Platinum coin
Platinum coins are a form of
History
Platinum was first used for minting coins in Spanish-colonized America. Following the discovery of platinum in gold rocks, the Spaniards were unable to use it for a long time because they had no technology for processing this metal. The then-cheap platinum was used for various kinds of frauds, such as substituting it for the more expensive silver. After the discovery that platinum alloys with gold, counterfeiters began to add it to gold coins. The platinum confiscated from counterfeiters was likely thrown into the sea, in accordance with the royal decree of 1735, however this is not confirmed, and it may be that only a few kilos were ever thrown into rivers. Later, the practice of adding platinum to gold as a ligature was adopted by the authorities in Spain in order to lower the gold content of coins.[1] Also in Spain, in the mid-19th century, counterfeiters began producing British Sovereigns out of a gold-plated alloy of platinum and copper, relying on a similar specific weight of platinum and gold.[2]
In 1814, the United States struck a pattern half dollar in platinum.
In the late 1820s, the British Royal Mint produced several trial coins as part of experiments on the use of platinum in coins. One of these coins has the same diameter as a
The only case when platinum coins were used as a regular national currency
Since 1983, other countries have begun regular minting of platinum coins.[7] The most notable examples are the Platinum cat,[8] and Platinum Noble by the Isle of Man, Canadian Platinum Maple Leaf,[9] Chinese Platinum Panda and Australian Platinum Koala.[citation needed]
The minting of a trillion-dollar platinum coin was proposed as a solution to the 2023 United States debt-ceiling crisis.
Platinum coin series
Several other countries have issued platinum coins, but only as bullion coins. These coins are considered serial because the design of the reverse and obverse is the same or similar for all the coins of a given year. In addition to similarities in design, these coins are combined in the series because they are issued annually for a period of time. For example, the Platinum Panda was produced from 1987 to 2005, and the American Platinum Eagle from 1997 to 2008.
Country | Name | Release year |
---|---|---|
United States | American Platinum Eagle | 1997–Present |
Canada | Canadian Platinum Maple Leaf | 1988–1999, 2002 |
Isle of Man | Platinum Noble | 1983–1989, 2016 |
Isle of Man | Platinum Cat | ? |
Australia | Platinum Koala |
1988–2010 |
China | Chinese Platinum Panda | 1988–2005 |
Austria | Vienna Philharmonic | 2016–Present |
United Kingdom | Britannia | 2018-Present |
Single issues
Many commemorative coins were dedicated to a significant event or anniversary and issued only once. For example,
The Estonian issue began on 24 February 2008 – Independence Day – and included silver, gold and platinum coins. The platinum coin was a first for Estonia. Its reverse featured a
Investing in coins and their storage
Platinum coins are a popular investment, and each year the number of such coins sold by
See also
- Platinum coins of Russia:
- Precious metal coins
- Platinum as an investment
- Trillion-dollar coin
- 1814 platinum half dollar
References
- ^ a b N. Kudryashov (2000). Серебришко, которое платина [Silver which is platinum]. Nauka i Zhizn (in Russian). 6. Archived from the original on 12 January 2023. Retrieved 28 December 2010.
- ^ "Information about platinum coins". Archived from the original on 12 January 2023. Retrieved 13 November 2009.
- ^ "From the Grading Room: 1825 Great Britain Pattern Farthing Mule, Struck in Platinum". Archived from the original on 4 March 2012. Retrieved 13 November 2009.
- ^ А. Portnow. "Платиновая трагедия России" [Platinum tragedy of Russia]. Archived from the original on 20 June 2010. Retrieved 4 September 2009.
- ^ Платиновые монеты [Platinum Coins] (in Russian). coinsrussia.ru. Archived from the original on 30 June 2009. Retrieved 11 October 2009.
- ^ База данных по памятным и инвестиционным монетам [Database on Commemorative Coins] (in Russian). The Bank of Russia. Archived from the original on 27 September 2009. Retrieved 11 October 2009.
- ^ "Platinmünze – Noble" (in German). Archived from the original on 12 January 2023. Retrieved 11 October 2009.
- ^ "Isle of Man Brilliant Uncirculated Platinum Cats". Archived from the original on 12 January 2023. Retrieved 11 October 2009.
- ^ "Platinum Bullion, Platinum Coins, & Platinum Bars". Archived from the original on 27 August 2009. Retrieved 29 October 2009.
- ^ "10,000 Leva 1993: Republic of Bulgaria's Association with the European Community – Desislava". Archived from the original on 12 January 2023. Retrieved 2 February 2021.
- ^ Bruce, p. 2202
- ^ Bruce, p. 1618
- ^ Bruce, p. 834
- ^ a b c Платина республики (in Russian). 28 February 2009. Archived from the original on 11 January 2012. Retrieved 10 September 2009.
- ^ "MEENEMÜNDID (Commemorative coins of Estonia)" (in Estonian). Eesti Pank – Bank of Estonia. Archived from the original on 13 January 2012. Retrieved 10 September 2009.
- ^ "Estonian Bank will present three produced to mark the 90th anniversary of the Republic of Estonia commemorative coins". 19 February 2008. Archived from the original on 11 January 2012. Retrieved 10 September 2009.
- ^ Юбилейные монеты принесли Банку Эстонии за три часа 5,7 млн крон [Commemorative coins have brought to the Bank of Estonia 5.7 million euros within 3 hours] (in Russian). 26 February 2008. Archived from the original on 12 June 2010. Retrieved 10 September 2009.
- ^ "Sale of banknotes, coins, commemorative sets". Bank of Estonia. Archived from the original on 20 July 2010. Retrieved 10 September 2009.
- ^ Какие монеты сегодня в цене [What coins are valued today] (in Russian). 1 February 2007. Archived from the original on 17 December 2011. Retrieved 5 October 2009.
- ^ Инвестиции, инвестирование в монеты. Инвестиционные монеты [Investment, investing in the coins. Bullion coins] (in Russian). Archived from the original on 10 December 2010. Retrieved 5 October 2009.
- ^ Список дополнительных офисов ОСБ г. Москвы, осуществляющих операции по покупке-продаже монет из драгоценных металлов, покупке-продаже слитков из драгоценных металлов, открытию и ведению ОМС [Branches of Sberbank of Russia in Moscow, performing operations on purchase and sale of precious metal coins] (PDF) (in Russian). Archived (PDF) from the original on 13 March 2012. Retrieved 6 October 2009.
- ^ Снижает ли стоимость монеты неправильное хранение? (in Russian). Ural Bank of Sberbank of Russia. Archived from the original on 1 September 2011. Retrieved 6 October 2009.
- ^ a b Чистка древних монет [Cleaning and storing ancient coins] (in Russian). Archived from the original on 7 September 2009. Retrieved 4 October 2009.
- ^ Монеты не подлежащая оценке-2 [Coins which are not redeemed] (in Russian). sobirau.ru. Archived from the original on 31 March 2022. Retrieved 4 October 2009.
Bibliography
- Bruce, Colin R. & Michael, Thomas (1991). Standard Catalog of World Coins 1901–2000. Krause Publications. ISBN 0-89689-500-9.
- Chester L. Krause; Clifford Mishler (2003). 2004 standard catalog of world coins: 1901–present. Krause Publications. ISBN 0-87349-593-4.