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

Platinum is a silvery-white luxury precious metal that is well-regarded for its luster. It is considered one of the most luxurious precious metals because of its exquisite beauty and superior toughness. Unlike other white metals that can yellow or tarnish over time, platinum’s rich and white luster will never fade or tarnish. It belongs to the noble and precious metals group. Also, because of the chlorine and other chemicals in it, it is corrosion and discoloration-resistant.

One of the most popular uses of platinum is the creation of rings. Its strength and white luster make it ideal for a ring, whether as a setting for diamonds and gemstones or as the ring’s main feature. Platinum rings are considered a wise investment due to the element’s long-lasting properties caused by its density and weight. This non-corrosive metal is used to hold the precious stones in the platinum ring in place.

However, platinum, like all precious metals, scratches as well. For instance, a scratch on a platinum ring is simply a displacement of metal. Interestingly, a platinum ring is the epitome of true love, innocence, rarity, and power. It has qualities that are similar to the concept of real, eternal love. Additionally, engagement rings, wedding bands, and anniversary rings are worn worldwide to symbolize everlasting love.

Brief History

Platinum was discovered in 1557 by Julius Caesar Scaliger, an Italian-French physician. Spanish conquistadors also discovered this white metal in Ecuador’s rivers in 1590. They called it Platina or little silver, which was believed to be thrown back into the river to ripen into silver. 

As a platinum replacement, white gold was “invented” in Pforzheim, Germany, in 1912. The properties of this new invention drew the attention of a Swedish chemist named Scheffer, who named platinum the seventh element discovered in 1751. Based on historical records, he was the first to melt platinum successfully.

It is believed that the ancient Egyptians were the first to use this white metal in jewelry, but it was only a hundred years ago that platinum became widely known. Also, despite undergoing many experiments with the help of some South American Indians over 1000 years ago, news of new white metal with unusual properties did not reach Europe until the fifteenth and sixteenth centuries, after the Spanish conquest of the New World. 

Afterwards, Louis XVI of France proclaimed platinum to be the only metal appropriate for royalty because he was certain of its unique qualities. Since then, Kings, Queens, and Czars in Europe and Russia in the late 1800s have been adorning themselves with each and all platinum.

Then, in the early 1900s, platinum’s popularity spread to the United States, enthralling the American public. However, the United States government classified platinum as a strategic metal during World War II, banning its use in jewelry. As a result, platinum had almost been extinct by the end of the war.

Value of Platinum Ring

The value of a platinum ring is determined by the amount of maintenance and care you are willing to give it. Despite the initial price gap, platinum is a very low-maintenance metal, making it a better value for others. A number of factors influence the value of your platinum ring. These include the following:

Purity. Purity refers to the amount of real platinum in your platinum ring. The value of a platinum ring increases as the percentage of platinum in your jewelry increases. When determining the purity of a platinum ring, look for a marking on the piece. The symbols on your platinum ring will indicate the numbers 850, 900, 950, or 999. These are known as hallmarks, and they indicate the purity of the platinum. If the number is higher, the platinum is purer.

Likewise, to make sure your platinum is not silver or white gold, look for the letters PLAT or PT in addition to these numbers. A house-shaped marking on the metal may also be a sign that your platinum ring is genuine.

Weight. The weight factor is another major consideration, especially that platinum is sold by ounce. It is easy to calculate how much platinum you have. You will just need a scale that can measure down to the tenth of a gram in order to get going. 

Spot price. Platinum is available for purchase on the open market, which means that its price is influenced by supply, demand, and other market factors. The price fluctuates because it is bought and sold 24 hours a day, seven days a week.

Best Buyer of Platinum Ring

Nevada Coin Mart is the best buyer of platinum rings from any producer in any condition. So, if you have been holding onto your platinum jewelry for a few years, now is the time to bring it to our store and sell it for top dollar. We buy platinum rings in a range of styles and designs.

We measure jewelry items using a non-destructive method that requires a modern piece of gemology technology which is called the x-ray spectrometer. 

We can be reached at 702-998-4000 or visited at 4065 S. Jones Blvd, Las Vegas, NV 89103. We are open from 9 AM to 6 PM every day of the year. Our staff strives to give you the outstanding customer service we are known for. So, come to our store now and stop wasting time sitting on your platinum rings. Sell them now to Nevada Coin Mart! 

References:

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

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