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Mint Removes One-Tenth Ounce Platinum
By CoinNews.net

The United States Mint on Tuesday removed its newly discounted one-tenth ounce 2008 American Eagle Platinum Uncirculated Coin from its online store. Indicators suggest a potential price-driven sellout, with any remaining coins held for inclusion in the Mintís four-coin platinum set, which includes the one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce sized coins.

The series of collector eagle platinum coins were returned at reduced prices only Friday after a long sales suspension ó the coins were pulled in August due to volatile platinum prices.

Collectors who purchased the 1/10-ounce collector coin at the new price paid $134.95. That was less than what the Mint charged in 2007 and substantially lower than the Mintís initial 2008 price tag of $259.95. Then again, platinum prices have also plunged recently. New York platinum closed on Tuesday at $898 per ounce, which is well off its $2,252 high set earlier this year.

Collectors will now need to turn their attention to higher priced platinum sizes, although the Mintís percent premiums are stepped lower as the coinís weight increases.

The proof 1/10 ounce coin is still available, as are all other sizes within the proof and uncirculated series.
 



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