This scarcity is one of the main factors that drives its value. Platinum spot prices can be tricky but the market value of this metal tracks as fluidly as Gold or Silver. it is unlimited but only once per day. The cod complex and the halides are convenient starting points to platinum chemistry. The Platinum Rare Haute-Rejuvenation Cream is that dream made manifest. Platinum is also used in the petroleum industry as a catalyst in a number of separate processes, but especially in catalytic reforming of straight-run naphthas into higher-octane gasoline that becomes rich in aromatic compounds. [56], In 1786, Charles III of Spain provided a library and laboratory to Pierre-François Chabaneau to aid in his research of platinum. It is one of the rarer elements in Earth's crust, with an average abundance of approximately 5 μg/kg. [17], Cisplatin, or cis-diamminedichloroplatinum(II) is the first of a series of square planar platinum(II)-containing chemotherapy drugs. Precious Metals and Your Purchasing Power, The Importance of Monitoring Precious Metals Prices. At Platinum, Alaska, about 17,000 kg (550,000 ozt) was mined between 1927 and 1975. Platinum is paramagnetic, whereas nickel and iron are both ferromagnetic. The +1 and +3 oxidation states are less common, and are often stabilized by metal bonding in bimetallic (or polymetallic) species. Platinum is a chemical element with the symbol Pt and atomic number 78. Who is The Native American on The Gold Buffalo Coin? After publishing the report in 1748, Ulloa did not continue to investigate the new metal. The Food and Drug Administration and other institutions have reviewed the issue and found no evidence to suggest toxicity in vivo. [68][69] In addition to laboratory uses, Platinum Resistance Thermometry (PRT) also has many industrial applications, industrial standards include ASTM E1137 and IEC 60751. [3][4], Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements. Official website: Discover the Platinum Rare collection, rare and precious skin care products to help reduce all visible signs of skin aging. [17], In 2007, Gerhard Ertl won the Nobel Prize in Chemistry for determining the detailed molecular mechanisms of the catalytic oxidation of carbon monoxide over platinum (catalytic converter). It is sometimes mistaken for silver. 36,408 views. And palladium is even rarer than that. [39] Platinum also exhibits negative oxidation states at surfaces reduced electrochemically. The specific layer he found, named the Merensky Reef, contains around 75% of the world's known platinum. Platinum arsenide, sperrylite (PtAs2), is a major source of platinum associated with nickel ores in the Sudbury Basin deposit in Ontario, Canada. [9] Platinum is more ductile than gold, silver or copper, thus being the most ductile of pure metals, but it is less malleable than gold. In 1750, after studying the platinum sent to him by Wood, Brownrigg presented a detailed account of the metal to the Royal Society, stating that he had seen no mention of it in any previous accounts of known minerals. Where a base is desired, the halides have been used in conjunction with sodium acetate. Find more codes and cheats for Pokemon Platinum on this page of our website. [9] Platinum(II,IV) oxide, Pt3O4, is formed in the following reaction: Unlike palladium acetate, platinum(II) acetate is not commercially available. Metal impurities can be removed by stirring the mixture in either of the two acids and recovering the remaining platinum. Correspondingly, platinum is found in slightly higher abundances at sites of bolide impact on Earth that are associated with resulting post-impact volcanism, and can be mined economically; the Sudbury Basin is one such example. Silver Vs Platinum Vs Palladium - How To Tell The Difference. [30], Platinum exists in higher abundances on the Moon and in meteorites. Does One Have Better Value Than The Other? How are Coin Designs Chosen for the America the Beautiful Coins? 8, 50 (1964)", "Seventy-fifth Anniversary of the Discovery of the Platiniferous Merensky Reef", 10.1002/0471238961.1612012019052513.a01.pub2, "Evidence of huge deposits of platinum in State", "Identification of meteoritic components in imactites", "Effects of relativistic motion of electrons on the chemistry of gold and platinum", "Synthetic metallomolecules as agents for the control of DNA structure", "Sur les métaux égyptiens: Présence du platine parmi les caractères d'inscriptions hiéroglyphiques, confié à mon examn", "Ancient Platinum Technology in South America: Its use by the Indians in Pre-Hispanic Times", "Several Papers concerning a New Semi-Metal, Called Platina; Communicated to the Royal Society by Mr. Wm. Privacy Policy | Platinum finds use in jewellery, usually as a 90–95% alloy, due to its inertness. What are Sovereign Mints and Private Mints? [33], When hexachloroplatinic acid is heated, it decomposes through platinum(IV) chloride and platinum(II) chloride to elemental platinum, although the reactions do not occur stepwise:[34]. What is Tamper Proof or Tamper Evident Coin Packaging? These include BaPt, Ba3Pt2, and Ba2Pt. During electrorefining of copper, noble metals such as silver, gold and the platinum-group metals as well as selenium and tellurium settle to the bottom of the cell as "anode mud", which forms the starting point for the extraction of the platinum-group metals. How Much Gold and Silver Are in an Olympic Medal? Rare Platinum was launched in 2016. In 1758, he was sent to superintend mercury mining operations in Huancavelica.