The best places to sell platinum for the highest net price are licensed bullion dealers and online precious-metals buyers for bullion and coins, specialized jewelry buyers or consignment/marketplace platforms for jewelry, and certified refineries or accredited brokerages for large or industrial lots; compare multiple offers, check spot price and fees, and choose the buyer whose net payout (price minus commissions, assay fees, shipping, and taxes) is highest for your item type[4][5][2].
Why different buyers pay different amounts
– Bullion dealers and vault services quote prices close to spot for certified bars and coins because they can resell them into the market with minimal processing; many advertise buyback programs or live bid prices for common platinum products[4][5][7].
– Jewelry and mixed-metal scrap usually receives lower per-ounce prices because buyers must assay, refine, and separate alloys and because labor and design value can be lost in melting; consignment or marketplaces can capture more of the retail value for intact designer pieces[2][3].
– Pawn shops and cash-for-gold stores offer immediate cash but typically pay the least after taking wide dealer margins and paying for on-site overhead[2].
How to get the best price — step by step
– Identify what you have (coin, certified bar, jewelry, scrap) and any documentation or assay marks that prove purity and weight; certified bullion (LBMA/Good Delivery or serialized bars and proof coins) usually fetches the best market price[4][3].
– Check current platinum spot price so you know the baseline value before fees and premiums[5].
– Solicit written quotes from multiple buyer types: local reputable bullion dealers, national online buyers that buy platinum, and marketplace/consignment options for jewelry[5][7][2].
– Ask each buyer for the net payout and a breakdown of fees (assay, shipping, processing, return policies) and the payment timeline; some online buyers offer guarantees or fast payment that may justify choosing them[2][6].
– For jewelry or designer pieces, get an appraisal or try consignment/auction channels first — these may return more than melt value if the piece has brand, vintage, or gemstone value[2][3].
– For large quantities or industrial platinum, contact accredited refineries or metals brokers who handle wholesale lots and provide refined-return pricing rather than retail scrap rates[4].
Buyers to consider (types and examples found in trade listings)
– Online bullion dealers with buyback programs or who publish live buy prices: established dealers such as those that sell and repurchase platinum bars and coins[4][5][7].
– Specialized online precious-metals buyers that accept scrap and jewelry and provide insured shipping kits and price-matching or grade-guarantees[2][5].
– Local reputable pawn or cash-for-gold shops when you need immediate cash, understanding they usually pay less[2].
– Consignment shops, auction houses, or marketplaces for intact or designer jewelry to try to capture retail value[2][3].
– Refineries, LBMA/Good Delivery channels, or vault services for certified bars and very large lots[4].
Practical tips to maximize payout
– Clean and document items (photos, receipts, hallmarks) and keep any certificates for coins or bars to help buyers verify authenticity and speed processing[4][3].
– Remove nonplatinum parts (base-metal clasps, heavy soldered elements) if possible, or disclose them up front so quotes are accurate[2].
– Get at least three firm offers and compare the net cash you will receive, not just the per-ounce bid[2][5].
– Beware of “too good to be true” buyers and check reviews with the Better Business Bureau, Trustpilot, or consumer-review sites before sending items[2][6].
– For online shipments, insure the package for full value and use trackable, insured shipping required by reputable buyers[2][5].
When timing matters
– Spot price volatility affects the absolute value of platinum; for bullion or large lots consider trading when the spot price is favorable or when several dealers compete, and for jewelry consider market demand and seasonality for retail resale channels[5][6].
Sources
https://www.goldrepublic.com/buy-platinum
https://www.wealthysinglemommy.com/sell-platinum/
https://www.jewelove.in/blogs/jewelove-blog/where-and-how-can-i-sell-platinum-bullion-for-the-best-price
https://sdbullion.com
https://www.apmex.com/sell-gold-sell-silver-overview