Buy Platinum coins
Courtesy of APMEX.com
Buy Platinum in Australia
Platinum Coins across the counties
Nowadays we don't use platinum so much anymore for our currency of coins. But back in the day platinum coins were very popular in their time and age, but dwindled out with the times. As for all you collectors out there, you will find that they have many special coins that you can purchases in many areas for your collection. In today’s time you can buy platinum coins that are made by many countries.
History of the 1800's
It all started in 1819, when platinum had originally been discovered in the gold fields of the Ural Mountains of Russia. However, it was first being viewed only as a slight existence in the rocks'. But after sometime they had located several richer deposits revealing them all over the Russia Mountains in 1824, and began mining in 1825. The Spanish population of America, was first to use Platinum for minting coins. The Spaniards discovered platinum in gold rocks, but they had no technology for
processing this kind of metal, and could not be used substantially or exceedingly
In the early 1820's, there was an extensive number of trail platinum coins that were created by British Royal Mint, for experimental use only. There were no dies that existed, so when they created the platinum coins, they used expired dies with equivalent amount of coins. When the coins are minted by using dies from two different
coins, they are called mules.
Between 1825 and 1845 the platinum coins were a part of the regular national currency in Russia, they were also the first and only state to do so. The coins proved not be practical or realistic and to be used, due to the platinum being very hard to work with. They also were having more comparable similarities to less expensive metals. Nevertheless, some merchants valued and appreciated platinum coins, since the melting process was definitely not like gold or silver.
In 1826, an intelligent and knowledgeable Russian named P. G. Sobolevsky created a simple and uncomplicated way of processing platinum, which in turn prompted the idea to use platinum in coins. In 1846, all the platinum coins that had accumulated and gathered up was bought by the British firm Johnson Matte and company. Because of the substantial sell, it made Britain a Platinum Coin monopolist even though it did not make platinum domestically. Currently, the platinum coins of Russian Empire are extremely and exceedingly rare, especially for the period from 1839 and 1840 when only a few coins were actually minted.
Within all the states there were only two major platinum producers, which were Russia and Columbia. When platinum minting stopped, there were so many possibilities of
why,and with a low popularity among the population and the high cost of minting
the odds were against them. In 1859, there were many fruitless and unproductive attempts to resume the platinum mint, which resulted in platinum coin problems and concerns.
From the late 1900's
After a 130 year break, the imprinting of platinum coins had picked up where it left off. The Soviet Union made five commemorative coin sets, between 1977 and 1980. These
coins were part of the planning and preparation of the 1980 Summer Olympics, and since then in 1977 commemorative platinum coins were issued and given out every year. The designs of the coins are separate and unconnected from the Olympics, they were created and materialized on or around 13 of September 1988. There is a unique and distinctive series of 1000 years of ancient coinage, literature, architecture and the Baptism of Russia. In this serious they included 25 ruble platinum coins of the Monument to Price Vladimir Svyatoslavich, and the 150 ruble platinum coins of The Tale of Igor's Campaign. The Central Russia Bank of America has released at least 16 sets of platinum coins, since the unique year of 1992 and continues to issue an abundant amount of platinum coins.
There are numerous amount of other countries that have been distributing and supplying platinum coins, but only as bullion coins. These coins are considered serial because of the pattern design of the reverse and obverse being identical or comparable for all of the coins of the given year. In addition to similarities and resemblances in the distinctive design, these coins are collective and shared in the series because they are released and issued annually, for a period of time. For example, the Platinum Panda was produced and created from 1987 to 2005, and the American Platinum Eagle from 1997 to 2008.
In 1997, The United States American Platinum Eagle coin was released and is still to this day. The Canadian Platinum Maple Leaf was circulated between 1988 and 1999, also in 2002, in Canada. Isle of Man created Platinum noble and was distributed between 1983 and 1989, they also generated platinum cat. In Australia between 1988 and 2010, they released the Platinum Koala coin. On the other hand between 1988 and 2005 China circulated the platinum Panda coin.
In Australia, there were many platinum coins that were created such as the2011, 2012 and 2013 Platinum Platypus, 1989, 1993, 2001, 2004 and 2005 Platinum Koala, and many others. The Platinum Koala is the utmost and extremely famous series of Australian platinum coins. In 1987 of June the Australian Government accepted and approved the minting of platinum coins, and traditionally accepted them as legal tender. Roughly speaking the minting of the "Platinum Koala" began around about September of 1988 in the Perth.
The Platinum Koala under no circumstances ever reached the popularity of the American Platinum Eagle, more or less was not publicized or advertised in the United States. Ever since November 1986, the Perth Mint has been used more than 18 tonnes of platinum for minting.
The Platinum Panda is a distinctive series of platinum coins, that China produced and generated from 1987 to 2005. The Bank of China minted 8,300 of one-ounce Platinum Panda coins between 1987 and 1990. Minting was discontinued in China around 2005, mostly due to the increasing price of platinum.
In 1977 and 1991 the Soviet Union produced eleven commemorative platinum coins with a 150 ruble face value. In 1980, the first five platinum coins were dedicated and given to the Moscow Olympics. The platinum coins that represented the emblem of the 22nd Summer Olympic Games, had been the remains of an ancient Olympic Game. Between the periods of 1977 and 1980 was when the Emblems were first issued, they were in two versions proof and uncirculated. In 1977 the Soviet Union was first introduced and became acquainted with the proof minting technique for the Olympic commemorative series. The platinum coins had reflected and revealing backgrounds of frosted images with excellent quality snow like pictures, they were even praised and admired by several experts.
