Description
The 2016 Proof Platinum Eagle would represent the second and final issue within a two-year series of reverse designs featuring innovative and beautiful representations of the nation’s core values of liberty and freedom. The reverse, which was designed by Paul C. Bilan and engraved by Joseph Menna, features an image of Liberty in a flowing robe holding a torch in her right hand to symbolize enlightenment and an olive branch in her left hand to symbolize peace. The branch contains thirteen olives, which are intended to represent the original thirteen colonies. A bald eagle with wings outstretched appears in the background. The inscriptions read “United States of America”, “.9995 Platinum 1 Oz.”, and the denomination “$100”.
The proof coin would be struck in one ounce size only at the West Point Mint with a maximum mintage of 10,000 pieces. The sales price of $1,350 per coin was based on the weekly average market price of platinum coinciding with the release date. Despite the significantly higher mintage level compared to the prior year and an ordering limit of only one per household, the coins achieved a sell out within the first hour of availability. When the dust settled, the last reported sales for the product were 9,151, due to the impact of returns and order cancellations.
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