Sell Platinum Bullion to the Best Platinum Buyer in Las Vegas & Henderson, NV
Platinum is a dense, malleable, ductile, and chemically inert material. The combination of platinum bars, rounds, ingots, or specialized coins complete the so-called platinum bullion. Etymologically, the word “platinum” is derived from the Spanish word platino, which means “small silver.” Despite the fact that its name comes from a word that refers to a different form of metal, platinum is very different from silver, particularly in terms of rarity. It is 15-20 times more rare than silver and even gold. In recent years, mine production has been about 5 million troy ounces of platinum per year.
Meanwhile, gold mine production is 82 million ounces per year and 547 million ounces for silver. The market trades platinum at higher per-unit rates due to the limited amount of expected platinum available each year. This means that the spot price of platinum in the market commodities is likely to fluctuate on a regular basis as other precious metals are produced.
Archaeologists first discovered platinum polished Thebes caskets in Egyptian tombs, while geologists discovered platinum alloy nose rings and necklaces from Inca ceremonies dating back to 700 BC. Also, archaeologists discovered platinum mixed with gold in the tomb of Thebes’ daughter. However, the prominence of platinum was lost to world history for thousands of years in the 19th century, even though it was used in jewelry by American Indians.
When Spanish explorers discovered the New World in the 17th century, platinum bullion reappeared in history. The Spanish Conquistadors found platinum in Columbia while searching for gold in the 15th and 16th centuries. Furthermore, they melted down precious metal and poured it back into Ecuador’s rivers to ripen it into gold.
Antonio Ulloa was the first Spaniard to introduce platinum back to Spain in 1746. It piqued the attention of foreign investors after it was melted in 1751. Furthermore, the white metal gained popularity after Louis XVI’s goldsmith used it in cutlery and button making.
However, when Columbia stopped selling platinum bullion in 1820, platinum investors ran into some difficulties. But platinum was later found in the Ural Mountains two years after this event. The Russian government consequently made the most of it. A total of 500,000 ounces of platinum were made in Russia. They used it as Rubles to show the world that platinum is a valuable metal similar to gold.
Platinum had been as valuable as gold by the twentieth century. However, since platinum bullion was exceedingly scarce, the ores continued to deplete in response to rising demand.
Value of Platinum Bullion
The purity of a platinum bullion’s content determines its worth. It can come in a variety of shapes and sizes, but the melt value is the most important factor to remember. This is why, if you want to sell your platinum bullion, determining the amount of platinum in an object is critical. You would be able to decide on the value of your item if you were familiar with the spot price of platinum regularly. To determine the amount of actual platinum in your bullion, you should have your items tested first.
As a precious metal, platinum bullion items are manufactured to serve as tangible forms of investment and have the ISO currency code XPT. These bullion items come in different sizes, but the most popular are platinum bars, platinum coins, and platinum rounds.
Platinum bullion is in high demand, with investors and buyers flocking to the market. You should look for a reputable dealer with a long track record, such as Nevada Coin Mart, if you want to sell your platinum bullion for instant cash. This will assist you in avoiding swindlers who will use fraud to obtain your items at extremely low prices.
Platinum bullion buyers usually base their offers on the market’s latest spot price for platinum at present. Understanding the spot price of platinum can help you avoid making a bad offer accidentally. Take the time to learn more about the spot price of platinum in Las Vegas by clicking here: https://www.kitco.com/charts/liveplatinum.html
Best Buyer of Platinum Bullion
Nevada Coin Mart is the largest buyer of platinum bullion in Las Vegas and Henderson. Our store is an accredited establishment known for its best customer service in all aspects of buying transactions. When selling platinum bullion, stay away from shops that subject products to harsh testing. Instead, bring your platinum bullion pieces to Nevada Coin Mart for safe checking. We use a precious metal verifier kit to evaluate metals, which can be used to analyze any form of metal. Its method tests numismatic authenticity by measuring the bulk of metals in an object without the use of wet chemistry or any other scraping or filing processes typically used in low-cost pawnshops.
Any item brought in by customers receives a free in-person, expert review and analysis in our store. We do this upfront and allow customers to watch how their products are handled so they can be confident in their protection. Our integrity and outstanding customer service are just a few of the reasons we have been named a Best of Las Vegas Gold Winner for three years in a row. We are the top buyer of your platinum pieces, priced according to the current spot price of platinum.
Based on the spot price of platinum, Nevada Coin Mart pays the most cash for your items. For over 25 years, we have been purchasing jewelry and precious metals from the general public, and we have helped millions of people earn money quickly. We also buy the following coins and rounds in addition to standard platinum bars:
- The American Platinum Eagle
- The Canadian Platinum Maple Leaf
- The Australian Platinum Koala
- The Isle of Man Noble
- The Chinese Platinum Panda
- Austrian Platinum Vienna Philharmonic
- British Platinum Britannia