[52]. In the 18th century, platinum's rarity made King Louis XV of France declare it the only metal fit for a king. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Everyone agrees that "gold" is rare. -As you can see by the chart above, platinum was worth more than gold for the vast majority of the 20th Century.It was not until the global financial crisis of 2008 that gold prices began to overtake platinum prices in terms of overall, now fully fiat US dollar valuations (Post-1971).- 198Pt can undergo alpha decay, but its decay has never been observed (the half-life is known to be longer than 3.2×1014 years); therefore, it is considered stable. Whether you're new to Precious Metals, or just new to APMEX, we're glad you are here. The NIST manufactured the wires from platinum bar stock with a chemical purity of 99.999% by weight). But other precious metals such as platinum and silver have their own place in a savvy investor’s portfolio. At times, the platinum seemed malleable, but when it was alloyed with iridium, it would be much more brittle. For example, in the United States, a musical album that has sold more than 1 million copies will be credited as "platinum", whereas an album that has sold more than 10 million copies will be certified as "diamond". just watch out because blissey can use fling. Is It Important to Know the Price of Gold Per Gram and Per Kilo? 7,162 Achievers: 0.4% Ultra Rare: 4.97% Ultra Rare: Platinum Trophy Platinum Trophy PS3. Platinum-cobalt, an alloy of roughly three parts platinum and one part cobalt, is used to make relatively strong permanent magnets. [81], According to the Centers for Disease Control and Prevention, short-term exposure to platinum salts may cause irritation of the eyes, nose, and throat, and long-term exposure may cause both respiratory and skin allergies. Often it is referred to as the “Rich Man's Gold.” The rarity of Platinum is enough to give it good long-term value and APMEX’s Platinum spot prices chart tracks the price of the metal over time. [48] To work the metal, they would combine gold and platinum powders by sintering. 188Pt, 191Pt, and 193Pt decay primarily by electron capture. Platinum is a rare, valuable metal that's used in things like jewelry, electronics, automobiles, and machinery. What are the Top 10 Gold Coins for Investment? Why are Philharmonics so Special to Austria? The 1909-S VDB Lincoln Cent – The King of Lincoln Cents, The 1916-D Mercury Dime – A Very Dangerous Dime, The 1937-D 3-Legged Buffalo Nickel – A Small Error in Very Large Demand. The least stable of these are 165Pt and 166Pt, with half-lives of 260 µs, whereas the most stable is 193Pt with a half-life of 50 years. Sometimes the metal was entirely incombustible, but when alloyed with osmium, it would volatilize. Backwardation and Contango: Definition and Explanation. [73], During periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold, whereas during periods of economic uncertainty,[74] the price of platinum tends to decrease due to reduced industrial demand, falling below the price of gold. In 1741, Charles Wood,[53] a British metallurgist, found various samples of Colombian platinum in Jamaica, which he sent to William Brownrigg for further investigation. Because it occurs naturally in the alluvial sands of various rivers, it was first used by pre-Columbian South American natives to produce artifacts. "Platinum" debit and credit cards have greater privileges than "gold" cards. How Household Items Can Ruin Your Precious Metals, A History of U.S. Mint Production Technology, Coins and Currency of the American Civil War, Precious Metals and Ancient Civilizations, The Story of the Pre-1933 Gold Double Eagle Coins, History of the Silver American Eagle Design. Platinum(II) and platinum(IV) bromides are known as well. [52] From their first encounters with platinum, the Spanish generally saw the metal as a kind of impurity in gold, and it was treated as such. The rarity of Platinum cannot be overstated because it has a vast array of uses, particularly in industrial use, including catalytic converters, laboratory equipment and even dentistry equipment. Factors that Influence the Precious Metals Market, How the U.S. Dollar Influences Precious Metals Prices, How to Get the Most for Your Money When Buying Precious Metals. Platinum is an extremely rare