Selling platinum works much like any other precious metal, such as gold or silver. A personal salesperson should understand a little bit about what's going on with the metal market in question before starting. Like gold or silver, platinum has an investment value and an industrial use mentioned above. According to The Economic Times, platinum, in general, has a low resale value, although investing in a Gold IRA can be a great way to diversify your portfolio. The main reason is that a relatively small number of people are willing to buy it.

This doesn't mean you can't find a reputable buyer, but you'll need to do some searching as you explore your options. In fact, platinum is rarer than gold. Whether this platinum scrap is converted into a few particles of platinum powder or entire fragments of platinum remaining from a decimated platinum ingot, weight (and purity) will influence the value of the platinum scrap. There are many reasons for this, including a relatively higher demand for gold and an apparent long-standing preference on the part of many for gold rather than platinum.

Platinum is generally brighter in color than white gold and doesn't tarnish like white gold does over time. Increase your chances of successfully selling your platinum and getting a fair price by working with a reputable precious metals company. However, it is not true to suggest that all people prefer gold to platinum, which is much rarer than gold and has been used in an increasing number of industrial applications since the 19th century. This is a question asked by those who think that platinum is not a liquid asset, but this couldn't be further from the truth.

Palladium is especially vulnerable; given that a recent contraction in supply caused its price to rise, analysts say that autocatalysts will increasingly replace it with platinum. Platinum is a natural and pure metal, while white gold gets its color through the artificial addition of silver or palladium. This is more likely to be something to consider if you want to sell a precious metal other than gold or silver, which brings us to platinum. While gold is often the favorite precious metal due to its incredible familiarity and its tacit value for industrial uses such as jewelry and artistic abilities, platinum is much rarer than gold.