Today the United States Mint stopped accepting orders for the 2009 American Platinum Eagle Proof Coin. Orders have been received to fulfill the 8,000 coin maximum authorized mintage, as well as populate a waiting list, which will be used in the event of order cancellations.
The 2009 Proof Platinum Eagle first went on sale December 3, 2009. The offering price was a steep $1,792 as a consequence of the high price of platinum when the coins went on sale. Under the US Mint's pricing policy, pricing was determined based on an average platinum price within the $1,450.00 to $1,549.99 range. Platinum has recently fallen below this level, dipping as low as $1,416 per ounce last week.
By December 10, 2009, the US Mint had received sufficient orders to fulfill the 8,000 coin maximum. Orders continued to be accepted through the weekend for placement on a waiting list. In the event of order cancellations due to invalid credit card information or other issues, the US Mint will fulfill orders from the waiting list on a first-in, first-served basis. This afternoon, the US Mint stopped accepted orders for the waiting list.
The sell out, which occurred in just over one week, is a dramatic shift from prior American Platinum Eagle offerings. Typically, the coins have been available throughout most of the year and have sold in lower quantities. For 2008, the one ounce proof and one ounce uncirculated coins had sold 4,769 and 2,876 coins, respectively.
