U.S. Mint bullion coins are legal tender that carry face values reflecting their issue and monetized value. However, these face values do not reflect the coins' intrinsic value, which is, of course, much greater. True value is mainly dictated by a coin's troy weight and the current precious metal price. For example, the one-ounce American Gold Eagle carries a denomination of $50, but it is comprised of almost $1,700 worth of gold. If a $1 trillion coin were minted in roughly the size of a silver dollar, this relationship would have been reversed. The $1 trillion denomination would have far exceeded the actual intrinsic value of the precious metal.
Currently, American Platinum Eagles come in 1/10, 1/4, 1/2 and 1 ounce versions with denominations of $10, $25, $50 and $100 respectively. These coins were first released in 1997 and are still selling well today. The value of platinum is on the rise, and even exceeded the value of gold recently for the first time in 10 months. Interested in investing in platinum?
Come see us at West Seattle Coins and Bellevue Rare Coins. We have a large selection of U.S. Mint products, including platinum bullion.