User:Sushain97/sandbox
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The American Platinum Eagle is the official platinum bullion coin of the United States. In 1995, Director of the United States Mint Philip N. Diehl, American Numismatic Association President David L. Ganz, and Platinum Guild International Executive Director Jacques Luben began the legislative process of creating the Platinum Eagle. After over two years of work, the 99.95% fine platinum coins were released by the United States Mint in 1⁄10, 1⁄4, 1⁄2 and 1 troy oz varieties. In late 2008, the fractional varieties were discontinued, leaving only the one ounce denomination.[3] The Platinum Eagle is authorized by the United States Congress,[4] and is backed by the United States Mint for weight, content, and purity.
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United States | |
Value | 10–100 U.S. dollars (face value); see denominations |
---|---|
Edge | Reeded |
Composition | 99.95% Pt |
Years of minting | 1997–2008, 2014, 2016–present (bullion) 1997–present (proof) 2006–2008 (uncirculated) |
Obverse | |
Bullion (1997–present), Proof (1997–2017) | |
Design | "Liberty Looking to the Future"[1] |
Designer | John Mercanti |
Design date | 1997 |
Reverse | |
Bullion (1997–present), Proof (2017) | |
Design | "Soaring Eagle over America" |
Designer | Thomas D. Rogers |
Design date | 1997 |
Proof (2018–present) | |
Design | Flying eagle with olive branch |
Designer | Patricia Lucas-Morris[2] |
Design date | 2018 |
Proof versions of the coins are made for coin collectors. The proof American Platinum Eagles are unique in the fact that they are the only U.S. bullion coins that have a yearly alternating design. Bullion versions are minted with the same design every year. While minted, the uncirculated Platinum Eagles matched the proof designs and were struck on burnished coin blanks with a "W" mint mark signifying West Point, further distinguishing them from the bullion versions.[5]
Because it may be considered commodity platinum rather than a rare coin, the American Platinum Eagle may be placed in an Individual Retirement Account in the United States. Collectibles such as rare coins and dolls are forbidden from being held in such an account. Thus, the United States Securities and Exchange Commission believes that the Platinum Eagle will not appreciate beyond its metal value.[citation needed]