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Platinum Unc. Eagle Sales Creep Ahead
November 04, 2008

The new platinum numbers were released by the Mint. Drum roll please.

The one-ounce 2008 uncirculated "W" platinum American Eagle saw sales rise by 67 coins to 393. It sounds more exciting if I write that total cumulative sales rose by 20 percent.

There was an increase of 33 coins for the half-ounce size, taking the total to 802.

For the quarter ounce, the increase was smaller still, just 23 coins. The total stands at 2,138.

For the much-watched tenth ounce, the Mint actually reduced the total that has been sold by 38 coins to 2,500 even.

Interestingly, the increase in the four-coin set was the largest individual number at 138, bringing the total cumulative sales to 1,191 sets.

Adding up all of the issue prices we get sales of $415,571.95 for the week. If we subtract the backward March of the tenth ounce, the net total sales for the past week amounts to $410,443.85.

In an age of $700 billion bank bailouts, that number seems rather small.

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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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