|Coin||Platinum Quarter Ounce 1998 American Eagle, Bullion|
The American Platinum Eagle is the official platinum bullion coin of the United States. The coins were initially released by the United States Mint in several sizes and denominations - including the quarter ounce, but in late 2008 the fractional denominations were discontinued leaving only the one ounce. The Platinum Eagle is authorised by the United States Congress, and is backed by the United States Mint for weight, content, and purity. The Platinum Quarter Ounce is denominated with a face value of $25, but the intrinsic value of the metal is significantly higher.
After the first year of issue, there were two versions of the coin issued annually: bullion with the "definitive" soaring eagle reverse, and a proof with a different design every year.
1998 was the first year in which the design for the bullion coin (this one) diverged from that of the proof version.
Within a plain rim, the obverse of the coin shows the close-up bust of the Statue of Liberty. Around above in large letters, the word LIBERTY is partly obscured by the rays of Liberty's diadem.
In the right field, the date of issue: 1998. On three lines below that, the national motto IN GOD WE TRUST.
The designer's monogram JM, for John M. Mercanti, is above Liberty's shoulder on the left.
Around below left, the motto E PLURIBUS UNUM; translated from Latin, it means "Out of many, one" and signifies unity in diversity.
The reverse design depicts an American eagle with outstretched wings soaring in the sky; behind, a sunrise, with the Sun's rays radiating behind the eagle.
On two lines above, the inscription UNITED STATES OF AMERICA.
On three lines in the right field, the precious metal content: .9995 PLATINUM 1/4 oz. (one quarter of a troy ounce of 99.95% platinum).
In the exergue, the face value $25 (twenty-five U.S. dollars).
In small letters near the rim around below right, the designer's initials TDR (for Thomas D. Rogers).
Finish: bullion (Brilliant Uncirculated).
Multiples of 40 are packaged in mint tubes.