📍 30 W 47th St Suite 906, 9th Floor, New York, NY 10036

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.

Get Your Free Platinum Quote
[Image: Platinum rings and jewelry]

What Types of Platinum Do We Buy?

All forms of platinum - jewelry, bullion, and scrap

[Image: Platinum jewelry]

Platinum Jewelry

We Buy:

  • Wedding bands and engagement rings
  • Necklaces and chains
  • Bracelets and bangles
  • Earrings and studs
  • Watches and watch bands
  • Designer platinum pieces

PT900, PT950, PT999

[Image: Platinum coins and bars]

Platinum Bullion

We Buy:

  • American Platinum Eagles
  • Canadian Platinum Maple Leafs
  • Australian Platinum Koalas
  • Platinum bars and ingots
  • Platinum rounds
  • Investment-grade platinum

All Sizes & Quantities

[Image: Various platinum items]

Other Platinum Items

We Buy:

  • Broken or damaged platinum
  • Platinum-palladium alloys
  • Industrial platinum scrap
  • Single earrings or incomplete sets
  • Unmarked platinum items (we test)
  • Estate platinum pieces

Any Condition Accepted

Why Is Platinum So Valuable?

The Rarest Precious Metal

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
  • Hypoallergenic: Perfect for sensitive skin
  • Industrial Uses: Used in catalytic converters, electronics, medicine

Investment Potential

Platinum has historically been valued higher than gold, though prices fluctuate based on industrial demand and investment interest. Key factors:

  • Limited Supply: Most platinum comes from just South Africa and Russia
  • Industrial Demand: Auto industry uses 40% of platinum supply
  • Investment Demand: Growing interest in platinum as a precious metal investment
  • Price Volatility: Can create selling opportunities

Current Market: Platinum prices can range from $900-$1,200+ per ounce depending on market conditions. Call us for today's platinum prices: 212-840-0415

Understanding Platinum Purity & Markings

Platinum Purity Grades

Marking Purity Common Use Characteristics
PT999 or 999 PLAT 99.9% Pure Bullion, investment bars Highest purity platinum
PT950 or PLAT 950 95% Pure Fine jewelry, rings Most common jewelry grade
PT900 or 900 PLAT 90% Pure Japanese jewelry Still high-quality platinum
PT850 or PLAT 850 85% Pure Some jewelry pieces Lower but acceptable purity

💡 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 color that doesn't tarnish
  • Magnet test: Platinum is non-magnetic
  • Professional testing: We use XRF analyzers for accurate testing

⚠️ 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 much more valuable than white gold of the same weight.

Sell Your Platinum in 3 Easy Steps

1

Visit Our Office

Walk in during business hours or call for an evening appointment. Bring your platinum items and valid ID to our Midtown Manhattan location.

2

Expert Testing & Appraisal

We test your platinum using XRF analyzers and other professional equipment. We explain the process and show you the purity and weight calculations.

3

Immediate Payment

Receive our competitive cash offer based on current platinum prices. Accept and get paid immediately in cash, check, or bank transfer.

Platinum Selling FAQs

How much is platinum worth today?

Platinum prices fluctuate daily based on global market conditions. Current prices typically range from $900-$1,200+ per ounce. Call us at 212-840-0415 for today's exact platinum price and a quote on your items.

Is platinum worth more than gold?

Historically, platinum has often traded at a premium to gold due to its rarity. However, prices fluctuate - sometimes platinum is higher, sometimes gold is higher. Both are valuable, but platinum is rarer and denser.

How can I tell if my jewelry is platinum or white gold?

Check the stamp inside the ring or on the clasp. Platinum will be marked PT, PLAT, 950, or 900. White gold will be stamped 10K, 14K, or 18K. If there's no marking, bring it in - we'll test it for free. Platinum is also noticeably heavier than white gold.

Do you buy platinum wedding rings and engagement rings?

Yes! We buy platinum wedding bands, engagement rings, and anniversary bands. Whether you're divorced, widowed, or simply upgrading, we pay top dollar for platinum rings regardless of the emotional history.

What if my platinum jewelry has diamonds or gemstones?

Excellent! We evaluate the diamonds and gemstones separately and pay for both the platinum and the stones. This often results in a significantly higher payout than melt value alone.

Do you buy broken platinum jewelry?

Absolutely! Broken, bent, or damaged platinum has the same melt value as intact pieces. We buy platinum in any condition since we're purchasing based on platinum content, not wearability.

How do you test platinum?

We use XRF (X-ray fluorescence) analyzers which provide instant, non-destructive testing. This technology reads the elemental composition of your items, giving us precise purity readings. We may also use acid testing for confirmation.

What's the difference between PT950 and PT900?

PT950 is 95% pure platinum (5% alloyed metals), while PT900 is 90% pure (10% alloyed metals). PT950 is more common in Western jewelry and worth slightly more per gram. Both are genuine platinum.

Do you buy platinum coins and bullion?

Yes! We buy all platinum bullion including American Platinum Eagles, Canadian Platinum Maple Leafs, and platinum bars from recognized mints. We pay based on current spot prices plus any numismatic value.

Can I sell platinum-palladium alloys?

Yes, we buy platinum-palladium alloys. These are sometimes used in jewelry and industrial applications. We test to determine the exact composition and make an offer based on the platinum and palladium content.

Is there a minimum amount of platinum you'll buy?

No minimum! Whether you have a single platinum ring or a large collection, we're interested. We have the expertise and capital to handle transactions of any size.

How quickly can I get paid?

Immediately! Once you accept our offer, we pay on the spot. Cash for most transactions, or check/bank transfer for larger amounts if you prefer. The entire process typically takes 10-15 minutes.

Why Sell Platinum to The Precious Metals Group?

🔬 Expert Platinum Testing

We use state-of-the-art XRF analyzers and other professional testing equipment. Our appraisers are trained in platinum identification and valuation, ensuring you get accurate assessments and fair prices.

💰 Highest Platinum Prices in NYC

We consistently pay more than competitors because we're direct buyers - no middlemen. Compare our offer to pawn shops, jewelers, or online buyers - we're confident we'll pay more.

🏆 Trusted Since 2010

Over a decade of serving New York City with honest, transparent platinum buying. Fully licensed and insured NYC precious metals dealer with thousands of satisfied customers.

⚡ Fast & Convenient

Prime Midtown location near Rockefeller Center. Walk-ins welcome, no appointment needed during regular hours. In and out with cash in hand within 15 minutes.

Visit Our Midtown Manhattan Location

Convenient Midtown Location

The Precious Metals Group
30 W 47th St Suite 906, 9th Floor
New York, NY 10036
Phone: 212-840-0415

⏰ Business Hours:

Walk-ins Welcome:
Monday - Friday: 10:00 AM - 6:00 PM

Evening Appointments:
6:00 PM - 11:00 PM (Call ahead)

Saturday: By appointment only
Sunday: Closed

Call: 212-840-0415
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Ready to Sell Your Platinum?

Get the highest prices for your platinum in NYC - Visit us today!

Get Your Free Quote Call Now: 212-840-0415