Everything You Should Know About Platinum
We have to start by saying that platinum is one of the purest, rarest, and most precious metals that you can find on the market. It is the part of the platinum group and the fundamental properties mean that they are stronger and harder than gold.
It is valuable consideration for metallic bonding, and due to the idea that it comes with a high melting point, you will be able to use it for various applications. Platinum Eagles are perfect investment points that you can make wherever you are.
Have in mind that platinum tends to have similar properties as silver, but it is much stronger and harder especially when compared with gold, which is why people use it for metallic bonding since it comes with a high melting point when compared with other precious metals that you can find on the market.
You should have in mind that Spanish people discovered Platinum back in the 16th century, and called it platina, which means a little silver. At the same time, you should remember that most worlds’ platinum nowadays is coming from South Africa and Russia.
During the early 18th century, most metallurgists across Europe decided to explore its use for various industrial applications. However, the main problem was the inability to melt it down on fire.
However, at the very end of the 18th century, people found ways to melt it, and artisans started using them in overall. During the 19th century, scientists have found that platinum is highly related to platinum group metals.
We are talking about rare metals that are combined so that you can get a thick alloy that will stand the test of time.
Industry Applications of Platinum
We have to start by saying that historically speaking, platinum has been used for jewelry due to its shine and aesthetical appeal. It was a favorite choice among other metals that were highly soft because it can resist scratches and nicks.
It is also a much better solution that you can find on the market than gold and other types of precious metals since it is much scarcer and it is an expensive solution that will protect your assets in the case that you decide to invest in it.
At the same time, platinum comes with industrial uses in various applications such as components in cell phones, and consumer’s electronics and electrical contacts as well.
However, nowadays, people are using it for catalyst converters in cars, which is the main idea why demand increased in the last few years.
This is important to understand since platinum features unique properties, which makes it a perfect solution as a car catalyst because it can convert fumes into water vapor and carbon dioxide.
It is also a common choice in dentistry, medicine and to purify groundwater and hydrogen gas as well.
What about Platinum Coins?
When it comes to coinage, you should have in mind that platinum has never been used for circulation unless you consider some pieces issued by Russia in the 19th century, but it was challenging to distinguish it from silver.
You should have in mind that at the beginning of the ‘70s, the metal has been used for bullion coinage in the USSR and afterward in Canada, Australia, and other countries as well.
By visiting this website: https://en.wikipedia.org/wiki/Platinum, you can learn more on this particular precious metal.
The first platinum bullion series were Australian Koala as well as Canada’s Maple Leaf, and Chinese Panda. Since the coins became more and more popular, financial and, public investors wanted that the USA starts to make them as well.
That led to the point where you can purchase American Platinum Eagles and other coins as well within the USA mints.
When it comes to Platinum Eagle Series, you should remember that it was developed due to the input of precious metal and numismatic community. Law authorized it under ‘96s law, and the first version entered the market in June 1997.
From that moment forward, every single bullion coins issued by the U.S mint entered Thomas Rogers and John Mercanti. The series introduced the market in 2008 and four sized, and the proof versions feature a different design on each issue that was published on an annual basis.
That is the main reason why you should learn everything on platinum coins so that you can use them for investment purposes because they can retain the value with ease.