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U.S. Mint Platinum Coins Bypassed in Rush for Gold

August 22, 2014 in Coins, Collecting, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, US Mint, USA Coins

By Debarati Roy.  Aug 21, 2014 (http://www.bloomberg.com/)

Five months after the U.S. Mint began producing coins made with platinum, sales have all but collapsed as investors continue to favor gold and silver.

“It’s not considered a currency,” said Jason Carstensen, a medical-sales representative in Ventura, California, who spends about $2,000 a month on coins. Gold and silver have value as hedges against a devaluation of the dollar, while platinum is viewed as an industrial commodity, he said.

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