Description
1/10 oz American Platinum Eagle NGC MS70:
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Overview:
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Series Background: The American Platinum Eagle series, introduced by the United States Mint in 1997, is one of the few government-backed platinum coins available. It offers investors and collectors a high-purity platinum coin with legal tender status, symbolizing American excellence in precious metal coinage.
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Significance: The 1/10 oz denomination provides an accessible entry point into platinum investment, known for its rarity and industrial demand, making it a valuable addition to any precious metal portfolio.
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Design:
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Obverse: Features an adaptation of Augustus Saint-Gaudens’ iconic full-length figure of Lady Liberty, similar to that seen on the Gold Double Eagle. She holds a torch in her right hand and an olive branch in her left, with the Capitol building depicted in the background. Inscriptions include “LIBERTY,” the coin’s date, and “IN GOD WE TRUST.”
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Reverse: Shows the bald eagle, a national emblem, with a shield on its breast and perched on a bundle of arrows, the olive branch held in its talons. Surrounding elements include “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “1/10 OZ.,” “PLATINUM,” and “10 DOLLARS.”
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Specifications:
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Weight: Contains 1/10 troy ounce of .9995 fine platinum, which is equivalent to approximately 3.11 grams of platinum, making it one of the smallest denominations in the American Platinum Eagle series.
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Diameter: Approximately 16.5 mm, designed for ease of handling and storage.
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Certification:
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NGC MS70: This coin has been graded as Mint State 70 by theNumismatic Guaranty Corporation (NGC), indicating it’s in perfect condition with no visible imperfections under 5x magnification. This grade is the highest possible for a mint state coin, adding significant numismatic value due to its rarity in such pristine condition.
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Investment and Collectibility:
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Value: While its primary value stems from its platinum content, the MS70 grade elevates its collectible status due to the coin’s flawless condition. Platinum’s unique position in both investment and industrial markets further enhances its appeal.
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Rarity: Although the American Platinum Eagle isn’t rare in terms of mintage, finding a coin in perfect condition like this is exceptional, making it highly sought after by collectors and investors.
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Cultural and Historical Significance:
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The design reflects American values of freedom, strength, and peace, symbolized by Lady Liberty and the bald eagle. The coin’s introduction also marked a significant moment in U.S. Mint’s history, offering platinum as an alternative to gold and silver.
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Market Sentiment:
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Enthusiasts often discuss the coin’s condition, the craftsmanship of the design, and platinum’s role in the precious metals market. The MS70 grade makes it a focal point for those interested in high-quality, uncirculated specimens.
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Conclusion:
The 1/10 oz American Platinum Eagle NGC MS70 represents the pinnacle of platinum coin collecting, combining the intrinsic value of platinum with the collectible allure of aperfect mint state coin. This piece not only serves as an investment in one of the least volatile precious metals but also stands as a testament to American numismatic art.
Owning such a coin means possessing a rare item where the beauty of its design meets the perfection of its condition, offering both a tangible asset and a collector’s item of the highest caliber. Whether for its potential for value appreciation, its significance in the precious metals market, or its place in American coinage history, the 1/10 oz American Platinum Eagle NGC MS70 is an exceptional addition to any collection or investment portfolio, encapsulating the essence of American numismatic excellence and the allure of platinum investment. -
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