2007-W Burnished Platinum Eagles Back on Sale


At long last, the Mint has put the remaining 2007-W Burnished Platinum Eagle coins back up for sale on its website.

As mentioned previously in this blog, these coins have spent nearly all of 2008 under suspension as the price of platinum spiked and then entered a period of extreme volatility.

Only two product options are shown available- the one ounce coin and the one-tenth ounce coin. The full product catalog page can be found here.

Prices have been adjusted upwards from the prior levels to account for the increased market value of the platinum content. The one ounce coins are priced at $2,189.95 compared to the prior price of $1,869.95. The one-tenth ounce coins are priced at $244.95 compared to the prior price of $229.95.

Notably, it seems that the one-half ounce and one-quarter coins coins will not be making a comeback. The product pages simply state “Product is not available.” These two coins had the lowest mintages of the 2007-W Burnished Platinum Eagles. I’ll be taking a look at those figures, along with a comparison to 2006 figures tomorrow. Stay tuned!

Related:
Will 2007-W Burnished Platinum Eagles Go Back on Sale?
Burnished Platinum Eagles

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2007-W Burnished Platinum Eagles Back on Sale


In addition to the 2007-W Burnished Gold Eagles going back on sale, the 2007-W Burnished Platinum Eagles also went back on sale last night. These collectible versions of the platinum bullion coins are struck on specially burnished blanks and carry the “W” mint mark. Sales were recently suspended due to the rising price of platinum.

The coins are shown as available for purchase here. Note, prices listed on this page are not correct. Once you begin to move through the check out process, the higher adjusted prices will be shown. The table below shows the former prices, new prices, and change:

Old Price New Price Change
1 oz. $ 1,630.95 $ 1,869.95 14.65%
1/2 oz. $ 830.95 $ 949.95 14.32%
1/4 oz. $ 435.95 $ 499.95 14.68%
1/10 oz. $ 204.95 $ 229.95 12.20%
4 coin set $2,976.95 Not Avail. N/A

As with the Burnished Gold Eagles, it seems likely that the Mint is finally selling of the remaining inventory of 2007 coins at adjusted prices. So far, sales figures of the 2007-W Burnished Platinum Eagles have been relatively low, but have exceeded the extremely low sales figures of last year. The follow table shows the sales figures as of January 24, 2008 from Numismaster:

2007 (as of 1/24/08)
1 oz. 1,518
1/2 oz. 1,269
1/4 oz. 1,218
1/10 oz. 3,083
4 coin set 2,741

Similar to my comments on the Burnished Gold Eagles, these may present an opportunity for appreciation if the final mintage figures are low enough. Last year’s Burnished Platinum Eagles saw some great appreciation after the final numbers were revealed to be at record lows.

The 2007-W Proof Platinum Eagles also went back on sale. The 2007 10th Anniversary Platinum Eagle Set remains on sale at the same price as issued.

Related:
2007-W Burnished Gold Eagles Back on Sale

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