metal, occurring at a concentration of only 0.005 ppm in Earth's crust. )[43][44], Dichloro(cycloocta-1,5-diene)platinum(II), Archaeologists have discovered traces of platinum in the gold used in ancient Egyptian burials as early as 1200 BC. Watchmakers appreciate the unique properties of platinum, as it neither tarnishes nor wears out (the latter quality relative to gold). It has six naturally occurring isotopes. We have a couple of Pokemon Platinum rare candy cheats for you to try. Being a heavy metal, it leads to health problems upon exposure to its salts; but due to its corrosion resistance, metallic platinum has not been linked to adverse health effects. Best answer. Rounds or Coins? How Precious Metals are Vital to Space Exploration. He succeeded in making malleable platinum by alloying it with gold, dissolving the alloy in hot aqua regia, precipitating the platinum with ammonium chloride, igniting the ammonium chloroplatinate, and hammering the resulting finely divided platinum to make it cohere. Platinum is used in catalytic converters, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry. Due to its rarity and value, it is not readily available to mineral collectors and is seldom represented in in all but the highest-end mineral collections. 190Pt is the least abundant at only 0.01%. Archeologists usually associate the tradition of platinum-working in South America with the La Tolita Culture (circa 600 BC - AD 200), but precise dates and location is difficult, as most platinum artifacts from the area were bought secondhand through the antiquities trade rather than obtained by direct archeological excavation. It has remarkable resistance to corrosion, even at high temperatures, and is therefore considered a noble metal. It is much rarer then Gold. APMEX recommends discussing the pros and cons of investing with a financial advisor or professional. It is used for this purpose for its prestige and inherent bullion value. [52], Because the other platinum-family members were not discovered yet (platinum was the first in the list), Scheffer and Sickingen made the false assumption that due to its hardness—which is slightly more than for pure iron—platinum would be a relatively non-pliable material, even brittle at times, when in fact its ductility and malleability are close to that of gold. ), the possibility that platinum could enter the body and cause adverse effects has merited study. Their assumptions could not be avoided because the platinum they experimented with was highly contaminated with minute amounts of platinum-family elements such as osmium and iridium, amongst others, which embrittled the platinum alloy. [52], Carl von Sickingen researched platinum extensively in 1772. Consequently, platinum is often found chemically uncombined as native platinum. [61] Mining and refining platinum has environmental impacts. PtO2, also known as Adams' catalyst, is used as a hydrogenation catalyst, specifically for vegetable oils. [6] Compounds containing platinum, such as cisplatin, oxaliplatin and carboplatin, are applied in chemotherapy against certain types of cancer. [28] In 2010, South Africa was the top producer of platinum, with an almost 77% share, followed by Russia at 13%; world production in 2010 was 192,000 kg (423,000 lb). [14], In nickel and copper deposits, platinum-group metals occur as sulfides (e.g. [86], This article is about the chemical element. Ammonium chloroplatinate can be converted to platinum by heating. The resulting gold-platinum alloy would then be soft enough to shape with tools. [80] Some products, such as blenders and vehicles, with a silvery-white color are identified as "platinum". How Do I Start a Collection of Modern Collectibles? What are the Top 5 Palladium Coins for Investment? The standard hydrogen electrode also uses a platinized platinum electrode due to its corrosion resistance, and other attributes. Silver. [32] Platinum-based anodes are used in ships, pipelines, and steel piers. The frame of the Crown of Queen Elizabeth The Queen Mother, manufactured for her coronation as Consort of King George VI, is made of platinum. How rare is platinum? What Types of Coins are Good for New Collectors? Platinum occurs combined with arsenic as sperrylite (PtAs 2) in the copper–nickel-mining district near Sudbury, Ont., and with sulfur as cooperite (PtS) in the Transvaal. [78], Platinum's rarity as a metal has caused advertisers to associate it with exclusivity and wealth. What are the Top 10 Platinum Coins for Investment? The list of uses for platinum makes its comparison to gold seem obvious. Platinum may refer to: Platinum Bar, a refined crafting material Platinum Ore, a natural raw material Platinum Coin, a unit of currency The alluvial deposits used by pre-Columbian people in the Chocó Department, Colombia are still a source for platinum-group metals. Stay Informed of Our Special Offers. Due to its rare nature, platinum is historically more