platinum coin price

The LBMA is responsible for setting the benchmark prices for gold and silver as well as platinum and palladium. However, today’s price of Platinum could also refer to the total percent change of the spot price, as calculated relative to the price at the start of that trading day. The NGC US Coin Price Guide shows average dealer retail prices based on actual, documented transactions and other information reported by collectors, dealers and auction houses for NGC-certified coins. Bullion and coins were not widely produced until the 1970s, and even the United States produced no official platinum bullion coin until 1997, when the American Eagle Platinum Coin was introduced. We thank you for your patience and understanding. Free Insured Delivery across Europe. The spot price fluctuates constantly, making it important to stay up to date on current events, market conditions and other performance indicators, as they affect both buying and selling. Consumers can expect to receive the bid price when selling Platinum to a dealer. These products provided easy access to difficult markets for investors. Based in London, the London Bullion Market Association (LBMA) is an international trade association, which represents the precious metals markets including gold, silver, platinum and palladium. $1,151.20-1.00. The value or worth of a Platinum product is calculated relative to the weight of its pure metal content and is measured in troy ounces. Visit APMEX.com/platinum-price to view live Platinum prices as well as historical data related to Platinum spot price. Platinum. Lookup Coin values for Good, Very Good, Fine, Very Fine, Brilliant Uncirculated & Proof conditions and MS grade. We give you the fastest updates online, with live data processed about every 10 seconds. Since then platinum coins have become an attractive “value buy” amongst platinum … More than the actual face value of the coin is in the country’s currency, the worth of the platinum coins far exceeds its face value. The process was carried over to the British Empire where one pound sterling was worth one troy pound of silver. An OTC is not a formal exchange and prices are negotiated directly between participants with most of the transaction taking place electronically. For the high and low values, we are showing the lowest bid and the highest ask of the day. Platinum American Eagle Price Charts. World Platinum Coins We carry an assortment of Platinum coins from: Australia, China, Isle of Man and Switzerland. The RCM issued the Platinum Maple Leaf from 1988 to 2002 with four weights available that included 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz options. American Eagle. Its current members include 140 companies made up of refiners, fabricator, traders, etc. A small amount of PGM metals are used in jewelry but they are mostly known for their industrial uses within the automotive sector. Unlike gold and silver, platinum doesn’t have significant physical markets. Platinum Eagles Price Guide. The price for any Platinum product is the spot price plus a premium, which is added by all dealers to cover their overhead. Platinum coins are made in four denominations different than the similar gold coins. Locate a dealer–bullion coins are not sold directly by the U.S. Mint. The one-ounce 99.95% pure Platinum Maple Leaf bullion coin is a distinctive addition to your portfolio. This spread is also referred to as the bid-ask spread and represents the dealer’s profit. Our Market Reports provide valuable information about the possible reasons behind movements in the markets. It has a circulating supply of 0 PLAT coins and a max supply of 19.7 Million. Of course, many choose to store their Platinumin their own vaults or lockboxes at home, as well. For example, The United States Mint does not sell directly to the public but offers a list of Authorized Purchasers. The .9995 pure platinum coin features the Somali national crest on the reverse side and an Elephant near a river bank in a sunrise setting. This is the highest face value to ever appear on a United States bullion coin. Many investors see Precious Metals as a way to balance their portfolio because they hold value when other investments falter, resulting in investors considering Precious Metals as safe-haven investments. What does the Spread mean for Platinum Precious Metals prices. CAD. A dealer will charge a premium above the spot price of platinum for platinum coins and bars. The price of the coins, however, is based on the coin’s platinum content, not the face value. Transactions for bullion coins are almost always priced using the spot price as a basis. Platinum has seen some renewed demand because car companies have to meet tightening environmental conditions to reduce greenhouse gasses. Until 2016, the Somalian Elephant coin was only available in silver and gold. Moreover, like other Canadian bullion coins, they also bear CAD face values that indicate the full backing of the Canadian government. PLAT price is down -7.9% in the last 24 hours. Fast & free shipping. Platinum. The platinum price displayed above is updated every minute. History of Platinum Prices The spot price of platinum reached its current record in early 2008. Live 24-hour Platinum Price Spot Chart from New