Selling scrap platinum is an area of platinum most people have not been particularly aware of until recently. As thoughts turn to how to raise cash in these troubled times more and more people are now becoming aware that they can sell scrap platinum and make a tidy profit from it and so want to know where to sell scrap platinum and also how to sell it.

But how do they do it? Firstly scrap platinum can be found in many places:

Electronic Equipment
Circuit Boards
Auto Parts (such as catalytic converters)
Bent/Broken Jewelry
Bracelets or chains that are inextricably tangled
Broken and unwanted gold scrap
Casting platinum and grain
Cluster Rings
Platinum alloys
Platinum bracelets
Platinum bullion
Platinum chain
Platinum class rings
Platinum Coins
Platinum coins and bars
Platinum dental crowns and bridgework
Platinum dust and sweeps
Platinum Earrings
Platinum findings
Platinum flake
Platinum ingots
Platinum nuggets
Platinum Pins/Brooches
Platinum screen and mesh
Platinum sheet
Platinum sheet,
Platinum shot
Platinum sizing stock
Platinum solder
Platinum sponge
Platinum wedding bands
Platinum wire
Platinum -filled scrap
Items with missing stones
Platinum Old gold watches
Polishing and buffing dust

There are many scrap merchants around that will accept scrap platinum. You can find many online.

The first thing is to find out what the current price of platinum is. This is displayed at the top of the web site in US dollars.

If you have a dealer willing to buy close to home it is simply a matter of taking the scrap platinum and getting a price for it. If there is no one suitable close at hand, you will need to send the platinum away for a quote. There are many reputable dealers who will do this and mostly they will, when requested, send you a special envelope to put the platinum in. This envelope should be registered and require a signature when you return it and, of course, should be insured.

After the platinum scrap dealer has assessed the gold you sent, you will get a phone call or email to contact their representative who will then discuss the price they will pay for your platinum. If you are satisfied with it, they will simply send you a check. If you are not they will return the scrap platinum to you.

Generally speaking you will get the value of the platinum the moment it is assessed by the dealer less a handling fee. It is important to note that the price a dealer may pay will not always reflect the retail price of that item. It reflects merely the value of the platinum by weight and quantity only. What that fee is, is difficult to say as it can vary with the type of platinum and the quantity you are offering and the terms under which the dealer operates.

You should, of course, know with whom you are dealing and ensure they are easy to contact and offer a prompt service.

Some of the most well known buyers of scrap platinum are:

www.midwestrefineries.com
www.recycleplatinum.com
www.scrapspot.com
www.123preciousmetals.com

To name but four.

With the above information you should have no trouble with your scrap platinum. Knowing how to sell scrap platinum is just as important as knowing where to sell scrap platinum.

This entry was posted on Saturday, February 28th, 2009 at 10:31 am.