| Coin | Platinum Tenth-Ounce 1999 American Eagle, Proof |
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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 tenth-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 Tenth-Ounce is denominated with a face value of $10, 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.
American Eagles are popular with investors in the US because they are "IRA approved" - meaning that they can be included in an "Individual Retirement Account" (IRA) which can allow the investor to claim tax benefits when the coins are sold at a profit through a discounted tax rate on the capital gains.
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| Obverse | |
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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: 1999. 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. |
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| Reverse | |
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The reverse design of the coin depicts a bald eagle flying above southeastern wetlands, and an alligator crawling out of a swamp below. The W mint mark of the West Point Mint is below right.
Around above, the inscription UNITED STATES OF AMERICA.
On three lines in the right field, the precious metal content: .9995 PLATINUM 1/10 oz. (one tenth of a troy ounce of 99.95% platinum).
In the exergue, the face value $10 (ten U.S. dollars). |
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| Edge | Milled | Edge Inscription | None |
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| Notes | Finish: proof.
The 1999-W platinum tenth-ounce was issued individually boxed in a black velvet booklet-style folder with a Certificate of Authenticity, or in a four-coin set. |
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