- 24/7 Call Us | 212-642-4345
- Buyersofnewyork@Gmail.Com
- 30 W. 47th St. Suite 8006, New York, NY 10036 - Elevator to 8th Fl.
- Call or Book Appointment
● Diamond District, NYC · Est. 30+ YearsSell Platinum in NYC.
Sell Platinum in NYC.
Top Dollar. Same Day.
Jewelry| Coins| Bars| Scrap| Watches| Estate| & More
▲ Live Platinum Spot Price
Loading... USD / troy oz
Live Rates
Platinum Payout Rates
Calculated live from today’s platinum spot price. Per troy ounce. Higher volumes receive better rates.
| Item Type | 0–10 oz | 10–50 oz | 50+ oz |
|---|---|---|---|
| Platinum Bars | — | — | — |
| Platinum Coins | — | — | — |
| Platinum Jewelry | — | — | — |
| Scrap Platinum | — | — | — |
| Platinum Watches | — | — | — |
Live market pricing · Per troy oz · Final payout confirmed after in-person testing · Higher volumes = better rates · Call 212-642-4345
About Platinum
What Makes Platinum So Valuable?
Platinum is one of the rarest and most valuable precious metals on Earth. It is approximately 30 times rarer than gold, and nearly all of the world’s platinum supply comes from just two countries — South Africa (roughly 75%) and Russia (roughly 15%). This extreme scarcity underpins platinum’s enduring value.
Platinum belongs to the platinum group metals (PGMs) alongside palladium, rhodium, iridium, osmium, and ruthenium. It is prized for its density, corrosion resistance, and brilliant white luster that never fades or tarnishes. In jewelry, platinum is considered the premium choice — a mark of quality that gold and silver cannot match.
Beyond jewelry, platinum is critical in automotive catalytic converters (especially for diesel vehicles), medical devices, laboratory equipment, and high-technology electronics. This industrial demand, combined with limited supply, makes platinum holdings genuinely valuable — and now is an excellent time to sell.
Get a Free Offer
What We Buy
Every Type of Platinum. Any Condition.
Broken, unused, inherited, or industrial — if it contains platinum, we want it.
Platinum rings
Platinum chains
Platinum bracelets
Platinum earrings
Platinum bars
Platinum coins
Platinum bullion
Scrap platinum
Broken jewelry
Platinum watches
Rolex platinum
Patek platinum
Estate platinum
Inherited pieces
Dental platinum
Industrial scrap
Purity Guide
Platinum Purity Levels We Buy
Higher purity = more platinum per gram = higher payout. We buy all purity levels.
| Marking | Purity | Common Use | Value |
|---|---|---|---|
| PT 500 | 50.0% | Some European jewelry | Good |
| PT 850 | 85.0% | Japanese jewelry standard | Better |
| PT 900 | 90.0% | Fine jewelry, watch cases | High |
| PT 950 | 95.0% | Premium jewelry, US standard | Very High |
| PT 999 | 99.9% | Bullion bars & coins | Top |
Why Sell With Us
NYC’s Most Trusted Platinum Buyer
At Buyers of New York, we have been buying platinum group metals for over 30 years in the Diamond District. Our team understands the platinum market at a technical level — we monitor live PGM spot prices, track supply-demand dynamics, and price every purchase against today’s actual market rate.
We test platinum using XRF (X-ray fluorescence) analysis — a non-destructive method that gives a precise reading of platinum content in seconds. Combined with DCA-certified calibrated scales, the entire testing and weighing process happens in front of you. No backroom, no mystery.
Because we refine platinum in-house, there is no middleman refiner taking a percentage of your payout. That savings goes directly to you in the form of a higher offer. It’s why clients consistently return to us and refer their friends and family.
Get Your Platinum OfferThe Process
Sell Platinum in 4 Simple Steps
In and out in under 10 minutes. No appointment needed for standard items.
1
Walk In
30 W. 47th St., 8th Floor. Mon–Fri, 10am–6pm. No appointment needed.
2
XRF Testing
Non-destructive X-ray fluorescence analysis confirms platinum purity precisely, done in front of you.
3
Live Spot Offer
Your offer is calculated against the current platinum spot price. No lowballs, no hidden deductions.
4
Cash in Hand
Accept and receive cash immediately — same day, no waiting, no checks, no wire transfer delays.
Why Buyers of New York
The Platinum Experts in NYC
In-House Refining
We refine platinum ourselves — no middleman, no refining deductions. That means more money directly in your pocket.
XRF Purity Testing
X-ray fluorescence gives an exact purity reading in seconds, non-destructively. You see the result before any offer is made.
