Platinum
Where to Sell and Buy Platinum in Las Vegas?
Platinum buyers in Las Vegas are professional precious-metal dealers who evaluate and purchase platinum jewelry, coins, and industrial platinum by analyzing the metal’s purity, weight, and current platinum market price before making a purchase offer.
Las Vegas Jewelry and Coin buys both jewelry and industrial platinum. We are especially interested in buying:
Jewelry-Grade Platinum:
- Rings
- Chains
- Art deco
- Antique filigree bands
- Old rings (with or without stones)
- Jewelry
We frequently pay well over the platinum price for jewelry, and you can see how platinum fits into our broader purchasing categories on the fine jewelry and platinum pages.
Industrial-Grade Platinum:
- Thermocouple wire
- Crucibles
- Labware
There is no need to send your material anywhere for refining. We assay and weigh your material in plain-view, then provide you with an on the spot quote and an immediate payment in cash for your platinum.
With a history dating back about 3,000 years ago, platinum was first used by Egyptians but didn’t find its way into jewelry until the year 1780 when Louis XVI of France declared it the only metal fit for kings. Today, platinum is one of the rarest precious metals available, existing in only a few locations across the globe. As one of the four precious metals along with gold, silver, and palladium, no other precious metal is as pure or has the long-lasting qualities of platinum, making it a quality choice for fine jewelry.
What Is Platinum?
Although its history dates back to the ancient Egyptians, platinum wasn’t recognized as a precious metal until after the mid-1800s. Compared to other precious metals, platinum is extremely rare with almost 75% of it coming from South Africa. The remaining amounts come from Russia, Zimbabwe, and North America.
You’ll notice that platinum is the premium choice when it comes to jewelry, especially when it involves wedding and engagement rings. Since it’s one of the hardest metals available, platinum makes for an excellent jewelry option. If you are unsure what your markings mean or how they affect value, our jewelry appraisals page explains how our team reads hallmarks and tests metals before making offers.
It’s important to note that you’ll rarely find 100% pure platinum since it’s typically mixed with other metals. The higher the percentage of pure platinum, the more expensive the piece of jewelry. To determine how much platinum is in your piece of jewelry, locate the platinum hallmark. You’ll usually find the hallmark, which is a small identification symbol, stamped somewhere on the piece of jewelry. Some common designations are as followed:
- 950 Plat or Pt.: This metal is 95% pure platinum and 5% alloy metals.
- 900: 90% pure platinum and 10% alloy metals.
- 850: 85% pure platinum and 15% alloy metals.
- 800: 80% pure platinum and 20% palladium.
- No platinum label: Less than 50% pure platinum.
Why Is Platinum Valuable?
Platinum is an extremely valuable metal, especially when used in jewelry. Some of the reasons for its value include the following:
- Purity: Platinum has a high level of purity, which makes it hypoallergenic and ideal for those with sensitive skin. It also resists tarnishing. In the United States, platinum jewelry usually contains 85% to 95% pure platinum. By comparison, 18-karat gold is only 58.3% pure gold.
- Rarity: In 2018, the world produced 860 million ounces of silver, 109 million ounces of gold, but only 6 million ounces of platinum. One of the reasons for its rarity is the difficulty it takes to obtain it. Experts state that 95% of platinum reserves rest within the earth’s crust in South Africa.
- Strength: Platinum is one of the strongest, most enduring, and heaviest metals available. People who wear jewelry daily gravitate toward platinum since it exhibits minimal material loss, even after prolonged wear.
If you have platinum jewelry just lying around, instead of letting it just take up space, consider selling it to us. As the premier gold, silver, and platinum buyer in the entire state, Las Vegas Jewelry and Coin Buyers offers customers the best cash value for their valuables. Reach out to us today if you’re looking to cash in some platinum items since we frequently pay well over the platinum price for jewelry.
Frequently Asked Questions About Platinum Buyers In Las Vegas
What Types Of Platinum Can I Sell In Las Vegas?
You can typically sell both jewelry‑grade platinum, such as rings, chains, and Art Deco or antique filigree pieces, and industrial‑grade platinum like thermocouple wire, crucibles, and labware. Buyers who specialize in precious metals are equipped to test and value both categories during a single appointment.
How Do Platinum Buyers Decide What My Platinum Is Worth?
Platinum buyers evaluate purity (based on hallmarks and testing), weight, current market prices, and whether the item has extra value as finished jewelry. High‑purity platinum pieces from well‑known designers or with high‑quality stones often receive offers above basic metal value, while industrial material is usually priced closer to its melt value.
Is Platinum More Valuable Than Gold When I Sell It?
Platinum has historically been priced above gold at times due to its rarity and industrial uses, but market prices for the two metals move independently. When you visit a platinum buyer, they base your offer on the live platinum price that day, the purity of your items, and demand for specific jewelry or industrial forms.
Do I Need Documentation Or Hallmarks To Sell Platinum?
Hallmarks and paperwork can help confirm purity, but they are not strictly required to sell platinum. A reputable platinum buyer can perform tests on unlabeled pieces to verify content, then explain how that purity level affects your cash offer.
Can I Sell Platinum Jewelry That Is Damaged Or Out Of Style?
Yes, platinum jewelry can be sold even if it is scratched, out of fashion, or missing stones, because the metal itself retains significant value. Buyers often evaluate these pieces for both metal content and potential resale, then present a cash offer that reflects whichever value is higher.