Platinum American Eagle Coin Facts
Platinum American Eagle coins contain 99.95 percent platinum. The one-ounce coin has a face value of $100 (the largest of any U.S. coin), measures 1.287 inches in diameter and weighs 1.0005 troy ounces. Platinum Eagle coins are considered legal U.S. tender and the weight and purity and guaranteed by the U.S. Treasury Department. Since the beginning in 1997, Platinum American Eagle Proof Coins have had a limited mintage. The are produced at the West Point Mint and feature the "W" mint mark on each coin.
Is That a Typo?
The theme for the reverse design of the 2012 Platinum Eagle is "For the Common Defence." The spelling of the word "defence" is taken from the original text of the Preamble of the Constitution and is different from the common modern spelling of the word "defense."
Can a Trillion Dollar Platinum Eagle Solve the Debt Crisis?
In January 2013, a rush of pundits, experts and media sources reported that the federal government was considering the mintage of a single trillion dollar platinum coin to pay the federal deficit. This seemingly ridiculous idea to mint an ultra-exclusive, one-of-a-kind platinum coin was endorsed by a bevy of respected voices, including Paul Krugman, U.S. Representative Jerry Nadler, Bloomberg’s Josh Barro, The Huffington Post, and even the German paper Süddeutsche. The concept called for Treasury to take advantage of legal technicality. Although the Treasury can’t print money specifically to pay its bills, there is a detail that gives the Treasury the option to mint platinum coins of any denomination. Because of this, it would appear to be perfectly legal to have a single coin minted, then deposited as legal tender in the Treasury’s bank account.
Originally proposed as a lark, fears of a "Fiscal Cliff" crisis made the "Trillion Dollar Coin" worth a second look. “Basically, the trillion-dollar coin would just allow the Treasury, which pays the country's bills, to keep writing checks regardless of what Congress does with the debt ceiling,” explained Henry Blodgett, editor-in-chief of Business Insider.
The Reverse of Each Coin is Completely Unique.
The 1997 Platinum Eagle was the first ever minted and is the only proof with the same reverse design as the circulating version of the coin, which was designed by Thomas D. Rogers, Sr. The 1998 Platinum Eagle Proof was the first in a 5-year series titled Vistas of Liberty, which celebrated the variety of American landscapes. The 2003 Platinum Eagle returned to a more traditional design, overseen by Al Maletsky. It featured a Bald Eagle and the nation's flag on the same coin for the first time. Maletsky’s initials (AM) appear just below the pine branch.