Scrap Platinum Value Calculator
Current platinum spot price: Unavailable
Scrap Platinum Value Calculator
Common Scrap Platinum Items
| Item | Purity | Typical Weight | Scrap Value |
|---|---|---|---|
| Catalytic Converter | Varies | 5g | — |
| Platinum Ring (950) | .950 | 8g | — |
| Lab Equipment (crucible) | .999 | 50g | — |
| Thermocouple Wire | .900 | 10g | — |
Identifying and Recycling Scrap Platinum
Platinum is one of the rarest precious metals and is widely used in jewelry, automotive catalytic converters, laboratory equipment, and industrial applications. Identifying platinum requires checking for hallmarks such as “Pt,” “950,” “900,” or “850,” which indicate the parts per thousand of platinum content.
Scrap Value = Weight (troy oz) × Purity × Spot Price
Catalytic converters are one of the most common sources of scrap platinum. A single converter may contain 3–7 grams of platinum group metals (platinum, palladium, and rhodium). The exact content varies significantly by vehicle make, model, and year. Professional assaying is recommended before selling converters.
Platinum jewelry marked “950” is 95% pure platinum. A typical platinum ring weighing 8 grams contains about 0.2443 troy ounces of pure platinum, worth approximately calculated above at current spot per troy ounce. Refiners typically pay 90–97% of melt value for platinum scrap.