Sell Platinum Jewelry to the Best Buyer in Las Vegas & Henderson, NV

Overview

Platinum is one of the most valuable and long-lasting precious metals. Platinum’s rich and white luster will never fade or tarnish, unlike other white metals that can yellow or tarnish over time. It is a part of the noble and precious metals family. Its chlorine and other chemical contents make it resistant to corrosion and discoloration.

Platinum has become increasingly popular in jewelry-making due to its strength and white luster, whether as a setting for diamonds and gemstones or as an item’s main feature. Platinum jewelry is deemed a smart investment for its long-lasting characteristic caused by the element’s weight and density. This metal is a non-corrosive element that keeps precious stones tightly in place. 

However, platinum, like all precious metals, scratches. But on a platinum item, a scratch is simply a displacement of the metal; no volume is lost. Platinum has another incredible attribute, flexibility, in addition to its strength and density.

Platinum represents purity, rarity, power, and true love. Its durability and long-lasting characteristics make it comparable to the idea of everlasting love. Today, this notion has resulted in the wearing of platinum engagement rings, wedding bands, and anniversary rings as a global representation of love’s eternal endurance. 

Brief History

In 1557, Julius Caesar Scaliger, an Italian-French physician, discovered platinum. Then, in 1590, Spanish conquistadors found a white metal in Ecuador’s rivers. They named it Platina or little silver and threw it back into the river to ripen into silver. A few centuries later, around 1912, white gold was invented in Pforzheim, Germany, as a substitute for platinum. These characteristics piqued the attention of a Swedish chemist called Scheffer, who described platinum as the seventh element known to exist in 1751. He was also the first to melt platinum successfully.

This white metal was first used in jewelry by the ancient Egyptians, but common knowledge dates back only a hundred years before. Despite undergoing several experiments with some South American Indians’ expertise over 1000 years ago, news of new white metal with peculiar properties did not reach Europe until after the conquest of the Spaniards of the New World in the fifteenth and sixteenth centuries. Since he was so persuaded of its unique qualities, Louis XVI of France declared platinum to be the only metal suitable for royalty.

Platinum’s influence spread to the United States in the early 1900s, enthralling the American public. However, the US government declared platinum a strategic metal at World War II, prohibiting its use in jewelry. Platinum had briefly become a forgotten art by the end of the war.

Value of Platinum Jewelry

The value of platinum jewelry is based on several factors, which include the following:

Purity. The amount of actual platinum in your jewelry or object is known as purity. The rest is made up of an alloy that is blended with platinum. The higher the percentage of platinum in your jewelry, the higher the value of your platinum item becomes.

The purity of platinum jewelry is determined by looking for a marking on the item. 850, 900, 950, or 999 will be the symbols on your platinum piece. These are known as hallmarks, and they reflect the platinum’s purity. Your platinum is purer if the amount is higher. 

In addition to these numbers, check for the letters PLAT or PT on your platinum to ensure it is not silver or white gold. Another potential indication that your platinum is legit is a house-shaped marking on the metal. 

Weight. Since platinum is sold by the ounce, the weight factor comes into play. 

Spot price. Platinum is available for purchase on the open market, meaning that the cost of platinum is affected by its supply, demand, and other market-related events. It is purchased and sold 24 hours a day, seven days a week, so the price constantly changes.

Best Buyer of Platinum Jewelry

Nevada Coin Mart is the best buyer of platinum jewelry in any condition from any manufacturer. So, if you have platinum jewelry that you have been holding onto for a few years, now is the time to bring them to our store and sell it for top dollar. 

We purchase platinum jewelry in a variety of designs and forms. You can reach us at 702-998-4000 or visit us at 4065 S. Jones Blvd, Las Vegas, NV 89103. We are open from 9 AM to 6 PM every day of the year. We promise that you will get the most outstanding customer service we are known for. So, instead of wasting time, don’t sit on your platinum jewelry. Sell them now to Nevada Coin Mart. 

References:

https://www.brilliance.com/education/metals/platinum

https://www.jewelers.org/education/jewelry-metals/platinum-jewelry-guide

https://www.mygemologist.com/learn/jewelry-metals/platinum/

https://investingnews.com/daily/resource-investing/precious-metals-investing/platinum-investing/platinum-uses/