Isle of Man Platinum Noble 1/10
The Isle of Man Platinum Noble 1/10 oz was the first platinum bullion coin to be introduced to the world market. It was minted for the Isle of Man which is a self-governing British Crown Dependency. It is located in the Irish Sea between the islands of Great Britain and Ireland.
It is a legal tender coin produced by the Popjoy Mint in Surry, England which was in production from 1983 through 1989.
The front of the coin features Queen Elizabeth II and the date minted. The reverse features an early Viking warship, the weight (1 oz Platinum Fine) and the denomination One Noble.
The Isle of Man Platinum Noble 1/10 oz bullion coin offers a number of advantages: (1) because the Isle of Man Platinum Noble 1/10 oz is minted and guaranteed as to weight and purity by a sovereign country it is recognized as a world standard. This allows dealers to post daily buy and sell prices which follow the world price of platinum. (2) Because of its quality production standards the Isle of Man Platinum Noble 1/10 oz is accepted in your Individual Retirement Account. (3) Because the Popjoy Mint produced a significant number of these coins the premium over spot is low and attractive to those who only want a bullion investment. (4) The Isle of Man Platinum Noble 1/10 oz is a pure platinum coin and so allows investors to diversify their precious metals holdings and figure total value easily. (5) The Popjoy Mint designed a hard plastic tube which holds 25 coins and snaps shut. Storage is easy and convenient. (6) Platinum bullion investment today is growing because there are no Central Bank Reserves of platinum and it has many industrial uses. Major mine production of platinum comes from South Africa and Russia and according to Johnson Matthey mine output if often in the deficit.
There is no reporting requirement (Federal Form 1099B) on the Isle of Man Platinum Noble 1/10 oz.
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