I want to sell my platinum ring – it says 950 on the inside. It weighs about 1 – 1.5 ounces. How do I quickly proceed? How long does it take? Thanks. From Andrew in North Bend, Washington.
This sounds too heavy for a ring, but the mark you are referring to indicates the purity of your platinum ring. The “950” marking means that your ring is made of 95% pure platinum and is alloyed with 5% of some other metal. As a precious metal refiner we only take into account the weight, purity and daily platinum price. So the maker, place of origin, quality, and date made may affect the retail value, but will have no consideration in the precious value melt value of the platinum.
As for time, we typically can return a check to you within 7 business days (usually less) of receiving your material. And if we do not have to run further testing on the purity, it should take less than 7 days. We return 70% of the fine platinum value based on the weight and market price.
Hope that helps you out. Here is our packing slip should you decide to sell: http://archenterprises.com/packingSlip.pdf