How Much is Platinum Scrap Worth?

How Much is Platinum Scrap Worth?

With platinum trading on the London Fix for $831 per ounce, it’s no wonder that precious metal investors look to platinum as a top investment today. Its trading price falls about halfway between the current Fix price of only $17.25 for an ounce of silver, and $1510.80 for an ounce of gold. Plus, traders realize that although platinum is rarer than gold and certainly a lot rarer than silver, many kinds of platinum scrap are not too difficult to find. They know that if they can buy platinum scrap at pennies on the dollar, which is often possible, they can send it to us for testing and recycling and profit handsomely on their investment.

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The Art and Science of Valuing Your Platinum Thermocouple Scrap

The Art and Science of Valuing Your Platinum Thermocouple Scrap

“Why Thermocouples Could Be the Smartest Precious Metal Investments Today,” a post on this blog on July 19th, 2019, explained why investing in scrapped thermocouples is a very smart move for precious metal investors today.

In today’s post we would like to examine in more depth a question that we only touched on in that earlier post. Let’s explore it some more!

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What Is Industrial Catalyst? And How Much Can You Profit from Recycling It?

What Is Industrial Catalyst? And How Much Can You Profit from Recycling It?

If you work in an industry that uses industrial catalysts, you probably know what they are and what precious metals yours contain.

What you might not know, however, is that the catalysts that have lived out their life in your factory could still contain significant amounts of precious metals like gold, silver and even platinum that are well worth recycling. If you are not sure how much precious metal could be reclaimed by having them recycled by a precious metals refinery like Specialty Metals Smelters and Refiners, we urge you to call our consultants today at 800-426-2344. We are here to offer advice and testing on your used catalysts. In just a few minutes on the phone with us, you could discover that you are sitting on precious metals that could be worth a lot of money.

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Is This a Good Time to Invest in Silver, Gold, Platinum and Rhodium Bullion?

Is This a Good Time to Invest in Silver, Gold, Platinum and Rhodium Bullion?

Do you like to buy silver, gold, platinum and rhodium bullion bars and coins?

If you do, you are making a prudent investment choice for these reasons . . .

  • You know exactly what you are buying, because they are precisely measured, and issued by governments and reliable companies that are generally trustworthy.

  • You can gauge whether your bars and coins are fairly priced, because you can compare their weight to current trading prices. (Note, however, that in most cases bullion bars and coins are sold at prices that are slightly higher than current trading prices.)

  • They are convenient investments – easy to buy. Plus, they are packaged in sealed plastic containers that protect them, and which can be easily stored in safety deposit boxes, safes and other secure locations.

  • You are all but assured that the precious metals they contain are pure.

  • You can enjoy volume discounts, because many dealers will reduce the price per unit if you buy 10, 20, 50 or more at one time.

Okay, those are good reasons. But do they mean that you are making the most profitable investment possible in precious metals if you buy bars and coins? We’ll return to that question in a minute. But first, let’s consider a different question.

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Why Thermocouples Could Be the Smartest Precious Metal Investments Today

Why Thermocouples Could Be the Smartest Precious Metal Investments Today

If you are a regular reader of our blog, you have noticed that we have written many posts about thermocouples in the past. Hopefully, you’ve been gleaning information about what thermocouples are and how you can profit from the platinum, rhodium, silver and other precious metals they contain.

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Everything You Need to Know about Profiting in Platinum Scrap

Everything You Need to Know about Profiting in Platinum Scrap

In the classic movie The Graduate, a man takes a recent college graduate aside and says to him, “I have one word to say to you . . . PLASTICS!”

That is a famous scene, and we have some similar advice for you. If you want to profit richly from investing in precious metals, “We have just one word to say to you . . . PLATINUM!”

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High Platinum and Gold Prices Result in Record Numbers of Jewelry Thefts . . .

High Platinum and Gold Prices Result in Record Numbers of Jewelry Thefts . . .

