Platinum bar 1 troy ounce LPPM

The 1 troy ounce platinum bar contains 31.1 grams of pure platinum with a fineness of 999.5/1000 and is produced by various LPPM-accredited refiners. These are typically Swiss platinum bars from Credit Suisse, manufactured by the renowned Valcambi refinery.

The LPPM stands for the London Platinum and Palladium Market — the global trade organization for platinum and palladium. Only refiners that meet the highest quality standards are approved for international trade and added to the LPPM Good Delivery List. This certification is comparable to the LBMA standard used in the gold and silver markets.

Important to Know

All 1 troy ounce platinum bars are subject to 21% VAT, which is already included in the price shown in our webshop. If you are purchasing the bars through a business, you can reclaim the VAT. However, this does not apply to private investors. In that case, you may wish to explore alternative ways to buy platinum VAT-free.

Alternatives: Buy Platinum VAT-Free

For private investors, there are several attractive ways to buy platinum without VAT:

• Platinum bars with storage: when stored in a secure bonded vault outside the EU (for example, in Switzerland or Singapore), no VAT is applied. This makes it an appealing option for investors.
• Platinum coins: previously circulated coins such as 1 troy ounce mixed-year coins or 1 kilogram Dutch silver coins are exempt from the 21% VAT charge.
• Precious metals account: buy VAT-free physical platinum per gram at the most competitive price. You can manage your holdings easily through the Holland Gold app or directly via our website under Buy platinum per gram with insured VAT-free storage in Switzerland.

Why choose the 1 troy ounce Platinum Bar – LPPM Certified

• Optional insured storage in Amsterdam
• LPPM-accredited refinery
• Buyback guarantee from Holland Gold

Design

Each 1 troy ounce platinum bar is struck from a platinum sheet using a unique die. Every bar bears its own serial number and the name or logo of the refinery. As these bars are listed on the LPPM Good Delivery List, they meet the highest industry standards and contain a minimum of 99.95% pure platinum.

Platinum is a rare precious metal. Annual global production is approximately 6% of that of gold and less than 1% of silver. Like silver, platinum is widely used in industry — in the manufacture of (commercial) vehicles, jewelry, and pharmaceuticals. The metal’s value is influenced by both industrial demand and investor interest.

1 Troy Ounce

One troy ounce equals 31.103 grams. The term “troy ounce” originates from the French city of Troyes, a major medieval trading center in Europe where a standardized weight for precious metals was first established. To this day, the troy ounce remains the standard unit of measurement for precious metals. The international platinum price is quoted in U.S. dollars per troy ounce. Note that a troy ounce differs from the regular (avoirdupois) ounce used for everyday goods, which equals 28.35 grams.

Buyback Guarantee

Looking to sell your platinum bars in the future? Holland Gold offers a buyback guarantee for all platinum bars purchased from us. We also buy platinum bars that were not originally bought through Holland Gold.