If you want to add platinum to your investment portfolio, American Platinum Eagle coins are a great place to start. These relatively new coins are the only platinum coins whose weight, content, and purity are backed by the U.S. government. Is the American Platinum Eagle the right coin for you? Here is what you need to know.
Characteristics of the Coin
The American Platinum Eagle coin is the only official platinum bullion coin in the U.S. and was issued in 1997 after being approved by Congress one year prior. The coins are a legal tender. The versions with the biggest face value—$100—have the highest value of any U.S. coin. In addition to coins created for investment purposes, proof and uncirculated versions of the coins are available for collectors. The coins are available in one-tenth troy ounce, one-fourth troy ounce, one-half troy ounce, and one troy ounce denominations. The American Platinum Eagle coin is acceptable for retirement accounts in the U.S. because the government considers it a commodity rather than a rare collectible coin.
Value of the Coin
For precious metal investors, platinum is an attractive diversification from traditional gold and silver investments. In fact, while many see gold as the world’s most valuable metal, platinum actually holds that title. Platinum’s rarity is what makes it so valuable. It is mined over 100 times less than silver and close to 20 times less than gold. Platinum also retains such a high value because of its multiple uses. Like gold, it is a prized material for jewelry, but it is also used industrially much more than gold. The limited supply plus multi-avenue demand is what makes investing in platinum such a smart choice.
For the best prices on this coin and an enormous selection of other coin and bullion choices, turn to California Numismatic Investments. In addition to our guaranteed pricing, you also get the benefit of working with a company that has over 30 years of experience in the precious metals business. Learn more about our prices and get answers to your questions about the metals market by calling (800) 225-7531.