An 110 oz platinum coin, while not a standard denomination for most platinum bullion coins (which typically come in 1 ounce, 1/2 ounce, 1/4 ounce, 1/10 ounce, and sometimes 1/20 ounce sizes), would be valued based on the current spot price of platinum, with a premium added for the coin’s design, mint, condition, and numismatic value.
As of August 14, 2025, around 5:00 PM ET, the spot price of platinum is approximately $1,367.50 per troy ounce.
To estimate the base metal value of a 110 oz platinum coin, we would multiply the spot price by the weight in ounces:
$1367.50/troy ounce * 110 troy ounces = $150,425.00
- Spot Price: The price of platinum fluctuates continuously based on market demand and supply.
- Premium: Coins generally command a premium over the spot price of the raw metal due to factors like their legal tender status, design, collectible value, and the cost of minting and distribution.
- Condition: The coin’s condition (e.g., Brilliant Uncirculated (BU), Proof) plays a significant role in its value, with higher grades typically fetching higher prices.
- Mint Year and Rarity: Certain mint years or limited mintage coins can be more desirable to collectors, further increasing the value.
- Specific Coin Type: Different types of platinum coins (e.g., American Platinum Eagle, Canadian Platinum Maple Leaf, etc.) will have varying premiums based on their popularity and recognition.
Therefore, while the metal value provides a starting point, the final value of a 110 oz platinum coin could be significantly higher due to these additional factors. To determine the precise value, consulting with a reputable coin dealer or precious metals appraiser is recommended.
Is Costco selling one ounce platinum bars for $1090?
Costco is now selling platinum bars. Costco is expanding the collection of precious metals it sells, with the addition of platinum. The big-box chain is now selling Swiss-made 1 oz. platinum bars for $1,089.99 on its website, but a Costco membership is required for purchase.