Platinum coin

As a form of currency, these coins proved to be impractical: platinum resembles many less expensive metals, and, unlike the more malleable and ductile silver and gold, it is very difficult to work.

Following the discovery of platinum in gold rocks, the Spaniards were unable to use it for a long time because they had no technology for processing this metal.

One of these coins has the same diameter as a farthing and a weak relief owing to the high hardness of platinum.

These coins proved to be impractical: platinum resembles many less expensive metals, and, unlike the more malleable and ductile silver and gold, it is very difficult to work.

[citation needed] The minting of a trillion-dollar platinum coin was proposed as a solution to the 2023 United States debt-ceiling crisis.

In addition to similarities in design, these coins are combined in the series because they are issued annually for a period of time.

[1] Other countries that have minted commemorative platinum coins include Bulgaria,[10] Congo,[11] Panama,[12] South Africa, Portugal and France.

[13] The Estonian issue began on 24 February 2008 – Independence Day – and included silver, gold and platinum coins.

The coin had a face value of 100 Estonian kroons, a platinum purity of 999/1000, a weight of 7.775 grams,[14] and a diameter of 18.0 mm.

For example, only 5% of offices of Sberbank (the major bank of Russia) in the capital city of Moscow redeem precious metal coins.

[21] The selling price is also much affected by visible scratches, spots, patina, and other defects introduced by bad handling.