closed Scrap Platinum coin

[Elements]

Hi,

After low premium platinum fractional coin(s), scrap condition is fine. Wanting to melt down for jewellery. Anyone want to sell at or around spot price?

Cheapest I can find is around £680/oz from europeanmint

 

[ilovesilverireallydo]

You would be lucky to get any in scrap matey. Best to call a few scrap dealers to see if they have any scrap rings etc, particularly jewellery Quarter 

[Elements]

Yes true, I’d take none scrap too at lower than European mint prices! Looking at the chart it might actually be a good time to begin slow accumulation of platinum so I may buy some from there if no sellers. I can’t really find any dealers that buy platinum though. Baird offer £532 I think, that’s a fair bit below spot so what do you do if you want to sell in the future? Offer it here I suppose?! I’d give more than £532!

[ilovesilverireallydo]

20 minutes ago, Elements said:

Yes true, I’d take none scrap too at lower than European mint prices! Looking at the chart it might actually be a good time to begin slow accumulation of platinum so I may buy some from there if no sellers. I can’t really find any dealers that buy platinum though. Baird offer £532 I think, that’s a fair bit below spot so what do you do if you want to sell in the future? Offer it here I suppose?! I’d give more than £532!

HGM buy it, you have to call them. I have a couple of Birmingham contacts who’ll pay 97% spot price so can always hook you up  

[Elements]

Oh great good to know thanks

5 minutes ago, ilovesilverireallydo said:

HGM buy it, you have to call them. I have a couple of Birmingham contacts who’ll pay 97% spot price so can always hook you up  

 

[Pete]

I don’t know why platinum isn’t priced with similar bid/offer spreads to gold as not so long ago it was more valuable than gold.

[999Ag]

19 minutes ago, Pete said:

I don’t know why platinum isn’t priced with similar bid/offer spreads to gold as not so long ago it was more valuable than gold.

There’s currently a large surplus of Plt in the market hence the price will continue to stay surpressed.

What’s interesting to note is that there has also been a pull away from plt jewellery manufacturer in China as the trend for plt jewellery cools.

 

[goluckystayhappy]

What it strange, given the price difference between gold and platinum is that the platinum version of say an engagement ring is often 10% more than the 18ct gold version.

[jonrms]

Platinum in my view over the next 10 years will past gold. With technology requiring a more user friendly metal, but reliable.  It will hold up. 

Just my 2 pence worth.