Platinum is often overlooked by precious metal investors, just like its cousin palladium. That is a mistake since the continuing demand for platinum is ensured by its many uses in many types of industries. Especially the automotive industry can't do without platinum and that will remain so for the foreseeable future. Just a few years ago, platinum was valued higher than gold so it is fair to say that platinum is seriously undervalued right now. The limited annual platinum mining production compared to ever increasing demand for the metal will ensure the price of platinum to rise again sooner or later. Of course, investors cannot realistically expect to find the same number of product choices when buying platinum bullion that exist when buying gold or silver. This page gives a short overview of the different choices you have when investing in platinum.
Platinum Bullion can be bought in the form of platinum coins and platinum bars. For most precious metals, there is a greater choice of different coins than bars but that is not the case for platinum. Only three different platinum bullion coins have been regularly minted for many years. Some mints have introduced new coins in recent years though. The Australian Platinum Kangaroos are the most recent addition to the market of platinum bullion coins. The Platinum Queen's Beasts and the South African Platinum Krugerrands are the other two coins that were also just recently introduced to the market. It remains to be seen whether these coins can establish themselves on the market or whether their mintage run will end after just a few years. The latter had already happened twice before after all with the platinum version of two famous coins, the Mexican Libertads and the Chinese Pandas. So when browsing the online inventory of precious metal dealers, you will generally find a greater choice for platinum bullion bars regarding their different brands and sizes.
After choosing between the two types of platinum bullion below, you will come to a page with further information that allows you to select specific platinum bullion products that you want to learn more about. These product pages will not only give you all relevant information about the product but also allow you to compare current prices and directly buy the platinum coins or platinum bars of your choice from respected precious metal dealers online.
The major platinum bullion coins that dominate the market are minted by some of the world's oldest government mints. A platinum purity of 99.95% is the required bullion standard. Almost all platinum bullion coins that are still regularly minted are 1 oz coins. Only the US Mint's American Platinum Eagles are still minted in fractional sizes. Other platinum coins were minted in fractional sizes in the past but these older coins you might only encounter on the secondary market now. Just like all bullion coins, platinum coins are generally available with brilliant uncirculated as well as proof finishes. The American Platinum Eagles are also issued with a burnished uncirculated finish. The American Platinum Eagles are also a bit unusual in the regard that their proof version displays a different design on the reverse side each year. Most of the other platinum coins display the same design every year that also appears on their equivalent gold and silver version. Once the platinum spot price (to which the price of the coins is tied) starts to rise significantly, you can expect more minting institutions to issue platinum bullion coins regularly.
Click here or on the headline above to learn more about platinum bullion coins and find out what the most popular such coins are.
Platinum Bullion Bars are also 99.95% pure, just like the coins. Just like for any type of precious metal, buying bullion bars is generally the cheaper alternative if you plan to buy larger amounts of the metal. That is because of the lower manufacturing costs of bars compared with coins. Whereas gold and silver bars also exist with many kinds of artistic designs, platinum bars generally do not. PAMP Suisse's bars that bear the image of Lady Fortuna or the American Statue of Liberty are the only exception to this general rule. Both government and private mints worldwide produce platinum bullion bars. Many manufacturers start with 1 oz bars but PAMP Suisse also produces small gram-sized bars. The largest platinum bars that are commonly available for purchase are 1 kg bars. Most offered platinum bars are minted (produced like coins) but a limited selection of cast bars is also produced by most refiners. This section lists the various platinum bar products of the major private producers PAMP Suisse, Valcambi Suisse and Credit Suisse. Additional producers will be added to the page in the future.
Click here or on the headline above to learn more and see the list of platinum bar manufacturers.