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Precious Metal Melt Value Calculators

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Calculate Platinum Melt Value

Below you will find platinum calculators to determine the value of platinum metal inside your platinum jewelry, platinum bars and platinum coins. Choose from 13 live currencies or 158 non-live currencies (updated every hour).

Platinum Calculator

This platinum calculator will determine the value of the platinum metal inside your platinum bullion, platinum coins, or platinum jewelry.

To get the value of your platinum metal, simply enter the following into the calculator:

  1. Amount - gram (gm) or troy ounce (ozt) (1 troy ounce (ozt) = 31.1035 grams)
  2. Purity - percentage (%) or fineness (parts per thousand)
  3. Unit Price - Choose from 13 live currencies or 158 non-live currencies (updated every hour).
Platinum Calculator
Amount of Platinum:
* Purity of Platinum:

Percentage Platinum: 99.9%

Price of Platinum per ounce:
 

Live Price
  USD
Value of Platinum Metal:   USD


Percentage of Market Value:   %
Value of Platinum metal:
Percentage of Market Value
  USD
  • Platinum bullion - Platinum bullion typically varies between 99.9% and 99.99% (with 99.95% being most common). Check the stamp on the bullion to confirm. If it is not stamped, it would require a test to determine its purity.
  • Platinum jewelry - Platinum jewelry typically varies between 85% and 95% (with 95% being most common).
  • Live prices platinum prices - There are 13 live currencies that you can get the live platinum price from. Please note that the price is only live on page load and on currency change - if you need to update the price, either refresh the page or deselect the currency and select it again.
  • Non-Live platinum prices - There are 158 non-live currencies that you can get the non-live platinum price from. These currencies are updated every hour. The time since it has been updated will be below the currency selector.

Platinum buyers buy platinum below the market value of the platinum melt value.

Platinum buyers will usually sell it to a refiner who melts it down, extracts the platinum, and casts it into bullion bars.

Alternatively, depending on the platinum buyer and the particular piece they are buying, they may also choose to sell the item in the second-hand jewelry market.

Scrap Platinum Prices

This scrap platinum prices table below contains the price of platinum per gram for different fineness purities of platinum. This is useful for determining the melt value of jewelry.

Sunday 19th of February 2017 Scrap Platinum Prices
 

Percent
(Fineness)
Price Per Gram
()
Weight
(grams)
Total
()
99.9
(999)
*
95
(950)
*
90
(900)
*
85
(850)
*
     GRAND TOTAL:
Basis: * per troy ounce
Live Price

Platinum Bar Prices

The platinum bar prices table below contains the price of platinum per gram and price of platinum per ounce for common platinum bullion sizes. The platinum purity used below is 99.95%.

This platinum bar prices table is equally applicable to bullion platinum coins.

Sunday 19th of February 2017 Platinum Bullion Prices
 

Metric Sizes Unit Price
()
Qty Total
()
1 gram *
2 grams *
2.5 grams *
5 grams *
10 grams *
20 grams *
25 grams *
50 grams *
100 grams *
1000 grams (1 kilogram) *
Imperial Sizes Unit Price
()
Qty Total
()
1/20 toz *
1/10 toz *
1/4 toz *
1/2 toz *
1 toz *
2 toz *
2.5 toz *
5 toz *
10 toz *
20 toz *
50 toz *
     GRAND TOTAL:
Basis: * per troy ounce
Live Price

Platinum Coin Prices

The platinum coin prices table below contains the value of platinum metal inside some popular platinum coins. Junk platinum refers to platinum coins minted that use to circulate as currency - circulated coins often are found in fair condition and use to attract a low premium above melt value - although its popularity amongst "preppers" or "survivalists" has increased demand and resulted in rising premiums. The premium above the monetary value is referred as the "collectors value" or "numismatic value".

Important note, the platinum coins value is generally much more than its melt value of platinum metal. Factors that help determine a platinum coins value includes initial mintage, grade (condition), survival rate, demand, and inventory levels amongst dealers. Also note that the design of the coins shown in the images may vary over time.

