NYC’s Trusted Platinum Buyer
Platinum is one of the rarest and most valuable precious metals. If you have platinum jewelry, wedding bands, investment pieces, or scrap platinum, The Precious Metals Group offers the highest prices in New York City.
Since 2010, we’ve been Manhattan’s premier platinum buyer, offering transparent pricing, expert testing, and immediate payment. Visit our Midtown location at 30 W 47th St Suite 906 for a free, no-obligation appraisal.
What Types of Platinum We Buy
Platinum Jewelry
- Wedding bands and engagement rings
- Necklaces and chains
- Bracelets and bangles
- Earrings and studs
- Watches and watch bands
- Designer platinum pieces
PT900, PT950, PT999 all accepted
Platinum Bullion
- American Platinum Eagles
- Canadian Platinum Maple Leafs
- Australian Platinum Koalas
- Platinum bars and ingots
- Platinum rounds
- Investment-grade platinum in all sizes & quantities
Other Platinum Items
- Broken or damaged platinum
- Platinum-palladium alloys
- Industrial platinum scrap
- Single earrings or incomplete sets
- Unmarked platinum items (we test)
- Estate platinum pieces
Why Is Platinum So Valuable?
Platinum is 30 times rarer than gold and much more difficult to extract and refine. Only about 200 tons of platinum are mined annually worldwide, compared to over 3,000 tons of gold.
- Density: Platinum is 60% heavier than 14K gold
- Purity: Platinum jewelry is typically 90–95% pure
- Durability: Extremely resistant to wear and tarnish
- Industrial Uses: Used in catalytic converters, electronics, medicine
Platinum has historically been valued higher than gold, though prices fluctuate based on industrial demand and investment interest. Call us at (212) 840-0415 for today’s platinum price.
Understanding Platinum Purity & Markings
| Marking | Purity | Common Use |
|---|---|---|
| PT999 or 999 PLAT | 99.9% Pure | Bullion, investment bars |
| PT950 or PLAT 950 | 95% Pure | Fine jewelry, rings (most common) |
| PT900 or 900 PLAT | 90% Pure | Japanese jewelry |
| PT850 or PLAT 850 | 85% Pure | Some jewelry pieces |
How to Identify Platinum
- Look for stamps: PT, PLAT, PLATINUM, or purity numbers (950, 900)
- Weight: Platinum is significantly heavier than gold or silver
- Color: Silvery-white that doesn’t tarnish
- Platinum is non-magnetic
- When in doubt bring it in — we test for free
Don’t Confuse Platinum with White Gold
White gold is often mistaken for platinum, but it’s actually gold mixed with white metals and plated with rhodium. White gold will be stamped 10K, 14K, or 18K. Platinum is marked PT or PLAT. Platinum is significantly more valuable than white gold of the same weight.
Common Questions About Selling Platinum
How much is platinum worth today?
Platinum prices fluctuate daily based on global market conditions. Call us at (212) 840-0415 for today’s exact platinum price and a quote on your specific items.
Is platinum worth more than gold?
Historically, platinum has often traded at a premium to gold due to its rarity. However, prices fluctuate based on industrial demand, investment interest, and market conditions. In some periods gold trades higher. Call us for current pricing on both.
Do you buy broken or damaged platinum?
Absolutely. We buy platinum in any condition. Broken, bent, or damaged pieces have the same metal value as intact ones. We evaluate based on weight and purity, not appearance.
How do you test platinum?
We use XRF (X-ray fluorescence) analyzers and other professional testing equipment to precisely identify platinum and its purity. The test is done in front of you and takes only a few minutes.