2008 American Platinum Eagle Coins

The 2008 American Platinum Eagle Coins experienced decreased numismatic mintages, but owing to a turbulent platinum market, the bullion mintages actually improved.

2008 American Platinum Eagle Coins
Mintage: 21,800 One Ounce Bullion, 4,769 One Ounce Proof, 2,876 One Ounce Uncirculated
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The precious metal actually started off the year quite strong and built upon that for the first several months. However, by July, platinum started to show some weakness and would end the year at levels not seen since 2005. It ended up averaging $1573.53 for the year, an improvement on the 2007 average which stood at $1303.05

However, that improvement was all gained in the first half of the year when the precious metal went as high as $2273 an ounce. By October, a low of $763 was seen.

2008 Platinum Eagle Mintage

Bullion Platinum Eagle Mintage

With the volatile platinum market, investors showed some renewed interest in the Bullion Platinum Eagles raising their total mintage to pre-2003 levels. Leading the group was a jump in the number of one ounce strikes sold which ended up at 21,800.

The chart below shows the total mintage of 2008-dated Bullion Platinum Eagles:

One Ounce Bullion Platinum Eagle 21,800
1/2 Ounce Bullion Platinum Eagle 14,000
1/4 Ounce Bullion Platinum Eagle 22,800
1/2 Ounce Bullion Platinum Eagle 17,000

Proof Platinum Eagle Mintage

Demand for the Proof Platinum Eagles fell significantly again during the year bringing their total mintage level to a low never before seen.

The chart below shows the total mintage of 2008-dated Proof Platinum Eagles which includes the number sold as part of the Proof Platinum Eagle 4-Coin Set (of which 2,261 were sold).

One Ounce Proof Platinum Eagle 4,769
1/2 Ounce Proof Platinum Eagle 4,020
1/4 Ounce Proof Platinum Eagle 4,153
1/10 Ounce Proof Platinum Eagle 5,138

Uncirculated Platinum Eagle Mintage

In their third year of availability, the Uncirculated Platinum Eagle mintage fell to the lowest total numbers seen to that point.

The chart below shows the total mintage of 2008-dated Uncirculated Platinum Eagles which includes the number sold as part of the Uncirculated Platinum Eagle 4-Coin Set (of which 1,283 were sold).

One Ounce Proof Platinum Eagle 2,876
1/2 Ounce Proof Platinum Eagle 2,253
1/4 Ounce Proof Platinum Eagle 2,481
1/10 Ounce Proof Platinum Eagle 3,706

 

Issue Information

The 2008 Platinum Eagles were the twelfth year in which the US Mint produced the precious metal strikes.

Release Date

The US Mint released the Proof Platinum Eagles on May 5, 2008. The Uncirculated Platinum Eagles went on sale July 1, 2008. Bullion Platinum Eagles were available for most of the year from the US Mint’s network of authorized purchasers.

Issue Price

With platinum at record prices when the Proof Eagles were released, the Mint was forced to raise their initial prices to $2,299.95 for the one ounce, $1,174.95 for the 1/2 ounce, $609.95 for the 1/4 ounce, $269.95 for the 1/10 ounce and $4,119.95 for the Proof 4-Coin Set. The Uncirculated Platinum Eagles initially sold for $2,349.95 for the one ounce, $1,199.95 for the 1/2 ounce, $619.95 for the 1/4 ounce, $259.95 for the 1/10 ounce and $4,289.95 for the Uncirculated 4-Coin Set. Bullion Eagles were sold by the Mint’s network of authorized purchasers for a small premium above the current spot price of the platinum contained within them.

2008 Proof American Platinum Eagle Coin, Reverse

Special Proof and Uncirculated Reverse Design

Featuring the final of three annual "Foundations of American Democracy" designs, the reverse of the Proof and Uncirculated Platinum Eagle shows an image of Lady Justice depicting the judicial branch. It was designed by United States Mint Artistic Infusion Program Master Designer Joel Iskowitz and engraved by United States Mint Sculptor-Engraver Charles Vickers.

U.S. Mint Production Facility

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

Designer & Sculptor

John Mercanti designed the "Portrait of Liberty" that is featured on the obverse (heads side) of all of the Platinum Eagles. The reverse (tails side) of the bullion Eagles contains Thomas D. Rogers Sr.’s soaring eagle as they have done since their debut. Featured on the reverse of the proof and uncirculated Platinum Eagles is Joel Iskowitz’s Lady Justice.

Coin Specifications

(For One Ounce Platinum Eagles)

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

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