The American Platinum Eagle is the official platinum bullion coin of the United States. The coins were first released by the United States Mint in 1997. It is offered in 1/10, 1/4, 1/2, and 1 troy oz varieties and consists of .9995 fine platinum. The American Platinum Eagle is authorized by the United States Congress, and is backed by the United States Mint for weight and content.
Proof and uncirculated versions of the coins are also 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 on the reverse.
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.
Read more about American Platinum Eagle: Specifications, Reverse of Proof Coins, Mintage Figures
Famous quotes containing the words american, platinum and/or eagle:
“No man is good enough to govern another man, without that other’s consent. I say this is the leading principle—the sheet anchor of American republicanism.”
—Abraham Lincoln (1809–1865)
“Flouncing your skirts, you blueness of joy, you flirt of
politeness,
You leap, you intelligence, essence of wheelness with silvery nose,
And your platinum clocks of excitement stir like the hairs of a
fern.”
—Karl Shapiro (b. 1913)
“If the Americans, in addition to the eagle and the Stars and Stripes and the more unofficial symbols of bison, moose and Indian, should ever need another emblem, one which is friendly and pleasant, then I think they should choose the grapefruit. Or rather the half grapefruit, for this fruit only comes in halves, I believe. Practically speaking, it is always yellow, always just as fresh and well served. And it always comes at the same, still hopeful hour of the morning.”
—Johan Huizinga (1872–1945)