The genus Palusphaera Lecal-Schlauder emend. R.E. Norris is a distinctive modern coccolithophore that accommodates monomorphic, monothecate coccospheres with one type of spine-bearing heterococcoliths. Having examined a set of scanning electron microscopy images from our collections, we were able to demonstrate that four distinct species of Palusphaera exist in the modern oceans, including the type species Palusphaera vandelii, an informally proposed form, Palusphaera sp. 1 (type robusta) that is herein taxonomically ratified as Palusphaera crosiae sp. nov., and a distinctive morphotype, which is formally described as Palusphaera bownii sp. nov. Biometric analyses and observations on the morphologies of numerous P. vandelii specimens revealed the existence of a further form, and its commonly distinguished coccolith morphotypes are therefore taxonomically separated from Palusphaera vandelii and established as a discrete species, Palusphaera probertii sp. nov.