Best Platinum Coins to Invest In

Diversifying your investment portfolio is essential in today's volatile market, and one often-overlooked investment has been platinum. The precious metal has proven to be a strong investment option in times of economic uncertainty and provides unique exposure to multiple vital industries. Platinum coins are a popular and accessible form of platinum investment. This article dives into some of the best platinum coins to invest in, what makes them attractive investments and how to go about acquiring them.

What is Platinum and What is It Used For?

Platinum is a rare, dense and corrosion-resistant precious metal with a silvery-white appearance and incredible catalytic properties. Known for its incredible durability and high melting point, platinum is a vital component in a wide range of products. Some common and important uses of platinum include:

1. Automotive industry: Platinum is used in catalytic converters to reduce harmful emissions in vehicles. It acts as a catalyst, converting emissions into less harmful gasses. Its widespread use — along with rhodium — in combustion engines reduces the damage they deal to the environment. 
2. Jewelry: Platinum's beautiful luster and its resistance to tarnish and wear makes it ideal for creating high-quality jewelry.
3. Electronics: Platinum is used in liquid-crystal displays (LCDs), which most phones and computers use for their screens, hard disk drives, computer components and other electronic devices because of its excellent conductivity, inert properties, high melting point and resistance to corrosion.
4. Medical equipment: Platinum's biocompatibility and resistance to corrosion make it perfect for use in pacemakers, dental implants and other medical devices.
5. Chemical industry: Platinum is used as a catalyst in thousands of chemical reactions because of its unique chemical properties. For example, platinum catalysts are used to make silicone, plastics and nitric acid. 

Given its many applications and limited supply, platinum has become a valuable investment commodity.

What to Look For in the Best Platinum Coins

Selecting the best platinum coins comes down to personal preference. However, the most popular platinum coins tend to be the best options as they offer greater liquidity. It’s often much easier to buy and sell popular coins, especially true for platinum coins because they aren’t as common as their gold and silver counterparts. Choosing coins that are easier to buy and sell can be a smart move. Rare coins can also be a good choice because their prices are often more volatile, but they still need to be popular with collectors.

The Best Platinum Coins to Invest In

Here's a list of some of the best platinum coins to consider for your investment portfolio or your collection.

American Platinum Eagle 1 Oz Coins

These coins from the United States Mint are part of the American Eagle series, which also includes gold and silver versions. American Platinum Eagle coins are favorites among investors and collectors because of their beautiful design featuring the Statue of Liberty on the obverse and a soaring eagle over a rising sun on the reverse. The U.S. Mint also makes a proof version of the coin. One of the best reputable precious metals dealers that offer American Platinum Eagle coins is Advantage Gold.

Canadian Platinum Maple Leaf 1 Oz Coins

Platinum Maple Leaf coins are part of the renowned Canadian Maple Leaf series, which includes gold and silver versions of the coin. Like their gold counterparts, these platinum coins are known for exceptional purity. All denominations of the coin are 0.9995 fine platinum and feature the iconic maple leaf design on the reverse, with Queen Elizabeth II's portrait on the obverse. They come in five denominations, ranging from 1/20 oz to 1 oz, providing options for various investment budgets.

Unique Platinum Bullion Coins

You can buy all kinds of unique platinum coins that come in various designs, denominations and sizes. Some of the best are the Perth Mint's series of ⅓ oz platinum bullion coins featuring captivating wildlife designs. Examples include the Humpback Whale, Emperor Penguin and Leopard Seal coins. These beautifully crafted coins are struck in 0.9995 fine platinum. Only 25,000 coins of each type exist, making them rare. Advantage Gold and a few other precious metals dealers carry these alluring platinum bullion coins.

Best Alternatives to Platinum Coins

If none of these coins struck your fancy, don't worry. You can find a wide range of great alternatives like platinum bars or other precious metals. Platinum bars are often priced closer to the base value of the metal than coins, so if you just want basic exposure to the platinum prices, they may be a better choice.

Gold and silver can be better investments than platinum in times of economic uncertainty because of their status as safe-haven assets and their reduced dependence on factors influencing their supply and demand. You can start trading gold, silver, platinum and palladium in minutes with the best precious metals dealers on the market today. 

Where to Invest in Platinum Coins

Are Platinum Coins a Good Investment?

Platinum coins have the potential to be a great investment with the right investment thesis and timing. However, you should consider your individual financial goals and risk tolerance before making a decision. By providing insights into the best platinum coins and their attributes, this article provides basic guidance to help you make your own informed decision on whether the best platinum coins are a suitable addition to your investment portfolio.

Frequently Asked Questions