How and Where to Sell Platinum Online or Near Me for the Most Cash

As one of the most sought-after precious metals, platinum is highly valuable because it is rare and in demand. However, selling platinum for the most money means finding the best buyer.

At Cash for Gold USA, we have helped more than 1 million people like you turn platinum, gold, silver, luxury watches, diamonds, and jewelry into cash quickly, securely, and at highly competitive rates.

What is Platinum?

Platinum is one of the rarest and most valuable metals on Earth. It is 30 times more rarer than gold. Platinum has a silvery-white appearance and exceptional durability, which is why it is in demand across a number of industries¹. 

‍Rarity: Platinum is 30 times more than gold, making it one of the most sought-after metals². 

‍Durability: Platinum is incredibly strong. It resists tarnishing and corrosion, making it popular for fine jewelry and industrial uses.Uses: Platinum is important in industries beyond jewelry, like automotive manufacturing (for catalytic converters), medical equipment, dental prostheses, and electronics³. 

‍Value: Because of its rarity and uses, platinum prices have been on a generally upward trajectory since mid-2023⁴. 

Let's explore methods for verifying the authenticity of your engagement ring, wedding band, or anniversary band so that you can make a well-informed decision about its potential sale.

Popular Platinum Items to Sell

If you’re considering selling platinum, there are a variety of items that might have significant value in your home (or garage). Whether you’re cleaning out your jewelry box to sell a platinum ring, cashing in on a rare coin, or recycling old industrial parts, there are plenty of ways to turn your platinum into cash. Here are some of the most popular platinum items that people sell.

‍Platinum Jewelry: Platinum wedding rings, necklaces, earrings, and bracelets made from high-purity platinum (often 90-95%).

‍Platinum Coins: Collectibles like the American Platinum Eagle or Canadian Maple Leaf.

‍Scrap Platinum: Broken jewelry, watch bands, or scrap from industrial items like catalytic converters.e these tests can provide insights, they could be more foolproof. Some counterfeit gold alloys may respond to something other than magnets.

Alternatively, you can opt for an acid test to assess the purity of both platinum and gold.

Understanding Platinum’s Value

Before you can get the best offer for your platinum items, it is good to have an idea of your platinum's value. Factors like purity, weight, market price, and condition play a role in pricing.

‍Purity and Hallmarks: Platinum items are stamped with markings like PT950 (95% pure) or PT900 (90% pure). Higher purity means higher value, so check these markings before selling.

‍Weight: Platinum is priced by weight, typically measured in ounces. Heavier items are worth more. Weighing your items ensures accurate appraisals.

‍Market Price: Platinum’s price fluctuates daily based on industrial demand and economic trends. Check current prices through reputable sources like Kitco.

‍Condition and Rarity: Pristine jewelry, limited-edition coins, or antique pieces often fetch higher prices due to their condition and collectability.

As you consider selling to a platinum buyer, at Cash for Gold USA, we are not concerned about the condition of the platinum. We pay for the intrinsic value of the metal. Whether it is an engagement ring or platinum scrap, we offer competitive platinum prices.

Where to Sell Platinum

Choosing the right platinum buyer is key to getting the best offer for your platinum. Understanding the pros and cons of each option will help you make an informed decision. Here’s a quick breakdown:

Local Platinum Buyers

Selling to platinum buyers “near me” offers immediate payment and face-to-face negotiation, but payouts may be lower due to overhead costs and limited expertise.

‍Pawnshops: They are a good option if you need instant cash and convenience with no need for shipping. However, they often provide lower offers due to limited knowledge of platinum’s value.

‍Jewelry Stores: If you have jewelry in good condition and documentation, a local jeweler might be a good option. But they might likely not be interested in coins, scrap, or industrial platinum.

Coin Shops: A local numismatist might know about platinum coins and bars. But, as with most potential buyers locally, their rates might be less competitive due to the high expenses of running a brick-and-mortar business.

‍High-End Consignment Shops: If you have rare or designer platinum jewelry pieces, you might get a good payout going through a high-end consignment shop. The problem, though, is not all cities have such a business. Selling the piece could take a long time, and you might have to pay high consignment fees.

Online Platinum Buyers

Selling platinum online to reputable buyers like Cash for Gold USA provides access to a larger market, competitive pricing, and a convenient process. It’s an excellent choice for selling items like scrap platinum, coins, or bars.

‍Cash for Gold USA: We offer free, insured shipping kits and quick payments based on competitive market prices. We also have a Price "Beat" Guarantee. We will send you a free Appraisal Kit to make the selling process as easy and convenient as possible.

‍Specialized Buyers: Buyers who specialize in coins, bars, and investment-grade platinum provide transparent and fair offers. However, they typically focus only on specific types of platinum items. So, make sure you contact the company to make sure you understand exactly what they will buy.

‍Auction Sites or Marketplaces: Platforms like eBay and Facebook Marketplace might give you wider exposure, but creating detailed listings and managing sales takes time, and seller fees can cut into your profits. Additionally, there are many scams associated with selling on these platforms.