Platinum is a rather scarce precious metal, even more so than Gold or Silver. Platinum is similar to Silver in it’s appearance except that it is much more dense (about two times as dense). It hasn’t attracted much interest as a form of investment until recent years and was also rarely seen in the form of bullion. The price of Platinum exploded in the early 2000’s when it jumped from around $400 USD to nearly $2,000 USD in 2008.
Unlike Gold and Silver; which have been used in jewelry, flatware and also accepted as a form of currency in one way or another for thousands of years, Platinum was not discovered until the mid 1500’s. Platinum was first discovered by the South Americans around this time as they first started using it in jewelry. Platinum was seen as a symbol of wealth in the pre-columbian South America.
For most of the last one hundred years, platinum was not available as a form of investment bullion nor was it available as an exchange traded fund. Today Platinum has many industrial applications and is also available in many forms of ETF’s.
In the past decade or so, platinum has become one of the most sought after precious metals by bullion investors. Today Platinum is available in the form of bullion bars as well as Government minted coins. Some of the worlds most popular mints are producing numerous variations of platinum coins.
2013 1 oz Platinum Maple Leaf
The 2013 1 oz Platinum Maple leaf coin contains One Troy Ounce of fine .9995 Platinum. The obverse of the coin Contains a picture of Queen Elizabeth II along with the denomination ( $50 ) and it’s year of mintage. The reverse of the coin contains the image of a Maple Leaf along with its purity (.9995) and the words “Canada” and ” 1 ounce Platine Pur “. The Royal Canadian Mint’s “Maple Leaf” series is considered one of the highest quality coins on the market today and is sought after by investors and collectors alike.
1 oz Platinum Bar (varied by mint)
One ounce Platinum bars are produced by various mints but will always contain 1 Troy ounce of at least .9995 Fine Platinum. Bars provide investors with Physical platinum at lower premiums than coins. Bars are easy to stack and store and will always be stamped with their weight, purity and mint of origin. In most cases Platinum bars come with either an Assay card or certificate of authenticity stating the bars weight and purity as well as a serial number.