What is Platinum?
Platinum is a precious metal used in many applications, from jewelry to electronics and catalytic converters. It is one of the most valuable precious metals in the world and, because of its use in multiple spaces, has always been a coveted item to recycle.
Where to Find Scrap Platinum?
You generally will not find Platinum sitting on the side of the road as it is not that common and is worth a lot of money. If, for some reason, you have found it sitting on the side of the road, we would love to hear the story so we can learn about that awesome day that we are sure you had. However, catalytic converters are the most common place to find platinum in the scrap metal world.
Platinum and two other precious metals called rhodium and palladium are the three metals that generally make up the insides of the catalytic converters to help exhausts cut down on emissions. You cannot melt these down on your own and sell the Platinum or the other precious metals to your local scrap yard, as you can only sell the catalytic converter to your scrap yard and cash that in.
How to Extract Platinum?
Unfortunately, you will be disappointed if you’re trying to make a few extra dollars by selling platinum by itself. It is a tough material to pull and refine from Catalytic Converters. You can also find Platinum in certain electronics, but again, you are not going to see it in a pure form; you’re going to have to find something that it is a part of.
How to Find a Platinum Buyer
People have asked us in the past if pawn shops would buy their catalytic converters for platinum or their electronics, and that is rarely the case. Most pawnshops only want jewelry or tangible items, not items based on potential recovery. The best bet will be to continue selling to reputable companies you have dealt with, like RRCats.com, for catalytic converters and other solid e-scrap yards.
