The U.S. Mint is now taking orders for the 2016 American Eagle One-Ounce Platinum Proof Coin, which has a mintage limited to 10,000 pieces and debuts at $1,350.00. An order limit of one coin per household has also been established.
This year’s larger mintage limit breaks a trend that saw production for coins in this series drop four years in a row. Last year’s series-low total of 3,881 pieces sold out within 10 minutes of the item’s release.
The reverse of the 2016 Platinum Proof Eagle features an image of Liberty holding a torch and an olive branch, symbolizing enlightenment and peace, respectively. The olive branch holds 13 olives, one for each of the original colonies of the United States. Inscribed in the field and along the rim are UNITED STATES OF AMERICA, .9995 PLATINUM, 1 OZ., $100, and the West Point Mint’s “W” mint mark. The design was created by Paul C. Balan and sculpted by Joseph Menna.
The coin’s obverse features John Mercanti’s rendering of Liberty, first introduced on Platinum Eagles in 1997. Inscribed in the field and along the rim is LIBERTY, E PLURIBUS UNUM, IN GOD WE TRUST, and 2016.
The 2016 American Eagle Platinum Proof Coin is composed of an ounce of 99.95% platinum and has a reeded edge. It measures 1.287 inches (32.70 mm) in diameter and is .094 inches (2.39 mm) thick.
The designs for the 2015 and 2016 Platinum Eagle Proof reverses have been given the theme of “Torches of Freedom,” and each coin features a depiction of Liberty carrying a torch. The items’ presentation cases allow both issues to be displayed together as a two-part series.
A list of sales totals for every American Eagle One-Ounce Platinum Proof Coin can be found here. For more information on the 2016 American Eagle One Ounce Platinum Proof Coin, please visit the Web site of the U.S. Mint.
Update #1, 1:00 p.m.: The 2016 American Eagle One Ounce Platinum Proof Coin is now listed as “Currently Unavailable” on the Mint’s Web site.
Update #2, 7/1/16: Michael White of the Mint’s Office of Corporate Communications has shared the following statement regarding sales of the 2016 Platinum Proof Eagle: “At 12:56 p.m. EDT, June 30, the 2016 American Eagle One Ounce Platinum Proof Coin (16EJ) went into a ‘Currently Unavailable’ status after the Mint received orders totaling the entire mintage of 10,000. If the product is made available later to the public as the result of returns and cancellations, the most efficient way for interested customers to receive notification is through the use of the “Remind Me” feature on our Web site appearing on the product page.”