Platinum Melt Value Calculator

Platinum Spot Price

$

Spot price retrieved —

Platinum Purity

Weight

1 troy ounce = 31.1035 grams.

Weight Unit

1 pennyweight = 1.55517 grams.

Estimated Melt Value

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$ —

Melt value is the estimated value of the precious metal content.

Transaction Price

$

Enter a price, or let PreciousCalc calculate it.

Percentage of Melt

%

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Enter either the transaction price or percentage of melt. PreciousCalc will calculate the other.

Transaction Comparison

Difference from Melt Value (%)—

Difference from Melt Value ($)—

This comparison does not indicate whether a transaction price is fair or recommended.

How is the melt value calculated?

Melt value is estimated from weight × platinum purity × current platinum spot price. Platinum spot price is quoted per troy ounce, while platinum items may be weighed in grams. One troy ounce contains 31.1035 grams.

Before you sell

A calculated number is useful, but the person you sell to matters too. Find a credible buyer with a reputation for fairness and honesty. You can't make a good deal with a bad person.

Get more than one offer, ask how the offer was calculated, and remember that jewelry can have value beyond its platinum content.

Can platinum items be worth more than melt value?

Sometimes. Craftsmanship, gemstones, brand, rarity, provenance and historical significance can make a piece worth more than its scrap value. Recovered sunken treasure and historically significant pieces can be especially valuable. PreciousCalc estimates platinum melt value; it does not appraise jewelry, gemstones, antiques or historical artifacts.

Important: PreciousCalc provides estimates and educational information for informational purposes only. This information does not constitute financial or investment advice. PreciousCalc.com does not recommend whether or when you should buy, sell, or hold precious metals. Market prices change, and actual offers vary by buyer, transaction, item condition and other factors. PreciousCalc is not an appraiser, dealer or financial advisor, and an estimate is not a guarantee of value or selling price.