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

Platinum is a lustrous silvery-white luxury precious metal that comes with a high value. Because of its exquisite elegance and superior durability, it is considered one of the most luxurious precious metals today. Platinum’s rich and white luster will never fade or tarnish, unlike other white metals that can yellow or tarnish over time. It is also corrosion and discoloration-resistant due to the chlorine and other chemicals that are found in it. These characteristics only attest that when you sell platinum ring to a reputable buyer, you will surely get the best platinum ring value or price! Among all other buyers in Nevada, the best place to sell platinum ring is none other than Nevada Coin Mart! 

Sell Platinum Ring

Rings are one of the most popular applications for platinum. Its strength and white luster make it an excellent choice for a ring, whether as a setting for diamonds and gemstones or as the ring’s main feature. Because of the element’s long-lasting properties caused by its weight and density, platinum rings are considered a wise investment. Also, the precious stones in the platinum ring are held in place by this non-corrosive metal. 

Platinum Ring Price

The price of platinum rings directly correlates with the spot price of platinum in the market. This spot price dictates the majority of a platinum ring’s value. Certain buyers take other factors into consideration when determining a price. However, the spot price of platinum has the highest influence when it comes to determining a base price for platinum rings. That said, it is important to check out the spot price of platinum once you decide to sell a platinum ring. You can keep yourself updated with the spot price of platinum through this link:

Value of Platinum Ring

The extent of maintenance and care you are willing to provide determines the best platinum ring price or worth. Platinum is a very low-maintenance metal, making it a great choice for some despite the initial price difference. A variety of factors influences the value of your platinum ring. So, if you want to sell platinum rings, you should consider the following: 

Purity. The amount of actual platinum in your platinum ring is referred to as purity. If the percentage of platinum in your jewelry increases, the value of a platinum ring rises. Look for a marking on the piece to determine the purity of a platinum ring. Symbols on your platinum ring will represent the numbers 850, 900, 950, or 999. These are called hallmarks, and they signify platinum’s purity. The platinum is purer if the amount is higher.

In addition to these numbers, check for the letters PLAT or PT to ensure your platinum isn’t silver or white gold. A house-shaped marking on the metal may also indicate the authenticity of your platinum ring.

Weight. Another important consideration is weight, mainly because manufacturers sell platinum by the ounce. It’s easy to figure out how much platinum you have. To get started, all you’ll need is a scale that can measure down to the tenth of a gram.

Spot price. Platinum is available for purchase on the open market, which means that supply and demand and other market factors affect the price of a platinum ring. Since it is bought and sold around the clock, seven days a week, the price fluctuates.

The Best Place to Sell Platinum Ring

Do you want to sell platinum rings? If so, you can bring them to Nevada Coin Mart, home to expert buyers who are knowledgeable on the true value of platinum rings. If you have been hanging on to your platinum jewelry for a few years, now is the time to carry it in and sell it for top dollar at our shop. Platinum rings are available in a variety of types and designs, and we buy them all. We use an x-ray spectrometer, a modern piece of gemology technology, in testing jewelry pieces in a non-destructive manner.

Where to Sell Your Platinum Ring

As the leading buyer in the area, we exert extra effort in making our service available as much as possible. For this, we keep our store open 365 days a year, from 9 AM to 6 PM, making us the best place in Las Vegas where you can sell platinum rings. Visit us at 4065 S. Jones Blvd, Las Vegas, NV 89103 to get a free quote for your items. You can also call us up at  702-998-4000 to talk to our experts today. 

Brief History

Julius Caesar Scaliger, an Italian-French physician, discovered platinum in 1557. Then, in 1590, Spanish conquistadors found this white metal in the Ecuadorian rivers. People knew its as Platina, or little silver because it was thought to be thrown back into the river to ripen into silver.

In 1912, white gold was “invented” in Pforzheim, Germany, as a platinum alternative. The world eventually called platinum the seventh element in 1751. This was after platinum attracted the attention of a Swedish chemist named Scheffer. According to historical documents, he was the first person to melt platinum successfully.

While ancient Egyptians were the first to use this white metal in jewelry, platinum did not become widely known until around a century ago. Furthermore, despite extensive testing with the assistance of some South American Indians over 1000 years ago, news of new white metal with peculiar properties did not reach Europe until the fifteenth and sixteenth centuries, particularly after the Spanish conquest of the New World. When you decide to sell a platinum ring, you can present these pieces of information to your buyer to make yourself seem knowledgeable on the topic. This way, you can put off any swindlers that plan to intimidate you and give you awful deals.

Platinum for Royalty

Later on, Louis XVI declared platinum as the only metal suitable for royalty. He claimed that only its unique properties suit noble families and the throne. Since then, Kings, Queens, and Czars in late-nineteenth-century Europe and Russia have been adorning themselves with all platinum. The popularity of platinum then spread to the United States in the early 1900s, enthralling the American public. However, during World War II, the US government designated platinum as a strategic metal, prohibiting its use in jewelry. As a result, platinum was almost extinct by the end of World War II.