It can be strange to hear the words “platinum” and “scrap” in the same sentence, let alone right next to each other. After all, platinum is one of the world’s most valuable commodities, a rare precious metal used to decorate the crowns on royalty. How could it ever be known as scrap?

Well, “scrap” platinum is simply platinum that doesn’t seem to be serving any particular use and could be regarded as surplus. After all, even precious stones like diamonds don’t come out of the ground as perfectly polished, cut piece of jewelry; instead, many of the diamonds mined aren’t considered quite “cut out for” being in jewelry in the first place.

Too look at the different types of platinum scrap, we’ll have to answer one question first: what exactly is platinum scrap?

What is platinum scrap?

Like table scraps fed to a dog, scraps of platinum are extra bits and pieces of platinum that you might not be planning on using. You might also qualify platinum scrap as any platinum that you do use, but don’t necessarily need to use. If you have an old, broken piece of a platinum ring laying around that you haven’t used in ten years, it may still be platinum, but you could also call it platinum scrap.

With that definition, let’s take a look at three different types of this scrap that you might want to consider selling to an online broker.

Type #1: Broken Platinum Scrap

Platinum is used frequently in jewelry because of its ability to last a long time, even when combined with other metals or gemstones. But that doesn’t mean platinum jewelry can’t break, particularly if a piece of casing was made with a poor material. If your platinum jewelry – think earrings, bracelets, rings, and even watches – has broken down, remember that the platinum it contains is still just as good for selling as ever.

The piece of jewelry, however, may not be. That’s why it’s important to consider whether or not you want to repair your broken piece of platinum – if it’s an article of jewelry like a necklace or bracelet, you can possibly take it to a jeweler for repair.

However, if you don’t feel that you were using the platinum article, or if you felt like you would have sold it anyway, then it’s time to take the platinum to an online metal broker who will melt down the metal and pay you for it.

Type #2: Old or Antique Platinum Articles

Even if your piece of jewelry isn’t broken, you may be looking to sell it for another reason, and this could qualify as platinum scrap, particularly if your antique has been gathering dust. While many of these antiques often carry sentimental value, it can be just as likely that they don’t carry any special value for you. For this reason, it’s possible to consider these unbroken pieces of jewelry or antiques as “scrap platinum.”

You have a few options with this type of platinum. Because the article is unbroken (if it was, it would become Type #1 platinum scrap), you might be able to sell this antique directly on the market. You could to go a place like eBay or even take your antique article to an auction where it can possibly yield a pretty high price for being your scrap platinum.

Type #3: Unwanted Platinum Articles

Both #1 and #2 might fall into this category, but it’s possible that some platinum might come your way that you don’t even really want. For example, if you bought yourself a pair of platinum earrings, and subsequently received a gift of even better platinum earrings, you suddenly have an unwanted platinum article on your hands.

In this case, you have plenty of options for working with your unwanted platinum articles: you can re-sell it to a jeweler, you can take it to an auction, you could sell it on eBay, and you could even turn to an online metal broker. In this case, it’s up to you to decide hat to do with your piece of platinum that, while it may be new and glossy, might qualify as “scrap” to you.

Remember: one person’s garbage is another person’s treasure.

If you need to sell your platinum scrap to an online metal broker, they will be able to take care of your needs, offering you an insured mailing package at their expense so that you can securely send your platinum scrap without worry.