The Lure of Platinum – Part 1:
Since 1988 the People’s Bank of China has issued a light smattering of platinum coins. In the 18 years between 1988 and 2005, only 55 coins types have been released across just five major categories: the Lunar, Ancient Inventions and Discoveries, Panda, Unicorn, and Guan Yin coin series. Many beginners, and indeed seasoned collectors, shy away from acquiring platinum for the more traditional and familiar gold and silver options available on the collectible coins market. But they are missing out, as there are several characteristics of these collectible and sought after pieces which make them particularly appealing among investors and enthusiasts who are willing to take the plunge!
A scarce natural resource:
Firstly, the material itself as a natural resource is incredibly rare, and industrial demand is consistently rising. A fashion and craze for making platinum jewellery began in Europe in the 20th Century as a result of platinum’s rarity, refined colour, and chemical stability – in that it does not deteriorate under everyday conditions. Recently China has been no exception, with platinum inevitably entering the fashion scene, as the Chinese people have been unable to escape the powerful lure of this rarity.
Of all the precious metal coins issued by the People’s Bank of China, the production costs for platinum pieces is by far the highest. On the most basic level this makes these coins some of the most valuable to be produced. The chemical stability and hardness of platinum make it particularly suitable for long term investments as, other than sensible handling, no special arrangements need to be made for their safe preservation.
If this brief introduction to platinum has piqued your interest, then the coin store is well worth a visit. Here you can see fine examples of a variety of Pandas, Lunars, Unicorns, and Guan Yin coins, all struck in rare and highly sought after platinum. For more information, Part 2 of this article will soon follow.