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Buy New Platinum Bars | Best Premiums Online | MetalQuity

BUY PLATINUM BARS

Investors who buy platinum bars believe the importance of diversifying their financial portfolios with the precious metal is not a myth. Platinum is the unicorn of precious metals, a fabled white transition metal eerily resembling less valuable metals and is prized and sought after for its ultra-rarity and unique “magical” properties utilized in industrial and jewelry applications. Platinum remained undiscovered for millennia while other precious metals were coveted for their scarcity and worth. Only centuries ago was the legendary metal captured and, now-a-days, its low malleability and ductility have been tamed and bridled into platinum bars that are bought by investors as financial instruments to store wealth, hedge against inflation, and mitigate risk.

What exactly is a platinum bar and why buy platinum bars instead of platinum coins? A platinum bar, or ingot or wafer, is a rectangular shaped financial asset functioning as a tangible store of value that is privately minted or cast from refined investment-grade platinum in various weights. New bars contain the same purity of platinum as coins but are preferred by investors wanting more choices when selecting brands, sizes, or weights. Bars, rather than coins, also allow prudent investors to purchase platinum bullion more affordably priced with smaller premiums near the intrinsic value of the precious metal.

Investors buying platinum bars select the brand and weight from MetalQuity’s listings compiled to accommodate differing preferences and strategies.  Learn more about how to buy platinum bars.

Product Minimum Order Quantity Additional Order Increment Premium Estimated Price
Per Unit
Baird & Co. 1 Ounce Platinum Bar Obverse Baird & Co. 1 Ounce Platinum Bar 10 1 $44.99/oz
Credit Suisse 1 Ounce Platinum Bar Obverse Credit Suisse 1 Ounce Platinum Bar 10 1 $36.49/oz
PAMP Suisse 1 Ounce Platinum Bar Obverse PAMP Suisse 1 Ounce Platinum Bar 10 1 $36.49/oz
Valcambi Suisse 1 Ounce Platinum Bar Obverse Valcambi Suisse 1 Ounce Platinum Bar 10 1 $32.99/oz
Credit Suisse 10 Ounce Platinum Bar Obverse Credit Suisse 10 Ounce Platinum Bar 1 1 $20.49/oz
PAMP Suisse 10 Ounce Platinum Bar Obverse PAMP Suisse 10 Ounce Platinum Bar 1 1 $21.49/oz

PLATINUM BAR BRAND

Platinum bars are fabricated exclusively by independently operating private mints as they are legally prohibited from issuing monetized coinage. National mints fabricate gold and silver into both bullion coins and bars; however, they choose to only mint coinage with the ultra-rare precious metal, thus leaving platinum bar production solely to the private sector. Private mints, unlike sovereign mints whose platinum coins are guaranteed by their governments, act as self-guarantors of the stated purity and weight of their platinum bars. Therefore, it is important for investors buying platinum bars to only choose those fabricated by globally recognized mints that are certified compliant with regulatory agencies and are internationally traded in over-the-counter markets or are listed on worldwide exchanges.

PLATINUM BAR STYLE

Platinum bars are available to buy in either of two different styles – minted (extruded, struck, and stamped) or cast (loafed and poured). The resultant style of the bars is determined by the manufacturing process employed by the foundry. Minted bars are produced when a die cuts precisely measured blank plates from a continuously cast bar of a uniform thickness. Cast bars are produced when molten platinum hardens into the tapered shape of its open-form mold. However, not all sizes of platinum bars are available in both styles. Typically, the minted style is utilized for investment bars weighing 1 gram to 10 troy ounces and the cast style reserved for accredited Good Delivery Bars weighing 1 kg to 6 kilograms.

PLATINUM BAR WEIGHT

Platinum bars are weighed using either metric grams or imperial troy ounces and range in size from small 1 gram fractional bars to large 6 kilogram London Platinum & Palladium Market (LPPM) accredited Good Delivery Bars. Within this wide spectrum of sizes, platinum bars are most popularly purchased by investors in the 1 troy ounce and 10 troy ounce sizes. Investor preference and strategy, however, ultimately determines the platinum bar size selected. Lighter bars benefit from greater flexibility when selling. Heavier bars benefit from greater economies of scale exhibited in a lower premium cost per ounce when buying.

PLATINUM BAR PURITY

Platinum bars were once acceptably hallmarked containing .999+ fine platinum. Now, new internationally traded bars are fabricated with investment-grade platinum bullion refined to the heightened millesimal fineness of .9995 fine, a purity by weight of 99.95%. Whether stated as either its fineness or as its purity, both values denote that a metallurgical assay measured 999.5 pure platinum parts present in every 1000 parts of material, the residual material being negligible impurities.

PLATINUM BAR PRICES

The per ounce price investors pay when buying new platinum bars is comprised of the spot price of the platinum and the premium cost of the product. This per ounce price is multiplied by the weight of the platinum bar in troy ounces to calculate the total price. The intraday spot price of platinum is the current amount that one troy ounce is internationally traded for under its supranational code, XPT, in over-the-counter markets and on commodity exchanges. The spot price is susceptible to global economic growth or recession and the resultant effect it has on industrial demand for the precious metal. The premium cost per ounce is the amount charged in excess of the spot price. It reflects the profit margins of mints, wholesalers, and retailers and the overhead expenditures incurred to manufacture, store, and distribute the platinum bars.

PLATINUM BAR ASSAY CARD AND ASSAY CERTIFICATE

Private mints provide assurance of the quality and genuineness of new platinum bars by either sealing them within assay cards or accompanying them with assay certificates. Assay cards and certificates are guarantees that independent assayers performed metallurgical testing which verified both the purity and weight of the platinum content. Assay or blister cards protectively seal platinum bars within secured tamper-evident packaging to deter illicit meddling and prevent nominal wear. Assay certificates are authentication credentials paired with their matching platinum bars. It is important to buy brand new platinum bars either in assay cards or accompanied by assay certificates.

PLATINUM BAR IRA

The Internal Revenue Service allows investors to buy platinum bars for self-directed IRAs using funds that are either new contributions or have been transferred or rolled over from existing 401(k) or individual retirement accounts. The IRS stipulates, however, that the platinum bars selected must meet certain criteria for inclusion. They must be at least .9995 fine or no less than 99.95% pure platinum and must be fabricated by a private refiner that is COMEX/NYMEX listed and ISO9001:2008 certified. All platinum bars offered by MetalQuity satisfy IRS eligibility requirements.