Today, May 26, 2011, the United States Mint began sales of the 2011 Proof American Platinum Eagle. This represents the first and possibly the only platinum coin offered by the US Mint this year.
The bullion version of the American Platinum Eagle has not been offered since late 2008. Early in 2009, the US Mint indicated that production would be delayed as they devoted resources to producing as many gold and silver bullion coins as possible. No platinum bullion coins were ever minted in 2009, 2010, or 2011 for the year to date. For each of these years, the US Mint did release a one ounce proof Platinum Eagle for collectors.
The 2011 Proof Platinum Eagle features a reverse design emblematic of the principle “To Insure Domestic Tranquility”. This continues a six year design series presenting the core concepts of American democracy as found in the Preamble to the U.S. Constitution. The present design features the harvest goddess emerging from a field of wheat symbolizing the vastness of our Nation and its wide diversity of views. She bears a stalk of wheat in her left hand, and extends her right hand to a landing dove, to represent the fulfillment of tranquility in our Nation’s cohesive yet free society. The reverse was designed by Joel Iskowitz and sculpted by Phebe Hemphill.
The obverse of the coin features an image of the Statue of Liberty designed and sculpted by John Mercanti, the 12th Chief Engraver of the United States Mint. The design has been used on the obverse of the American Platinum Eagle since the series was introduced in 1997.
Each coin is struck in .9995 purity and contains one troy ounce of platinum. The coins are housed in a custom designed portfolio presentation case that includes the narrative prepared by Chief Justice John G. Roberts which served as the inspiration for the design. The 2011 Proof Platinum Eagle is limited to a maximum mintage of 15,000 coins.
The initial price for the coins is $2,092.00, however this will be subject to potential weekly change based on the average market price of platinum. The US Mint will impose an ordering limit of five coins per household, in effect for at least the first week of availability.
Orders may be placed online at http://catalog.usmint.gov/