Precious metals have dominated men’s hearts since the dawn of civilization. The ancient Egyptians considered gold to be sacred, and used it to decorate their temples and forge their artifacts. The Minoans used silver in much of their art. To this day, these two metals are used as symbols of wealth in everything from casinos to major athletic competitions. However, much has changed since gold and silver were first discovered. Today, many people are investing in a new metal said to be the rising star of the precious metal industry: Platinum.
Platinum is a relatively new addition to the precious metal market. The metal was first discovered by the Spanish in 1735. Today, platinum is among the most valuable metals in the world. The metal is consistently priced as far more expensive then silver, and is a close second to gold. Furthermore, the metal is rapidly gaining popularity with collectors and investors alike. However, many people are uncertain about the best place to sell platinum. Thankfully, we’re here today to help our readers learn how to sell platinum.
The first thing to take into consideration when discussing platinum is that it usually comes in one of three distinct forms: Rounds, Coins, or Bullion. Knowing the difference between these three forms will assist one in appraising platinum. Calculating the price of rounds and bullion is usually just a matter of checking the spot price. The platinum spot price is the current rate for one troy ounce of platinum. Coins, on the other hand, appreciate in value over time. These items are best left to professional appraisers.
Once one is relatively certain of the worth of his platinum, it’s time to determine where to sell your platinum. As with most things, the best place to sell platinum depends on your needs. If looking for quick cash, there’s always the option to go to local jewelry stores or pawn shops. However, it’s almost certain that sellers won’t receive the full value for their platinum at such stores.
Another possibility is to sell platinum in an auction. This choice is best for those possess platinum coins that have appreciated beyond their spot price. Due to the nature of auctions, there for the platinum to sell for especially high prices. However, there is also the chance of said platinum being unpopular, resulting in a below-average sale.
The final possibility is to sell to a trusted online company. These companies can offer a fair price for one’s platinum and secure, speedy delivery. For instance, we have several expert appraisers that can tell you the exact value of your platinum. If you wish to sell platinum, please contact us at any time.