You realize platinum merits a place in your precious metals portfolio. Still, you want to know which platinum coin is the best long-term investment. The most valuable piece to own is the Platinum American Eagle. Below, you’ll discover the fabulous reasons why, brought to you by the experts from First National Bullion and Coin, Scottsdale collectors’ top choice when they want to work with precious metals dealers who have extensive industry knowledge and an unwavering commitment to high-quality service.
Unique Features of the Platinum American Eagle Coin
The Platinum American Eagle is the only platinum coin the US government guarantees, and it’s produced by the country’s sovereign mint. This coin weighs 1 troy ounce, the standard weight for platinum coins, and its fineness is 99.95 percent, a supremely high level of purity.
Since the Platinum American Eagle coin is IRA eligible, you can include it in an individual retirement account. The coin has a face value of $100, but due to platinum’s rarity and diverse uses, its investment worth keeps rising.
Moreover, it’s the only American coin with a reverse design that changes every year. Thus, each annual issue is unique. You’ll cherish this collectible, a tangible tribute to the American values of courage, strength, independence, and financial opportunity.
Exquisite Coin Design
The front of this coin bears the face of the Statue of Liberty, an icon of American freedom. France gave this majestic statue to the US in 1885 to honor the friendship between the two countries. The sculpture also commemorates the quest for freedom that fueled the American Revolution.
The Statue of Liberty’s location on Liberty Island in New York Harbor is ideal. At the turn of the century, it welcomed millions of hopeful immigrants seeking better lives. A plaque on the statue’s pedestal bears poet Emma Lazarus’s immortal words: “Give me your tired, your poor, your huddled masses yearning to breathe free.”
On the Platinum American Eagle coin, Lady Liberty’s face shines with resolute strength, her eyes beaming with compassion. On her crown, the seven rays symbolize the earth’s seven seas and continents. Also shown is part of her welcoming arm holding a torch, lighting the path to freedom.
Flanking Lady Liberty’s face are the words “In God We Trust,” affirming the faith of our nation’s founding fathers. The back of the coin bears a bald eagle in flight, its grand wings depicting power, vigor, and autonomy. The reverse also shows the piece’s face value of $100, the highest denomination for a US coin.
IRA Eligibility
To meet IRS guidelines, platinum commodities must have 99.95 percent fineness and originate from a sovereign mint. Since the Platinum American Eagle satisfies these rules, you can secure it in a self-directed IRA (SDIRA). Thus, your investment will reap additional tax benefits for you.
Meanwhile, you can also hold silver, gold, and palladium in an SDIRA, provided they’re 99.95 percent pure. Financial experts advise limiting precious metals to 5 to 10 percent of your retirement portfolio and diversifying it with other types of assets to hedge against market fluctuations.
If you wish to place your Platinum American Eagle coin in an SDIRA, you’ll need to store it at a bank or another IRS-approved depository. Per government regulations, you can’t keep IRA-reserved precious metals in your home. You must also complete certain forms when ordering from a dealer.
If an SDIRA appeals to you, consult a financial advisor to open one and choose an IRA custodian for your precious metals.
Minting History & Current Availability
Two artists designed the Platinum American Eagle coin, taking two years to perfect it. The bullion coin was first minted and released in 2007. Originally, the US mint produced the coinage in several fractional weights, but currently, the only one available is a 1 troy ounce denomination.
Like the gold and silver American Eagle coins, the platinum version is magnificent. Since the coin is double-struck, it has a dazzling surface that’s hand-polished to a mirror-like shine. Furthermore, the embossing is crisp, realistic, and finely detailed.
The US government certifies the Platinum American Eagle coin regarding its content, weight, and purity. Due to the coin’s substantial face value, platinum content, and heritage, this piece is in high demand among investors. As such, the US Mint has been rationing its supply to dealers, which tells you the Platinum American Eagle is the best platinum coin to buy.
If you live in Scottsdale, silver bars, gold bullion, and platinum coins of the highest quality are available at First National Bullion and Coin. We buy and sell all kinds of precious metals, including silver, platinum, gold, and palladium. Scottsdale collectors who are looking for trustworthy dealers and high-quality service should give us a call at (480) 546-5089 to speak with one of our precious metals experts.
The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.