There are many reasons to avoid buying stolen items of jewelry. One practical reason is that if you do buy items that were stolen, they could be confiscated by law enforcement agencies. Another, more important reason is that even if you buy “hot” items without knowing they were stolen, you are supporting a number of criminal gangs that engaged in violent crimes. Even if you buy those items from pawn shops or legitimate jewelers and have no idea that you are trading in stolen goods, you are contributing to a form of crime that is big and getting bigger.

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Platinum Is Cool, Platinum is Hot . . . and Here Are the Reasons Why

Platinum Is Cool, Platinum is Hot . . . and Here Are the Reasons Why

We have written on this blog in the past about stoves, furnaces, space heaters and other “hot” places you can find platinum thermocouple wire that we can recycle for you in our precious metal refinery.

But what about cold places? Don’t air conditioners contain thermocouple wire that we can process for you? Yes, they do. But before we delve into that subject, let’s consider the fundamental difference between devices that generate heat and devices that cool things off . . .

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Which New Cars Still Have Catalytic Converters?

Which New Cars Still Have Catalytic Converters?

You have probably heard the news that catalytic converters are disappearing now that electric cars are increasing in number on America’s roads.

That’s true. But the fact is that there are still plenty of new “standard” cars that are powered by either gasoline or diesel fuel, and those models still have catalytic converters.

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New Trends in Engagement Ring Design Keeps the Demand for Platinum High

New Trends in Engagement Ring Design Keeps the Demand for Platinum High

Do you know any couples who have gotten engaged recently? If you do, chances are good that their engagement rings were made of platinum, not gold. Perhaps even more than the size of the diamond, the beauty of the platinum that was used to make the ring is what is attracting attention today.

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You Can Still Eliminate the Middleman and Make Money Recycling

You Can Still Eliminate the Middleman and Make Money Recycling

“How to Eliminate the Middleman and Make More Money from Your Used Catalytic Converters” is one of the most popular posts we published on this blog. Although we published it back in 2014, the advice it contains is still relevant today, and we urge you to read it.

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Will You Get More Money by Donating Your Old Car to Charity or by Recycling the Precious Metals It Contains?

Will You Get More Money by Donating Your Old Car to Charity or by Recycling the Precious Metals It Contains?

If you have ever donated a car to a charity, you know the routine. You call to schedule a time when your car will be picked up. A flatbed truck arrives, the driver writes out a receipt, and your old car gets hauled away. A little while later, you get a receipt from the charity that took your car. That receipt should provide a value for the car you donated, which should be what the charity sold the car for.

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Why the Ugliest Platinum Holiday Gifts Are the Most Beautiful of All

Why the Ugliest Platinum Holiday Gifts Are the Most Beautiful of All

Let’s say that you want to give your favorite person a really special present for the holidays – something that stands out. Let’s also assume that you want to give a present that is made of platinum, because platinum is especially beautiful and memorable.

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What Is Sterling Platinum?

What Is Sterling Platinum?

As a precious metal investor, you are already on the lookout for platinum scrap. You are also on the lookout for sterling silver, even though it is worth much less per ounce than platinum is.

But what about sterling platinum? What is it, and what do you need to know about making money from investing in it?

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Are Sputtering Targets Your Best Buy in Platinum Scrap Today?

Are Sputtering Targets Your Best Buy in Platinum Scrap Today?

Are you interested in making money in platinum scrap? There are plenty of reasons you should be. The biggest could be that the new tariffs on items imported from China seem poised to raise the cost of platinum-containing items.

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Why You Can Make More Money Investing in Platinum Scrap

Why You Can Make More Money Investing in Platinum Scrap

Many people like to invest in bullion and coins that are made of gold, platinum or silver. The predictability appeals to them. They buy a pure piece of platinum, gold or silver that comes in a hard plastic case that they can either open or put in a safe.

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What Are the Most Common Compounds that Contain Platinum?

What Are the Most Common Compounds that Contain Platinum?

Platinum has many wonderful properties. It is bright, shiny and resistant to oxidation.

But did you also know that platinum combines with a number of other elements to form chemical mixtures that are useful as catalysts in chemical processes, and also in plating and other industrial processes? And did you also know that in many cases, the platinum that those compounds contain can be extracted by a precious metal refinery like Specialty Metals Smelters and Refiners?

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