1997 American Platinum Eagle Coins

The 1997 American Platinum Eagle Coins were the inaugural year strikes for the first investment grade platinum coins to be issued by the United States government.

1997 American Platinum Eagle Coins
Mintage: 56,000 One Ounce Bullion, 20,851 One Ounce Proof
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Platinum Eagles were added to the US Mint’s existing Gold and Silver Eagle Programs, both of which debuted thirteen years earlier, in 1986. Like their gold and silver counterparts, the Platinum Eagles are most popular in their bullion grade versions as investment devices. However, the Mint also strikes numismatic versions of the Eagles.

Four different sizes of the Platinum Eagles were struck in both bullion and proof varieties – a 1 ounce coin with a $100 face value, a 1/2 ounce coin with a $50 face value, a 1/4 ounce coin with a $25 face value and a 1/10 ounce coin with a$10 face value. The Mint also produced Platinum Proof 4-Coin Sets in 1997 along with a Liberty 3 Coin Set which included one ounce proof Platinum, Gold and Silver Eagles.

1997 Platinum Eagle Mintage

Bullion Platinum Eagle Mintage

A relatively small, but respectable, number of Bullion Platinum Eagles were struck in their debut year of 1997.

The chart below shows the total mintage of 1997-dated Bullion Platinum Eagles:

One Ounce Bullion Platinum Eagle 56,000
1/2 Ounce Bullion Platinum Eagle 20,500
1/4 Ounce Bullion Platinum Eagle 27,100
1/2 Ounce Bullion Platinum Eagle 70,250

Proof Platinum Eagle Mintage

In their debut year, the 1997 Platinum Proof Eagles sold a total of 91,903 individual coins. This includes those sold as part of the 4-Coin Sets and those sold as part of the Liberty 3-Coin Sets.

The chart below shows the total mintage of 1997-dated Proof Platinum Eagles which includes the number sold as part of the Platinum Eagle 4-Coin Set (of which 7,971 were sold) and the number sold as part of the Liberty 3-Coin Set (of which 4,965 were sold).

One Ounce Proof Platinum Eagle 20,851
1/2 Ounce Proof Platinum Eagle 15,431
1/4 Ounce Proof Platinum Eagle 18,628
1/10 Ounce Proof Platinum Eagle 36,993

Issue Information

The 1997 Platinum Eagles were the inaugural year strikes for the Platinum Eagle Program.

Release Date

The US Mint released the Proof Platinum Eagles on June 6, 1997. Bullion Platinum Eagles became available through the Mint’s network of authorized purchasers later in the year.

Issue Price

When first released, the US Mint sold the Ounce Platinum Proof Eagle for $695, the 1/2 Ounce Platinum Proof Eagle for $395, the 1/4 Ounce Platinum Proof Eagle for $199 and the 1/10 Ounce Platinum Proof Eagle for $99. The Four Coin Set sold for $1,350 and the Liberty 3-Coin Set sold for $1,499. Bullion Platinum Eagles were available from the Mint’s network of authorized purchasers for a small premium above the current spot price of the platinum contained within them.

U.S. Mint Production Facility

A ‘W’ mintmark on each Proof Platinum Eagle indicates it was struck at the US Mint’s facility in West Point.

Designer & Sculptor

US Mint Sculptor/Engraver John Mercanti’s "Portrait of Liberty" is featured on the obverse (heads side) of the Platinum Eagles. The reverse (tails side) of both the proof and bullion Platinum Eagle showcased US Mint Sculptor/Engraver Thomas D. Rogers Sr.’s "Soaring Bald Eagle."

Coin Specifications

(For One Ounce Platinum Eagles)

Face Value: $100
Finish: Bullion, Proof
Composition: 99.95% Platinum
Standard Weight: 31.120 g
Standard Diameter: 32.70 mm
Edge: Reeded

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