Platinum Melt Value Calculator
Current platinum spot price: Unavailable
Platinum Melt Value Calculator
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Common Platinum Items
| Item | Weight | Melt Value |
|---|---|---|
| 1 oz Platinum Eagle (99.95%) | 1 ozt | — |
| 1 oz Canadian Maple Leaf (99.95%) | 1 ozt | — |
| 10 oz Platinum Bar | 10 ozt | — |
| 1 kg Platinum Bar | 32.1507 ozt | — |
Platinum Purity Grades
| Grade | Purity | Value/ozt |
|---|---|---|
| 999 (Pure) | 99.9% | — |
| 950 (Jewelry) | 95.0% | — |
| 900 (Vintage Jewelry) | 90.0% | — |
| 850 (European) | 85.0% | — |
About Platinum and Its Uses
Platinum is one of the rarest precious metals, approximately 15–20 times scarcer than gold in the Earth's crust. It is prized for its density, corrosion resistance, and catalytic properties.
The largest demand for platinum comes from catalytic converters in diesel vehicles, where it helps reduce harmful emissions. Platinum is also widely used in fine jewelry — particularly in engagement rings and wedding bands — due to its durability and naturally white luster.
Industrial applications include laboratory equipment, electrical contacts, dentistry, and medical devices. Platinum's high melting point (1,768°C) and chemical stability make it indispensable in many high-temperature and corrosive environments.
Melt Value = Weight (troy oz) × Purity × Spot Price