American Eagle Platinium Proof Coin 2009

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The coins to be available on December 3.

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American Eagle Platinum Proof Coins are collector versions of the official United States Mint American Eagle Platinum Bullion Coins and are available in limited mintages in the one ounce size. The obverse features Lady Liberty, symbolizing vigilance and faithfulness to duty.

In 2009, the reverse design is emblematic of the principle To Form a More Perfect Union, the first of six principles of American democracy found in the Preamble to the United States Constitution. It features four faces representing the diversity of our Nation with the clothing and hair weaving together to form a more perfect union. An additional feature is an American Eagle privy mark. A new design element, an American Eagle “privy mark,” has been added to the reverse design of the coin. The privy mark is from an original “coin punch” identified at the United States Mint at Philadelphia.

Each 2009 American Eagle One Ounce Platinum Proof Coin contains 99.95 percent pure platinum and is packaged in a custom-designed portfolio presentation case.

The themes for the reverse designs for this program are inspired by narratives prepared by the Chief Justice of the United States, John G. Roberts, Jr., at the request of the United States Mint.

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2009 American Eagle Platinum Proof Coins launched on Thursday, Dec. 3. By Sunday, sales reached 7,207 of the maximum 8,000 allotted according to the latest US Mint report on current coin purchases. A sell out appears imminent, and is only a matter of time.

The price tag for the 99.95 percent pure, one ounce platinum eagle is currently set at $1,792.00, with an order limit in place of 5 per household. While the price may seem high for a modern collectible with a premium of some $350 over the current spot of platinum, it is a bargain when considering the 2008 issue price of $2,299.95.

Platinum Eagles have not been available from the US Mint all year and, and as it announced in October, no bullion versions will be struck until at least 2010.

Also, there are no uncirculated versions and no fractional one-half, one-quarter and one-tenth ounce sizes — these were discontinued when the Mint reshaped its numismatic product line in Nov. 2008.

These facts help explain the increased demand, and faster selling pace. The US Mint sold just 4,769 of the one ounce proof coins last year.