Platinum coins are another primary vehicle used when investing in platinum bullion. Coins are preferred due to their wide availability, lack of authenticity concerns, and low premiums over the current platinum price. All American Platinum Coins are also IRA-eligible, making them preferred by serious investors. As is the case with silver and gold coins, platinum coins can be found originating from a wide variety of countries around the world. Platinum, as a metal, is growing in both popularity and value which is why it is no surprise that more and more platinum coins are hitting the market every year.
Just like there is not solely one type of gold coin, there is also not only one type of platinum coin either. Each and every coin-producing country around the world has their own way of making platinum coins and for this reason no two are exactly the same. Whether it be the purity of the coin, the diameter, or any other type of specification, coins are much more unique than their platinum bar counterparts.
In your browsing of platinum coins, you will likely discover that many platinum coins from a given country are of the same coin series as silver and gold coins from that same country. For example, the Platinum American Eagle very closely resembles the gold and silver Eagles that the US mint has been producing since the 1980s. This is not always the case, however, as some mints around the world strive to create a new identity with their platinum coins and thus introduce entirely new coins.
As an investor buying platinum coins, the most important quality of the coin is the amount of platinum that can be found in it. Most coins are almost entirely comprised of platinum, with the remaining coin composition being a filler metal such as copper. In your search for the right platinum coin(s) to invest in, you will most often find that a large majority of platinum coins are comprised of 99.95% (.9995) platinum. This is not always the case, so it is important that you read the product details and specifications before making a purchase.