The highest quality of platinum is 99.95% pure, often marked as .9995 fine platinum. This level of purity is standard for investment-grade platinum bars and coins. Jewelry-grade platinum is typically 90% to 95% pure, marked as PT900, PT950, or PT999, with PT950 (95% platinum) being the most common high-quality standard in fine jewelry.
Investing in platinum has gained popularity among investors seeking to diversify their portfolios with precious metals. Known for its rarity, industrial use, and long-term value, platinum is a strategic asset that offers both stability and growth potential. With the convenience of online platforms, buying platinum has become more accessible than ever.
However, choosing a reputable and secure dealer is crucial to ensure authenticity, fair pricing, and reliable service. In this guide, we explore the best places to buy platinum online, helping you make informed and confident investment decisions.
Quick Look: Best Places to Buy Platinum Online
- Best for Gold IRA Investing: American Hartford Gold
- Overall Best for Platinum IRA + Home Delivery: APMEX
- Best for Precious Metals IRA + Educational Resources: Birch Gold Group
- Best Reputation: Augusta Precious Metals
- Best for Easy Access: JM Bullion
Table of Contents
Best Places to Buy Platinum Online
Here are some of the best places to buy platinum online that offer direct delivery and support for IRAs:
Best for Gold IRA Investing: American Hartford Gold
- Best For:Gold IRAs with On Going PromotionsVIEW PROS & CONS:securely through American Hartford Gold's website
American Hartford Gold Group, a market leader and family-owned business, offers gold, silver, platinum, and palladium bars and coins, with a minimum investment requirement of $10,000.
Combining industry experience, excellent customer service, a diverse product range, and competitive pricing, American Hartford Gold is a reputable and trustworthy choice for individuals looking to invest in a Gold IRA.
- Account Minimum: $10,000
- Fees: Annual IRA fee of $75 for accounts valued at $100,000 or less, $125 for accounts valued at $100,001 or more
Best for Platinum IRA + Home Delivery: APMEX
- Best For:Investing in Collectible Coins and GoldVIEW PROS & CONS:securely through APMEX's website
APMEX is one of the world’s largest online marketplaces for precious metals. With more than 20 years in business, the company is also one of the most trusted dealers of precious metals and coins. APMEX is known for making buying and selling quick and easy. Its streamlined selling process can get you paid in one or two days after it verifies the quality and quantity of your products.
- Account Minimum: $1,000
- Fees: Free
Best for Precious Metals IRA + Educational Resources: Birch Gold Group
- Best For:Retirees and Young Gold InvestorsVIEW PROS & CONS:securely through Birch Gold Group's website
If you're considering investing in silver, gold, platinum, or palladium for your retirement account, then Birch Gold Group could be a great choice. It provides an easy way to set up a precious metals IRA and offers free information on gold investments so that you can make informed decisions about alternative investments. It sells coins or bullion directly to customers who want them shipped right away.
- Account Minimum: $10,000
- Fees: One-time fee of $50 to set up your IRA, $30 for wire transfers, annual storage and account management fees of $180-$230
Best Reputation: Augusta Precious Metals
- Best For:Gold IRAVIEW PROS & CONS:securely through Augusta Precious Metals's website
Augusta Precious Metals is renowned for its outstanding customer service and extensive educational resources when it comes to precious metals IRAs, fees, and the economy. Although its minimum investment requirement of $50,000 may make it unsuitable for those looking to purchase smaller amounts of platinum, gold, or silver, it is an excellent choice for retirement savers who want reliable help with rolling over their IRA investments into precious metals accounts.
- Account Minimum: $50,000
- Fees: Annual custodian and storage fee of $100 each, and a one-time custodian application fee of $50
Best for Easy Access: JM Bullion
- Best For:Cost Effective Precious Metals InvestingVIEW PROS & CONS:securely through JM Bullion's website
Founded in 2011, JM Bullion is a well-established precious metals dealer specializing in gold, silver, platinum, and palladium products. The company offers a wide range of bullion and collectible items for both investors and collectors.
As a provider of gold IRAs, JM Bullion enables individuals to include physical gold and other precious metals in their retirement portfolios. The initial purchase requirements for opening a gold IRA with JM Bullion can vary based on the specific products and quantities chosen.
- Account Minimum: $0
- Fees: Annual fees can vary from $75 to a few hundred dollars
Benefits of Buying Precious Metals Online
When it comes to investing in precious metals, buying online has several advantages. First, it's convenient as you can do everything from the comfort of your home. With brick-and-mortar precious metals dealers, you may have to drive all over town to find the best place to buy platinum. Shopping online also allows you to compare prices across multiple platforms in a matter of minutes.
Another major benefit of buying precious metals online is the support for IRAs. Setting up a precious metals IRA can be a complicated process, but many of the best places to buy platinum and other precious metals have streamlined the process so that you can roll over (or set up) and start using your precious metals IRA in minutes.
What to Look for in the Best Places to Buy Platinum
When determining the best places to buy platinum for you, there are a few things to consider. First, you want to make sure it's a reputable dealer, like the ones listed here. Check to ensure that they carry the form of platinum you want to invest in. Not all precious metals dealers offer platinum.
If you want to invest in precious metals with tax benefits, don't forget to see if the platform is known for its IRA services. Finally, check if the prices are in line with competing platforms.
Is Now a Good Time to Buy Platinum?
There are too many factors that directly and indirectly affect the price of platinum to predict whether any specific time is a good time to buy platinum. However, you may be able to condense many of these factors together to predict the general direction of platinum's price. This is never perfect, however, as there are far too many unpredictable factors involved.
Safe Investments in Uncertain Times
In uncertain financial times, precious metals like platinum have become popular as a safe investment. The platforms mentioned in this article offer various options for purchasing platinum online, including IRA services and educational resources. The decision of when to buy platinum is influenced by market conditions and other factors, so it is important to always consult a financial professional.
Frequently Asked Questions
How much is 1 oz of platinum worth today?
Is platinum cheaper than gold in the USA?
What is the highest quality of platinum?
About Henry Stater
Henry is an expert in all things crypto. He stays up to date with all the latest coins, platforms and technologies in the field. He has particular expertise in the burgeoning decentralized finance ecosystem and loves trying out all the new platforms. He also always follows major events in other financial markets and geopolitics as a whole, especially when an event’s effects ripple through the crypto market.