Sunday 19th of February 2017 Platinum Coin Melt Values
 


Australia Platinum Coin Melt Values
CoinUnit Price
()
QtyTotal
()
$50 Koala - 1/2 Ounce
1988 - 2005    
15.55175g | 99.95% Platinum
*
$100 Koala - 1 Ounce
1988 - 2005    
31.1035g | 99.95% Platinum
*
     GRAND TOTAL:
Basis: * per troy ounce
Live Price

Canada Platinum Coin Melt Values
CoinUnit Price
()
QtyTotal
()
$5 Maple Leaf - 1/10 Ounce
1988 - Present    
3.11035g | 99.95% Platinum
*
$10 Maple Leaf - 1/4 Ounce
1988 - Present    
7.775875g | 99.95% Platinum
*
$20 Maple Leaf - 1/2 Ounce
1988 - Present    
15.55175g | 99.95% Platinum
*
$50 Maple Leaf - 1 Ounce
1988 - Present    
31.1035g | 99.95% Platinum
*
     GRAND TOTAL:
Basis: * per troy ounce
Live Price

China Platinum Coin Melt Values
CoinUnit Price
()
QtyTotal
()
5 Yuan Panda - 1/20 Ounce
1993 - 1997    
1.555175g | 99.95% Platinum
*
10 Yuan Panda - 1/10 Ounce
1990 - 1997    
3.11035g | 99.95% Platinum
*
100 Yuan Panda - 1 Ounce
1987 - 1990    
31.1035g | 99.95% Platinum
*
     GRAND TOTAL:
Basis: * per troy ounce
Live Price

Isle of Man Platinum Coin Melt Values
CoinUnit Price
()
QtyTotal
()
1/25 Crown
1989 - 2005    
1.24414g | 99.95% Platinum
*
1/10 Crown
1989 - 2005    
3.11035g | 99.9% Platinum
*
1/5 Crown
1989 - 2005    
6.2207g | 99.9% Platinum
*
1/2 Crown
1987 - 2005    
15.55175g | 99.9% Platinum
*
Crown
1979 - 1987, 1990    
52g | 95% Platinum
*
     GRAND TOTAL:
Basis: * per troy ounce
Live Price

Russia | Soviet Union Platinum Coin Melt Values
CoinUnit Price
()
QtyTotal
()
150 Roubles (1977 - 1980)
1977 - 1980    
15.54g | 99.9% Platinum
*
150 Roubles (1992 - 1995)
1992 - 1995    
15.55175g | 99.9% Platinum
*
     GRAND TOTAL:
Basis: * per troy ounce
Live Price

United States Platinum Coin Melt Values
CoinUnit Price
()
QtyTotal
()
Eagle $10 - 1/10 Ounce
1997 - 2008    
3.11035g | 99.95% Platinum
*
Eagle $25 - 1/4 Ounce
1997 - 2008    
7.775875g | 99.95% Platinum
*
Eagle $50 - 1/2 Ounce
1997 - 2008    
15.55175g | 99.95% Platinum
*
Eagle $100 - One Ounce
1997 - Present    
31.1035g | 99.95% Platinum
*
     GRAND TOTAL:
Basis: * per troy ounce
Live Price
Reverse
Obverse


Platinum Plating

Please be aware that the platinum calculator is for solid platinum jewelry. Solid platinum jewelry contains a uniform mixture of platinum and other metals throughout the entire piece of jewelry. For instance, a 10g piece of 950 solid platinum jewelry contains 95% platinum or 9.5 g of pure platinum.

On the other hand, platinum plated jewelry contains almost no platinum. Platinum is an expensive metal and it is cheaper to use other metals to make jewelry. To make platinum jewelry more affordable whilst enjoying the aesthetic appeal from the color of platinum metal, a very small amount of platinum can be applied to the exterior of the jewelry instead of using it uniformly through the jewelry. Hence, platinum plated jewelry is usually a fraction of the cost of solid platinum jewelry. Platinum plating has the benefit of being resistant to corrosion and is hypoallergenic which reduces the likelihood of allergic reactions.

  • Platinum layered - a very thin layer of platinum.
  • Platinum plated or platinum electroplated - uses an electric current and a piece of jewelry, which acts as an electrode, inside a platinum solution. The platinum forms a coherent metal coating on the electrode.
  • Platinum overlay or rolled platinum plated - Uses a heat or pressure bonding process to mix and bond the metals together.

