SA to finally launch long-awaited platinum coin

The first batch of 1oz Big Five platinum coins, featuring an elephant, will be launched in two weeks. Picture: SUPPLIED

Unlike its sister platinum group metals, platinum is used in jewellery and has value in coins, which are minted elsewhere in the world and are a collectable investment. “Prestige Bullion’s initial target is to acquire 20% market share. The global demand now sits at about 100,000 oz of platinum. So, effectively we are looking at selling 20,000 oz in the form of coins. There is no production target — we will produce as much as the market demands,” said Richard Collocott, MD of Prestige Bullion.

Source: News Formal (newsformal.com)

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