What Is Platinum?

August 2, 2019 By swj-eric

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When it comes to precious metals, it’s easy to confuse platinum with white gold or silver. 

That’s because platinum has a silvery-white color similar to other materials. In fact, to the naked eye, all three metals might look identical!

But if you want to Sell Platinum pieces, you might wonder what platinum is and why it’s so special. Read on to learn about this rare and stunning metal.

What Are The Physical Properties Of Platinum?

Aside from its grayish, silvery-white color (one might say it has a bluish tint), platinum is an extremely heavy precious metal. 

It’s harder than gold and silver, and can withstand high temperatures and corrosion. Because of this, platinum is an excellent choice for jewelry, as it’s suitable for everyday wear and tear.

Additionally, platinum is hypoallergenic. People with sensitive skin are less likely to have problems when wearing this beautiful metal.

Bonus fact: 

The name “platinum” comes from the term platino, which means “little silver” in Spanish.

Where Is Platinum Found?

There are only a few places in the world where platinum is available. It’s most abundant in South Africa, but it can also be found in:

  • Zimbabwe
  • Russia
  • Ireland
  • Finland
  • Borneo
  • New South Wales
  • New Zealand
  • Peru
  • Brazil
  • Madagascar

In North America, platinum is usually mined in Montana, California, Alaska, Oregon, British Columbia, and Alberta. Often, it’s found as a byproduct of nickel mining.

(The Moon and meteorites are rich in platinum, too!)

So, Is Platinum Rare?

Short answer: Yes. Platinum is extremely rare! 

In fact, to put things into perspective, roughly 15 times more gold and 150 times more silver is mined on average.

So, don’t hesitate to Sell Platinum Jewelry. This rare metal will always be a hot commodity.

Is Platinum Expensive?

Due to its rarity and durability, platinum comes with a hefty price tag.

As of 2018, one ounce was valued at $833.00. And while the market is always changing, it’s safe to expect platinum to have a premium price.

Sell Your Platinum At Southwest Jewelry Buyers

Now that you know what platinum is, you can see why it’s so valuable — and why it’s wise to Sell Your Platinum.

To begin the process, visit us at Southwest Jewelry Buyers. Our team of experienced jewelry buyers in Arizona can examine and appraise your platinum pieces. Plus, since we’re knowledgeable of the current platinum market, we will always offer fair and competitive prices.

Conveniently located in Scottsdale Park, we are available six days a week for convenience. When you’re ready to Schedule An Appointment, give us a call at (480) 773-8004.