Table of Contents
- Why Sell Your Platinum Bullion?
- What We Buy
- How to Determine Your Platinum Bullion’s Value
- Platinum Purity Marks and Their Meanings
- Platinum Item Condition Grading Scale
- Preparing Your Platinum Bullion for Sale
- Selling Platinum FAQs
- How much is platinum selling for?
- What types of platinum items does GoldTrust purchase?
- How do you determine the value of my platinum?
- Can I sell platinum that’s part of a piece with gemstones?
- How can I get my platinum items appraised by GoldTrust?
Welcome to GoldTrust, where your platinum finds a new lease on life. In the heart of South Africa, we pride ourselves on offering a seamless and fair process for those looking to sell their platinum bullion.
Why Sell Your Platinum Bullion?
Now might just be the perfect time to consider selling your platinum. With the market constantly evolving, your platinum items may hold more value than you realise. Selling to GoldTrust not only frees up some space in your home but also turns your unused platinum into cash. It’s a smart move, whether you’re decluttering or looking for extra income.
What We Buy
| Category | Examples We Accept | Minimum Purity | Notes |
|---|---|---|---|
| Platinum Bars | 1 oz, 50 g, 100 g, 1 kg | 99.5% (.995) | Any LBMA-accredited or recognised refiner (e.g., PAMP, Valcambi, Heraeus, Rand Refinery). |
| Platinum Coins | Krugerrand Platinum 1 oz, American Platinum Eagle, Canadian Platinum Maple Leaf, Britannia, Vienna Philharmonic, Australian Platypus, etc. | 99.5% (.995) | Uncirculated, proof, or circulated bullion coins accepted. |
We do not purchase platinum jewellery, platinum-plated items, catalytic converters, or industrial platinum scrap.
How to Determine Your Platinum Bullion’s Value
- Verify purity: X-ray fluorescence (XRF) confirms .995 or .9995 fineness.
- Confirm weight: Precision scales measure to 0.01 g.
- Brand and condition check: Sealed or assay-carded bars and pristine coins may achieve a small premium; heavily scratched or damaged pieces trade at melt value.
Platinum Purity Marks and Their Meanings
This table decodes the hallmarks found on platinum items, helping you understand the platinum content and purity of your pieces. By familiarising yourself with these marks, you can better assess the value of your platinum before selling.
| Purity Mark | Platinum Content | Meaning |
|---|---|---|
| 999.5 | 99.95% | Fine Platinum (Investment Grade) |
| 999 | 99.9% | Fine Platinum |
| 995 | 99.5% | Standard Bullion Grade |
| 950 | 95.0% | Common Jewellery Grade |
| 900 | 90.0% | Coin Grade Platinum |
| 850 | 85.0% | Lower Jewellery Grade |
Platinum Item Condition Grading Scale
The condition of your platinum items significantly impacts their value. This grading scale offers a clear framework for assessing the condition of your platinum, from mint to poor, allowing you to gauge potential valuation more accurately.
| Condition Grade | Description |
|---|---|
| Mint | Perfect condition, like new |
| Excellent | Minor wear, no significant damage |
| Good | Visible wear, minor damages |
| Fair | Significant wear, visible damages |
| Poor | Heavy damage, may require restoration |
Preparing Your Platinum Bullion for Sale
- Keep bars in their original assay cards or sealed plastic if possible.
- For coins, bring them in tubes, capsules, or sleeves to avoid scratching.
- Have your ID, proof of residence (three months or newer), and bank details ready to speed up payment.
Selling Platinum FAQs
How much is platinum selling for?
The price of platinum varies due to market conditions, including supply and demand factors, geopolitical stability, and economic indicators. At GoldTrust, we ensure our clients receive competitive offers based on the most current market valuations. For the latest platinum prices and a personalized quote for your items, please contact us directly.
What types of platinum items does GoldTrust purchase?
GoldTrust buys a wide range of platinum items, including jewelry, coins, bars, and industrial scrap. Whether you have a platinum ring, necklace, or any other form of platinum, our experts are ready to provide you with a fair valuation.
How do you determine the value of my platinum?
Our valuation process considers several factors, including the weight, purity (measured in parts per thousand), condition, and current market prices of platinum. Our expert appraisers use state-of-the-art tools to assess the value of your platinum items accurately.
Can I sell platinum that’s part of a piece with gemstones?
Yes, you can. GoldTrust evaluates both the platinum and any gemstones in your piece. Our gemologists will appraise the value of the gemstones, while our metal experts assess the platinum, ensuring you receive a comprehensive valuation.
How can I get my platinum items appraised by GoldTrust?
Getting your platinum items appraised by GoldTrust is easy. Simply contact us to schedule an appointment. Our friendly staff will guide you through the process, ensuring a comfortable and secure experience from start to finish.
