2008-W Uncirculated & Proof Platinum Eagle Sales Figures


This morning the last of the US Mint’s 2008 platinum products sold out. The only platinum product which remains available for sale is the 2007 10th Anniversary Platinum Eagle Set.

As it stands, all 2008-W Uncirculated Platinum Eagles are gone, including the 1 oz, 1/2 oz, 1/4 oz, 1/10 oz individual options and the 4 Coin Set. All 2008 Proof Platinum Eagles are gone, also including the 1 oz, 1/2 oz, 1/4 oz, 1/10 oz individual options and the 4 Coin Set.

The official sell outs for these products mark a somewhat bittersweet ending. In November the US Mint announced a large number of product discontinuations for 2009, which included the majority of the collectible Platinum Eagle offerings. The only platinum coin that will return next year is the One Ounce Proof Platinum Eagle.

Over at Numismaster, the latest Mint Stats through December 7th have been posted. The sales figures for all platinum coins are included below. The first column shows the individual totals per product type. The second column shows the cumulative totals per coin (individual sales plus 4 coin set sales).

2008-W Uncirculated Platinum Eagle Sales Figures

1 oz 1,951 4,109
1/2 oz 1,257 3,415
1/4 oz 1,778 3,936
1/10 oz 2,485 4,643
4 Coin 2,158


2008 Proof Platinum Eagle Sales Figures

1 oz 2,432 4,728
1/2 oz 1,056 3,352
1/4 oz 1,293 3,589
1/10 oz 2,810 5,106
4 Coin 2,296

For the uncirculated coins, the sales number increased for the 1 ounce coin and decreased for the 1/4 ounce coin. The last time I looked at these sales figures, I ran comparisons to the prior 2006 & 2007-W Platinum Eagle mintages. Low numbers for 2008 are now the 1/2 ounce coin and 1/10 ounce coin, which are lower than 2007 numbers, but still above 2006.

On the proof side, the numbers will continue to grow since they only report sales through December 7th. It appears that a big rush of buying may have taken place early this week, which might have a big impact. The current numbers are still comfortably below the 2007 Proof Platinum Eagle mintages. However, we will have to revisit this next week when new numbers for 2008 become available.

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Comments

  1. Michael says

    The 2006-W Unc Platinum Eagles had the following last reported sales:

    1 Ounce – 1,753
    1/2 Ounce – 1,258
    1/4 Ounce – 1,228
    1/10 Ounce – 3,111
    4 Coin Set – 2,672

    I don’t have the 2006 Proof Platinum Eagle figures, but will try to track them down. If any one has them handy, please chime in…

  2. Anonymous says

    Your MS 2006-w mintages are different from the others I have seen. Nobody has offered the PR 2006-w mintages. What I do not understand is why three years after production my government doesn’t know the production figures.

  3. Lureuin says

    The mint still doesn’t post the 1/2oz proof figures for 2006, 2007. 2004 is still the winner until the 2008 numbers are finalized, which could be in 2012.

    Does anyone have accurate #’s for 2006 and 2007?

  4. Michael says

    Here are the mintage numbers I could track down.

    Platinum Eagle mintage

    I didn’t start personally tracking the numbers until 2007, so the information for 2006 is unconfirmed.

    All of the 2006 and 2007 data is either based on last published sales reports, or reports of unaudited US Mint data.

    Recently the US Mint has been taking several years to release final audited mintage data.

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2008-W Proof & Uncirculated Platinum Eagle Sales Figures


With the ongoing suspension of all 2008 Platinum Eagles, now is an interesting time to take a look at the most recent sales figures.

2008 Platinum Eagles have not sold very well this year, due to a combination of factors:

  • The price of platinum has been extremely volatile this year. For the first few months of 2008, the price went straight up, reaching an all time high of $2,290 per ounce. This was followed by a few months of choppy thrashing. In recent months, the price of platinum has been in constant decline to today’s level of $1,191. This kind of volatility has probably made most coin collectors skittish about buying a coin with much of its current value tied to the price of platinum.
  • Platinum Eagle sales at the US Mint have either been suspended or priced at extremely high premiums. I will write a second post with a time line showing the brief time periods when the coins actually were on sale. Since the cumulative period of time when coins were on sale was so brief, collectors have not really had the opportunity to purchase them.

The most recent sales figures for 2008 Proof Platinum Eagles and 2008-W Uncirculated Platinum Eagles are presented in the following tables. The figures come from the latest Mint Stats report from Numismaster. The first sales total column shows the amount sold for each ordering option. The second sales total column represents the combined total (individual option plus 4 coin set).

2008 Proof Platinum Eagles
Product Combined
1 ounce 1,222 1,981
1/2 ounce 482 1,241
1/4 ounce 628 1,387
1/10 ounce 1,255 2,014
4 Coin Set 759 N/A
2008-W Uncirculated Platinum Eagles
Product Combined
1 ounce 146 599
1/2 ounce 126 579
1/4 ounce 198 651
1/10 ounce 712 1,165
4 Coin Set 453 N/A

If you haven’t already guessed, these numbers are extremely low. They are far below the estimated mintages for last year’s coins. For comparison, you can check out my post on the 2007 Proof Platinum Eagles mintages, and 2007-W Uncirculated Platinum Eagles mintages.

Do the low sales figures for the 2008 Platinum Eagles represent an opportunity? It’s hard to tell. It will depend on when, if, and at what price the Mint starts selling the coins again; the future market price of platinum; and collector’s perception/reaction to the final mintage numbers.

If you are fishing for some 2008 Platinum Eagles now, you can find a handful for sale on eBay, but the coins are priced at a big premium. Here are the 2008 Proof Platinum Eagles and the 2008-W Uncirculated Platinum Eagles currently listed for sale.

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