Do you own platinum jewelry that you seldom use? Sell Your Platinum to Southwest Jewelry Buyers. As a rare and precious metal, platinum is extremely valuable. Plus, it’s always in demand—so you’ll always make a profit.
Yet, you might also wonder What Platinum Is Used For and why it’s so desirable to begin with.
Here’s how this stunning metal is utilized:
Platinum is often associated with jewelry, and for a good reason. Thanks to its durability and strength, platinum is an ideal choice for fine jewelry. The metal is also resistant to tarnishing and scratching, so it will look good for years to come.
There’s no doubt that platinum jewelry is highly coveted.
However, you might be surprised to learn that most platinum isn’t used in fine jewelry. That title goes to…
The automobile industry is the leading user of platinum. It’s primarily used to make catalytic converters, which are devices that convert toxic pollutants in exhaust gas into less harmful substances. Catalytic converters rely on a series of chemical reactions to make this happen.
That’s where platinum comes in; it has certain properties that speed up the chemical reactions. There’s approximately three to seven grams of platinum in one catalytic converter.
The device that you’re using to read this article likely contains some platinum. Specifically, it’s often used in parts like hard drives, circuit boards, and sensors.
Here’s why: Platinum is an excellent conductor of electricity. This means it allows electrical currents to flow with ease. It’s also very durable and resistant to high temperatures.
There’s also platinum in liquid crystal display (LCD) screens, including the one that you’re currently looking at. You can find LCD screens in a wide range of devices, including televisions, calculators, digital watches, computers, and smartphones.
You might be surprised to learn that platinum is used in the healthcare industry. Common uses include dental implants, catheters, and neuromodulation devices that treat chronic neurological diseases. Cardiac implants, like pacemakers and stents, also contain some platinum.
Platinum is more than a beautiful precious metal. It’s a practical, valuable material that’s used in a variety of industries. In addition to the uses above, it’s also utilized in laboratory equipment, strong magnets, and aircraft engines.
Ultimately, Selling Your Platinum is one of the best financial decisions you can make. When you’re ready to part ways with your platinum, come see us in Scottsdale Airpark. Our jewelry appraisers understand the current platinum market, so you can expect a competitive offer for your pieces.