Friday, September 20, 2013

2002-W American Eagle $10 Platinum Bullion

Platinum is more rare and more valuable than gold. It is also denser and less reactive so it is great for scientific purposes. It looks just like silver when polished and that is what the Spanish called it platina or little silver.

Starting in 1997 the U.S. Mint began producing platinum bullion coins. The most affordable was the $10 tenth ounce platinum coin. It featured the Statue of Liberty on the front with the date. The reverse had a flying eagle in the wild with the W mint mark, the value, and the purity of .9995 platinum 1/10 oz. Of course all the other American coin mottos are also there.

These days you rarely see the full original package sold with these coins. The reason is that most of these coins were immediately torn out the package and sent to be graded. They were such high quality that most graded a perfect 70. So any platinum in the raw, even proofs just have metal value.

I have seen perfect 70 platinum coins selling for $450 meaning at a metal value of $143 that anything under a 68 grade is common. For a coin that averaged 12,000 minted it seems odd but that is the nature of coin collecting.

Here's the stats...
Type/Country: 5 Dollar / United States
Year: 2002 W
Mintage: 12,365
Metal: 99.95% Platinum, 0.05% ????
Value: $143.30 in ungraded, $225 if graded above 68

I would love to know what is the rest of the coin's composition is it silver or copper or a mix?

Do you have a gold coin and want to know its value? Leave a comment / question and I will do my best to find out the price and history for you.

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