Why continue to buy platinum coins

Discussion in 'Coin Chat' started by jaceravone, Nov 19, 2008.

  1. Aslanmia

    Aslanmia Active Member

    Holy cow, and at the moment I post this, a mere $23.30 seperates the two: Platinum = $768, Gold = $745.30

    Not that you'll be able to find any platinum at these prices...
     
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    But a silver quarter only weighs 6.25 gm, a clad quarter 5.67gm.
     
  4. rlm's cents

    rlm's cents Numismatist

    You exaggerate a little. Osmium is only about 10% heavier than gold or, if you prefer, about twice as heavy as lead. All of that, but it is the heaviest element known.
     
  5. GDJMSP

    GDJMSP Numismatist Moderator

    All I can say is what I said was in my chemistry book all those years ago. That was exactly how they described it.
     
  6. rlm's cents

    rlm's cents Numismatist

    The density of silver is 10.49 gm/cc.

    Really, a quarter is about (6.25 gm)/(10.49 gm/cc) = 0.59 cc. That is only slightly off because it is an alloy of silver for the quarter.
     
  7. rlm's cents

    rlm's cents Numismatist

    I will not deny osmium is heavy (and iridium is right there), but there really is not that much difference between them and gold. And platinum is about half way between them. Now, if you are comparing it to salt or water, the difference is rather obvious.
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    No, that was just the description used in the book. They said flat out that a salt shaker full of it would crash through your kitchen table and the floor. Have never forgotten it. It's one of those things that just sticks with you.
     
  9. mrbrklyn

    mrbrklyn New Member

    Right, so, at least according you my off the sleave math, a quarter size coin Os weighs about as much as an ASE which is substantial ;)

    And it is the densest substance known to man at STP, with Ir being a close second. 22.4g/cc

    A salt shaker might have 2 ounces? 60ml and then weigh about 1.2 Kg or about 2.5 pounds? 22 times heavier than water, and water is heavy.


    That is heavy...

    Ruben
     
  10. mrbrklyn

    mrbrklyn New Member

    Good teaching skill!

    Ruben
     
  11. mrbrklyn

    mrbrklyn New Member

    Gold has a higher specific gravity than lead?

    I'll have to look that up but it doesn't sound right.

    Ruben
     
  12. rlm's cents

    rlm's cents Numismatist

    I will believe that they said it, but think about that a minute. A big salt shaker might be 2 cubic inches. That is 33 cc's or 745 gms of osmium = 1.6 pounds. Even a huge salt shaker (20 cubic inches) would only weigh 16 pounds. I don't know what you have for a kitchen table, but you have no approached falling through my table.
     
  13. rlm's cents

    rlm's cents Numismatist


    Substance Density in kg·m-3
    Iridium 22650
    Osmium 22610
    Platinum 21450
    Gold 19300
    Tungsten 19250
    Uranium 19050
    Mercury 13580
    Palladium 12023
    Lead 11340
    Silver 10490
    Copper 8960

    Lead is not even close to gold. On that scale, lead is not even that heavy.
     
  14. GDJMSP

    GDJMSP Numismatist Moderator

    I understand pal. And I also understand, now, that it was a rediculous comment. But then I never bothered to look it up and figure it out. But 40 years ago I just pretty much tended to believe what was written in my school books.
     
  15. mrbrklyn

    mrbrklyn New Member


    Quote:
    Originally Posted by mrbrklyn View Post
    actaully - I take it back a Quarter is a shade less than a cubic centimeter
    (2.426/2)^2 * 3.14 * .195 =~ 0.9 CC

    so a quarter that weighs ~ 20 grams is about correct where an ASE weights in at 31.1 grams?

    Ruben
    The density of silver is 10.49 gm/cc.

    Really, a quarter is about (6.25 gm)/(10.49 gm/cc) = 0.59 cc. That is only slightly off because it is an alloy of silver for the quarter.


    --------------------------

    These numbers are from the mints website. A quarter currently is

    Composition:
    Cupro-Nickel: 8.33% Ni, Balance Cu

    Weight:
    5.670 g

    Diameter:
    0.955 in., 24.26 mm

    Thickness:
    1.75 mm

    Edge:
    119 reeds

    2.426 cm diameter

    0.175cm thichness

    (d/2)^2 * 3.14 *T = volume

    If I did the math wrong, my apologies.

    Ruben
     
  16. GDJMSP

    GDJMSP Numismatist Moderator

    Tiny oooops - iridium is 22560
     
  17. rlm's cents

    rlm's cents Numismatist

    I copied that straight from the source. But, FWIW, the density of iridium seems to be either hard to calculate or variable. I have seen it from about 22.4 to 22.7.
     
  18. mrbrklyn

    mrbrklyn New Member

    well a cubic meter, which is not that large, would weigh nearly a metric ton, and that would go through the table.

    Ruben
     
  19. GDJMSP

    GDJMSP Numismatist Moderator

    It's because it changes depending on temperature. In liquid it drops to 19. The source was probably just a typo, they reversed the 5 and 6 is all.
     
  20. mrbrklyn

    mrbrklyn New Member

    no those numbers are wrong..the latest assays in the journals shows Os to be more dense. I'm looking at it in the NAS array reference right not for 2008.

    Ruben
     
  21. GDJMSP

    GDJMSP Numismatist Moderator

    I think 500 lbs, if concentrated to 1 sq in (about the size of the bottom of a salt shaker), would go thru the table.
     
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