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 Gold $2,390.30   $34.30  Silver $27.94   $0.06  Platinum $941.90   $-2.30  Palladium $913.00   $-8.00

Platinum is a highly valuable precious metal known for its beauty and durability. Many investors choose to invest in platinum bullion as a way to diversify their portfolios and protect their wealth against economic downturns. However, one question that often arises is whether platinum bullion tarnishes over time. Even if they prefer to buy gold bars or silver bullion, Scottsdale precious metals collectors might be interested in the answer to this question as well as information about the properties of platinum that make it such a unique and valuable metal.

What Is Platinum Bullion?

Before we dive into whether platinum bullion tarnishes, it’s important to first understand what platinum bullion is and what makes it so special. Platinum is an extremely rare precious metal, with only a few hundred tons produced each year. It’s also one of the heaviest and densest metals. Because of its rarity and density, platinum is highly valued in a variety of industries, including jewelry, automotive, and electronics.

Platinum bullion is a form of platinum that has been minted into bars or coins for investment purposes. These bars and coins are typically made of .9995 pure platinum and are available in a variety of weights and sizes. 

What Is Tarnish?

Tarnish is a thin layer of corrosion that forms on the surface of some metals when they react with oxygen or other substances in the air. Tarnish can affect the appearance and value of metal objects, especially if they aren’t properly stored or cleaned. Tarnish can also cause discoloration, dullness, or spots on the surface of various metals.

Will Platinum Bullion Tarnish?

The good news is that platinum is one of the least reactive metals and doesn’t tarnish easily. Platinum has a high melting point and a low coefficient of expansion, which means it can withstand high temperatures and pressure without changing its shape or size. Platinum also has a high resistance to corrosion and oxidation, which means it doesn’t react with most chemicals or substances in the air.

However, platinum isn’t completely immune to tarnishing. Platinum can still react with some elements, such as sulfur, chlorine, or hydrogen sulfide, which can cause a thin layer of platinum sulfide or platinum chloride to form on the surface. These compounds can make platinum look darker or duller over time.

How Do You Maintain Platinum Bullion?

While platinum bullion is highly resistant to tarnishing, it’s still important to take proper care of it to maintain its value and luster. One of the most important things you can do to maintain your platinum bullion is handle it carefully and avoid exposing it to harsh chemicals or environments.

When storing your platinum bullion, keep it in a dry, cool place free from moisture and humidity. You should also avoid exposing your platinum bullion to direct sunlight or extreme temperatures, which could cause it to become damaged or discolored.

If you do need to clean your platinum bullion, use a soft cloth and mild detergent to gently clean the surface. Avoid using harsh chemicals or abrasive materials, which can cause scratches or other damage to the surface of your bullion. It’s also important to handle your platinum bullion with clean hands, as oil and residue from various substances on your fingers can cause damage or discoloration over time.

By working with a trustworthy dealer and taking steps to protect your investment, you can enjoy the benefits of platinum bullion as a smart and secure investment choice. Platinum can be a fantastic addition to any precious metals collection, and you can trust you’ll get what you pay for when you buy platinum from a reputable firm such as First National Bullion and Coin. Scottsdale residents can rely on our professionalism and expertise when they’re ready to invest in platinum, gold, and other precious metals. Give one of our experienced dealers a call today at (480) 546-5089.

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.

By |2023-06-12T21:56:49-07:00June 12th, 2023|Miscellaneous|0 Comments