Platinum Coins: Invest in Platinum Bullion Coins, Add to IRA, Buy Online
Platinum bullion coins are a unique form of investment. They are recognized globally for their high purity, usually 99.95% platinum, and are considered legal tender. Different national mints produce these coins in various denominations, most commonly from 1/10 oz to 1 oz. Their scarcity, government backing, and industrial applications make them a desirable asset for both investors.
American Eagle Platinum Coin
The American Eagle Platinum Coin, minted by the United States Mint since 1997, is a prominent choice among platinum bullion coins. It comes in denominations of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz, all containing 99.95% pure platinum. The coin features the Statue of Liberty on the obverse and an eagle on the reverse, with designs that vary slightly each year.
Canadian Maple Leaf Platinum Coins
The Canadian Maple Leaf Platinum Coins, produced by the Royal Canadian Mint, are known for their purity of 99.95% platinum. Since their introduction in 1988, these coins have been available in various weights, including 1 oz and smaller fractions. The obverse of the coin depicts Queen Elizabeth II, and the reverse features the iconic Canadian Maple Leaf.
Australian Kangaroo Platinum Coins
The Australian Kangaroo Platinum Coins, minted by the Perth Mint, are made of 99.95% pure platinum. Released in 2018, these coins are primarily available in 1 oz denominations. The design, featuring the Australian kangaroo, is unique each year, adding to the coin’s appeal.
Australian Koala Platinum Coins
Issued by the Perth Mint, the Australian Koala Platinum Coins are composed of 99.95% pure platinum. Introduced in 1988, they are mainly available in 1 oz weights. The coins showcase Queen Elizabeth II on the obverse and a koala, with annually changing designs, on the reverse.
Australian Platypus Platinum Coins
The Australian Platypus Platinum Coins, also from the Perth Mint, consist of 99.95% platinum. First released in 2011, they are typically minted in 1 oz denominations. The coin features Queen Elizabeth II on the obverse and a unique platypus design on the reverse.
Australian Lunar Platinum Coins
Part of the Lunar series, the Australian Lunar Platinum Coins are minted by the Perth Mint with 99.95% platinum. These coins are issued annually with designs corresponding to the Chinese Zodiac. Commonly available in 1 oz sizes, each coin’s reverse showcases a different zodiac animal each year, while the obverse displays Queen Elizabeth II.
British Britannia Platinum Coins
The British Britannia Platinum Coins, produced by the Royal Mint of the United Kingdom, maintain a platinum purity of 99.95%. They were first issued in 2018 and are mainly found in 1 oz weights. The coins are distinguished by the effigy of Queen Elizabeth II on the obverse and the iconic Britannia figure on the reverse.
Isle of Man Noble Platinum Coins
Introduced in 1983 by the Pobjoy Mint, the Isle of Man Noble Platinum Coins are notable for being among the first platinum bullion coins. These non-denominated coins come in several sizes, including 1 oz, and are composed of 99.95% platinum. The design features a Viking Longship on the reverse, representing the Isle of Man's Norse heritage, and Queen Elizabeth II on the obverse.
Austrian Philharmonic Platinum Coins
The Austrian Philharmonic Platinum Coins, issued by the Austrian Mint, consist of 99.95% pure platinum. Launched in 2016, they are typically available in 1 oz denominations. The reverse of the coin displays musical instruments representing the Vienna Philharmonic Orchestra, while the Great Organ of the Vienna Musikverein graces the obverse.
South African Krugerrand Platinum Coins
The South African Krugerrand Platinum Coins, produced by the South African Mint, have a platinum purity of 99.95%. Introduced in 2017, these coins are predominantly minted in 1 oz weights. The obverse features a depiction of former South African President Paul Kruger, and the reverse showcases the Springbok antelope, a national emblem.
South African Big Five Platinum Coins
Minted by the South African Mint, the South African Big Five Platinum Coins are composed of 99.95% platinum. Starting in 2019, this series spotlights the "Big Five" African animals (lion, leopard, elephant, buffalo, and rhino), with each coin focusing on a different animal. These 1 oz coins feature the face of the highlighted animal on the obverse and the South African Coat of Arms on the reverse.
Investing in a Platinum Coin IRA
Platinum coins in IRAs provide a tax-advantaged way to invest in precious metals. Adhering to IRS regulations regarding the purity and storage of platinum coins in IRAs is essential.
How Platinum Prices Affect Platinum Coin Values
The value of platinum coins is closely linked to the market price of platinum. Increases in platinum's spot price typically lead to a rise in the value of platinum coins. Other factors, such as rarity, coin condition, and demand, also influence their value, particularly for numismatic or rare issues. Monitoring market trends and economic factors affecting platinum prices is crucial for investors to understand and anticipate changes in their platinum coin investments. Some consider platinum to be cheap in price but other analysts aren't show sure that'll stay that way.
Most Popular Platinum Coins For Investors
The American Eagle, Canadian Maple Leaf, and Australian Koala are among the most sought-after platinum coins for investors due to their high purity, government backing, and global recognition. The popularity and demand for specific platinum coins can influence their availability and premium over the spot price of platinum.
Incorporating Platinum Coins in Retirement Portfolio
Adding platinum coins to a retirement portfolio through a platinum IRA rollover offers diversification, potentially reducing risk and exposure to market volatility. Platinum coins eligible for retirement portfolios, especially IRAs, must meet certain purity standards (typically 99.95%) and be stored in an IRS-approved depository. Investors should consider the long-term performance and stability of platinum as a commodity when incorporating it into a retirement strategy, balancing it with other assets for an optimized portfolio.
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