Platinum Bullion: Buying Physical Platinum Coins & Bars
Find the best prices for platinum bullion, coins, and bars based on industry bullion dealers. With so many bullion products in the platinum precious metal industry, our database of coins & bars will continue to grow over time. Additionally, Focus on the User features regularly updated platinum metal analysis articles to help you make the right investment choice.
- Platinum Coins
- Platinum Bars
- Platinum Rounds
- Platinum IRA
- Top Platinum Coins List: Best Investments for Collectors and IRA-approved Options
- Top Platinum Bars List: A Comprehensive Guide for Investors and Collectors
- Why Platinum Bullion Investments Beat Inflation
- Benefits of Investing in Platinum Proof Coins
- Why is Platinum Cheap? Considerations Before Investing
- Is It a Good Time to Buy Platinum? The Right Time to Invest
Platinum Bullion Coins and Bars
Platinum is mined in South Africa, where it is a valuable commodity. One of the ways to get platinum coins is via the mints owned by the federal governments of Canada and the United States. In 1997, the United States Mint began issuing the American Platinum Eagle, the mint's first platinum bullion coin.
Because of the high cost and difficulty in refining, only a few variants of platinum coins have been produced. The worth of the platinum coins greatly surpasses the face value of the coin.
Platinum coins tend to move in the same direction as other primary metals. Platinum coins help to enhance your platinum portfolio by using bullion and certified offers in a financially wise approach.
The industrial uses of platinum are a portfolio asset but are nevertheless vital to the automobile sector. With this intrinsic volatility comes periodic and outstanding trading chances.
Platinum prices have risen dramatically since the year 2000 in practically all currencies. Platinum coins are now being offered to investors in larger quantities than before.
As a result of the 2008 financial crisis, there has been an upsurge in the popularity of online platinum dealers offering platinum coins and bullion bars to investors.
Canadian Platinum Maple
In 1988, Canadian Platinum Maple Leaf coins and Canadian Silver Maple Leaf coins were both issued alongside each other. These coins were originally issued in various fractional weights ranging from 1 oz to 1/2 oz.
Nonetheless, that first run ran from 1988 until 2001 until it was discontinued for 8 years. Only the 1 ounce coin was produced in response to the success of the coin series' reappearance in platinum in 2009.
Every Canadian Platinum Maple Leaf coin has the profile of Queen Elizabeth II on the obverse (front side). Her Majesty's effigy appears on the obverse on all Canadian money, and this specific design was designed in 2003 by Susanna Blunt. From 2004 on, it was seen on Canadian coins.
The maple leaf design appears on the obverse (front) of all gold, silver, and platinum coins. In this case, the engraved engravings of the country of issue, purity, and metal content are seen, and the new micro-laser etched radial lines and maple leaf privy.
American Platinum Eagle
American Platinum Eagle Coins first appeared in the U.S. in 1997, after congressional approval and support from the U.S. Mint for weight and composition. All American Platinum Eagle coins depict the Statue of Liberty on the reverse. This combination has .9995 platinum content and one-ounce coins with a face value of $100 (USD), which was the highest face value of any American currency at the time of release.
American Platinum Eagle bullion and proof coins have portraits of freedom as its obverse iconography produced by John Mercanti, the then-chief engraver of the United States Mint. The Liberty image shown on the coin's reverse every year since the Statue of Liberty's likeness inspired 1997.
Rogers' statue, which depicts the American bald eagle soaring above the sun with its spread rays, is also called Eagle Soaring Above America. This coin image has only been used as the obverse (heads) of the Proof American Platinum Eagle since 1997, although it has been retained as the coin's reverse (tails) for bullion coins since then. Rogers designed the two successive designs in the proof series.
In addition to being available in bullion and proof form since 1997, American Platinum Eagle coins have been offered in both versions from that time, including the rare Proof Platinum Eagle coins for collectors. Because lesser mintage numbers are offered, the Proof Platinum Eagle has a different design idea on the reverse each year.
