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$tarCollector's Blog

15 Jan 2022

Coin Reviews Issue #1: US Platinum Coins

Young Numismatists Exchange | $tarCollector

Coin Reviews First Issue


January 2022

Hey YNs,
The coin series we have to review do today for our January Edition is a small, less known, bullion coin series: the American Platinum Coin series. In other issues, I will feature not a whole series but coins that have a more in-depth history about them. This series has been issued from the late nineties to date and is part of the American Eagle Proof and Bullion Coin series that started in 1986 with gold and silver coins and added one in 1997, platinum, and another in 2017, palladium. Throughout the time these coins have been minted there has been one error in a 2007 coin that commands a high above regular price. This coin was part of the Foundations of Democracy series, and was called the "Executive Branch" coin. One of the many new sets of coins that lasted a few years which showed a new reverse with the proof version and which featured the same obverse by famed coin designer, John Mercanti, and a new reverse. This highly priced proof coin has a unique error, the inscription on the reverse, FREEDOM, was frosted on a few rare coins by accident at the West Point Mint. Most likely the finish on the dies that struck it was not applied correctly causing this error coin to exist. It is called the Frosted Freedom variety by many because of the rare error it has. Becausethe wording, like the ribbon around it, isfrosted, in this variety it blends together more and appear that somebody pressed that inscription in after it left the Mint. That rare error is the only major error that is been seen on any coin in the American Eagle series, because these coins are made with extra care in light of their high value, and because of modern technology, you see less errors in coins than you would have seen 25 years ago.


In 1997, there was only the reverse in proof and uncirculated designed by Thomas D. Rogers Sr. but in 1998 they started the first new proof coin reverse designs series. I have featured, for the ease of the reader, this section with all the series with new reverse designs in their proof finish:

Vistas of Liberty series(1998-2002)
This series featured an American Bald Eagle flying over five geographical areas of the United States including New England, the Southeastern Swampland, the Heartland of America(Great Plains), the American Southwest, and the Pacific Northwest. The designs in this series are beautiful strikes.

Misc. Coinage era(2003-2005)
The time period between 2003 and 2005 the Mint issued three different new reverses on all platinum proofs of those years. The only noticeable similarity between these three is the American Bald Eagle in each one. Other than that these coins featured unique features with no real series name.

Foundations of Democracy series(2006-2008)
The Frosted Freedom coin appeared in this series as did the 10th anniversary set commemorating ten years of the American Eagle Platinum Proof and Bullion coin series. The first design, called "Legislative Branch", kicked off the series, while the second, called "Executive Branch" brought the first error to happen to one of these platinum proofs. The third design, called "Judicial Branch", ended the series and brought on another series.

Preamble to the Constitution series(2009-2014)
These coin reverse designs were named after famous phrases from the Constitution with unique designs to match. The first design was named "To Form a More Perfect Union", the second was named "To Establish Justice", the third was named "To Insure Domestic Tranquility", the fourth was named "To Provide for the Common Defence", the fifth was named "To Promote the General Welfare", and the sixth, with the longest name, was called "To Secure the Blessings of Liberty to Ourselves and Our Posterity", these coins form the largest series the Mint produced for the American Eagle Platinum Proof and Bullion coin series. This large series of coins was twice as big as the average one, a major difference.

Torches of Liberty series(2015-2016)
The shortest series of all of them, this one featured two new designs. The designs were supposed to be about Liberty caring for freedom and the beleifs of America. The first design, "Liberty Nurtures Freedom", and the second design, "Portrait of Liberty", were the last reverse design changes that would be made annually.

During this time two major things happened for this series.
(A). From 2008-2013 because platinum was not being purchased enough, the Mint stopped production of the Platinum Bullion coins until 2014. Then, in 2015 the Mint had to postpone the bullion coins again, for they were not able to buy the planchets needed to produce those exact coins.
(B). In 2017, the Mint changed the reverse and gave a new design of an eagle, and made it so the obverse was changed annually. So in 2017, the old obverse was used for the last time with the new reverse. In 2018, the first new obverse for the series "Preamble to the Declaration of Independence" was created.

Preamble to the Declaration of Independence series(2018-2020)
This was the first series to include a new obverse each year and the 2017 new reverse. The three designs, "Life", "Liberty", and "Pursuit of Happiness", are all famous phrases from the Declaration of Independence. These three together form into the first completed series with a new obverse design each year as opposed to a new reverse design each year on the proofs.

First Amendment to the United States Constitution series(2021---)
This series is still being continued with the obverse designs being named after phrases from the First Amendment of the Constitution with designs that match the names. The first design that is the only one released is called "Freedom of Religion". The next will be named after other phrases.

SOURCES:
Yeoman, R.S. A Guide Book of United States Coins 75th Edition


www.platinumcoinguide.com


www.pcgs.com


www.usacoinbook.com


That is all in this Coin Reviews issue. Thanks for reading,
Novice Numismatics Writing Team This article in this series is written by Novice Numismatics Writing Team

Comments

$tarCollector

Level 4

I am afraid, because of certain circumstances that make it impossible, and being very far past my posted deadline, I will have to cancel the Mid January issue of my Novice Numismatics blog. I know a few of you will not quite enjoy this arrangement but I can do nothing about it. However, the Special Selection blog will be posted tomorrow, although I cannot confirm the exact time of release. Thank you for understanding.

I would like some platinum.

AC coin$

Level 6

You are good or serving currency , you're good try to get particulaly attentio l'm coming to you putting pictures good look my friend .

$tarCollector

Level 4

I am planning for the release date of my Novice Numismatics blog to be Jan. 17 at 12:00 P.M. for more info on why I had to postpone it directly contact me.

CheerioCoins

Level 5

Great blog. As Mike said lots of coins have interesting stories and you can research them in a wide variety. Thanks for sharing!

Mike

Level 7

First every coin tells a story. I have learned more history researching coins than anything else. Platinum nice price no way.. I believe that platinum is a status symbol. Those who own it like to tell us.

Longstrider

Level 6

Like on South Park. They are called "fart sniffers". They like the smell of their own farts. Like a fine wine. I can't believe I remember that.

$tarCollector

Level 4

I would like to inform you that do to a few minor setbacks I cannot release my main Novice Numismatics blog but have issued this one for now. I hope by tomorrow I will be able to get back on schedule.

$tarCollector

Level 4

Sorry about the lack of sources, I was to caught up in publishing it to remember.

Kepi

Level 6

Maybe you could add them now... ; )

Long Beard

Level 5

Interesting blog read. I would agree with Kepi, like to add one for the design aspect but price is the inhibitor. I will say that of all the cameo proofs (silver, palladium and nickel), none match the true white frosted look of platinum.

I. R. Bama

Level 5

I am a pre contemplator when it comes to buying platinum coins.

Kepi

Level 6

Some Platinum coins would be nice in my collection, but a bit pricey! ; ) Maybe you could source this article for us...

Golfer

Level 5

Interesting. Nice blog with great information. Platinum coins are not in my collection. Would like some platinum.

AC coin$

Level 6

Great Review and detailed information . If I was a professor l would give You an A . Thanks

Longstrider

Level 6

Platinum coins are a bit out of my price range for know. Nice blog. How about a sources list and photos if you can?

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