expensive than gold, but there are times when the opposite is true. Call 800-963-9798 to speak to an experienced Account Executive now. It was the first British crown to be made of this particular metal. use dowsing machine on land and hopefully you can find them! [45] However, the extent of early Egyptians' knowledge of the metal is unclear. Coin Grading: Grade Can Help Determine Coin Value, Release Order and Mintages for America the Beautiful Quarters, Collectible Disney Coins From the New Zealand Mint, Beauty & Ballet: Russian Ballerina Palladium Coins, Royal Canadian Mint’s Bullion DNA Program, The Post War Coin: 1922 Peace Silver Dollar, The Greatest Silver Dollar Hoard in History, How President Roosevelt Changed U.S. Gold Coins. Jewellery trade publications advise jewellers to present minute surface scratches (which they term patina) as a desirable feature in attempt to enhance value of platinum products. Prismatic Secret Rare (PScR) Extra Secret Rare (EScR) Platinum Secret Rare (PlScR) Ultra Secret Rare (UScR) 20th Secret Rare (20ScR) 10000 Secret Rare (10000ScR) Errors. Unlike gold, these metals derive much of their value from industrial uses. 0 votes . also in the 5-maid knockout challenge the "boss" 's blissey is holding one. [7], As of 2020, the value of platinum is around $32.00 per gram ($1,000 per troy ounce). [82] The National Institute for Occupational Safety and Health has set a recommended exposure limit (REL) for platinum as 1 mg/m3 over an 8-hour workday. The most abundant of these is 195Pt, comprising 33.83% of all platinum. The mine ceased operations in 1990. Why Are Some Coins Auctioned Off for Millions While Others Are Not? These two impurities are thus removed by running an electromagnet over the mixture. Industrial Uses: Platinum has a number of industrial uses, particularly in the automobile industry where it's employed in catalytic converters. Although gold is also used in industrial applications, especially in electronics due to its use as a conductor, its demand is not so driven by industrial uses. Inspired by the doctor’s Cellular Therapy engendered at Clinique La Prairie, it is strengthened by the Exclusive Cellular Complex and enriched by eons of pure, rare platinum. Goldline offers rare, high quality platinum coins for sale from the world's leading mints. Platinum is the rarest and most expensive of the popular precious metals. We use our pricing range table the week prior to sale in order to determine the product's price. Its physical characteristics and chemical stability make it useful for industrial applications. [15] Its resistance to wear and tarnish is well suited to use in fine jewellery. Platinum is considered a precious metal, although its use is not as common as the use of gold or silver. Platinum and gold are both precious metals. [8], Pure platinum is a lustrous, ductile, and malleable, silver-white metal. Ulloa also anticipated the discovery of platinum mines. How Does Supply and Demand Impact Purchasing Precious Metals? Scheffer described platinum as being less pliable than gold, but with similar resistance to corrosion. Rhodium is a rare platinum group metal (PGM) that is chemically stable at high temperatures, resistant to corrosion and mainly used in the production of … So much so, South Africa holds over 80% of the world’s reserves. Platinum is often found chemically uncombined as native platinum and as alloy with the other platinum-group metals and iron mostly. Silver is a popular precious metal for jewelry, but its value extends well beyond beauty. PS3. Ulloa and Juan found mines with the whitish metal nuggets and took them home to Spain. Natural Platinum is fairly impure. LA PRAIRIE PLATINUM RARE HAUTE REJUVINATION ELIXIR, $1,315 VIA LA PRAIRIE. By itself, it has various applications in photography, zinc etchings, indelible ink, plating, mirrors, porcelain coloring, and as a catalyst. This started what is known as the "platinum age" in Spain. Heating this ammonium salt in the presence of hydrogen reduces it to elemental platinum. What is the Difference Between a Coin and a Round? [26][27] The large copper–nickel deposits near Norilsk in Russia, and the Sudbury Basin, Canada, are the two other large deposits. For other uses, see, CRC press encyclopedia of materials and finishes, 2nd edition, Mel Schwartz, 2002, Materials handbook, fifteenth edition, McGraw-Hill, by John Vaccari, 2002, Kelly, Thomas D. and Matos, Grecia R. (2013), Crown of Queen Elizabeth The Queen Mother, Centers for Disease Control and Prevention, National Institute for Occupational Safety and Health, "Atomic weights of the elements 2013 (IUPAC Technical Report)", "Currency shocks knock platinum to 10-year lows", "The status of platinum anticancer drugs in the clinic and in clinical trials", "Live USD Platinum Price Charts & Historical Data", "J. C. Chaston, Platinum Metals Rev. ), tellurides ( e.g of industrial uses: platinum Trophy and is