At the time of original publication, the article described the following: People interested in collecting foreign platinum coins benefit from learning the fundamentals. That background can help investors make informed choices about buying and selling platinum coins. Foreign platinum coins are fairly accessible in the United States, although some can still carry substantial value. This article offered several considerations for handling international platinum coins.
Learn Coin Terminology
Learning accurate terminology and developing knowledge of coin features can help investors make better-informed decisions, seek better prices, and connect with others who genuinely collect coins. For that reason, prospective collectors should become familiar with terms including “uncirculated coins,” “intrinsic value,” “high relief coins,” and “mint marks.”
Identify Pieces Eligible for an IRA
Collectors seeking to include platinum coins in retirement savings needed to follow the IRS guidelines discussed in the original article. It stated that the IRS permitted platinum coins meeting purity standards of 99.95% platinum or 0.9995 fineness in a precious-metals IRA (Individual Retirement Account). International platinum coins also had to be issued by an approved foreign government mint.
Look for the Most Popular Coins
Successful coin collecting depends in part on understanding an item’s market price and demand. The original article identified the following as some of the more popular foreign platinum coins:
- Austrian Platinum Vienna Philharmonic
- Canadian Platinum Maple Leaf
- Australian Platinum Koala
- Isle of Man Noble (Noble Manx)
- Chinese Platinum Panda
Platinum Bullion Coins Compared With Bars
Coins made from platinum, gold, and other precious metals are often easier to buy and sell than bars made from the same metals. The article attributed this mainly to coins being government-issued legal tender. It also stated that the issuing country guarantees compliance with the Mint’s strict weight and dimension standards. Platinum and other precious-metal coins may be easier to sell as well, because their detailed designs are difficult to counterfeit. By comparison, verifying that a platinum bullion bar is genuine can take considerable time.
Find a Dependable Dealer
When this article was originally published, readers ready to begin investing in platinum coins were told that Atlanta Gold & Coin Buyers had knowledgeable coin dealers, a large inventory of rare coins, competitive rates, and investor-focused services. Readers were invited to schedule a free, no-obligation evaluation of coins in a collection by calling 404-236-9744 or reaching out online.
