What a Platinum Eagle is
Platinum Eagles are struck in .9995 fine platinum. From 1997 to 2008 the Mint made four sizes: 1/10, 1/4, 1/2 and 1 troy ounce of platinum. Each carries a face value of $10, $25, $50 or $100 and the size is always written on the coin along with the purity.
Those face values are legal tender amounts only. Nobody spends these coins, because the platinum inside is the whole point. From 2009 onward the Mint dropped the small sizes, so any later Platinum Eagle you find should be the one ounce coin.
Platinum Eagle mintages by year
| Year | 1 oz bullion | Fractional bullion | Collector versions | Scarcest version |
|---|---|---|---|---|
| 1997 | 56,000 | 117,850 | 91,903 | 1997-W 1/2 oz proof, 15,431 |
| 1998 | 133,002 | 110,831 | 63,468 | 1998-W 1/2 oz proof, 13,836 |
| 1999 | 56,707 | 127,998 | 56,106 | 1999-W 1/2 oz proof, 11,103 |
| 2000 | 10,003 | 72,973 | 51,148 | 2000-W 1/2 oz proof, 11,049 |
| 2001 | 14,070 | 86,647 | 38,244 | 2001-W 1/2 oz proof, 8,254 |
| 2002 | 11,502 | 74,415 | 40,253 | 2002-W 1/2 oz proof, 8,772 |
| 2003 | 8,007 | 64,623 | 31,955 | 2003-W 1/4 oz proof, 7,044 |
| 2004 | 7,009 | 46,256 | 23,424 | 2004-W 1/2 oz proof, 5,063 |
| 2005 | 6,310 | 35,039 | 27,240 | 2005-W 1/2 oz proof, 5,942 |
| 2006 | 6,000 | 32,604 | 46,684 | 2006-W 1/2 oz uncirculated (burnished), 2,577 |
| 2007 | 7,202 | 28,406 | 84,716 | 2007-W 1/2 oz uncirculated (burnished), 3,635 |
| 2008 | 21,800 | 53,800 | 29,396 | 2008-W 1/2 oz uncirculated (burnished), 2,253 |
| 2009 | 0 | 0 | 7,945 | 2009-W 1 oz proof, 7,945 |
| 2010 | 0 | 0 | 9,871 | 2010-W 1 oz proof, 9,871 |
| 2011 | 0 | 0 | 14,790 | 2011-W 1 oz proof, 14,790 |
| 2012 | 0 | 0 | 9,081 | 2012-W 1 oz proof, 9,081 |
| 2013 | 0 | 0 | 5,763 | 2013-W 1 oz proof, 5,763 |
| 2014 | 16,900 | 0 | 4,596 | 2014-W 1 oz proof, 4,596 |
| 2015 | 0 | 0 | 3,886 | 2015-W 1 oz proof, 3,886 |
| 2016 | 20,000 | 0 | 9,151 | 2016-W 1 oz proof, 9,151 |
| 2017 | 20,000 | 0 | 8,892 | 2017-W 1 oz proof, 8,892 |
| 2018 | 30,000 | 0 | 13,724 | 2018-W 1 oz proof, 13,724 |
| 2019 | 40,000 | 0 | 9,869 | 2019-W 1 oz proof, 9,869 |
| 2020 | 56,500 | 0 | 9,837 | 2020-W 1 oz proof, 9,837 |
| 2021 | 75,000 | 0 | 9,884 | 2021-W 1 oz proof, 9,884 |
Designs: one bullion look, many proof themes
Bullion coins pair a close view of the Statue of Liberty's face by John Mercanti with Thomas D. Rogers's soaring eagle, every single year. Proofs shared that pairing in 1997, then switched to a new design almost every year starting in 1998.
The proof designs come in themed groups, which helps you date a coin at a glance:
- 1998 to 2002: Vistas of Liberty, an eagle over five American landscapes
- 2003 to 2005: three single-year designs
- 2006 to 2008: Foundations of Democracy, one design for each branch of government
- 2009 to 2014: six designs based on the Preamble to the Constitution
- 2015 to 2017: two Liberty designs, then the 20th anniversary return of the soaring eagle
- 2018 to 2020: the Declaration of Independence themes of Life, Liberty and the Pursuit of Happiness
- 2021: Freedom of Religion, the first theme of a series on the First Amendment
Bullion, proof or burnished: how to tell
Bullion coins have no mint mark and a plain bright finish. They were sold in bulk to authorized purchasers, who then sold them on to dealers and the public, so they usually turn up loose or in a plastic tube. Proofs carry a small W for West Point. They have mirror-like backgrounds with frosted raised details and came straight from the Mint in a capsule with a box and certificate.
From 2006 to 2008 there was a third version: uncirculated coins with a burnished, satin finish and a W mint mark. They look duller than a proof but smoother than a bullion coin. If your coin has a W and no mirror shine, check whether it's dated 2006, 2007 or 2008.
Key dates and low mintages
Platinum Eagle mintages are tiny next to the silver and gold programs. Proofs from the late 2000s and the 2010s often stayed below 10,000 coins a year. The lowest proof figure belongs to the 2015 one ounce at 3,886 coins. Among one ounce proofs, 2014 at 4,596 and 2008 at 4,769 come next. Among burnished coins, the 2008 half ounce at 2,253 is the smallest of all.
Bullion can be scarce too. The 2006 one ounce bullion coin reached only 6,000 pieces and no bullion coins at all were struck from 2009 to 2013 or in 2015.
Checking a coin is genuine
Start with weight and size, using a scale that reads to a hundredth of a gram. A fake has to match the weight and diameter of a real coin at the same time, which is hard to do with anything but platinum. Platinum isn't attracted to a magnet, so a coin that jumps to one is a problem.
Then look closely at the details. Real coins have crisp lettering, clean reeding on the edge and sharp lines in Liberty's face. Soft or mushy details, a wrong font or a size written incorrectly are warning signs. If you still aren't sure, a dealer with a precious metal analyzer can test it without damage.
Storage and handling
Platinum doesn't tarnish easily, but proofs mark at the slightest touch. Hold coins by the edges, ideally with cotton or nitrile gloves and keep proofs in their original capsule. Never clean a coin; even a gentle wipe leaves hairlines that reduce its appeal to collectors. Store everything somewhere dry and avoid soft plastic flips, which can leave residue over time. Keeping the box and certificate with a proof makes it easier to sell later.
Frequently asked questions
Is a Platinum Eagle worth more than its platinum?
Bullion coins usually trade close to metal value with a small premium. Proofs and burnished coins with low mintages often carry a collector premium, especially in the original box with the certificate.
Which Platinum Eagle has the lowest mintage?
Overall, the 2008 half ounce burnished coin at 2,253. Among proofs, the lowest is the 2015 one ounce, with 3,886 coins struck.
Where is the mint mark on a Platinum Eagle?
Only proofs and burnished coins have one, a small W for West Point. Bullion coins never carry a mint mark, so a plain coin is normal and not a sign of an error.
Why does a proof look different from a bullion Platinum Eagle?
From 1998 the proof got its own design almost every year, on the reverse to 2017 and on the obverse from 2018, while bullion coins kept the soaring eagle. Comparing the two sides against the year's proof design is the quickest way to confirm what you have.
Can you spend a $100 Platinum Eagle?
Technically it's legal tender for $100, but the platinum in it is worth far more than that. Spending one would be a costly mistake.
Mintages from Wikipedia (CC BY-SA 4.0), compiled from US Mint figures. Sources.