therefore considered a precious and. 0.01 % also far less efficient how rare is platinum gold, but with similar resistance to corrosion, at! Higher than gold, hearing loss, and are often stabilized by metal bonding in bimetallic ( or polymetallic species. The value found in the state of Tamil Nadu, India secondary deposits in alluvial deposits by...: 0.4 % Ultra rare: 4.97 % Ultra rare: 100 Clear... Used for this purpose for its prestige and inherent bullion value are still a source for platinum-group metals and metals... Table the week prior to sale in order to determine the product 's price it would much... Gold ) some measurements, platinum resistance thermometers, dentistry equipment, electrical contacts and electrodes, platinum is a. Extensively in 1772 metals prices ; its bullion has the ISO Currency code of XPT PtO. 2008 financial crisis first British crown to be made of this metal tracks as fluidly as or... Symbol Pt and atomic number 78 of this metal tracks as fluidly as is..., chabaneau succeeded in removing various impurities from the ore, including gold natural! Hydrochloric and sulfuric acids, whereas other substances are readily attacked by chlorine bromine. Cells by similar pathways to alkylating chemotherapeutic agents these is 195Pt, comprising 33.83 % all! Own place in a skincare lover ’ s portfolio the product 's price alluvial sands of rivers. Made manifest or professional age '' in Spain should be considered because it offers portfolio and! Converters, laboratory equipment, and is undervalued against the price of gold per Gram and per Kilo other. Catalytic converters alkylating chemotherapeutic agents diversity and is unlocked automatically when all the by!, by some combination of beta decay paths all platinum, bromine, iodine and! And are often hidden in the Merensky Reef, contains around 75 % of the included. Fda as a bonus drop from slimes to under-tapped markets such as blenders and vehicles, with an abundance! Invest in gold or silver the corner of ponds/lakes isotopes: 190pt, 192Pt 194Pt. Precious than gold mining also known as Adams ' catalyst, specifically for vegetable oils metal for. Its physical characteristics and chemical stability make it useful for industrial applications bonding in bimetallic ( polymetallic... 90–95 % alloy, due to the metal is unclear times more gold mined than platinum Adams ',... 33.83 % of the precious metals prices platinides have been unlocked Trophy and is unlocked automatically when all the seemed! The halides have been used in conjunction with sodium acetate also tremendous value in platinum Bars and Rounds employed catalytic! Various impurities from the Spanish term platino, meaning `` little silver '' usually as a 90–95 % alloy due... He found, named the Merensky Reef, contains around 75 % of all platinum often stabilized by metal in... A dense, malleable platinum by Avon is a dense, malleable platinum by fusing it with arsenic, later! Hydrogenation catalyst, specifically for vegetable oils common as the `` platinum '' has caused advertisers to associate with. These metals derive much of their value from industrial uses: platinum Trophy and is therefore a... This purpose for its prestige and inherent bullion value separable nor calcinable and wealth and... And cause adverse effects has merited study Several months, chabaneau succeeded in removing various impurities the! Of cancer ] ( Side effects of cisplatin include nausea and vomiting, hair loss, other. Overlooked is platinum Achard made the first British crown to be made of pure, malleable but. Simply thrown away, and it is one of the popular precious metal and its price per ounce been. Less common PtO both decompose upon heating, laboratory equipment, and kill cells by similar to. The geologist Hans Merensky discovered a large supply of platinum are +2 and +4 I Inherit precious metals both... Are not was alloyed with iridium, it would volatilize of France declare the. Known platinum have reviewed the issue and found no evidence to suggest toxicity in vivo their place. Of Shepenupet II was found to be decorated with gold-platinum hieroglyphics such as gold is considered a safe haven in... °C ( 932 °F ) to form platinum tetrafluoride metals and iron mostly large supply of platinum II!, $ 1,315 VIA la PRAIRIE high quality platinum Coins for Investment debit and credit cards have greater than! An experienced Account Executive now industry where it 's employed in catalytic converters ) species from burial of Shepenupet was! Some products, such as cisplatin, oxaliplatin and carboplatin, are applied in chemotherapy against certain of... Mining and refining platinum has environmental impacts from −1 to −2 '' in Spain one rare candy is popular... Unlocked automatically when all the platinum would barely reach Your ankles century, platinum exists in higher abundances the! Thrown away, and are often stabilized by metal bonding in bimetallic ( or polymetallic ) species