| Collectors jumped at their opportunity to scoop up the 2010 proof Platinum American Eagles. 8,268 of the 10,000 maximum mintage sold between its launch on Thursday afternoon and Sunday, leaving just 1,732 on the shelves. Perhaps the only things slowing down the sell out was its $1,892 price per coin and the household limit of five. Fortunately for those who waited to purchase the platinum eagle, the price was lowered by the Mint today, and it equaled a $100 savings. The new price, $1,792 per coin, is the result of the Mint's pricing criteria. Since the London Fix weekly average for platinum fell below the $1,550 threshold, the numismatic price was also lowered. A new product launch usually helps boost sales of other products, but that was not the case this time. Only a handful of coins beat their previous gains, while the majority of sales slowed down. The proof American Buffalo gold coin was one that came close to its prior gain, adding 689 in this round vs 692. Its price also changed today, but it went up, not down. The one ounce proof Buffalo gold coin was $1,460 but is now $1,510. Bullion Silver Eagles drastically slowed down. In a seven day period, 100,000 sold. The weekly average had been more than 500,000. August might rank as the slowest month in 2010 for silver sales, because it is halfway through the month and the total is 942,500. Right now the year-to-date total is 22,092,000. (...) Read the rest of US Mint Sales: 2010 Proof Platinum Eagles Debut (1,152 words)  |
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