Platinum Coins
Platinum coins are an ancient form of money. Platinum is internationally recognized as a form of currency under ISO 4217. Platinum bullion coins contain the American Platinum Eagle and the Canadian Platinum Maple Leaf.
The first platinum coins issued in Russia in 1828 were three-ruble pieces, followed by five-ruble pieces in 1829, and twelve-ruble pieces in 1830. It was not until the 1970s that any more platinum coins were issued. The first country to issue them was Israel, in 1973; the next country was Panama, in 1976. Russia (USSR) reinstates the issue of platinum coins from 1977 to 1961, with a number of one hundred- and fifty-ruble coins containing about a half ounce of platinum apiece.
Russia has issued platinum coins since 1992, in denominations of 25 rubles, containing a tenth of an ounce of platinum, and 50 and 150 rubles, containing a half ounce. In the year 1981, Lesotho issued two hundred and fifty platinum Maloti coins that control a half-ounce of platinum.
The American Eagle platinum coin is fashionable and is admired by investors and collectors who find the coin's beauty to be mesmerizing. All these coins have a U.S. dollar face value stamped on them, validating and confirming them as official U.S. tender. A one-ounce platinum coin has the peak face value -a hundred dollars- ever to appear on a U.S. coin. The amount of platinum in these coins determines their value and not the face value itself.
Platinum is priced according to the current market "spot price" as well as the premium per coin. The spot price of platinum (and all precious metals) is reported every business day by all major newspapers, television networks, by radio, and online. Platinum coin prices differ according to the purity and grade of the metal. The prices of these coins range from a $100 to $1000.
The Internet is a excellent source for finding the right type of coin, and Eagle is one of the companies that cater to this need by providing feature products to their customers. Coin collectors may find it very simple to sell their coin funds online.
Author: Damian Sofsian
Article Source: EzineArticles.com
Provided by: Canada duty rates
