coin value help

hi everyone, I was hoping to find out how much this coin is worth... supposedly its rare. Thanks!

 

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Well, what I can tell you is that it is platinum, which is even more expensive than gold is.....About double almost I do believe, i'm not familiar with that exact design though, have never seen it on any platinum pieces I have owned...Maybe someone else can help you out.

 

thanks for the reply. i am really eager to find out... i have gotten some really outrageous appraisals.

 

Verrrrrrrry interesting! Your coin does not appear to be a genuine Platinum American Eagle, although the obverse is identical to the U.S. platinum bullion coins issued since 1997, issued uncirculated from the Philadelphia mint and in proof from the West Point mint.

The reverse is a whole 'nother bird. The bullion coins (1/10 oz. $10, 1/4 oz. $25, 1/2 oz. $50 and 1 oz. $100 face values) have the "In God We Trust" motto only on the obverse. The reverse has the denomination at the bottom, ".9995 PLATINUM" with the weight at the right, and an eagle with its wings spread wide in flight above a rising sun, across the coin.

I don't have a current Red Book, but Krause gives the uncirculated mintage as 8,007 for 2003, and doesn't give a mintage for the 2003 proofs. The earlier 1 oz. Philly coins are valued at $700-725 and the West Point coins are valued at $750-775 in Krause. Red Book values through 2002 are about the same.

As bullion coins they basically sell for the value of their metal plus a small premium, and multiples of the lower denominations are very slightly higher than the same weight of a higher denomination.

Perhaps ND or one of the other dealers can shed some light.

 

thanks for the thorough response. i am extremely unkinoledgeable about coins and you have shed alot of light on the issue. What or who is ND? and can you point me in the right direction for this? i went to a local appraiser as well as a bank. they both gave me a ridiculously high figure and response. any further advice on where to take this for an accurate appraising would be greatly appreciated. thank you.

 

Doesn't appear to be a coin, or a US Mint issue.
No denomination.

How do you know it's Platinum?

 

and on the back on the far left it reads "5 mil", any ideas of what that means? thanks

 

on the back, on the right side it reads .999 platinum.

 

Sure.
That means it's plated. Not solid.

I doubt that it's worth very much.

 

thanks.... and im surprised you think it holds on value. ive had two unrelated sources quote me for 7 figures.

 

I can assure you that this is a cheap copy of an American Eagle Platinum bullion coin.

It has only a miniscule amount of Platinum.

Sorry, but the words "5 mil" sealed the deal.

 

oh well, at least i know now. thanks for letting me know.

 

You're very welcome, and welcome to CoinTalk.
Stick around. We're all trying to learn and enjoy our hobby.

 

I have absolutly NO knowledge of coins but I'd run with that if selling then for sure

 

Seven figures. That's at least $1,000,000.

I think I would sell.