Platinum, the sister metal of gold and silver, is no longer typically seen in the investment industry. The metal was discovered in the 16th century but only in the 18th century was it discovered in abundance. Throughout the world of finance, platinum isn't made use of as legal tender. It is still available today yet not as needed as it was then. Only the most renowned coin manufacturers around the world mint coins made of platinum.
Platinum was discovered by the Americans natives but it was only in the conquest of Spain of the American continent was it accepted by European scientists as a precious metal. According to research made by earlier European scientists, platinum was found to be an element that will not liquefy using fire. This discovery eventually paved the technique for the manufacture of coins made of platinum.
Platinum wasn't abundant with supply. Until now, Columbia remains to be the only principal producer of this commodity throughout the world and it's ceased exporting this rare metal. It was actually in the late 19th century that platinum was seen to be quite as precious as silver and gold. This happened after the Russian government began making the element into roubles and minted 500,000 ounces using it. This was the earliest platinum coins.
When the value of platinum became higher with the Embargo on Arab Oil episode 35 years ago, demand for the metal increased. The demand for platinum coins also spread out all over Europe and the United States wherein two platinum fabricators, particularly Johnson Matthew & Co. Ltd. and Engelhard Corporation began minting platinum bullion in one and ten ounces.
In November 1983, the first ever Noble platinum coin was issued in The Isle of Man. This sparked the interest of various coin manufacturers to mint their coins made of platinum including Australia and Canada. The manufacturing of the platinum bullion coin didn't happen in the US until the late nineties with the release of the first American Eagle Platinum coin.
Platinum is not utilized globally as a sort of legal tender in spite of the launch and manufacturing by renowned coin makers around the world. Some of the platinum coins these days became a sort of a collector's item rather than an accepted legal tender. Only these coins made of platinum are still in the industry: American Platinum Eagle, Australian Platinum Koala, Isle of Man Noble, Russian Federation platinum bullion coins, and Chinese Platinum Panda.
Among the collection, only the mintage of American Platinum Eagle has continued with the recent minting carried out in three years ago. Apart from the American Eagle, manufacturing of nearly all platinum coins has discontinued.
There came an occasion when platinum traded in approximately similar price of gold, the exact reason why investor interest for the precious metal went up. It was this trade value which brought about the entire production of Platinum Eagles in 1997 and 1998. But, after the worth of platinum pushed even greater, investor interest lessened, decreasing the manufacturing of the platinum coins as well. Present price for this metal is approximately $1,041.
Platinum was discovered by the Americans natives but it was only in the conquest of Spain of the American continent was it accepted by European scientists as a precious metal. According to research made by earlier European scientists, platinum was found to be an element that will not liquefy using fire. This discovery eventually paved the technique for the manufacture of coins made of platinum.
Platinum wasn't abundant with supply. Until now, Columbia remains to be the only principal producer of this commodity throughout the world and it's ceased exporting this rare metal. It was actually in the late 19th century that platinum was seen to be quite as precious as silver and gold. This happened after the Russian government began making the element into roubles and minted 500,000 ounces using it. This was the earliest platinum coins.
When the value of platinum became higher with the Embargo on Arab Oil episode 35 years ago, demand for the metal increased. The demand for platinum coins also spread out all over Europe and the United States wherein two platinum fabricators, particularly Johnson Matthew & Co. Ltd. and Engelhard Corporation began minting platinum bullion in one and ten ounces.
In November 1983, the first ever Noble platinum coin was issued in The Isle of Man. This sparked the interest of various coin manufacturers to mint their coins made of platinum including Australia and Canada. The manufacturing of the platinum bullion coin didn't happen in the US until the late nineties with the release of the first American Eagle Platinum coin.
Platinum is not utilized globally as a sort of legal tender in spite of the launch and manufacturing by renowned coin makers around the world. Some of the platinum coins these days became a sort of a collector's item rather than an accepted legal tender. Only these coins made of platinum are still in the industry: American Platinum Eagle, Australian Platinum Koala, Isle of Man Noble, Russian Federation platinum bullion coins, and Chinese Platinum Panda.
Among the collection, only the mintage of American Platinum Eagle has continued with the recent minting carried out in three years ago. Apart from the American Eagle, manufacturing of nearly all platinum coins has discontinued.
There came an occasion when platinum traded in approximately similar price of gold, the exact reason why investor interest for the precious metal went up. It was this trade value which brought about the entire production of Platinum Eagles in 1997 and 1998. But, after the worth of platinum pushed even greater, investor interest lessened, decreasing the manufacturing of the platinum coins as well. Present price for this metal is approximately $1,041.
