Monument Metals
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1/2 oz Platinum Coin: frequently asked questions
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The cheapest 1/2 oz platinum coin tracked today is $878.77, sitting around 4.6% over the $1,680.00 platinum spot price. The coin contains half a troy oz (15.55g) of platinum, so its metal value is approximately half the current per-ounce spot price. The premium varies by coin type and dealer.
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Standard 1/2 oz platinum bullion coins are struck to 999.5 fineness (99.95% pure platinum), which is the benchmark purity for investment-grade platinum coins from major mints. Each coin contains 1/2 oz of platinum, equivalent to 15.5518g of fine metal.
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Platinum has a smaller market than gold or silver. Fewer dealers carry platinum coins: 2 dealers list platinum coins on this site, compared to a much larger universe for gold. Bid-ask spreads tend to be wider and the secondary market is thinner, which can make resale slower. That said, well-known platinum coins from major mints (such as Platinum Maple Leafs or Platinum Eagles) trade more readily than obscure issues.
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VAT treatment of platinum coins varies by country. In the UK, platinum coins are subject to 20% VAT (unlike investment gold, which is exempt). In Germany, platinum coins carry 19% VAT, though the margin scheme may apply to pre-owned coins. Canada levies 0% GST on investment-grade platinum. Always confirm current rules with your dealer.