2008-W One-Quarter Ounce Platinum Eagle Sold Out


The second of the re-offered 2008-W Platinum Eagles has sold out at the US Mint. The sold out coin is the 2008-W One-Quarter Ounce Uncirculated Platinum Eagle. This joins the one-tenth ounce version of the coin as one of this year’s early sell outs.

After more than two and a half months of suspension, the 2008-W Platinum Eagles went back on sale October 17 at reduced prices. Collectors quickly placed a rush of orders which more than doubled pre-suspension sales levels and led to two sell outs so far.

Notably, the 4 Coin Set of 2008-W Unc Platinum Eagles remains on sale. Therefore, the sold out coins can still be obtained by purchasing this entire set. Also, as long as the 4 Coin Set remains on sale, mintage figures for the individual sold out coins will continue to grow.

Numismaster has just published updated sales figures for the Platinum Eagles. The table below displays the sales totals for each individual option in the first column, and combined sales totals in the second column (individual sales + 4 coin set sales).

2008-W Uncirculated Platinum Eagle Sales Figures

Individual Combined
1 ounce 393 1,584
1/2 ounce 802 1,993
1/4 ounce 2,138 3,329
1/10 ounce 2,500 3,691
4 coin set 1,191 N/A

2008 Proof Platinum Eagle Sales Figures

Individual Combined
1 ounce 1,560 2,950
1/2 ounce 781 2,171
1/4 ounce 1,025 2,415
1/10 ounce 2,224 3,614
4 coin set 1,390 N/A

With the recent rush of sales, sales figures for some of 2008-W Unc versions are now above the estimated final mintages of the key date 2006-W Platinum Eagles. One big exception is the one ounce version which continues to lag in sales.

Also, collectors continue to choose Uncirculated versions over Proof versions. This has caused two proof versions to have sales totals below the respective Unc versions.

Finally, for anyone wondering how the secondary market is reacting to the sell outs, the 2008-W Unc Platinum 1/10 ounce coins are selling on eBay for around $160-$170 raw. This is above the US Mint price of $134.95, but not spectactularly so. Here are the current active eBay auctions.

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Comments

  1. Anonymous says

    I am reading the 1 ounce number for the regular bullion coin right on the platinum eagle? Does that mean that’s the number of total bullion issued for the 1 ounce bullion coin? Not the W mint but the regular issue coin.

  2. Anonymous says

    Even with the reduced price, the mint was selling the quarter ounce platinum uncirc at a 50% premium. It means one of two things:

    –the exchange price of platinum is a joke.

    –the US Mint charges more vigorish than the Mafia.

    Maybe it is all of the above? Is the Mint supposed to be a government agency that provides coins to the public at a fair premium or are they no better than the worst e-bay shysters?–take your pick.

    I did buy a couple of the plats–after looking at many auctions, I think they will maintain their value and probably go up if platinum does the same. Still I am not proud of getting into the tank with the Mint sharks.

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