US Mint to Sell Platinum Coins Once Again

Reuters reported that the US Mint plans to start selling American Eagle platinum bullion coins again on March 10 due to “renewed interest from investors and dealers.” It has not sold them for the last four years.

As quoted in the market news:

The U.S. Mint will offer the platinum bullion coins at a 4 percent premium over the spot price. Only 1-ounce coins will be sold, the Mint told authorized dealers in an email on Tuesday that was seen by Reuters.

Tom Jurkowsky, U.S. Mint’s director of corporate communications, told Reuters the Mint notified its authorized purchasers about the platinum coin sales on Tuesday.

The Mint has built up an inventory ahead of the coins going on sale, the email said.

Click here to read the full Reuters report.