Description
Title: 2006 1/10 oz American Platinum Eagle – NGC MS70
Overview:
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Year: 2006
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Metal Content: 1/10 troy ounce of .9995 pure platinum
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Mint: United States Mint
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Series: American Platinum Eagle
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Grade: MS70 (Mint State 70) by Numismatic Guaranty Corporation (NGC)
Design:
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Obverse:
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Features a portrait of the Statue of Liberty, designed by John M. Mercanti. It shows Liberty’s face in high relief with inscriptions “LIBERTY,” “IN GOD WE TRUST,” and the year “2006.”
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Reverse:
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For 2006, the reverse design depicts the bald eagle with the Statue of Liberty in the background, symbolizing freedom. The inscriptions include “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “1/10 OZ.,” “.9995 PLATINUM,” and “10 DOLLARS.”
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Specifications:
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Weight: 3.11 grams
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Diameter: 16.5 mm
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Edge: Reeded
Condition and Grading:
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MS70: This grade signifies the coin is in perfect condition with full, original mint luster and no post-production imperfections at 5x magnification. It’s the highest grade possible, indicating not only perfect technical preservation but also exceptional eye appeal.
Mintage:
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The American Platinum Eagle series, especially in lower denominations like 1/10 oz, typically has a lower mintage compared to larger denominations, which adds to its rarity. However, exact mintage numbers for this particular year and denomination might vary, but they’re generally produced in limited quantities.
Investment and Collectibility:
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Investment: Contains a significant amount of platinum for its size, enhancing its appeal as an investment in precious metals.
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Collectibility: The coin is part of a series known for its artistic value, the rarity of its grade, and its annual design changes, making it highly collectible. An MS70 grade significantly increases its numismatic value.
Why Collect:
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Historical Significance: Represents American iconography with the Statue of Liberty and the bald eagle, symbols of freedom and national pride.
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Perfect Condition: The MS70 grade ensures that the coin is in pristine condition, making it a pinnacle piece for collectors.
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Limited Mintage: Fractional Platinum Eagles, especially in proof or mint condition, are less common, adding to their desirability.
Market Sentiment:
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High-grade Platinum Eagles like this are prized for their perfection, rarity, and as an investment in platinum, which is less traded than gold or silver, potentially offering unique investment opportunities.
Note:
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This coin’s value extends beyond its platinum content, enhanced by its perfect condition, limited production, and the prestige associated with its certification from NGC. Always check with dealers or the U.S. Mint for the most current information regarding mintage and availability.
This description aims to convey the allure of the 2006 1/10 oz American Platinum Eagle for collectors and investors interested in high-quality, limited edition platinum coins with historical and numismatic significance.