Platinum Bullion Coins: Precious History and Heritage
Just almost 30 years ago, the platinum coin was introduced to the world for the first time. Its production ushered in a new era in bullion coin production and has revolutionized the way society appreciates platinum.
The first platinum coin was issued in 1983 by the Isle of Man, a British Crown territory recognized for producing innovative high-quality coins. Aptly named Noble Platinum Bullion Coin, it featured a young Queen Elizabeth II on its obverse and 'Thusly', a historic Viking longship in full sail, on the reverse side. It sparked a widespread interest in platinum coins and other mints began issuing their own.
In 1988, the Australian mint produced the Koala platinum bullion coin while Canada introduced the Maple Leaf platinum bullion coin. Due to their enormous success, the demand for platinum coins increased significantly through the years, and in 1997, the United States issued its own American Eagle platinum coin.
Interestingly, the metal platinum got little appreciation when Spanish conquistadors first uncovered it during its 16th century conquest in the West. Unimpressed by the metal's appearance, the Spaniards thought it a nuisance in their mining pursuit for gold. Nonetheless, recent findings do show that the Incan and Mayan civilizations had used platinum to create sacred adornments and ceremonial jewelry.
Today, platinum is considered a formidable investment item that can equal or even surpass the value of gold. Consequently, platinum coin sales have increased consistently in the last few decades as more and more people recognize its high quality and value. With a rarity and elegance that only platinum can exude, a collection of platinum bullion coins is now a precious part of history to its owners and a heritage for the future generations.
Resource Box:
Gainesville Coins offers a world class collection of platinum bullion coins. For a full catalog of their selection, visit http://www.gainesvillecoins.com or call 813-482-9300.
About the Author:
Jeff Paul is a writer and copy editor who likes to share information on many different topics.
Author: Jeff Paul