Platinum Scrap Calculator

The Calculator can also help you estimate the amount of bullion products—including fine gold grain, privately minted rounds, and sovereign gold and silver products—that you can acquire via scrap-metal exchanges or direct purchases.  

To use the scrap platinum calculator, follow these steps:

Step 1) Enter Platinum Price: At the top of the calculator, find the field labeled “Platinum Price Today.” Enter the current market price for platinum here, if it’s not already filled.

Step 2) Select Measurement Unit: Choose your preferred unit of measurement (grams, dwt, or troy oz) from the dropdown next to "Measurement."

Step 3) Enter Quantity: In the left-hand column, input the amount of platinum you have for each purity level (e.g., .90, .95, Fine) in the fields corresponding to each type.

Step 4) View Your Platinum Prices: The calculator will automatically show results in the “Dealer’s Buying Guide” on the right side, including:

• Total Weight: The combined weight of all platinum entered.

• Estimated Fine Platinum Content: The pure platinum content based on the entered purity.

• Estimated Payable Platinum Content: The platinum content after refining deductions.

• Estimated Payable $ per Unit: The value per unit, based on your entries.

Step 5) Set Target Profitability: Adjust the “Target Profitability” slider to set your desired profitability on a retail purchase. The calculator will update the suggested target purchase price accordingly. Results include:

• Total Estimated Settlement: Displays the total settlement value at the bottom.

• Price Breakdown: Shows the price per dwt, gram, and troy ounce on the right.

• Target Purchase Price: Reflects the amount you'd likely pay for the platinum-based on your chosen profit margin.

Estimated Profit: Provides an estimated profit based on your inputs and selected profitability target