Platinum Melt Value Calculator
Estimate platinum melt value from live spot prices. Enter weight and purity to value platinum bars, coins, jewelry, and scrap in seconds.
Platinum Melt Value
$2,047.96
Price as of Apr 10, 09:55 PM UTC
Platinum Purity Reference
Platinum purity is commonly shown as millesimal fineness. For investment bullion, .999 and .9995 are most common. Jewelry is often .950.
| Fineness | Purity | Common Uses |
|---|---|---|
| .9995 | 99.95% | Good delivery bars, exchange contracts |
| .9990 | 99.90% | Investment bars and rounds |
| .9500 | 95.00% | Jewelry and some alloys |
| .9000 | 90.00% | Industrial and legacy alloys |
How to Calculate Platinum Melt Value
Melt value is the intrinsic value of contained platinum only. It does not include dealer premium or collectible value.
The Formula
Quick example
- Platinum bar weight: 50 grams.
- Convert to troy ounces: 50 / 31.1035 = 1.6075 troy oz.
- Purity: .999.
- At $1,000/ozt platinum, melt value is about $1,606.
Melt Value vs Market Price
Platinum products usually trade above melt because of manufacturing and dealer costs. The gap between product price and melt value is the premium. Compare product premiums before buying.
- Bars usually carry lower premiums than coins.
- Brand and liquidity can increase resale value.
- Condition and packaging affect buyer confidence.
Popular Platinum Bullion Weights
- 1 oz platinum bars and coins (most liquid retail size)
- 10 gram and 20 gram bars
- 50 gram and 100 gram bars
- 1 kilogram platinum bars for larger allocations
Start by comparing platinum bar prices and platinum coin prices to find the lowest premium.
Buy Platinum at the Lowest Premium
Use our bullion comparison tool to track dealer pricing and premium changes in real time.
FAQ
What is platinum melt value?
Platinum melt value is the raw metal value based on current spot price, weight, and purity. It excludes dealer markup, fabrication costs, and collectible premiums.
How is platinum melt value calculated?
Convert weight to troy ounces, multiply by platinum fineness, then multiply by live platinum spot price. That gives the intrinsic value of contained platinum.
Is melt value what a dealer pays me for platinum?
Not exactly. Dealers usually buy below melt so they can refine and resell. Melt value is your benchmark for evaluating offers and avoiding low bids.
What purity is standard for platinum bullion?
Most bullion products use .999 or .9995 platinum. Jewelry is often .950. Purity has a direct effect on intrinsic value, so always verify fineness.
