1oz American Eagle Platinum Coin

The American Eagle platinum coin is the official platinum bullion coin of the United States. It contains one troy ounce of .9995 fine platinum and carries a face value of one hundred dollars. On this page you can compare live offers for the 1oz American Eagle Platinum Coin from several US dealers, sorted by the final price.

What is the American Eagle platinum coin?

The United States Mint first issued the coin in 1997, after Congress authorized a platinum bullion program in 1996. It was the first platinum bullion coin from the US government, and it is still the only one. Dealers usually sell it as “random year”, so the date on your coin depends on stock.

Specifications

• Metal content: 1 troy ounce of platinum
• Purity: .9995 fine platinum (Pt .9995)
• Weight: 31.120 g
• Diameter: 32.70 mm
• Face value: one hundred US dollars, the highest denomination in US coinage
• Issuer: United States Mint

The obverse shows the Statue of Liberty. The bullion reverse shows an eagle in flight above the rising sun, with the inscriptions for weight and purity.

Who should consider a platinum eagle?

Why add platinum when gold and silver are easier to find? Platinum follows its own market, driven largely by industrial and automotive demand, so it moves differently from gold.

• Investors who want diversification across more than one precious metal.
• Buyers who prefer government coins with legal tender status over private bars.
• IRA savers. American Eagle platinum coins are among the coins that can be held in a self-directed precious metals IRA through an approved custodian.

Check the current platinum price or the platinum price per gram before you compare offers.

What to check before you buy

Premium over spot

How much above the metal value are you paying? Platinum coins usually carry a higher premium than gold coins of the same weight, because fewer coins are struck and the market is smaller. Compare the offers in the table and read our guide to the premium over spot, the same logic applies to platinum.

Condition and year

• “Random year” offers are the standard bullion choice and usually the cheapest.
• Graded coins (for example MS70) and proof coins cost more and are collector products, not standard bullion.
• Coins sold as “off quality” may have spots or marks. The metal content is the same, but resale can be harder.

Shipping, payment and authenticity

• Bank wire or check is often cheaper than card or PayPal.
• Insured, tracked shipping should be included.
• Buy from established dealers and keep the invoice.

Taxes on platinum coins in the United States

Sales tax on bullion is set by each state. Many states exempt investment coins, others tax them, and some apply limits by order size. Your dealer charges tax based on the delivery address.

For federal income tax, the IRS treats physical precious metals as collectibles, and long-term gains on collectibles can be taxed at a higher maximum rate than gains on stocks. Keep your invoices to document your cost basis.

Platinum eagle vs American Eagle gold coin

• Both are issued by the United States Mint and are legal tender.
• The 1oz American Eagle Gold Coin is made of 22 karat gold, while the platinum version is .9995 fine platinum.
• The gold eagle is far more common, so it is easier to find and usually carries a lower premium.
• Platinum adds exposure to a different metal with its own supply and demand.

More platinum products are listed in the platinum coins category.