The preliminary product page for the 2012 Proof Platinum Eagle has been posted on the US Mint’s website. Although there still has been no formal announcement, this reveals the design selection for the coin as well as the mintage and ordering limits.
The reverse of the 2012 Platinum Eagle represents the fourth in six year design series representing the principles of American democracy found in the Preamble to the Constitution. Previous designs have represented the concepts “To Form a More Perfect Union” (2009), “To Establish Justice” (2010), and “To Insure Domestic Tranquility” (2011). The design for 2012 features the concept “To Provide for the Common Defence”.
The reverse design depicts of minuteman from the Revolutionary War to represent the protection and defense of the country in its early days. The minuteman holds a rifle and a book with a stylized flag in the background. The American Eagle privy mark appears in the left side of the circular area carrying inscriptions. This privy mark has been used for each coin within the design series.
This minuteman reverse design had been recommended by the Citizens Coinage Advisory Committee from the eleven candidates originally prepared. (Follow the link for images of the other candidates.) The Commission of Fine Arts had recommended an alternative design depicting a shield with an eagle atop and a ribbon carrying the words “The Common Defence”.
According to the preliminary product page, the maximum mintage for the coin will be 15,000. This is the same level used for the 2011 Proof Platinum Eagle, which still remains available for sale and has sold 14,639 coins to date. Lower mintage limits had been used previous years with 8,000 for 2009 and 10,000 for 2010. Both of these issues had sold out in about a week.
For the current year offering, an initial household limit of 5 has been indicated. Pricing for the coin will be based on the average market price of platinum during the weekly period leading up to the release date of August 9, 2012.