Platinum Melt Value Calculator
Enter the weight and purity of your platinum to get an instant melt value. Updated every 60 seconds with live spot prices.
Platinum Price by Purity
| Purity | Per Gram | Per Troy Oz |
|---|---|---|
| .999 | $61.56 | $1,914.67 |
| .950 | $58.54 | $1,820.76 |
| .900 | $55.46 | $1,724.93 |
| .850 | $52.38 | $1,629.10 |
What Platinum Items Are Commonly Scrapped
Platinum is one of the rarest and densest precious metals, and it appears in a variety of items that can be scrapped for their metal content. The most common source for individuals is platinum jewelry — rings, wedding bands, necklaces, bracelets, and earrings marked "Pt," "950 Plat," or "Pt950." Platinum jewelry is typically 95% pure (950 fineness), though some older or European pieces may be 90% or 85%.
Catalytic converters are the largest industrial source of scrap platinum. These emissions-control devices in vehicles contain small amounts of platinum, palladium, and rhodium coated on a ceramic honeycomb substrate. The platinum content varies widely by vehicle make, model, and year — from a fraction of a gram in some cars to several grams in diesel truck converters. Catalytic converter recycling is a specialized business; individual sellers should work with licensed buyers who can assay the converter's actual precious metal content.
Dental platinum is another common scrap source. Older dental crowns, bridges, and inlays sometimes contain platinum alloys, especially those made before the 1990s. Dental platinum is typically alloyed with gold and other metals, so the platinum content varies. A dental refiner can assay the exact composition and pay accordingly.
Laboratory and industrial platinum includes crucibles, electrodes, thermocouples, and other equipment used in chemical research and manufacturing. These items are often high-purity (.999) and can be quite valuable. Industrial platinum scrap should be sent to a precious metals refiner for assay and maximum recovery.
Platinum Pricing and Dealer Payouts
Platinum is priced per troy ounce on international markets, just like gold and silver. However, the platinum market is much smaller, and prices can be more volatile. Dealers typically pay 70–85% of melt value for platinum jewelry and 85–95% for high-purity platinum bullion or lab-grade platinum. The lower percentages for jewelry reflect higher refining costs — platinum's extremely high melting point (1,768°C / 3,215°F) makes it more expensive to refine than gold.
For gold and silver calculations, use our scrap gold calculator or scrap silver calculator. You can also calculate palladium melt values with our dedicated tool. Return to the melt value calculator homepage for all metals.