Category Archives: Platinum

Platinum Information

Do you refine platinum from pacemakers? – From John in St. Louis, MO

Q: Do you refine platinum from pacemakers? – From John in St. Louis, MO

Medical device platinum refining.

Medical Device Recycling

A: Hi John!

Unfortunately, pacemakers do not have enough platinum to be cost effective to process and offer a return payment. Medical devices such as EP catheter tips and defibrillator pads contain higher amounts of platinum and are more ideal for refining.

If you have either of these items you can send the pacemakers along with these items. Or if you would like to dispose of the pacemakers in an environmentally secure manner, we can assist you, however, there would be no payment made to you, only the disposal service.

Thank you for your question!

* Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.

* Read our disclaimer

5 Steps to Recycle Platinum from EP Catheter Tips

QUESTION:
Do you work with hospitals for refining EP Catheter Tips?

EP Catheter Recycling

EP Catheter Recycling

ANSWER:
Thank you for your inquiry. YES! We do work with hospitals and medical offices on a regular basis to refine platinum from medical devices such as EP Catheter Tips. We would be happy to quote you on the processing and recycling of your EP Tips. Our EP Recycling Program leaves zero margins for diminishing returns. When your material is sent to us, you will know the exact precious metal contents within each tip. In order to give you the most accurate estimate, we would need samples of each kind of EP tip your department uses for various procedures (i.e., manufacturer and size of tips). We would also need an approximate amount of how many is used quarterly/monthly.  We can disclose the Platinum yield of each type of tip. This is a factual number.  Once established, we will quote you a program that will leave little error as to how much your return should be quarterly or monthly, depending on how many procedures are performed in your EP Lab.

Follow the following 5 steps to prepare your EP Catheter Tips for platinum refining:

  1. Cut the wire 4 inches above the Band furthest from the actual tip and put it in the plastic bag located in our EP dispenser.  It’s highly recommend the dispenser be located for convenience where the device is taken off of the patient.
  2. When the bag is filled, close up the bag, secure it with tape and ship it to us for recycling.
  3. List the type and amount (how many of each type) of tips you are sending on our packing slip.
  4. Call or e-mail stating you are sending your package to our refinery in Missouri.
  5. At the time of arrival of your package to our facility, the platinum price of the NY Comex Spot market price and your settlement price will be calculated.  A check will be mailed to your department within 10 business days of receiving your shipment.

We can provide you many excellent references, as well as, any other additional credibility documents that you require.

* Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.

* Read our disclaimer

 

Sell & Refine EP Catheter Platinum Tips

Question: Hello, I would like to send in EP catheter platinum tips. What information do you need to get this process started? Thank you, Lauren from Chicago, Illinois

Hi Lauren,

We help many medical facilities and hospitals start in-house programs to collect, sell and send in precious metal containing medical devices such as EP catheter tips. We recycle the platinum and return payment to your department based on the actual amount of platinum extracted.

To get started on a platinum recycling program, begin by collecting the EP catheters and other platinum-containing devices you use in your lab. Place sterilized EP catheters, angioplasty guide wires, and electrophoresis electrodes in a plastic bag or plastic container.

You can fill out our packing slip to include with your shipment and include any instructions and contact information you have. We typically can return a payment within 5-7 business days if not sooner.

Hope that helps! Thank you for your question.

*Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.

Sell – Refine Platinum Wire

Question:  I believe I have several ounces of platinum wire (my father had been holding onto it for quite some time). Thanks! From Chelsea in Austin, Texas

Hi Chelsea,

Do you know what the platinum wire was used for? Platinum wire is normally used in high temperature industrial furnaces. If you think that is where your wire is from, there is a good chance that it is platinum. How much of the material do you have? Platinum wire can vary in the purity and grade. We would use our XRF (X-ray fluorescence) testing equipment to see how much platinum we could recover from your wire.

According to CNN Commodities Prices, platinum is $ 1,646.70 USD per troy ounce today** Given the costs involved in refining platinum wire, we typically pay about 70% of the platinum content available to recover.

*Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.

** Market price of platinum changes daily. This price may not reflect the current price of platinum today.

Platinum Markings & Hallmarks for Selling

Question: What does the stamp “Plat Furo” mean inside my engagement ring? From Kathryn in Danbury, CT

Sterling Silver RingAnswer:

With the price of platinum rising above the price of gold, this precious metal is the commodity of the week! So thanks for your question about your platinum ring.

Though there are not as many hallmark variations for platinum jewelry as gold and silver, when deciphering platinum hallmarks you still must take in to account the purity, time period, manufacturer and place of origin for your piece.

“Plat” obviously means platinum, however we’re not sure what “Furo” means next to it. Are there any other markings? We would be looking for a number that indicates the purity/grade of your platinum ring. Below are some common markings we see:

850 (85% Platinum)
900 (90% Platinum)
950 (95% UK Standard Platinum)
999 (99.9% Pure Platinum)

If your ring is new, I would think that it would have one of these common platinum markings. If it does not have one of those, you may want to have a jeweler look at it for purity. While most of our platinum posts are about industrial platinum refining, here are a few about platinum jewelry that may help also:

http://www.precious-metal-refining.info/is-there-any-way-to-tell-if-my-platinum-ring-is-pure-platinum/
http://www.precious-metal-refining.info/where-to-sell-platinum-wedding-rings-precious-metal-refining-blog/

*Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.

While we are happy to give estimates on precious metal items, we are NOT antiques dealers, researchers, or retail sellers. As a precious metal refiner, we only consider the weight and amount of precious metal available to extract during the smelting and refining process.