York, London, Hong Kong and Sydney. Our platinum coins contain one troy ounce of 999.5 fine platinum and, as they are UK legal tender, our platinum coins are also Capital Gains Tax (CGT) exempt. Yes, platinum coins do have face values. Kitco's world leading website is the best source of platinum coin prices and market information, and to track the price of platinum per oz. Platinum coins are made in four denominations different than the similar gold coins. One troy ounce equals 31.1035 grams. It is important to note that platinum is a fairly small markets so prices can see dramatic fluctuations. For the refining industry, the LBMA is also responsible for publishing the Good Delivery List, which is widely recognized as the benchmark standard for the quality of gold, silver and PGM bars around the world. The Platinum Eagle is the only coin whose purity is guaranteed by the U.S. Government, consisting of 99.95% pure platinum. MARKET IS CLOSED (Will open in 25 hrs. The bid Platinum price per ounce today is the highest current market offer to sell to a dealer. Understanding which ones to purchase in an investment or retirement savings portfolio can … For a small fee, you can store it with a trusted third party such as Citadel (a service offered by APMEX). Coin Value Price Chart for American Platinum Eagle Bullion Coins. PCGS The Standard for the Rare Coin Industry. All of our platinum bullion and proof coins are of the utmost quality and come graded by the NGC or PCGS. 1 gram Platinum Bar PAMP Suisse Lady Fortuna .9995 Fine (In Assay) ALERT ME! Troy weight units are primarily used in the Precious Metals industry. These benchmarks are calculated partly from trading activity in the spot market. Platinum is a precious metal discovered in 1906. With our updated mobile app, it is now easier than ever to access APMEX benefits on-the-go, including timely push notifications sent straight to your mobile device with custom spot price alerts. Last Update: 01-06 08:03 PM EST. Because there is no official closing or opening price for platinum, some market participants rely on benchmark prices, set during different times of the day by different organizations. It has a circulating supply of 5,001,073 PLC coins and the max. Filter by Brand / Mint . Why should I invest in Platinum with today's metal prices? Platinum’s conductivity, durability, and resistance to corrosion contribute to its use in nearly a quarter of total consumer goods. A precious metals futures contract is a legally binding agreement for delivery of a metal in the future at an agreed-upon price. Call Us: 800.375.9006 Live Chat. Order online! Platinum Eagle – produced by the U.S. Mint, these coins are available in 1-oz, ½-oz, ¼-oz and 1/10-oz denominations and are by far the most recognized platinum bullion coin in the world. There are two different positions that can be taken: A long (buy) position is an obligation to accept delivery of the physical metal, while a short (sell) position is the obligation to make delivery. Your Online Trusted Store for buying Platinum Gold and Silver Coin Bar at LIVE Price Rate in India. If you’re buying Platinum bullion, choose between Platinum coins, bars and rounds (they look like coins but carry no face value and are not backed by a sovereign government as currency). Sponsored Hedgers use these contracts as a way to manage their price risk on an expected purchase or sale of the physical metal. Russia issued 16 platinum coins starting from 1992, with the face value (weight) of 25 (1/10 oz), 50 (1/4 oz) and 150 rubles (1/2 oz). All values are for NGC-certified coins. For larger transactions, most precious metals traders will use a benchmark price that is taken at specific periods during the trading day. This coin series’ platinum variant launched just a year after the resounding success of its neighbor’s American Platinum Eagles. How much American Platinum Eagle Bullion Coins are worth. The price of Platinum can fluctuate based on market conditions, supply and demand, geopolitical events and more. These benchmarks are used mostly for commercial contracts and producer agreements. Produced in the U.S.A. by the U.S. Mint, U.S. Change is always the difference between the current price and the price at 5:00pm. The reason platinum prices trade differently to gold boils down to one simple fact: supply and demand. $2,476.50 $3.40. Given that South Africa’s political environment, like that of many developing countries, has become increasingly volatile in recent years, platinum supply is subject to a fairly high degree of political risk. Platinum price today is $0.00698617 with a 24-hour trading volume of $29.48. Limited Edition Collector Available. Compared to gold, platinum was recently given more favorable investment projections. Wyckoff, Where Are the Stops - Jim Platinum's price history is more volatile than that of gold. Platinum bullion often appears in the form of bars, rounds and Sovereign coins that carry a face value and are backed by a government. Buy & Sell. $1,116.60 $4.40. Coin Specifications Category: China Platinum 100 Yuan Panda - 1 Ounce (1987-1990) Mintage: 2,000 Composition: 99.95% Platinum Weight: 31.1030g APtW: 0.9994oz Platinum Coin … At APMEX, we offer a number of tools to help our customers become better-informed investors. Our platinum coin selection is broken down into two categories: the American Platinum Eagle, and the Canadian Platinum Maple Leaf. View the bid, ask and spot price at any time, on any device. Typically, when Americans refer to ounces, they are referring to avoirdupois ounces. Because of the importance of the U.S. economy in the world, the U.S. dollar is considered a reserve currency, meaning that it is held in significant quantities by other governments and major institutions. 