The American Platinum Eagle is the official platinum bullion coin of the United States. It was first released by the United States Mint in 1997. It is offered in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz denominations and is guaranteed to contain the stated amount (in troy ounces) of .9995 fine platinum. The American Platinum Eagle is authorized by the United States Congress and is backed by the United States Mint for weight and content. At current market value the coins are worth and sell for about $950, $485, $250, and $105 USD respectively. The American Platinum Eagle may be used to fund Individual Retirement Account investments. The United States Mint also produces a proof version for coin collectors.
Specifications
1 oz coin:
Diameter: 32.70 mm
Thickness: 2.38 mm
Weight: 1.00005 oz
1/2 oz coin:
Diameter: 27 mm
Thickness: 1.75 mm
Weight: 0.5003 oz
1/4 oz coin:
Diameter: 22 mm
Thickness: 1.32 mm
Weight: 0.2501 oz
1/10 oz coin:
Diameter: 16.50 mm
Thickness: 0.94 mm
Weight: 0.10005 oz
The 1/2 oz, 1/4 oz, 1/10 oz coins are identical in design to the 1 oz coin, the only difference are the markings (on the reverse side) which show:
.9995 Platinum 1oz - 100 DOLLARS
.9995 Platinum 1/2 oz - 50 DOLLARS
.9995 Platinum 1/4 oz - 25 DOLLARS
.9995 Platinum 1/10 oz - 10 DOLLARS
In this case the face values of the coins ($10, $25, $50, $100) are purely symbolic (as is often the case with bullion coins), and thus do not affect the real value of the coin.
See Also
The American Gold Eagle
The American Silver Eagle
External Link
