Platinum is a very rare precious metal and its price per ounce has often been higher than gold. Investors buy platinum bars, platinum coins, and other platinum bullion items in order to directly own tangible private platinum investment vehicles whose value is influenced by the world’s fluctuating platinum.
Buying platinum is an excellent way of investing in the rare metal. There are four types of coins that you can invest in:
Produced in the U.S.A. by the U.S. Mint, U.S. Platinum Mint coins are available in four main denominations; 1-oz, ½ oz, ¼ oz, and 1/10 oz. Platinum Eagles are the most widely recognized platinum products in the world. The U.S. government guarantees that the Platinum Eagle Mint coins consist of 99.95% pure platinum.
- The Platinum Eagle is the only coin whose purity is guaranteed by the U.S. Government, consisting of 99.95% pure platinum. Canadian Platinum Maple – produced by the Canadian Mint, the Platinum Maple is considered the first commonly available bullion coin of its kind and the standard by which other platinum coins are measured.
- 2 days ago The Platinum Eagle is the only coin whose purity is guaranteed by the U.S. Government, consisting of 99.95% pure platinum. Canadian Platinum Maple – produced by the Canadian Mint, the Platinum Maple is considered the first commonly available bullion coin of its kind and the standard by which other platinum coins are measured.
Platinum Bullion Bar
The other way of investing in platinum is by buying Canadian Maples. Produced by the Canadian Mint, the Maple is currently considered the standard against which other coins that are platinum are measured. So, they are also trustworthy.
The Koalas as produced in Australia by the Perth Mint. These coins comprise 99.95 percent of pure platinum and are highly regarded.
- Private Mint Platinum
Lastly, you can also invest in private mint coins. This category refers to mints produced by different private mints including the Pamp Suisse, the Engelhard, and the Credit Suisse.
Coins that are platinum are very easy to store, transport, trade, and even divide.
Platinum Bullion Dealers
Platinum bullion products are commonly purchased as enrichment to ones existing investment portfolio. When buying platinum bullion, the most important thing is to buy from a well-known, respected dealer. There are a few obvious advantages of buying platinum over buying bars of other metals such as gold and silver. One such advantage is that there are more stringent guidelines for the way platinum bars are made.
Platinum Bullion Coin
When buying platinum, look for hallmarks and other certifications on the face of the bar. For instance, both the weight and the purity of the metal should be clearly displayed on the face of the bar. While most platinum that are bars, weigh 10 troy ounces and are 99.95 percent pure, you might encounter bars that are different. In particular, beware of sellers who claim that their platinum is 100 percent pure. No metal can be 100 percent pure. The platinum bars, just like the coins, are easy to store and even transport. Weighing just over half a pound, you can keep them in a bank deposit box or your own safe at home. If you decide to go with the home storage option, ensure to find an insurance plan that covers the precious metal.