What is a 1 oz Platinum Bar?

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.

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Here are a few Platinum Bars on the market today 

  • 10 oz Credit Suisse Platinum Bar 
  • 1 Gram Platinum Bar            
  • 1 oz Argor Heraeus Platinum Bar 
  • 20 Gram Argor Heraeus Platinum Bar 
  • 50 Gram Argor Heraeus Platinum Bar 
  • 1 oz Valcambi Platinum Bar 

Here are a few 1 oz Platinum Coins available on the market today

  • 1 oz American Platinum Eagle Coin 
  • 1 oz American Platinum Eagle Coin 
  • 1 oz Australian Platinum Kangaroo Coin
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Facts about Platinum Bars

When purchasing a bar from a reputable dealer, here are some things to know: 

  • Platinum bars come in a variety of sizes. In this article we’re specifically referring to 1 Troy oz of platinum. A hallmark of excellent quality is a bar stamped .9995 pure platinum.
  • Obverse and reverse designs vary based on the manufacturer. 
  • Mints all around the world offer variations on this product.
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What is the difference between Platinum and Silver?

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.

Can I sell my Platinum 1 oz Bar?

Yes. Buying and selling platinum bars is as easy as 1-2-3. But first, you’ll want to work with a broker that knows the value of platinum coins, bars and jewelry. Platinum is a different type of metal, when compared to gold and silver. When distinguishing the spot price on gold and silver, these two metals are usually tied. This isn’t the case for platinum. It has a value of it’s own and it isn’t related to the spot price of the other two. This, and other reasons, are why it’s essential to work with a dealer that knows about platinum. In order to get the best results, a reputable dealer is necessary.

Customer Testimonial

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Where can I buy a Platinum 1 oz Bar?

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.

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Choose Crown Gold Exchange

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.

BUYING YOUR GOLD, SILVER, DIAMONDS AND COINS SINCE 2010

She explained everything to me and it made me feel very comfortable.

Sloane
Crown Gold Exchange Customer

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