Regardless of the large and sizable exchange of the Olympic platinum coins. Apparently with approximately about 20,000, of the 1993 series "Russian Ballet", was made and are very problematical to find at the Russian numismatic markets. This is essentially and mainly due to the level of exports to America, Europe, and Israel.
The United States clarifies that all American Eagle Platinum Coins are legal and their face value is imprinted on the United States currency. Even though their face value is ultimately and basically symbolic, it takes care of the proof of their authenticity as an official United States coinage.
How Platinum Coins are minted:
When creating millions of Platinum coins people and machines need to work completely and absolutely together, due to it being a long involved and complex process. To Mint the Platinum coins, follow these six demanding and difficult steps.
Blanking - The blanks are pressed and compelled from coil strips of metal about 13 inches by 1500 feet in a blanking press. The remaining webbing is cut in pieces and recycled. The cents is the only coin stamped onto pre completed blanks.
Annealing, Washing and Drying – The blanks are hot and heated in a galvanizing furnace to make them softer and flexible. Next they are run through a washer and dryer.
Upsetting – The good and decent blanks go up the mill, and this causes a rim to raise around their edges.
Striking – Finally they send the blanks to the coining press. This is where they are stamped and printed with the designs and inscriptions which make them genuine Untied State coins.
Inspection - Press machinists using magnifying glass due an inspection and spot check on each batch of newly struck coins
Counting and Bagging - An automatic counting machine counts the coins and drops them into huge enormous bags. Fork lifts move the pallets of sealed bags to vaults for safe storage. Trucks take the new coins to Federal Reserve Banks, then to local banks.
Respectively in 1829 and 1830, minting began with platinum three ruble coins, and continued to add additional platinum coins. The first coin was sent to the prominent German scientist Alexander Von Humboldt, who was asked to assess and evaluate the use of platinum as a currency and to confirm its price value, relative to silver. Eventually the coin became an exhibit of the Hermitage Museum in Saint Petersburg.
Minters worked with the same procedures and methods for the platinum as they did with the traditional silver coins, but platinum is double the weight of silver, and it was roughly six times more costly than silver at the time.
The platinum three ruble coin had the same identical and like size as the silver 25 kopek (0.25 ruble) coin. The weight was doubled and was therefore valued 12 times higher. The coins were minted from native Ural platinum. It was not free from such metals as palladium and iridium. The accompanying phrase "pure Ural platinum "only meant that no metal was intentionally and deliberately added in production period.
The minting was discontinued in June of 1845, due to concerns of possible economic imbalance due to the declining price of platinum. Within the next six months following
the discontinuing platinum coins, they were removed from circulation. An estimate of approximately 883,212 rubles were then in the hands of the population. Platinum coins then were not taken into thought or consideration for neither an investment nor collectible item and were willingly switched to the gold.
Many dedicated and commemorative coins were offered to significant events or anniversaries and only released and issued once. The first platinum coin of Estonia was released in 2008 to honor its 90th anniversary. In 1967 for the coronation of Taufa'ahau Tupou IV there were 400 platinum coins issued and circulated by Tonga. Several additional countries have minted commemorative platinum coins include Congo, Panama, South Africa, Portugal and France.
In 2008 for Independence Day the Estonian was issued and it included Estonia's first platinum coins. Its reverse featured a barn swallow, which is the national symbol of Estonia and the obverse showed the national coat of arms.
In 2009, the United States Mint reached out to the public to announce a six-year plan to circulate and release a new series of platinum coins, which will be designated and devoted to the fundamental principles of democracy set forth in the preamble and explanation of the United States Constitution.
Platinum coins are a very popular asset for investment, most banks out there can sell you platinum coins, but yet only a few buy them. It is best to have an experienced
professional along when buying platinum coins at banks, due to the required evaluation
needed. The purchase price will continuously need adjusting, especially if there was bad handling in anyway of the platinum coin. This is why most platinum coins are sealed in a transparent plastic straight after they are removed from the press. Platinum coins should be put away for safekeeping and stored in a dry room, with the moisture and humidity being below 80%. By chance if someone chooses or decides to remove the platinum coin from the plastic seal, it is suggested and recommended at that point not to store it in a PVC album. Because the PVC molecules will gradually and slowly break down, and will be releasing and discharging organochloride compounds
which produce patina on the coins. These mixtures of compounds may also form acids by responding and reacting with moisture. Nevertheless, this is true for all unprotected coins, platinum coins are prone to contamination which can be caused even by washing your hands with (chlorine containing) tap water.
Platinum bullion coins are a good way for investors to purchase pure platinum. They are easy to grasp, distribute and exchange and are widely held as well as issued by
two government mints, the United States Mint and the Royal Canadian Mint.
IF you are looking to buy platinum, your best option is to purchase platinum bullion coins. Their value does change through time, but remember the better you take care of your coin the more it will be worth.
- Gold coins (13)
- Gold bars (15)
- Silver coins (15)
- Silver bars (8)
- Platinum coins (2)
- Platinum bars (4)
- Palladium bars (1)