and platinum bullion in a portfolio. The IRS-approved American Platinum Eagle can be added if you’re looking for an investment vehicle that has the potential to grow over time.

To establish a precious metals IRA, you must make an initial purchase of $5,000 and subsequent purchases of at least $1,000. If you buy bullion for your IRA, it needs to be put in a safe place. The company is responsible for its safety until you have the chance to take it out of the company and do whatever you want with it.

Bullion that is approved for an IRA must meet certain minimum purity requirements. The United States Mint guarantees all American Eagles to meet these requirements.

Individuals with existing IRAs have the option of transferring funds into a precious metals IRA.

Purchasing Platinum Eagles

Collecting platinum coins can be quite hard. Only a small number of them are minted, and they’re tough to find in comparison to the base metals that they may come with as well.

The American Platinum Eagle is a coin that has been minted for a long time. The U.S. Mint produces less than 10,000 1-ounce coins in some years. More fractional size coins are produced with platinum.

Since 2009, the U.S. Mint has not made any coins that are smaller than a quarter. With the exception of 2001, when about 15,000 proof coins were made available, there have been fewer than 10,000 1 ounce proof coins. This has created a limited market for collectors and investors who can buy these smaller coins.

The Securities and Exchange Commission has also said that American Platinum Eagles can be put in individual retirement accounts or a “Platinum IRA.” This means that they are sure the value of these coins will not go up over time.

The U.S. Mint does not sell American Gold Silver and Platinum Eagle bullion coins directly to the public. They are sold in bulk only to people who can buy them at a slight premium. The Mint also sells uncirculated and ‘proof’ coins directly, but they cost a fixed price.

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The Platinum American Eagle coin is the only platinum bullion that carries a weight-guarantee seal from the United States government. Additionally, it has alternating designs on its reverse side each year.

Platinum is a valuable metal, but it can be difficult to find the right time to invest. It is important that you study how volatile it can be before deciding to invest.


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