Platinum Coins: A Precious Metal Often Overlooked — History, Utility, and Why It’s Different from Gold and Silver
- GoldsilverJapan
- 5 days ago
- 4 min read
When most investors think of precious metals, gold and silver dominate the conversation. But there’s a third player that has both industrial value and precious rarity: platinum.And for collectors and forward-thinking investors, platinum coins are an intriguing and often overlooked opportunity.
In this article, we’ll cover:
✅ The history of platinum coinage✅ Platinum’s role in industry and technology✅ Key differences between gold, silver, and platinum✅ Why platinum coins may deserve a place in your portfolio
A Brief History of Platinum Coins
Platinum is a relatively recent addition to the world of coinage compared to gold and silver. The metal wasn’t widely recognized or refined until the 18th century.
Early Use
18th century Colombia: Spanish colonists discovered platinum, but initially saw it as a nuisance mixed with gold.
19th century Russia: Russia began minting platinum coins (1828–1845) under the rule of Tsar Nicholas I. These coins were issued in denominations of 3, 6, and 12 rubles and were among the earliest known official platinum coinage in history.
Modern Era
The first modern platinum bullion coin came from Canada in 1988, with the release of the Platinum Maple Leaf.
The American Platinum Eagle followed in 1997, and other mints like the Isle of Man, Australia (Koala), and Russia also joined the market.
Today, platinum coins are primarily bullion coins for investment, but also occasionally released as proof coins for collectors.
Industrial Usage of Platinum: Beyond Bullion
One of the major distinctions between platinum and gold/silver is its widespread industrial use. Unlike gold, which is primarily monetary or ornamental, platinum plays a major role in modern technology:
Key Industrial Uses:
🔹 Automotive industry: Used in catalytic converters to reduce harmful emissions🔹 Medical applications: Found in pacemakers, dental equipment, and anti-cancer drugs🔹 Electronics: High resistance to corrosion makes it ideal for connectors and sensors🔹 Hydrogen economy: Platinum is vital in hydrogen fuel cell technology
Because of this, platinum prices are partially driven by industrial demand, making its market behavior different from gold and silver, which are more sentiment-driven.
Platinum vs. Gold vs. Silver: Key Differences
Feature | Platinum | Gold | Silver |
Rarity | Rarer than gold | Highly sought after | Most abundant |
Main Use | Industrial + investment | Monetary + investment | Industrial + investment |
Volatility | Higher (industrial demand sensitive) | Lower (safe-haven asset) | Moderate to high |
Purity in coins | .9995 (standard for platinum coins) | .999 or .916 (22K) | .999 or .9999 |
Typical coin weight | 1 oz, 1/2 oz, 1/4 oz, 1/10 oz | Same | Same |
Storage & Handling | Requires careful storage (dense, scratches easily) | Stable | Tarnishes over time |
Investment Takeaway:
Gold is the traditional hedge in crises
Silver offers affordability and upside, but storage space and tarnish can be issues
Platinum offers a rare hybrid: industrial strength with precious metal scarcity
Notable Platinum Bullion Coins
Here are some of the most recognized platinum coins in the global market:
🇨🇦 Canadian Platinum Maple Leaf
First issued in 1988
.9995 fine platinum
Face value: CAD $50 (1 oz)
🇺🇸 American Platinum Eagle
Launched in 1997
Only U.S. coin ever to have a different reverse design each year (proof version)
Face value: $100 (1 oz)
🇦🇺 Australian Platinum Koala
Produced by Perth Mint
Known for its annually changing koala design
High demand among Asian investors
🇷🇺 Russian Platinum Coins
19th century ruble coins are highly collectible
Modern issues also available for bullion investment
Why Platinum Coins Are Gaining Popularity
In recent years, platinum has gained attention due to:
✅ Rising industrial demand in clean energy (hydrogen economy)✅ Undervaluation compared to gold historically (platinum was often priced higher than gold before 2010)✅ Scarcity — annual platinum production is only about 5% of silver and 10% of gold
Combined with limited mintage and premium designs, platinum coins offer both collectible and strategic value.
Challenges of Investing in Platinum Coins
⚠️ Lower liquidity compared to gold/silver coins (fewer buyers)⚠️ Higher premiums due to lower production volume⚠️ Price volatility tied to the industrial cycle⚠️ Storage — heavy and scratches more easily than gold
Still, for a well-diversified metals portfolio, holding even a small percentage in platinum can provide inflation protection with unique growth potential.
Final Thoughts: Platinum Coins Are the Hidden Gem of Precious Metals
While gold and silver have dominated the spotlight, platinum coins combine beauty, rarity, and practical industrial value.
They may not be for everyone, but for serious investors, collectors, and those looking to hedge beyond traditional options, platinum coins offer a compelling blend of scarcity and substance.
Buy Platinum Coins at GoldSilverJapan
At GoldSilverJapan, we offer:
✅ Authentic platinum coins like the Maple Leaf, American Eagle, and Koala✅ Transparent pricing based on live platinum spot price✅ Buyback guarantee for liquidity✅ Japanese and English support for collectors and investors✅ Limited-edition and proof coins for advanced buyers
Explore Our Platinum Coin Collection Today
GoldSilverJapan — Your trusted source for global bullion in Japan.

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