Investing in platinum bars is a popular way to invest. Troy weights are commonly given for bars, although gram weights are available for purchase as well.
While gold bars normally include certificates testifying to their purity, weight, and mint of manufacture, platinum bars also have certificates to verify purity, weight, and manufacturing batch. The scarcity of platinum goods is less than that of gold or silver, and because of this, it is advisable for a buyer who is interested in growing their platinum portfolio to buy the biggest chunks of platinum that are available since this also lowers the premium above spot price.
What is Platinum Bullion?
According to some accounts, platinum was used in Egyptian jewelry for about 200 years before it was designated as a valuable metal in the late 18th century. Platinum is the nickname of the chemical element with atomic number 78 and chemical symbol Pt, which has been called small silver since the Middle Ages.In legends, the Spanish Conquistadors are said to have imagined that the small nuggets of platinum were gold that had not yet been transformed. Due to its vast range of industrial uses, including jewelry, vehicle catalytic converters, and investment, platinum is the rarest of precious metals.
A clear preference for Platinum over Palladium exists among investors and collectors, with the latter being predominantly purchased by jewelers for this reason.
Between 1960 and 1990, demand for platinum grew fivefold due to increases in industrial and auto use. Increases in mining production were met by more efficient mining methods and increased prices, resulting in an average price increase of almost 500% in USD.
Even while demand growth at the start of the century has stopped, mine production has fallen over the previous decade. In 2006, yearly production was 25% lower when platinum producers, who were implementing cost-cutting measures, took part in a three-month South African mine workers' strike, which contributed to an almost complete stoppage of new supply.
It's quite similar to gold in that 5 parts per billion of the earth's crust is made up of platinum, although it is often more concentrated. Reducing the likelihood of discovery has made mining reserves more difficult to locate. Platinum reserves are estimated to be just eight-tenths of the world's remaining unmined gold. That precious metal (platinum) is plentiful within the Bushveld Complex in South Africa, and is among the most expensive locations in the world for gold mining. Over 4 seconds, the world generates more crude steel than it mines platinum.
Gold vs. Platinum
Due to its aesthetic and industrial features, platinum is held in high regard. Because of the rarity of platinum, its price has the potential to increase dramatically, making it a speculative investment.
Investors find it shocking to discover that platinum is far rarer than gold. All of the metal ever mined could fit into a 25-foot-by-25-foot space if it were put into a cube shape with a side length of one foot. It is about twenty times more uncommon than gold, this very thick valuable metal.
Platinum is a riskier investment than gold or silver since the industrial sector drives much of the demand for platinum catalytic converters in vehicles. Investors should be prepared for a period of more volatility, both in terms of higher highs and lower lows. If you are able to endure the rough journey, you may benefit much.
Note-Worthy Tid-Bits About This Metal
- Advising that 5% to 9.5% of an investment portfolio or perhaps more should be allotted to physical assets is common among financial advisers.
- However, sales of platinum bullion from the RCM have surged by more than 50% each year even as the RCM limited its platinum coins each year.
- Due to long-standing tradition and political instability in the region where almost all platinum is mined, this metal has not yet developed into a common currency.
- Compared to the S&P 500, which has had a total return of 48.7%, platinum prices have climbed by 57.8%.
Places to Buy Platinum
Platinum bullion investors should be confident in the transaction, not only because of the price but also because of the conditions of the sale and the dealer they choose. Industry-recognized refiners and producers create platinum bars offered by long-established merchants. When investors sell or purchase platinum bullion via a dealer, they can expect to pay an assay charge to confirm the integrity and validity of the item. The assay tests guarantee the safety of both parties by authenticating the metal. Using a platinum IRA rollover is another way to buy the precious metal but in your retirement account.
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Disclaimer: Content on this website is not intended to be used as financial advice. It is not to be used as a recommendation to buy, sell, or trade an asset that requires a licensed broker. Consult a financial advisor.