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Wednesday, March 28, 2012

US Mint Likely to Cut Platinum Eagle Price, Keep Gold Coin Prices Unchanged

 

2011 Proof American Platinum Eagle

The U.S. Mint is expected to cut the price of the Platinum Eagle by $100 on Wednesday

Collectors most likely will get a $100 break on the price of the 2011-W Proof American Platinum Eagle. The 99.95% pure platinum coin is poised for a decrease Wednesday, per the recent trend of London platinum and the U.S. Mint's numismatic pricing system. The Eagle is expected to go from $1,992.00 down to $1,892.00.

The last time the pricing changed for the Platinum Eagle had been on February 29 when it was increased because the PGM metal climbed within the Mint's coin price setting range of $1,650.00 and $1,749.99 an ounce.
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