On January 18, 2012, the United States Mint has increased the price of the 2011 Proof Platinum Eagle. The previous pricing action on December 21, 2011 had brought the price of the coin to its lowest level during the course of the offering.
The one ounce proof 2011 Platinum Eagle continues the six year design series depicting the core concepts of American democracy found in the Preamble to the U.S. Constitution. This year's design depicts the concept "To Insure Domestic Tranquility" with the image of a harvest goddess emerging from a field of wheat. She holds a stalk of wheat in her left hand, with her right hand extended to a landing dove.
The price of the coin has been raised to $1,792 from the previous price of $1,692. The change is based on an average weekly market price of platinum within the $1,450 to $1,549.99 range. Pricing may be adjusted weekly if the average market price of platinum moves into a different pricing tier, established at $100 intervals.
As of the most recent available sales report, the United States Mint has sold 12,471 of the 2011 Proof Platinum Eagles. The product has a maximum authorized mintage of 15,000 pieces.
I ordered one of these beautiful coins before 8 A.M. on Jan. 18th at the $1,692 price. Just too good a bargain to miss out on!!! I find it to be the most beautiful design so far in the Concepts of Democracy series. Platinum had been creeping up this month and the current spot price is less than $50 ounce away from making these coins rise to the $1,872 price level fairly soon. Wonder when the Mint will release the 2012 Platinum proof ounce since there are presumably around 2,500 of the 2011 issues still in their inventory.