1 oz Platinum Bullion Price Charts

Platinum coins have the advantage of containing a precise, consistent weight and purity, along with uniform dimensions, making it easy to verify their authenticity without destructive, costly and time consuming assaying. Secondly, investment grade platinum coinage represents legal tender of the government's mint that issues them, and as such, generally receive favored status in tariff-free trading across the globe. Finally, it is generally agreed that coins, like the Platinum American Eagle and the Platinum Canadian Maple Leaf, are more valued due to their aesthetic appeal being struck in great detail from mint engravings.

Platinum bullion prices can be quite volatile at times. Like gold, platinum is a commodity that trades freely and with great liquidity across the globe. Though platinum is generally more volatile than gold prices, platinum prices have historically been less volatile than silver prices and palladium prices.

Not only is platinum coinage money, but it is often referred to as real money, much like other forms of physical metal. To truly be a “platinum coin” it must be legal tender of the government that issues it. Because the face value of platinum minted coins are beneath the intrinsic value of its bullion, platinum coinage is not used in commerce.  For information about investing in platinum and our current platinum prices, visit our online resources or call a Monex account representative at 800-444-8317.

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.

Monex does not offer any products at spot prices. The true spot platinum price is merely a benchmark per-ounce price that acts as a reference associated with the present month of the COMEX futures contract. In fact, a genuine spot platinum price is not truly a quote at all, as it is not where dealers offer to buy or sell. Monex offers a two-way buy/sell market with quoted Ask and Bid prices. Ask prices for platinum products reflect competitive marketplace conditions for a particular type of platinum investment. There are, however, charges that accompany transactions including buy/sell fees, shipping expenses or storage charges. Monex quotes extremely competitive prices for platinum bullion depository delivery and publishes buy/sell commission charges commensurate with the size of a transaction. For greater transparency, the Monex live spot platinum price for its 11-hour trading day can be found here on our Live Prices page and by using the Monex Bullion Investor smartphone app available for both Apple and Android smartphones.

Monex can arrange for the secure storage of your platinum bullion or coin investments. Monex will deliver your platinum with full title and ownership in your name to one of the independent bank/depository facilities that provide storage for Monex customers. When your metal is received by the bank/depository, the custodian of the facility will send you a document acknowledging the receipt and ownership of the platinum being stored in your name.

The face value of a platinum coin is low in regards to its intrinsic commodity melt value. Therefore, the face value is relatively unimportant and really does not affect its worth. However, having any government currency value is hugely important because that makes it a government guaranteed legal-tender coin and not an unsupported bullion ingot/round. If a government mint were to issue platinum coins with face value exceeding its commodity value, it would affect its worth.

The best places to get information for investing in platinum bullion would be our Platinum Investing page. You will also be able to subscribe to our Precious Metals Review (PMR) and our Precious Metals News section. Both of these subscriptions help to keep you informed on up-to-date information on the precious metals markets.

Monex guarantees the authenticity and fineness of all of its bullion bars and coins. All platinum bullion bars are imprinted with the refiner’s name, exact weight and fineness. All platinum coins are produced by government mints. Platinum coins have an extraordinary benefit in that platinum is more dense than gold and by making a precise size measurement by digital caliper and using a precise digital scale for weight, one can verify the commodity’s special advantage of being the heaviest of the precious metals.