Platinum is a favorite metal among collectors, it’s also one of the rarest, as only a few hundred tonnes are produced each year. It’s found deep inside the earth’s crust at .005 ppm concentration and considered one of 10 “Platinum Group” elements within the periodic table of elements, represented by the symbol pt and the atomic number 78. Natural deposits of the precious metal are found in different places around the globe, including in South Africa. The country produces nearly 80% of the world’s platinum supply and much of that is done at the Bushveld complex. Its rarity is what makes this coin an especially good investment for buyers or collectors. Platinum can be made into coins, bars, jewelry and has an array of industrial applications, including in the production of catalytic converters for automobiles.
One ounce platinum bars are a convenient and economic way to invest in this metal. They are produced at mints and refineries everywhere. When investing in platinum, it’s important to remember that this precious metal is a very valuable and highly prized commodity.
Here are a few Platinum Bars on the market today
Here are a few 1 oz Platinum Coins available on the market today
When purchasing a bar from a reputable dealer, here are some things to know:
Platinum looks like silver, in fact, the two are often mistaken. Platinum is derived from the Spanish word “platina,” which is diminuative of the word for silver. It’s their similar color that bonds them. People describe platinum as a silver-hued metal. But silver is a bit darker and platinum is silvery-white. While the two metals are alike in appearance, platinum is in a class of its own when it comes to composition. It is one of the least reactive metals we know about. For example, coins and jewelry made of other metals corrode after a period of time or when exposed to heat or certain elements. Platinum is very tolerant to corrosion. Another special thing about platinum is its array of applications outside of collection and investment. For example, platinum is an important component in catalytic converters, used to clean exhaust, which is full of harmful chemicals, from inside a vehicle’s internal combustion engines. It’s also one of the active compounds in Platinum-based chemotherapy drugs that are used to treat people with cancer.
Platinum 1 oz bars are bought and sold online and in brick and mortar stores. As always, working with a trusted dealer is your best bet. You can find dealers online, in community posts and locally, through word of mouth, advertisements and etc.
Crown Gold Exchange holds the utmost respect for you and your valuables. When you visit one of our locations, we make sure that you feel welcome, and that your property is protected. We use industry-standard equipment to ensure accurate measurement of your valuables, and we have a special process to keep your valuables safe. Our accuracy enables us to offer you top dollar, and we have several different payment methods available for your convenience, so you won’t be waiting around to get paid.
Crown Gold Exchange will purchase any kind of gold you bring us, including 8-karat, 10-karat, 14-karat, 18-karat, 21-karat, 22-karat, 24-karat, or anything else. We buy gold bars, gold bullion, gold jewelry and some gold plated items like pocket watches. If you happen to be in possession of an exclusive piece made by a top gold designer such as Cartier, Tiffany, Rolex, or Patek Philippe, we will often pay more than the weight of the item. Such special pieces often command a higher price on the secondary market due to their superior craftsmanship.