The value of your precious metals is determined by:
The spot price of platinum or gold
This is the price pure platinum or gold is trading at per ounce on the open market.
The purity of your platinum or gold
This is the purity of your gold . 24 Karat is considered pure or 99.9% gold. Platinum comes in a large variety of purity's depending on what industry and item it is used in. We use three different methods to accurately and safely determine the purity of each item you send in or any other precious metal for processing.
The weight of your gold or platinum
In order to find out the value of your gold or platinum items they must be weighed. The more it weighs the more valuable it is. We use the most accurate scales to determine the weight in penny weights (DWT) which is the industry standard. There are 20 DWT in a troy ounce of gold or platinum. 1.55 grams in 1 DWT (penny weight)
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