History of Platinum
Platinum was first discovered by Conquistadors in the 1500s, this dense, gray-white metal gets its name from the Spanish word platina, which translates to “little Silver.” Platinum coins are one of the rarest two types of precious metals, alongside their sister issues in palladium (another member of the platinum group of metals, known as the PGM complex). The element Platinum, symbolized by Pt, is found in the earth's crust, is a metal, and has an atomic number of 78 on the periodic table. It is one of the top eight rarest elements based on its very limited presence on Earth. Platinum is derived from metal-specific mining and as a by-product of nickel and copper mining. Only a few hundred tons of platinum are produced annually, as it is one of the rarer elements in the Earth’s crust, and much rarer than gold or silver. If all the Platinum that had ever been mined was placed together, it would fit into a cube less than 25 feet on each side. Platinum is known as the "most precious of the precious metals." Its rarity far exceeds gold and silver, as seen in fine jewelry, platinum is also increasingly used for many industrial applications, causing demand for the metal to climb.
Popular Platinum Choices
They also have asthenic beauty that comes alive when you hold a pure platinum coin in your hands. There are many beautiful Platinum Coin choices from mints around the world, each with a unique design and story, generally minted with a .9995 level of fineness or 99.95 percent platinum purity. The Platinum American Eagle from the U.S. Mint, first minted in 1997, features a powerful image of Lady Liberty and the coin’s mint date on the obverse, while the reverse features a bald eagle soaring above the setting sun, the coin’s weight and purity of pure .9995 platinum, and its face value. The Platinum Canadian Maple Leaf coin from the Royal Canadian Mint, first minted in 1988, features an image of Queen Elizabeth II along with the coin’s Canadian face value and mint date, while the reverse features Canada’s national symbol, the maple leaf, along with the coin’s weight and purity of pure .9995 platinum.
World Platinum Coins
Austria Vienna Platinum Philharmonic coins minted at the world-renowned Austrian Mint in Vienna with their traditional Vienna Philharmonic design were first issued in 2006 in .9995 pure platinum. Australian Koala Platinum coins minted at Australia's Perth Mint were originally struck in 1988, and are among the only series of platinum bullion pieces which feature new coins every year, and the new 2018 Australian Platinum Kangaroo Coin featuring Australia’s favorite bouncing marsupial with a purity of 99.95% platinum, also struck at the Perth Mint. The Chinese Platinum Panda first struck in 1988 with a .9995 purity, is a favorite among collectors because of their beautiful designs and limited mintages.
Other popular Platinum coins include coins from the British Royal Mint, like the Great Britain Platinum Britannia, and the Queen's Beasts Platinum bullion coin series. Isle of Man Platinum Noble Coins is struck at Britain's Pobjoy Mint, first issued in 1983 to the exact specifications of the Royal Mint. By 1989, the Pobjoy Mint and Isle of Man had discontinued these coins' production completely making these coins very desirable today. In 2017, the South Africa Mint struck Platinum Coins with the very popular Krugerrand design in .9999 fine Platinum to celebrate 50 years of the production of the Gold Krugerrand.