1/2 oz Platinum Bar – PAMP Suisse (In Assay) ALERT ME! Regular: CAD1,606.13 As low as: CAD1,597.25 . CREX24 is the current most active market trading it. Platinum coins typically trade similarly to the other core precious metals. Stay Informed of Our Special Offers. Its chemical stability makes it excellent for industrial applications, and its resistance to tarnishing and wear make it a popular choice when crafting jewelry. The Platinum Eagle is the only coin whose purity is guaranteed by the U.S. Government, consisting of 99.95% pure platinum. This is the change in the price of the metals over a 30-day period as posed from the previous close. Email address. The U.S. Mint adopted the troy ounce system in 1828. PLATINCOIN allows you to achieve a steady annual return of 30% over the next 10 years with daily payouts (MINTING). It enables you to mine more coins from those that you already hold and … Liberty Coin is pleased to offer a comprehensive selection of certified platinum bullion and proof coins. Platinum Eagle – produced by the U.S. Mint, these coins are available in 1-oz, ½-oz, ¼-oz and 1/10-oz denominations and are by far the most recognized platinum bullion coin in the world. Fast shipping and handling. The Canadian Platinum Maple; The other way of investing in platinum is by buying Canadian Maples. NGC's Chinese Modern Coin Price Guide has Chinese Platinum Lunar Coin prices that will help you to make more informed buying and selling decisions. The benchmark price is determined once daily in an electronic auction between participating banks with the LBMA, which is administered by ICE Benchmark Administration. Platinum is traded at the same price per ounce, in U.S. dollars, no matter where in the world. Analytical Charts - Jim Pricing for precious metal numismatic products (e.g., palladium, platinum, 24-k gold, 22-k gold Despite this one hour close, because spot is traded on OTC markets, there are no official opening or closing prices. Silver and most precious metals prices are quoted in troy ounces; however, countries that have adopted the metric system price gold in grams, kilograms and tonnes. The spot market is trading very close to 24 hours a day as there is almost always a location somewhere in the world that is actively taking orders. The tola is a weight measurement in South Asia. While platinum are mostly quoted in ounces per U.S. dollar, OTC markets in other countries also offer other weight options. Courier pickup is offered in … View Charts. Like other precious metals, platinum actually trades 23 hours a day Sunday through Friday. Is the spot platinum price the price I pay when I buy platinum from a dealer? Official platinum coin issuances are now commonplace, and experts assert that these collectibles will return investment handsomely. Platinum Bar Price vs. Finally, prepare for how you will securely protect and store your Platinum. The difference is determined by the number of days to the delivery contract date, prevailing interest rates, and the strength of the market demand for immediate physical delivery. APMEX offers you an easy and fast way to sell your Platinum bars or Platinum coins online. My Account. As enthusiastic numismatists ourselves, we understand what coin collectors want. 2011-W Proof American Eagle Platinum Coin : Platinum Value: US Mint Price $ Premium % Premium: Mint Info: Mint Sales: Auctions: Notes : 1 oz Proof: $1,892.00 : Link: 14, 835: eBay: Sold Out : Notes : 1. User Agreement. The dealer pays you the Ask price when you resell Platinum, while you will pay the Bid price when you buy from the dealer. Learn more about all the tools and alerts available with your free APMEX account. The platinum market is relatively small and can have a wider spread compared to gold and silver, which are much more liquid markets. These platinum coins are struck using 0.9995 pure platinum. Platinum futures are used both as a way for producers and market makers to hedge their products against fluctuations in the market, and as a way for speculators to make money off of those same movements in the market. Canadian Maple Leaf. The London Bullion Market Association (LBMA) is the leading organization that is responsible for maintaining benchmarks for all precious metals. The difference between the spot price and the ask price is known as the premium of Platinum per ounce. Tell us your Platinum target price and we will send you an email or text message as soon as the market reaches your price. Platinum Coins - Perth Mint Quality and Design Browse The Perth Mint’s collectible platinum coin series and buy from our secure, well-trusted online shop. Second, determine the form in which you’d like to buy. As always, you should decide what investments make the most sense for your goals. Or find by: Deals Selection Discounted offers (52) Fashion and Accessories ... Chains and Necklaces (23) Toys Board Games (1) Price. Platinum Coins Palladium Bars Gold Proof Coin Sets New Products Bullion Refiners Accessories FAQs How To Buy About Us Search. When it comes to Precious Metals investing or collecting, knowledge is power. Physically backed-exchange traded funds have revolutionized the investment landscape in the last 15 years and platinum is no exception. 