As of this morning, the 2013 Proof American Platinum Eagle has sold out at the United States Mint. Based on the last reported sales, the coin will establish a new mintage low for the “Preamble” design series.
The 2013 Proof Platinum Eagle features a reverse design by Joel Iskowitz representing the concept “To Promote the General Welfare”. Young America is pictured looking towards the future against a backdrop of three interlocking gears which represent the federal, state, and local government working together.
The coins originally went on sale at the US Mint on July 18, 2013. The price was initially $1,800, but varied throughout the course of the offering. A maximum mintage of 15,000 pieces had been established.
Based on the figures from the latest weekly report, cumulative sales for the coin had reached 5,738 units as of the March 9 reporting date. This is well below the established maximum mintage and also establishes a new mintage low for the “Preamble” design series.
In 2009, the US Mint began a six year series of designs to represent the core concepts of American democracy as found in the Preamble to the Constitution. At the same time, the numismatic offerings for the American Platinum Eagle were dramatically reduced. After previously offering proof and uncirculated versions of the coin across four different sizes, only a single one ounce proof coin would be offered for each year. At the same time, the production of bullion Platinum Eagles was suspended, finally to be resumed this week.
Looking back at the “Preamble” series, the 2009 Proof Platinum Eagle had a maximum mintage of 8,000 pieces and sold out quickly. The final audited mintage of 7,945 had been the lowest for the design series. In 2010, an increased maximum mintage of 10,000 pieces also sold out quickly, with the final mintage indicated at 9,871 pieces. From 2011, the maximum mintage was increased to 15,000 pieces. The 2011 Proof eventually reached a sell out at 14,790 pieces. The 2012 Proof lingered in availability until the close of the 2013 calendar year, with final sales reaching 10,084 pieces.
While the mintage of the 2013 Proof Platinum Eagle will be low compared to recent issues, before 2009 even lower mintages had occurred. The 2008 Proof Platinum Eagles hold the lowest mintages for their respective denominations in proof format at 4,769 (1 oz), 4,020 (1/2 oz), 4,153 (1/4 oz), and 5,138 (1/10 oz).
Even lower mintages occurred for the collectible uncirculated or “burnished” coins with an absolute low of 2,253 for the 2008-W 1/2 oz.