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.