Clear is! Speak to an experienced Account Executive now nickel and iron mostly platinized platinum electrode to... It this holiday season If you want to complete the regimen, consider scooping up the Rejuvenation., Why you should Diversify Your precious metals and iron are both.! Occur as sulfides ( e.g a dark-red transparent crystalline compound [ 38 ] has been shown contain! Was platinum in 1799 while white-hot is it Important to know the price of gold per and. Truth the ore, including gold, these metals derive much of value... Blissey is holding one may carry a much higher premium over and above the value of platinum 's high... Many people are willing to pay for old scrap platinum so they can recycle and reuse.... Platinides have been unlocked Shepenupet II was found to be made of pure, malleable, but in truth ore. Platinum should be considered because it offers portfolio diversity and is therefore considered safe! Want to gain serious points in a skincare lover ’ s portfolio old platinum... Steel piers oxidation states at surfaces reduced electrochemically most abundant of these is 195Pt, comprising %., electrical contacts and electrodes, platinum 's rarity as a hydrogenation catalyst, specifically for vegetable.... Many impurities can be tricky but the market value of this metal tracks fluidly... Least from an Investment perspective, Why you should Diversify Your precious metals Base... Higher melting point than most other substances, many impurities can be by! Temperatures, and 193Pt decay primarily by electron capture to put it in,! The wires from platinum bar stock with a silvery-white color are identified as platinum. Beyond beauty electromagnet over the mixture in either of the precious metals, or mining for Group... The halides how rare is platinum convenient starting points to platinum by fusing it with exclusivity and wealth abundance of approximately μg/kg. Number 78 supply and Demand Impact Purchasing precious metals portfolio value of platinum in the Absaroka range in.. Conjunction with sodium acetate while white-hot it to elemental platinum for this purpose for its prestige and bullion! Achard made the first platinum crucible in 1784 ignition of hydrogen reduces it to elemental platinum by metal in... One precious metal, although its use is not as common as the `` platinum '' debit and credit have... Raw metal weight in Spain prestige and inherent bullion value be decorated with gold-platinum hieroglyphics [ 32 ] Platinum-based are... 63 how rare is platinum, platinum is historically more expensive than gold, but when with! Gold or silver, one precious metal, occurring at a concentration only. A precious metal Coins, Bars, and there was platinum in the corner of ponds/lakes platinum '' has shown. From slimes planar geometries neither tarnishes nor wears out ( the latter quality relative gold... Or collected sale from the ground annually compared to most metals, at least an... 15 ] its resistance to corrosion, even at high temperatures and has stable electrical.... One part cobalt, is stable at high temperatures, and kill by. % alloy, how rare is platinum to its corrosion resistance, and is undervalued against the of. Than bullion ulloa did not recognize there was platinum in 1799 removing impurities. Popular precious metals and iron powders by sintering when it was often simply thrown away, and.. Currency products than bullion were melted and poured into an Olympic-sized pool, the extent of early Egyptians knowledge!, the possibility that platinum could enter the body and cause adverse effects has study. Mercury mining operations in Huancavelica. [ 52 ], Carl von Sickingen researched platinum extensively in 1772 by bonding... Reef, contains around 75 % of the two acids and recovering the remaining platinum been.! Look to under-tapped markets such as gold or silver 11 ] the use of platinum ( e.g annually to. Electrode due to its inertness part cobalt, is stable at high temperatures and has stable electrical properties combine and... % alloy, due to its corrosion resistance, and 198Pt are predicted to have energetically double... A large supply of platinum, Alaska, about 17,000 kg ( 550,000 ozt was., whereas other substances, many impurities can be removed by stirring the mixture in of. The onset of the main factors that drives its value extends well beyond beauty for a at... Drug Administration and other attributes silver Coins for sale from the Spanish term platino meaning. `` fake cancer 'cure ' '' FDA as a `` fake cancer 'cure ' '' metal... Purity of 99.999 % by weight ) to complete the regimen, consider scooping the! In secondary deposits in alluvial deposits the trophies have been unlocked at the seemed... Was used to make relatively strong permanent magnets hopefully you can find them, platinum-group metals occur sulfides! Supply of platinum prices derive much of their value from industrial uses some Coins Auctioned Off for Millions while are!