Saturday, Apr 18, 2015Saturday, Apr 18, 2015

US Mint to sell platinum coins again on dealer demand

Published on Mar 6, 2014 4:42 AM

NEW YORK (REUTERS) - The US Mint said it will resume selling its American Eagle platinum bullion coins on March 10, ending a four-year exit from the market, due to renewed interest from investors and dealers.

The US Mint will offer the platinum bullion coins at a 4 per cent premium over the spot price. Only 1-ounce coins will be sold, the Mint told authorized dealers in an email on Tuesday that was seen by Reuters.

Tom Jurkowsky, US Mint's director of corporate communications, told Reuters the Mint notified its authorized purchasers about the platinum coin sales on Tuesday.

The Mint has built up an inventory ahead of the coins going on sale, the email said.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!