To recap, platinum plated jewelry contains an almost negligible amount of platinum metal. The platinum calculator is only applicable to solid platinum jewelry, not platinum plated jewelry.

Platinum Hallmarks

A hallmark is a mark stamped on a piece of jewelry certifying the purity of metal used. There are hallmarking laws that apply to the sale of platinum jewelry in some countries (such as the Hallmarking Act 1973 in the UK). However, globally there is no standard that must be followed therefore solid platinum jewelry may or may not be hallmarked.

Solid Platinum Hallmarks

Solid platinum jewelry will have its purity stamped on it. The purity is expressed in fineness scale which is expressed as parts platinum per thousand, or less commonly, as a percentage (%). Please refer to the scrap metal price table for the relationship between percentage and fineness. It will usually be written with "PT", "PLAT" or even "PLATINUM" next to the fineness.

Please be aware that platinum jewelry may be hallmarked a certain fineness and may not have that level of platinum content or may not be solid platinum jewelry at all. Hence platinum jewelry needs to be tested when valuing its platinum metal content.

You may choose to scratch a suspected plated piece deep enough to see the underlying metal to confirm the jewelry is not solid platinum. As this is a destructive test, choose a discreet spot which will not be visible when worn, for example, around the clasp on a platinum chain.

Platinum Testing

As a platinum buyer this is important to remember platinum metal is expensive relative to most other metals therefore there is always an economic incentive to pass lower content platinum as higher content platinum. Hence, remember to test for platinum purity.

Heating and Discoloration

Platinum should not melt when heated under temperatures below its very high melting point (1768°C). Platinum will also not discolor. This test can be undertaken under a Bunsen flame.

Density Test

Measure the mass of the jewelry (in grams) and then put the jewelry in a small beaker that has water in and see how much the water level rises (mL). The unit millilitres (mL) is equal to the unit cubic centimetre (cm3) (1 mL = 1 cm3). By dividing the mass in grams by the water displaced in millilitres (mL) you will get the density of the jewelry in grams per cubic centimetre (g/cm3). Pure platinum is 21.45 g/cm3.

Acid Test

Please note that if the jewelry is not platinum this test would be completely destructive. This test involves the use of strong acids so before you begin this test, please ensure you have the personal protective equipment (PPE).

  • Safety goggles - to protect your eyes
  • Protective gloves - to protect your hands
  • Water, baking soda, paper towels - to dilute, neutralize, and clean acid spills respectively.

Also ensure you are in a well-ventilated area as the acids are strong and noxious.

Platinum is resistant to most common acids. However, cold aqua regia (3 part HCl + 1 part H2NO3) will dissolve most metals almost instantly but only dissolve platinum slowly.

X-Ray Fluorescence

This method of testing is non-destructive and is suitable for normal assaying requirements. A computer, called a x-ray fluorescent (XRF) analyzer, will use x-rays to determine the composition the the jewelry. It takes less than a few minutes to complete and the results may be printed out. Popular brands include Thermo Scientific Niton range or Olympus GoldXpert or DELTA Precious Metals XRF analyzers.

There is also a method called x-ray fluorescence assay which involves melting a sample into a uniform composition before testing the sample on a XRF analyzer. This method is more accurate then a XRF analyzer but less accurate then a fire assay.

Fire Assay

This method of testing is totally destructive however provides the greatest accuracy. The first part of the process is called fusion which involves mixing the sample with a fluxing agent (which helps melt, fuse, and separate the precious metal) and heating it to a high temperature. The second part of the process is called cupellation which involves using a collector, such a nickel or lead, to extract the precious metals.

The precious metals extracted from fire assay is then analyzed by one of the following methods:

  • Flame Atomic Absorption (AA)
  • Inductively Coupled Plasma-Atomic Emission Spectrometry (ICP-AES)
  • Inductively Coupled Plasma-Mass Spectrometry (ICP-AES)
  • Instrumental Neutron Activation Analysis (INAA)

Miscellaneous Equipment

Other equipment that is common in platinum testing kits include:

  • Jewelers loupe provides magnification to see small details more closely. Handy for inspecting hallmarks.
  • Digital scale for precisely measuring the weight of jewelry.
  • Magnet for testing if there are magnetic metals in the jewelry.
  • Diamond tester for confirming a precious stone is a genuine diamond (or moissanite).