How Much Is My Platinum Wedding Ring Worth?

Platinum rings are more expensive than gold due to their rarity and the quality of the gemstones incorporated in the platinum band. High-grade platinum rings cost between $700 and $800 in the market, while a 4mm 95% pure platinum ring might set you back around $800. Platinum wedding rings generally start at around $2,000 and depend on the gem quality. To determine the value of your platinum ring, determine its purity, find its weight in grams, and multiply its weight by the current price.

Platinum is mined much less than gold, meaning it is rarer and more expensive. For example, a 4g, 14k gold wedding band with a current value of $2000/ounce would have a fair market value of $850-$950. The average diamond engagement ring in the United States is between 1.08 and 1.2 carats, with the bigger the diamond, the higher the price estimate.

When selling and setting realistic price expectations for your ring, expect to receive between 25%-45% of the original retail price. For example, a Mid-Weight Mens Wedding Ring In Platinum in 95% percent platinum costs $783, compared to a Mid-Weight Mens Wedding Ring In White Gold. Both metals are typically paired with precious stones and could cost less than $1,000 or as much as $4,000.

Can I sell my platinum ring?

You can sell your platinum ring or other jewelry. Which buyer? It can be hard to choose. The most popular options are auctions, pawnshops, and private buyers. Sell your platinum to a private buyer to make the most money and avoid scams. If you want to sell your platinum ring, a private buyer is the best and safest option. They’ll likely give you the best price. Regardless of what you choose, make sure you sell to a buyer you can trust. With so many “we buy platinum” stores, it’s hard to know who to trust. Read reviews and speak with the buyers. If you don’t feel comfortable, go elsewhere. There are lots of buyers looking to buy platinum rings. Now that you know where to sell platinum, you probably want to know how. Learn about your platinum and the selling process. Find out what platinum usually sells for. The more you know, the more you’ll make. Knowing what you’re doing will protect you from unscrupulous buyers. The second step is to take your platinum to an expert appraiser who will determine its true value and what it will sell for. If you have questions, an appraiser will answer. Once your items are appraised, a buyer will help you sell them. Do your research before selling your platinum ring. Selling platinum is tricky because it’s hard to find a reliable buyer. The appraisal is simple and your valuables won’t be damaged. The appraiser will test, weigh, and inspect your platinum. Weighing platinum is important because it helps distinguish it from other metals. Palladium looks like platinum but weighs less. An appraiser who knows what they’re doing can tell the difference. Your platinum will also be tested for purity and any damage. The price you get for your platinum depends on what the appraiser finds.

How much is a platinum ring worth to sell?

Sign in or register now. GBPEURGold: £1,846.71€2,159.66 Silver: £21.23€24.83 Platinum: £759.47€888.16 5 days ago: Sell your old platinum jewelry as scrap to BullionByPost. We pay up to 91% of the spot price for your scrap platinum. Use the calculator below to get a live quote for your scrap platinum. Selling scrap to us is easy. Call us on 0121 634 8060 to fix a price. Send it to us and we’ll pay you within three days by bank transfer.

How much would a platinum ring be worth?

Platinum is one of the rarest metals. Platinum is mainly found in Russia and South Africa. It is much rarer than gold. It is also four times stronger, which makes it more expensive. This platinum wedding ring costs $783, while a white gold wedding ring of the same size and weight costs $435. The metal’s purity affects the price. Platinum is strong and dense, so it is usually mixed with other metals to make it more malleable. Purity levels are measured from 85% to 99.9%. High-grade pieces are at least 90% pure platinum. This is shown by a stamp on the inside of the band. Each Brilliance platinum ring has a hallmark showing its purity. A ring with at least 95% platinum and 5% alloy metals is pure and costs the most. All our fine platinum pieces at Brilliance meet this standard.

Why platinum has low resale value?

Platinum doesn’t sell well. Platinum has a poor resale value, according to The Economic Times. Not many people want to buy it. You can find a reputable buyer, but you’ll need to search.

Purity can be an issue. It’s easier to sell platinum in bar or coin form than jewelry. Bars and coins usually have purity marks. Bars and coins have more documentation. But platinum jewelry often has other metals in it. This could be an issue for people selling platinum jewelry. Buyers look for marks or stamps on platinum pieces that indicate purity. PT 900: 90% platinum purity. PT 950: 95% platinum purity. These purity levels are average for platinum pieces. Platinum coins are usually 99.95 percent pure. Platinum bars are usually 99% pure. That’s why platinum coins and bars sell easily.

Do Your Homework. Work with a reputable precious metals firm to sell your platinum and get a fair price. It helps to know what to look for when a buyer makes an offer. Watch out for: • The quality and purity of any platinum pieces you wish to sell. • The current value of platinum. • The demand for platinum. In 2021, the platinum market was oversupplied, which resulted in a dip in demand of nearly 10 percent.

