The U.S. Mint Considering Stopping Production Of The 2024 American Platinum Eagle Bullion Coin!

[@bunymustard2584]

Maybe if the US mint didn't price their platinum around $1500 an Oz, they'd sell more

[@ThePlatinumBeast]

That is true!

[@TheMidnightGardener13]

The way I see it, the industrial use is planned & expected to rise so they may be cutting Pt out of their minting if the Pt supplies are being hoarded by large industries and manufacturers. If this scenario is the case, than the US Mint may not think people will have the cash or be in the market for Pt coins if Platinum catches up to Gold or even surpasses it (considering Pt is twice as rare as Au). Just a thought, but one I’m going to bet on by buying more Platinum ounces shortly, and if it doesn’t go that way (yet ;) then I still have more P(t)recious Metals in my stack! 🍻

[@shadowork_]

I like your style 👈😎👈

[@TheMidnightGardener13]

@@shadowork_ Cheers! 🍻

[@lepton31415]

I think you're right. we are seeing auto manufacturers switching from EV to hybrids which actually use more catalyst than traditional ICE cars

[@ThePlatinumBeast]

That. Could very well be it as well!

[@KentChannelTV]

Greetings from Russia! Yes, it was nice to look at the platinum coin. We have not minted such coins for many years, although they were issued in the 90s and in the USSR, recently showed on his channel the rarest coin of Russia, with a circulation of 900 pieces of platinum, the Russian ballet. I really like it and now it's in my collection =)

[@truckinprepper8743]

900 ! Congrats! . Russian bullion hard to find in the US..

[@ThePlatinumBeast]

thank you! i hope to have a balllerina one day!

[@Death_From_Below]

It would be a shame to stop production but I don't buy the full ounce anyway. The proof series with it's changing reverse was way more interesting.

[@ThePlatinumBeast]

I think so too!

[@PistolPackingPilot]

I’m working my way backwards. 19 oz. more to go and I’ll have every year.

[@ThePlatinumBeast]

Very nice!

[@thurkanonlyb1]

if they are im gonna get one. i been holding off for a while.

[@ThePlatinumBeast]

Probably smart!

[@platinumgnome3887]

If they due stop minting the pt. Eagle ill just be buying the Britannia lol

[@FromAmericaToJapan]

Same, well and maples lol

[@ThePlatinumBeast]

Same haha

[@shanejones578]

I prefer the Australian coins

[@lamarravery4094]

Premiums have been going up on platinum lately.

[@ThePlatinumBeast]

they seem to be!

[@shadowork_]

Thanks! I'll be looking to add a 23' eagle before any official news comes out

[@FromAmericaToJapan]

2024 is out already, though sold out on the sites I checked recently, 2023 is sold out as well.

[@shadowork_]

@@FromAmericaToJapan thanks!

[@FromAmericaToJapan]

@@shadowork_ no prob you can buy random year platinum eagles still though.

[@ThePlatinumBeast]

Smart move!

[@chaunceyhart1346]

I wonder if this will send premiums for back dated platinum eagles soaring?

[@JC-Jason-DK]

I think there is a shortage of platinum blanks!

[@ThePlatinumBeast]

that could very well be!

[@t0psh0t415]

Where are you buy your platinum from?

[@ThePlatinumBeast]

Most liberty coin on eBay!

[@brironmanbtl1162]

Thanks Beast!

[@ThePlatinumBeast]

Anytime!

[@QuadTap]

75% of platinum eagle stack is 2023

[@ThePlatinumBeast]

Nice!

[@trentsuveges7622]

Platinum eagles might be a good play this summer since gold qnd siler are up

[@ThePlatinumBeast]

I think so too!

[@FromAmericaToJapan]

But they already did mint them. I ordered one online from SD bullion. Though now they are sold out. Now will they mint more I don’t know 🤷‍♂️

[@ThePlatinumBeast]

Huh first I’m hearing about that!

[@coretmanus4688]

Question, why is this referred to as a platinum “Eagle”? The bird is a California Condor.

[@ThePlatinumBeast]

i honestly do not know haha!

[@barbpatch6181]

In February they release the Right to Assemble platinum proof eagle, high premium but I love the coin design

[@ThePlatinumBeast]

That design is awesome!

[@CoinsAZ]

This is interesting. Bottom line for any reputable mint is making money. If the U.S. Mint doesn't strike BU Platinum Eagles in 2024, it's likely one of 2 reasons: 1. Blank availability is low 2. They're prioritizing other products because demand isn't sufficient to justify high production costs It will be interesting to see if they strike proof Platinum Eagles in 2024. If not, this would be the first time ever that they didn't produce a proof Platinum Eagle since the series began.

[@FromAmericaToJapan]

They already made a batch of 2024 though. They were offered online, though now they are sold out.

[@GoldAddict]

What about the situation in the world court with the genocide of the Palestinian people…this was started by South Africa…and the United States is a big supporter of Israel…so it may be a sanctions thing going on…I am not a supporter of Israel by the way…but I know that there is a serious situation going in that might bring on sanctions against the US by SA or vice versa

[@CoinsAZ]

@GoldAddict That's an interesting angle I never considered. 👍 👍 👍

[@josephpurdy8390]

The United States Mint is a government agency, and not a business.

[@CoinsAZ]

@josephpurdy8390 But as far as I'm aware, they still need to financially justify producing bullion and collector products. That would mean they're required to turn a profit. After all, if profit was irrelevant then they'd still be producing a shit load of bullion products that they'd discontinued producing.

[@stephanelutz6243]

Like it or not Bitcoin is the only coin you will need.

[@FromAmericaToJapan]

XRP & platinum

[@KevinSorbo.]

I'll skip on pretend coins like most people

[@lepton31415]

man-made money has a 100% failure rate. also I don't know anyone who has Bitcoin or even knows what it is. I do know people who know what gold and silver are.

[@KevinSorbo.]

@@lepton31415 gold and silver is made up money. It's hunks of metal. Metal isn't worth jack unless someone needs the metal. It's hard enough to sell as is in a normal world imagine how hard it will be to sell later... No one's going to trade food or weapons for a chunk of metal either especially if the world is falling apart

[@ThePlatinumBeast]

I disagree but that’s ok!

[@vktravellog1242]

There is no 2024😢

[@Jack-hy1zq]

"It's anybody's guess" is not quality information.

[@ThePlatinumBeast]

I reckon you’re right!

[@thomasjefferson4358]

I think the US Mint has an obligation to at least finish a series, like the current First Ammendment Series that ends in 2025.

[@tokertalk9648]

Demand for eagles may have gone down due to the fact there's so many other options for platinum bullion now.

[@ThePlatinumBeast]

That is a great point!