Platinum is a very rare metal, and the world's most valuable coin contains 1 karat of pure platinum. Because it is so rare, it typically costs more than an equivalent weight in gold. It also has uses in electronics and industry, such as for creating chemical compounds. These factors also contribute to its higher price compared with some other precious metals.
The Platinum Bullion Coin Act of 1985 established the Canadian Platinum Maple Leaf coin and began production of these coins in 1986 after a few years getting everything ready for this type of coinage. The Canadian government guarantees that the coins contain one kilogram (32.15 troy ounce) of 99% pure platinum; they are legal tender with a face value of 50 Canadian dollars.
The world's most valuable coin is also produced by the Royal Canadian Mint, but not in a standard size for currency. This 1 kilo platinum coin has a face value of $1 million Canadian funds, and it contains one kilogram of 99.95% pure platinum.
The Royal Canadian Mint issues these coins with a purity level of .9995, which means they are almost entirely free of impurities - only one part per every 100,000 is permitted to be other elements. Platinum bullion coins are great investments because they are easily tradable commodities that retain their value even during market fluctuations; platinum offers an excellent inflation hedge due to its scarcity and because it does not require refiners or smelters. Platinum coins are not only a good investment for long-term savings, but also make an excellent gift choice for special events such as graduations and birthdays.
The platinum spot price per troy ounce is typically $30 more than gold. The interesting thing about the spot price is that it changes every day and is determined by how much you can purchase a troy ounce of platinum for in the global marketplace. Currently the per gram platinum rate has decreased from last week to now $32.37 Canadian dollars per gram or $1,225 per troy ounce.
What is quality of platinum coins buy from canada?
The Royal Canadian Mint produces platinum coins with a purity level of .9995, which means they are almost entirely free of impurities - only one part per every 100,000 is permitted to be other elements. Platinum bullion coins are great investments because they are easily tradable commodities that retain their value even during market fluctuations; platinum offers an excellent inflation hedge due to its scarcity and because it does not require refiners or smelters. Platinum coins are not only a good investment for long-term savings, but also make an excellent gift choice for special events such as graduations and birthday.
Platinum coins are a great investment because they are easily tradable commodities that retain their value even during market fluctuations; platinum offers an excellent inflation hedge due to its scarcity and because it does not require refiners or smelters. Platinum coins are not only a good investment for long-term savings, but also make an excellent gift choice.
