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| Product | /oz | Premium | Price | |
|---|---|---|---|---|
|
|
$1,772.90 |
+5.44%
+27% inc.VAT
|
$8,862.45
£8,037 inc.VAT
|
View Deal |
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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
5 oz Platinum Bar: frequently asked questions
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The lowest price we track for a 5oz platinum bar is $8,862.45. Because a 5oz bar contains five troy ounces of 999.5 fine platinum, its metal value moves in line with five times the current platinum $1,680.00 spot price, with a dealer premium added on top.
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Platinum spot is trading at $1,680.00 per troy ounce. A 5oz bar at 999.5 purity contains just under five troy ounces of fine platinum, so its intrinsic metal value is roughly five times the spot figure before any dealer premium.
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Cast bars are produced by pouring molten platinum into a mould and letting it cool, leaving a slightly rough texture and no surface design beyond a stamped assay mark. Minted bars are cut from rolled sheet and struck with a polished die, giving a finer finish. Minted bars typically carry a slightly higher premium; cast bars are valued primarily for their metal content.
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Platinum has a far smaller investor market than gold or silver. Its price is driven heavily by industrial demand, so fewer bullion dealers stock it, spreads between buy and sell prices tend to be wider, and secondary-market liquidity is lower. Coins and bars also have less standardised global trading infrastructure compared with gold, which reduces the pool of ready buyers.