What are precious metals?
A precious metal is a rare, naturally occurring metallic chemical element of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high luster. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.
Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. The ISO 4217 currency code of gold is XAU. Many holders of gold store it in form of bullion coins or bars as a hedge against inflation or other economic disruptions. Modern bullion coins for investment or collector purposes do not require good mechanical wear properties; they are typically fine gold at 24k, although the American Gold Eagle and the British gold sovereign continue to be minted in 22k (0.92) metal in historical tradition, and the South African Krugerrand, first released in 1967, is also 22k (0.92).
Silver is a metallic element with symbol Ag and atomic number 47. The symbol Ag stems from Latin argentum, derived from the Greek ὰργὀς (literally "shiny" or "white"), and ultimately from a Proto-Indo-European language root reconstructed as *h2erǵ-, "grey" or "shining". A soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal.Silver coins and bullion are an investment vehicle. Silver investments of various types are available on stock markets, including mining, silver streaming, and silver-backed exchange-traded funds. The ISO 4217 currency code of silver is XAG.
Platinum is a chemical element with symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly nonreactive, precious, gray-white transition metal. Its name is derived from the Spanish term platina, translated into "little silver".Platinum is a precious metal commodity; its bullion has the ISO currency code of XPT. Coins, bars, and ingots are traded or collected. Platinum finds use in jeweler, usually as a 90–95% alloy, due to its inertness. It is used for this purpose for its prestige and inherent bullion value. Jewelry trade publications advise jewelers to present minute surface scratches (which they term patina) as a desirable feature in attempt to enhance value of platinum products.
Palladium is a chemical element with symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1803 by William Hyde Wollaston. As a commodity, palladium bullion has ISO currency codes of XPD and 964.Palladium has been used as a precious metal in jewelry since 1939 as an alternative to platinum in the alloys called "white gold", where the naturally white color of palladium does not require rhodium plating. Palladium is much less dense than platinum.
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Can I post pictures of my collection?
Absolutely! We would love to see your coins, bullion, or other precious metal related investments. Post at your own risk, do not dox anyone or reveal any identifying information. The collection must be yours or you must be given express permission to post related content.