Cryptocurrency Q&A Why are platinum coins more expensive than silver coins?

Why are platinum coins more expensive than silver coins?

Raffaele Raffaele Thu Nov 14 2024 | 6 answers 1565
I am wondering why platinum coins cost more than silver coins. Is it because platinum is a rarer metal, or does it have some other special properties that make it more valuable? Why are platinum coins more expensive than silver coins?

6 answers

CosmicDreamWhisper CosmicDreamWhisper Sat Nov 16 2024
Platinum coins hold a higher value compared to silver coins.

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ShintoSanctum ShintoSanctum Sat Nov 16 2024
This is attributed to their scarcity and the significant demand they face in various industrial applications.

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Lorenzo Lorenzo Sat Nov 16 2024
The pricing of both platinum and silver undergoes frequent fluctuations.

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Martino Martino Fri Nov 15 2024
These changes are influenced by various factors, including the supply and demand dynamics in the market.

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Pietro Pietro Fri Nov 15 2024
Economic indicators and overall market conditions also play a crucial role in determining their prices.

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