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A platinum coin is a type of currency made from the chemical element platinum, a precious metal. Some platinum coins are legal tender in their country of origin, but due to the high value of
Learn something new every day More Info... by email
A platinum coin is a type of currency made from the chemical element platinum, a precious metal. Some platinum coins are legal tender in their country of origin, but due to the high value of platinum they are primarily used as a means of investment rather than for normal cash transactions, and their face value as legal tender is usually much lower than the actual value of the metal. Platinum metal bullion coins are usually bought and sold at higher prices than an equal weight of unminted platinum due to the cost of their production, the value of the mint's stamp as a certification of the coin's purity, and, in some cases, their value as collectibles. Platinum bullion coins are produced by a number of government mints, including the United States Mint, the Royal Canadian Mint, and the Royal Mint of the United Kingdom. Privately owned mints also produce platinum coins, which are often called rounds to distinguish them from government-minted coins.
Platinum is a gray-white transition metal with an atomic number of 78 and has a number of qualities that make it useful as a currency. It is the most prominent member of a group of valuable metals called the platinum group, which also includes the precious metal palladium and the two densest elements on the periodic table, osmium and iridium. Platinum is extremely rare and highly valuable due to its use in areas such as jewelry, electronic components, and medicine. Platinum is also very stable, making a platinum coin especially resistant to corrosion and other chemical reactions and suitable as a long-term store of value.
The weight of a platinum coin is m