Platinum Jewelry Value Calculator

Calculate the melt value and estimated resale price of your platinum jewelry based on weight, purity, and current platinum prices.

Platinum Melt Value Calculator

Calculate the pure platinum melt value of your jewelry.

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Platinum vs Gold Value Comparison

Compare platinum melt value with equivalent gold jewelry value.

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Platinum Buyer Price Comparison

See what different buyers would pay for your platinum jewelry.

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Formula

Melt Value = Weight (g) × Purity × Platinum Price per gram
Platinum Price per gram = Spot Price per troy oz / 31.1035

Frequently Asked Questions

How much is platinum jewelry worth?
Platinum jewelry value depends on weight, purity (typically Pt950 or Pt900), and the current spot price. Platinum is denser than gold, so pieces weigh more. Most buyers pay 70-90% of melt value.
Is platinum more valuable than gold?
Gold currently trades at a higher price per ounce than platinum. However, platinum jewelry contains 90-95% pure metal vs 58-75% for gold jewelry, and platinum pieces are heavier due to higher density.
What purity is platinum jewelry?
Most platinum jewelry is Pt950 (95% pure) or Pt900 (90% pure). In the US, items must be at least 50% platinum to use the name. Alloy metals include ruthenium, iridium, or cobalt for added hardness.

Understanding Platinum Jewelry Value

Platinum is one of the rarest precious metals, approximately 30 times rarer than gold. Platinum jewelry is valued for its natural white luster, durability, and hypoallergenic properties. Unlike white gold, platinum does not require rhodium plating to maintain its color, though it develops a characteristic patina over time that many collectors prize.

Platinum jewelry is typically 90-95% pure, significantly higher than gold jewelry. This high purity, combined with platinum's density (21.45 g/cm3 vs gold's 19.32 g/cm3), means platinum pieces are heavier and contain more precious metal. A platinum ring identical in design to an 18k gold ring will weigh approximately 40% more.

When selling platinum jewelry, expect 70-90% of melt value from reputable buyers. Platinum from prestigious brands like Cartier, Harry Winston, or Tiffany & Co. can sell above melt value. The market for recycled platinum is strong due to its use in industrial applications, particularly catalytic converters and chemical processing.

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