Platinum Coins
Platinum Coins
Platinum coins may seem as though they are a new concept in precious metals investing. However, they are entering the market with incredible staying power. Platinum’s current value surpasses that of gold, and seems as though it is going to continue growing the higher the demand - both industrial and personal - for platinum grows. As with many other precious metals, you do not necessarily need to begin your investment with a large bar of platinum bullion. Rather, you can begin by investing in platinum coins.
Platinum coins are typically minted in one ounce types, with the US Mint Platinum American Eagle being one of the most recognizable. There are others as well, such as the Canadian Platinum Maple and the Australian Platinum Koala. However, due to the difficulty involved not only in mining platinum, but also in working it, there are not very many varieties of platinum coins available. This can be a good thing, as it can be easy to spot the ones you would like, but it can also be a bad thing, as less variety may make it less attractive to some investors.
While the one ounce variety is typical for platinum coins, there are other sizes that usually decrease in size - half ounce, quarter ounce, so on and so forth. When looking to purchase a coin of a particular size, be forewarned that the price is directly proportional to the size of the coin. But buying in small amounts and small quantities may be more expensive in the long run, so that is an investment choice you’ll have to make regarding platinum coins.
The ease with which you can begin investing in platinum coins may surprise you. With the help of the internet and dealers and merchants who ship worldwide, it is incredibly easy to begin adding platinum coins to your precious metals investments. Before entering into any kind of deal with an online merchant, be sure that they are a reputable dealer. Platinum is new in the investment market, and there is always the chance that you may run across the occasional scammer.
Just because platinum bullion may be a newcomer, though, is no reason to completely discount it from your investment portfolio. As it grows in popularity, it will be in use in various industries for a long time to come, meaning that platinum’s value is sure to only increase over time, thus providing you with a tidy little return in the future.
1965 Standard Catalogue of Canadian Coins, Tokens and Paper Money
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