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The platinum bar is retailing for $1,089.99 — if you can get it. The bar is only sold online, and Costco says delivery is unavailable in Nevada, Louisiana and Puerto Rico.
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In 2012, the Perth Mint produced a 1-tonne coin of 99.99% pure gold with a face value of $1 million AUD, making it the largest minted coin in the world with a gold value of around $50 million AUD. [2] China has produced coins in very limited quantities (less than 20 pieces minted) that exceed 8 kilograms (260 ozt) of gold.
Experts posit that platinum is about 15–20 times scarcer than gold and approximately 60–100 times scarcer than silver, on the basis of annual mine production. Since 2014, platinum prices have fallen lower than gold. Approximately 75% of global platinum is mined in South Africa. [1]
Costco’s New Platinum Bars. Following its success with gold, Costco recently introduced 1-ounce platinum bars for $1,089.99. These bars are 999.5 pure platinum, Swiss-made, and certified by the ...
Costco is again venturing into the precious metals market, expanding its offerings beyond the gold and silver bars it sold to great success. The retail giant now offers 1-ounce platinum bars for ...
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver. They are kept as a store of value or an investment rather than used in day-to-day commerce. [1]
Platinum prices are stable year to date but have risen 14% over the past year. Costco is diversifying its precious-metals business by selling 1-ounce bars of platinum for $1,090.