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We Buy Platinum Rings, Necklaces and More

Many people think Cash4Gold is only interested in one metal: gold. But Cash4Gold urges you to send your unwanted silver and platinum pieces as well. To most people, it’s easy to understand why silver is valuable. But why platinum?

It’s often mistaken for silver. It’s a shiny, gray-white metal that, to the unfamiliar eye, might not betray the value that lies within. It’s used in everything from car parts to medications, but used in jewelry it has always been a symbol of wealth. It was first refined in the 18th century in Spain, and later declared the only precious metal for kings by Louis XV. Its name has become the standard against which excellence is judged; credit cards and music record sales are all premium, if they’re platinum.

Value of Platinum Jewelry

There are a lot of reasons why platinum is so valuable. First of all, it is extremely rare, and difficult to mine. Platinum is only found in .003 parts per billion in the Earth’s crust. This makes it about thirty times rarer than gold. Therefore, only a handful of viable mines for it exist on Earth. Right now, Russia, Canada and South Africa account for the majority of platinum production.

Unlike gold, platinum is not easily found by itself; the ore it comes from is a mix of many other metals. To extract pure platinum from the ore, several techniques can be employed. Platinum is heavier and denser than other metals, so it can often be extracted by sinking to the bottom in a tub of water. Platinum can also be chemically refined from other metals by using sulfuric or hydrochloric acids, which will burn off other impurities without harming the platinum. It also has a much higher melting point than a lot of the metals it is found with, so it will remain in a solid state while others melt or burn away. It’s not magnetic, so iron and nickel can be pulled away from it with the use of an electromagnet.

But aside from how rare it is, and how difficult it is to produce, why do we buy platinum? Why do we turn it into jewelry and wear it as a symbol, especially if it looks so much like silver, a much less rare and less valuable metal?

We buy platinum because it is a beautiful metal. Like silver, it will not discolor gemstones such as diamonds that are set into it, allowing the stones to speak for themselves. Like gold, it has a deep luster that drives the eye to it. But we also buy platinum because it has properties that silver and gold do not. Platinum will not tarnish, or bend and allow valuable gemstones to fall out over time, like silver. It is much harder and far more resistant to wear than gold, even in high percentage alloys. Most platinum jewelry is 90-95% platinum, whereas most gold jewelry is about 60% gold. Watchmakers use platinum for their high-end models because not only is the metal rare, but it takes well to long-term use by not wearing down.

Platinum is a good investment. Several countries, including the United States, Canada, China, and Russia, have minted bullion coins of platinum for collectors and investors. The integrity of the metal means that these pieces will be around for a long time. There is ample reason to invest in platinum, too: in a stable or growing economy, its price per ounce can be double that of gold.

There are even health and environmental benefits to platinum and platinum jewelry. Platinum is used in anti-cancer drugs to reduce tumor size. It’s used in pacemakers because of its strength and durability in a situation where failing parts have grave consequences, and repairs are complicated. It also doesn’t react to oxygen in the blood. Platinum is one of the central catalysts in catalytic converters in cars, used to force engine emissions to convert from more harmful chemicals to carbon dioxide, nitrogen, oxygen and water.

Platinum makes an excellent choice for jewelry because it’s hypoallergenic. One in seven people are likely to experience a nickel allergy, and most gold and silver jewelry is likely to have some nickel in them as part of an alloy. Because platinum can be used in such a pure state, it is not alloyed with nickel and will not cause a reaction. It can also be drawn out into very fine wire without losing tensile strength, which allows platinum jewelry to be more elaborate and of more delicate design than that possible with other, softer metals.

It has shown itself as such a versatile metal that there is no doubt of its value. That’s why Cash4Gold will buy your unwanted platinum, as well as gold and silver. It can be melted down and used for any myriad of other things. Your unwanted platinum could even go on to save a life, or help the environment. Remember, too, that by sending your unwanted platinum pieces to Cash4Gold, you are not only cashing in on something valuable, but you also receive Cash4Gold’s relentless commitment to customer service, round-the-clock everyday availability, and commitment to educate you, the consumer, on not only the worth and value of your pieces, but on the metals that shape our lives.

So if there’s a ring or bracelet sitting in a jewelry box somewhere that looks like silver but has a crisper white color to it, and that you don’t wear anymore, send it in to Cash4Gold and find out how it can work for you by putting some money in your pocket.

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