Baird & Co.
The Bullion Bank
Prices are fetched automatically and may not reflect current merchant prices. Currency conversions and tax treatment are approximate. Rankings are based solely on price. We are not a dealer and accept no responsibility for transactions with listed merchants. Past performance is not indicative of future results. This site does not provide investment advice. Full disclaimer
1/10 oz Platinum Bar: frequently asked questions
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The cheapest 1/10 oz platinum bar tracked on this page is $206.93, available from Baird & Co. Value is tied directly to the platinum spot price scaled to 1/10 troy oz (3.11 g of 999.5 fine platinum), plus a dealer premium of around 23.1% over $1,680.00 spot.
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A 1/10 troy oz platinum bar weighs 1/10 oz (3.1104 g). At 999.5 purity, the bar contains essentially all of that weight as fine platinum. Troy ounces, not avoirdupois ounces, are the standard unit for precious metals worldwide.
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Tax treatment varies by country. In the UK, investment platinum attracts 20% VAT; in Canada, platinum bars meeting the purity threshold are GST-free at 0%. US buyers face no federal sales tax, though state rules differ. For capital gains, UK sellers pay between 18% and 24%; US gains on platinum are taxed at up to 28%.
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This page compares prices from 2 dealers in real time. The current cheapest listing is from Baird & Co at $206.93. Premiums vary between dealers, so checking multiple sources before buying is worthwhile.
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Annual platinum mine output is roughly 30 times smaller than gold's by weight. For a small 1/10 oz bar, that scarcity is reflected in the dealer premium over spot. A 1/10 oz entry position allows exposure to platinum's price movements without committing to a larger bar.