Where can I sell my raw platinum?

Our top recommendation for selling platinum jewelry, coins or scrap is CashforGoldUSA, which offers free, trackable and insured FedEx shipping, payment within 24 hours, and an A+ rating with the Better Business Bureau.

How much can you sell platinum for?

Reclaim, Recycle, and Sell your Precious Metal Scrap

How can you tell if platinum is raw?

Answer. The simplest tests are heating and discoloration. If the item is heated, for example, in a Bunsen flame, platinum will be more difficult or impossible to melt and the platinum will not discolour. The effect of acid is another basic test.

Is it easy to sell platinum?

Unfortunately, when the jewellery is still embedded with stones, it cannot be easily sold. The stones need to be removed to sell the platinum as a scrap precious metal first.

Is platinum good for investment?

Investors may consider platinum over gold. If gold rally continues without a breather in 2021 again, platinum prices may shore up. Mine production is likely to return to normal in 2021 but still may be below the average annual supply from 2015 to 2019, according to WPIC.

What is the value of platinum?

Live Metal Spot Price (24hrs) Dec 17, 2021 at 05:02 EST

Does platinum hold its value?

Approximately 88 tons of platinum are used to make jewelry every year compared to 2,700 tons of gold. Because of its rarity, platinum is valuable and will hold its value as the years pass.

How do you tell if platinum is real?

Look for an inscription that says “platinum” on the item. If your piece is marked with the word “platinum,” it is at least 95\% pure. More commonly, you will see a number like 850 or 85 followed by “pt” or “plat.” This indicates that 85/100 parts are platinum, meaning the piece is 85\% pure.

Where can platinum be found?

The majority (about 80 percent) of platinum is mined in South Africa. Approximately 10 percent is mined in Russia, and the rest is found in North and South America, according to the U.S. Geological Survey.

Will platinum go up in value?

Long-term predictions from Coin Price Forecast are also bullish, albeit pointing to more modest gains. The website estimated that platinum could reach $1,050 an ounce by the end of 2021, $1,231 by the end of 2022, $1,749 at the end of 2025 and average $2,864 an ounce in December 2030.

How much is scrap platinum worth per gram?

Scrap Platinum

Can platinum be recycled?

Platinum scrap is a term used to describe undervalued platinum sources that can be purchased and recycled for full benefit. Jewelry, catalytic converters, electrical contacts and electrodes, oxygen sensors, old spark plugs, and used laboratory equipment are among the items from which platinum can be recycled.

Where to find platinum scrap?

Small quantities of platinum scrap can be found in factories that make or repair platinum jewelry. You can find it in filings and bench sweepings, in floor dust, and in small platinum “squiggles” that are produced when platinum is shaped on lathes and milling machines.

Is platinum recycled?

Platinum is a rare, valuable metal that’s used in things like jewelry, electronics, automobiles, and machinery. Because platinum is so rare, many people are willing to pay for old scrap platinum so they can recycle and reuse it .

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