Platinum purchase

The valuation of platinum purchases takes various criteria into account, including purity, weight and the current market price. These criteria are decisive in determining the final purchase price. The purity indicates how much pure platinum is contained in an object of value. Platinum jewelry or other objects made of the precious metal are not usually made of pure platinum, but are an alloy of platinum and other metals or precious metals such as gold, palladium or silver. The fineness is given in thousandths, for example a 950 marking means that 95 percent of the material consists of platinum. Whether platinum jewelry, coins or bars – many of them are marked or stamped accordingly. If this is not the case, special methods and instruments are used to determine the fineness. Another important factor is determining the weight. The heavier the platinum, the higher the purchase price will be.

In order for you to benefit from the best possible price, the object of value is weighed very precisely. This is easiest with investment products such as a platinum bar or a platinum coin, where the platinum weight is easy to read. Both forms are produced in a refinery. Minted platinum bars are available in various sizes such as 1 oz, 100 g, 500 g or 1 kg. A minted platinum coin such as the well-known Isle of Man coin, for example, comes in a quantity of 1 ounce. Corresponding investment products are of course also available on the market in silver, gold or other precious metals. After all, the platinum price plays a decisive role in the purchase price. This is subject to daily fluctuations, which is why the current daily price is always used for the purchase at SG Watches. The value is usually given in grams or ounces and depends on global demand, production costs and global exchange rates. The value of platinum is also often high compared to gold, as it is rarer and of great importance to the industry.