416-214-4299 . What is the Ask Platinum price per ounce? In 2019 the U.S. Mint only produced 40,000 platinum coins. Today platinum price in India is 3,465 rupees per gram. There are several types of Platinum, ranging from scrap to bullion products. The coin was minted by the United States Mint and provides investors with a beautiful platinum coin in a convenient size that is ideal for personal delivery. The spot price of Platinum is the price you would pay for one ounce of Platinum. Platinum Price History. Fast & Free Shipping† On Orders Over $99! 100% Satisfaction Guaranteed. Get the best deals on Platinum Coins when you shop the largest online selection at eBay.com. Due to the rarity of platinum, the law of supply and demand sustains the elevated live platinum price. However, some investors have seen the precious metal as a store of value in recent history. A troy ounce of Platinum is equal to 31.10 grams. Not all investors are aware that Kitco allows you sell platinum online, with complete security and peace of mind. There are many factors and options for this. Price; 1 oz Platinum Maple Leaf Coin: $1,354.26/coin: Recognized Platinum Bar: $1,326.34/oz: Unrecognized Platinum Bar: $1,252.13/oz * Recognized bars include: Johnson Matthey, Engelhard, Royal Canadian Mint, Credit Suisse, PAMP Suisse, Essayeur Fonduer, NTR Precious Metals etc. Every precious metals market has a corresponding benchmark price that is set on a daily basis. South African platinum production has been hit by labor disputes, issues with power and w… The prices listed in the PCGS Price Guide are average dealer asking prices for PCGS-graded coins. Find the current Platinum Eagles values by year, coin varieties, and specific grade. These platinum coins are struck using 0.9995 pure platinum. The current CoinMarketCap ranking is #513, with a market cap of $13,853,761 USD. Canadian Bullion Services Offer Platinum, Gold and Silver Coins, Rounds, Wafers and Bars including Silver Maple Leaf and Gold Maple Leaf coins. 866-901-0600. The words “Life, Liberty and the Pursuit of Happiness” have resonated for more than 240 years in the hearts and minds of the American people. PLATINCOIN price today is $2.77 USD with a 24-hour trading volume of $478,035 USD. The spot price of Platinum is always higher than the bid price (what dealers pay for Platinum per ounce) and always lower than the ask price (what you will pay a dealer for Platinum per ounce). The Platinum American Eagle price charts above feature Monex Ask Prices per ounce for pure .9995 fine one-troy-ounce Platinum American Eagle coins, currently available from Monex in units of 10 coins. The prices are compiled from various sources including dealer ads in trade papers, dealer fixed price lists and website offerings, significant auctions, and activity at major coin shows. This is the change in the price of the platinum from the previous close, which is not necessarily the previous day. Platinum Bullion Coins for Sale. Platinum Coins. Login Register an account. in good condition * Unrecognized bars include: Any mint not listed above (including Franklin Mint … The Platinum Maple Leaf coins feature 1 Troy oz of.9995 pure platinum and feature a face value of $50 (CAD). Platinum is a precious metal discovered in 1906. The ask price is the lowest price someone is willing to sell an ounce of platinum. Minting was suspended in 1996, with the last coin of 150 rubles dedicated to the 1240 Battle of the Neva. Other precious metals are sometimes referred to as monetary metals, but platinum has never been used as global currencies. Live 24-hour Platinum Price Spot Chart from New York, London, Hong Kong and Sydney. If it is January 18 at 5:00 PM and platinum is quoted at $1,025 then we would show a change of +25.00 at that time. The Platinum price charts above feature Monex Spot Prices per ounce, which represent the midpoint between Monex bid and ask prices per ounce, for pure .9995 fine Platinum Bullion. Start by clicking on the description that interests you, and you'll open up a wealth of information, including a Platinum Panda Price Guide chart with current Platinum Panda coin prices, variety attributions, NGC Census data and NGC Registry scores. This is actually higher than the current record spot price of gold that was seen in 2011. First, decide what kind of Platinum you’re interested in buying. By 1989, the platinum American Eagles $ 13,853,761 USD sponsored this coin series platinum! Start of the utmost quality and come graded by the current day over $ 99 in! As kilograms and grams, Tael is a fairly small markets so prices can see dramatic fluctuations during. Course, many choose to store their Platinumin their own vaults or lockboxes home! Markets for investors years with daily payouts ( minting ) elevated live platinum prices or. 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