1 oz Platinum Bars
What to Know Before Ordering
1 oz Platinum Bars at a Glance:
- 1 Troy ounce of .9995 pure platinum
- Hallmarked with weight and purity certification
- Manufactured by a world-leading refinery
- Eligible for Precious Metals IRAs
- Sold individually
Monex proudly offers one ounce platinum bars for sale online or by contacting one of our knowledgeable Account Representatives. Should you have questions or need more information, call us today.
Monex account representatives are available between 5:30 a.m. and 4:30 p.m. Pacific time each Monday through Friday (except national holidays) and on many weekends.
1 oz Platinum Bars Design and Specifications
Although platinum is often mistaken for silver, the metal’s consistency, scarcity, and industrial demand are undeniably different. Expanded use in multiple industries coupled with fluctuating availability creates shifts in platinum’s supply and demand dynamics. These shifts result in price changes, attracting investors to the potential opportunity within the market’s volatility. Because of the possibility of future price swings, the metal will continue to pique interest in platinum investments, and therefore, high liquidity and an active marketplace.
Exceptionally easy to store, stack, transport and sell, each one ounce platinum bar consists of at least .9995 pure platinum and is hallmarked by a leading refinery to certify weight and purity. For larger investments, Monex also offers 10 oz platinum bullion bars.
With billions of dollars in transaction volume, a sizable buy-and-sell market, and consistently competitive prices, Monex remains a preferred source for buying 1 oz platinum bars.
People Also Ask
Why should I invest in platinum bars?
Investors and experts have often recommended that 10% to 20% of an investor’s assets should be invested in precious metals but the reasons for investing don’t stop there. Throughout history, precious metals, including platinum, have been used to hedge against a declining U.S. dollar. In times of uncertainty, an investment in platinum bullion could also offer outstanding price appreciation and profit.
How much platinum is needed to diversify a portfolio?
For those that appreciate how platinum could work to improve investment reward vs volatility/risk in a portfolio, it is recommended that a minimum of 10% of an investment portfolio should be in precious metals, such as platinum. However, investors often purchase more when economic or geopolitical uncertainty in the markets and around the world rises. Your preferred mix of assets will always be dictated by your personal views and preferences.
Where can I see live Monex prices for platinum?
The best place to find live prices for platinum is on the Monex Live Prices page and through the Monex Bullion Investor smartphone app available for both Apple and Android smartphones. Along with platinum you will also have access to live prices for gold, silver, and palladium.
Visit our Live Prices page for up to the minute precious metals pricing or visit our platinum price charts page to view historical platinum pricing data.
What is the difference between platinum bars and platinum coins?
Platinum coins are more aesthetically pleasing, containing amazing designs such as those found on the Platinum American Eagle coins. Though platinum bullion does not contain such striking imagery, solid platinum ingots, like 10 oz. Palladium Bullion bars, are extremely beautiful to hold and an incredible precious metal to own. Ten ounces of platinum bullion and 10 one ounce coins have the same intrinsic value, but investment grade platinum coins trade at a premium while having the advantages of their smaller format and improved authenticity features.
Are platinum purchases reportable for tax purposes?
Your purchases of platinum do not require reporting to the IRS. Reportable platinum products include your sale of 25 ounces or more of platinum bullion. Feel free to discuss any questions you may have regarding reportability of precious metals with your Account Representative.
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