1/10 oz Platinum Bar

1/10 oz Platinum Bar: frequently asked questions

What is a 1/10 oz platinum bar worth today?

The cheapest 1/10 oz platinum bar tracked on this page is $213.26, available from The Bullion Bank. 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 41.3% over $1,511.00 spot.

How many grams is a 1/10 oz platinum bar?

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.

Is a 1/10 oz platinum bar subject to VAT or sales tax?

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%.

Where can I find the cheapest price on a 1/10 oz platinum bar?

This page compares prices from 1 dealer in real time. The current cheapest listing is from The Bullion Bank at $213.26. Premiums vary between dealers, so checking multiple sources before buying is worthwhile.

How does platinum's scarcity compare to gold, and what does that mean for a small bar like this?

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.