Live Market Pricing
Platinum spot prices fluctuate daily. We update our buying rates continuously so your offer reflects today’s actual market value.
30+ Years PGM Experience
Three decades buying platinum, palladium, and rhodium in the Diamond District. We know what PGMs are worth.
Same-Day Cash
Most platinum transactions complete in under 10 minutes. Walk in, get tested, get paid. Cash before you leave.
Private & Discreet
Large lots, estate collections, and sensitive transactions handled professionally and confidentially.
GIA Certified NYSA Member JVC Member XRF Testing In-House Refining Licensed & Bonded 30+ Years PGM Experience
★★★★★
“I had a platinum engagement ring and a loose platinum setting I no longer needed. They tested both in front of me with professional equipment, explained exactly how the price was calculated, and paid cash on the spot. Honest, fast, and better than any offer I got online.”
Verified Google Review · Diamond District, Manhattan
The Platinum Selling Guide
What You Need to Know Before Selling Platinum in NYC
Platinum is priced by the troy ounce on global commodity markets, primarily the London Platinum and Palladium Market (LPPM) and NYMEX futures exchange. Like gold and silver, the spot price fluctuates continuously based on supply, demand, and macroeconomic factors.
Is Platinum Worth More Than Gold?
Historically, platinum traded at a significant premium to gold — sometimes 2x or more — reflecting its greater rarity. In recent years, gold has outpaced platinum in price, creating an unusual situation where platinum is trading at a discount to gold. For sellers, this still represents strong cash value; for buyers, it represents a potential opportunity. Check the live spot price at the top of this page for today’s exact rate.
How Is Platinum Jewelry Valued?
Platinum jewelry is evaluated based on two factors: purity (marked as PT 950, PT 900, etc.) and weight in troy ounces or grams. A PT 950 piece contains 95% pure platinum. Our XRF testing confirms the exact purity, and our DCA-certified scales confirm the exact weight. Your offer is then calculated from the live spot price. No guesswork, no arbitrary in-house rates.
Platinum vs. White Gold: What’s the Difference?
White gold is yellow gold mixed with white metals (typically nickel, palladium, or zinc) and plated with rhodium. It is not platinum. Platinum jewelry is denser, heavier, and contains no gold. XRF testing immediately distinguishes the two. If you’re unsure what you have, bring it in — we’ll tell you at no charge.
What About Platinum Watches?
Several luxury watch manufacturers produce platinum-cased timepieces — Rolex, Patek Philippe, Audemars Piguet, and others. Platinum watch cases contain significant platinum content and can carry substantial value beyond the metal alone. If your watch is in working condition with box and papers, the collector premium may exceed the melt value. We assess both and offer accordingly.
Why Sell Locally vs. Online Mail-In Services?
Mail-in platinum buyers require you to ship valuable metal, wait for evaluation, and accept or reject an offer remotely — often with complicated return processes. We eliminate all of that risk. Walk in, get evaluated in front of you, accept or decline, and walk out with cash. No shipping, no waiting, no surprises.
FAQ
Common Questions About Selling Platinum
We use XRF (X-ray fluorescence) analysis — a non-destructive technique giving a precise purity reading in seconds. We also use calibrated DCA-certified scales for weight. You watch the entire process.
The live platinum spot price is displayed at the top of this page, updated from global commodity markets in real time. Our buying rates are calculated directly from today’s spot.
White gold is yellow gold alloyed with white metals and rhodium-plated. Platinum is a distinct metal — denser, heavier, and more valuable. XRF testing immediately identifies which you have. Bring it in and we’ll tell you at no charge.
Yes. Rolex, Patek Philippe, AP, and other luxury brands produce platinum-cased watches. We assess both the metal value and collector premium and offer accordingly.
Same day, usually within 10 minutes of walking in. Accept the offer and receive cash immediately. No waiting, no delays.
Absolutely. Broken settings, bent pieces, single earrings, scrap platinum from any source — condition does not affect the platinum content, and platinum content is what we pay for.
Walk-ins welcome Monday through Friday, 10am–6pm. For large lots or estate collections, calling ahead ensures a senior buyer is available when you arrive.
Visit Us
Midtown Manhattan — Diamond District
One block from Rockefeller Center. Walk-ins welcome Monday through Friday.
Buyers of New York
30 W. 47th Street, Suite 8006New York, NY 10036
Elevator to 8th Floor
Monday – Friday10:00 AM – 6:00 PM
SaturdayClosed
SundayClosed
☎ 212-642-4345Ready to Sell Your Platinum?
Free, no-obligation offer. Walk in or get a quote online. Cash paid same day.