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Knocked Off Sale
May 16, 2008

They just went on sale May 5, but already the frisky price of platinum has forced the Mint to suspend sales of the four-coin 2008 platinum proof Eagle set. The set contains 1.85 troy ounces of the precious metal. At today's closing price for platinum of $2,132 an ounce, the four-coin set contains $3,944.20 in precious metal.

Individual proof platinum coins are still available from the Mint.

Gold narrowly missed the $900 mark and closed the week's trading at $899. Silver closed at $16.904.

Does this mean the downward correction in precious metals prices is over?

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Recent Comments
On May 19, 2008 Gary Lawson said
The mint is always there to raise the prices but never around when they should be lowered.

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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