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By accepting credit card payments, an online dealer is responsible for merchant fees of up to 4% for each transaction. Typical merchant fee surcharges are higher than a bullion dealer’s entire product margin. Each dealer may have different procedures when it comes to locking in prices on precious metals. A brick and mortar store, for example, may set prices at the beginning of the day and adjust those prices based on market movement. Aside from bullion, “paper platinum” is also available in the form of ETFs and certificates.

  • There are many differences between brick and mortar coin shops and online bullion dealers.
  • All coins issued after 2009 feature Susanna Blunt’s fourth-generation image of the reigning monarch of the United Kingdom.
  • The platinum spot price is the price of platinum available for delivery now.
  • When it comes to physical platinum, bars and rounds typically carry the lowest premiums over spot price.
  • The dealer premium, as it is often called, represents the price at which a dealer will buy platinum or other metals and the price at which a dealer will sell platinum or other metals.
  • Of course, mining issues or other factors could potentially cause the price of platinum to move significantly different than the prices of gold or silver.

At JM Bullion, when you add products to your Cart, the product prices are “fluid” and will continue to change until you advance to Checkout. It is the only bullion coin from the United States Mint to feature new obverse designs each year and often features a new reverse design as well. The 1997 debut featured the same obverse and reverse images as the bullion coin. Similarly, the 2017 Proof Platinum Eagle brought those designs back to the proof collection to mark the 20th anniversary of the program. In general, the United States Mint selects different program themes for its Proof Platinum Eagle Series. Platinum backed exchange traded funds, for example, are designed to hold physical platinum and are purchased by some investors looking to gain exposure to platinum.

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The platinum spot price is the price of platinum available for delivery now. Platinum is priced by the troy ounce, which has been the standard weight for precious metals since the 1800s in the US and much longer elsewhere in the world. The spot price of platinum is influenced by several factors including the state of the economy, political events, strength of various currencies, and many other macroeconomic factors. Spot prices are used as reference points for dealers to calculate the price they should charge for physical platinum bullion coins, rounds and bars.

The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out. The Austrian Platinum Philharmonic and Somalian Platinum Elephant coin both debuted in 2016. Both coins are available only as 1 Troy oz specimens with .9995 pure platinum content. The Austrian Platinum Philharmonic features the same obverse and reverse design elements used on the Gold Philharmonic and Silver Philharmonic coins from the Austrian Mint.

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The United States platinum eagle, for example, has a face value of $100. This is the highest face value to ever appear on a United States bullion coin. The price of the coins, however, is based on the coin’s platinum content, not the face value. Over the past decade or so platinum prices have increased overall, catching the attention of many investors.

American Platinum Eagle

Designed by Chief Engraver Thomas Pesendorfer, the obverse includes the Golden Music Hall where the Vienna Philharmonic Orchestra performs. The reverse depicts a collection of musical instruments used by the members of the orchestra. Platinum prices can exhibit volatility just as any other commodity can. In addition, stocks can exhibit a large degree of volatility at times, as well. Online dealers typically utilize a live price feed that automatically adjusts their prices. When buying platinum or other precious metals online, different dealers have different procedures when it comes to locking in a price.

Platinum Coins

The price of platinum could go lower just as easily as it could go higher. When one buys an American Platinum Eagle, for example, the value of the coin may go up based on rising platinum prices, but it can also go up on rising coin premiums. The bottom line is, if one is looking to acquire platinum or precious metals, then paying dealer premiums is part of the equation that must be considered.

PLC Breakdown

With the pace of economic activity and commerce in modern society, it is important that market participants have access to markets in where they have financial interests or price risk exposure. If you would like to know where to buy PLATINCOIN at the current rate, the top cryptocurrency exchanges for trading in PLATINCOIN stock are currently Bibox, Coinsbit, and HitBTC. To check PLATINCOIN’s price live in the fiat currency of your choice, you can use’s converter feature in the top-right corner of this page. If you are new to crypto, use the University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.

This allows our customers to keep their transaction fees on platinum bullion purchases to an absolute minimum. In the USA, certain states have sales tax on platinum bullion products. Depending on which state you are located in, and where you purchase your silver, you may be liable to pay sales or use tax on the purchase. For more information on individual states, reference our local buying guide. The potential manipulation of precious metals prices has been a hot topic of debate for some time. One can search online for information on this topic and try to draw his or her own conclusions.


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