Sell Platinum Bullion

01

Determine the Value of your Items

There are three primary factors that determine the value of your platinum

• Spot Price

  The spot price of platinum, which is the current price per troy ounce, is determined by the futures commodity market, and fluctuates throughout the day.

• Weight of your item

  Depending on the form of your platinum, such as coins, bars, or ingots, platinum may be priced in troy ounces, grams, or pennyweights (dwt). One troy ounce of platinum is equal to 31.1 grams, and one pennyweight is equivalent to 1.555 pennyweights.

  grams

  =

  0.00 troy ounces /

  0.00 pennyweights

  31.1 grams = 1 troy ounce / 1 gram = 1.555 pennyweights (dwt)

• Purity of your item

  Price adjustments will be made based on the purity or platinum content of your items. As one would expect, items that contain a higher percentage of platinum are more valuable. The standard purity of platinum items is 90% or 95%; typically indicated by a stamp on the item, such as “900” and “950” respectively. Platinum bullion and bars are usually composed of 99% or .999 fine platinum.

02

Compare the Buying Rates of platinum dealers

We recommend that you compare the buying rates of platinum coin and bullion dealers before selling your items. Most dealers are hesitant to post their buying rates online or provide a quote over the phone, insisting that the item be brought in first for an evaluation.

03

Other factors to consider

The condition of your platinum items, with the exception of platinum coins, bullion, and bars, should not be a major factor in the offer that you receive. Walk away if a dealer attempts to drastically reduce their offer based on the condition of your item.

If selling platinum jewelry or scrap platinum, you can expect a platinum dealer to conduct testing to confirm the authenticity and purity of your platinum. We use non-damaging XRF technology to test all platinum items. Most platinum dealers won’t commit to buying your item until or unless they have determined its authenticity.

Most precious metal buyers do not buy gemstones. Consequently, any gemstones should be removed from your jewelry prior to having it weighed and appraised. A reasonable percentage should be deducted from the total weight of your platinum if the removal of gemstones isn’t possible.