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Thursday, November 12, 2009

Platinum American Eagles For Collecting And Investing

By Gerald Hampton

The official United States platinum bullion coin is the American Platinum Eagles. First released in'97 by the United States Mint, the coin consists of. 9995 platinum and can be purchased in 1/10, 1/4, 1/2 or 1 troy ounces. The United States Congress has fully authorized this beautiful coin, and the U. S. Mint backs it for content and weight.

Coin collectors can buy uncirculated coins called proof coins. The proof coins have graphics that change each year.

The drawing made by Augustus Saint-Gaudens was used on the $20 gold piece from'07 to'33. Coins in'86 saw the drawing reintroduced. The coins can be bought in proof or bullion. Certain coins picture the drawing Walking Liberty by Adolph A. Weinman. The drawing was done in'16 to grace the newly created 1/2 dollar.

Vistas of Liberty graphics were available for purchase from'98 through 2002 on the proofs of the American Platinum Eagle. Regardless of what was changed about the coin the bald eagle has always appeared on one side with differing areas of the U. S. Each year. In 2006, the graphic changed to the three branches of government. Each year through 2008 a different branch was represented. The graphics were called the The Foundations of Democracy. All denominations have the yearly design. These coins are the only ones with changing graphics every year.

Other proof types of coins are available through the United States Mint. A special process is required for these coins that starts with blank coins being inserted into presses that have certain pigments in them. After being hit a couple of times to make the frosted attribute seem to glide over a mirror type field. The coins are then inspected, sealed in plastic and placed in frames with their respective Certificate of Authenticity. The U. S. Mint guarantees that each and every coin will be exactly the same.

The United States Mint decided to add another American Eagle family to the coin collection in 2006. These are the uncirculated coins.

Available only in a 1 ounce size is the only difference between the two. Any of the other American Eagle Uncirculated Coins can be purchased in varying sizes.

Proof coins and uncirculated coins go through almost the exact same process. The main difference is the uncirculated coins are stamped with a W to show that they were minted at West Point.

These coins have their good and bad sides to them. They can be placed in IRA accounts because they are considered commodities due to their metal content. Rare coins are not normally allowed to be placed in investment accounts, but because they are valued on the metal content, collector coins themselves are not expected to increase in value. - 23167

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