Is platinum as easy to sell as gold?

Liquidity. When investing in any asset, consider its liquidity. This is how easy it is to buy and sell. Gold is more liquid than platinum because it is traded in large quantities and has a well-established market. This makes it easy for investors to buy and sell gold. Platinum has a less liquid market with less demand and more limited supply.

Volatility. Volatility is also important for investors.

Are platinum rings valuable?

Which is more valuable, gold or platinum? Platinum rings are more valuable than gold rings because they are heavier, rarer, and more pure. Pure gold is more expensive per ounce, but more of it is used in rings because it is denser. Platinum rings are usually 95% pure, while 14k gold is only 58.5% gold. Gold vs. Platinum Durability. Platinum is more durable. Gold and platinum are both strong and durable, but platinum is more durable. This is because platinum is very dense and has a special chemical structure. The prongs holding the center stone of a platinum ring are less likely to break than those of a gold ring. Pretty cool, right? Platinum wears down more slowly than gold. Platinum doesn’t scratch easily. Platinum scratches more easily than 14k gold. Platinum is a softer metal than 14k gold. It scratches a little easier than 14k gold. However, gold scratches and looks like a scratch. When platinum is scratched, it just moves around on the ring. It develops a patina finish, which looks like an antique ring. People love patina finishes!

Is platinum resale value better than gold?

Is platinum more valuable than gold? Platinum is more valuable than gold. Platinum is rarer, denser, and purer than gold. Platinum rings cost more than gold rings because they use more platinum.

Can I sell my platinum wedding band?

Sell your platinum to a jewelry buyer like Southwest Jewelry Buyers for the highest profit. The best way to sell your platinum ring is to work with a jewelry buyer. That’s what they do! They’ll pay top dollar. You can expect this at Southwest Jewelry Buyers. We know the platinum market, so we can value your ring. This means you get what you’re worth. Call 773-8004 to book an appointment. We meet six days a week.

How to sell an old platinum ring?

You can sell your platinum ring or other jewelry. Which buyer? It can be hard to choose. The most popular options are auctions, pawnshops, and private buyers. Sell your platinum to a private buyer to make the most money and avoid scams. If you want to sell your platinum ring, a private buyer is the best and safest option. They’ll likely give you the best price. Regardless of what you choose, make sure you sell to a buyer you can trust. With so many “we buy platinum” stores, it’s hard to know who to trust. Read reviews and speak with the buyers. If you don’t feel comfortable, go elsewhere. There are lots of buyers looking to buy platinum rings. Now that you know where to sell platinum, you probably want to know how. Learn about your platinum and the selling process. Find out what platinum usually sells for. The more you know, the more you’ll make. Knowing what you’re doing will protect you from unscrupulous buyers. The second step is to take your platinum to an expert appraiser who will determine its true value and what it will sell for. If you have questions, an appraiser will answer. Once your items are appraised, a buyer will help you sell them. Do your research before selling your platinum ring. Selling platinum is tricky because it’s hard to find a reliable buyer. The appraisal is simple and your valuables won’t be damaged. The appraiser will test, weigh, and inspect your platinum. Weighing platinum is important because it helps distinguish it from other similar metals. Palladium looks like platinum but weighs less. An appraiser who knows what they’re doing can tell the difference. Your platinum will also be tested for purity and any damage. The price you get for your platinum depends on what the appraiser finds.

How to sell a platinum ring?

You can sell your platinum ring or other jewelry. Which buyer? It can be hard to choose. The most popular options are auctions, pawnshops, and private buyers. Sell your platinum to a private buyer to make the most money and avoid scams. If you want to sell your platinum ring, a private buyer is the best and safest option. They’ll likely give you the best price. Regardless of what you choose, make sure you sell to a buyer you can trust. With so many “we buy platinum” stores, it’s hard to know who to trust. Read reviews and speak with the buyers. If you don’t feel comfortable, go elsewhere. There are lots of buyers looking to buy platinum rings. Now that you know where to sell platinum, you probably want to know how. Learn about your platinum and the selling process. Find out what platinum usually sells for. The more you know, the more you’ll make. Knowing what you’re doing will protect you from unscrupulous buyers. The second step is to take your platinum to an expert appraiser who will determine its true value and what it will sell for. If you have questions, an appraiser will answer. Once your items are appraised, a buyer will help you sell them. Do your research before selling your platinum ring. Selling platinum is tricky because it’s hard to find a reliable buyer. The appraisal is simple and your valuables won’t be damaged. The appraiser will test, weigh, and inspect your platinum. Weighing platinum is important because it helps distinguish it from other similar metals. Palladium looks like platinum but weighs less. An appraiser who knows what they’re doing can tell the difference. Your platinum will also be tested for purity and any damage. The price you get for your platinum depends on what the appraiser finds.