Last updated: 18/08/2015 13:38:25
Platinum does not wear in the same way as gold does. It’s a much harder metal and although it can be scratched, the metal is simply displaced.
Although considered more valuable than gold, this has not always been the case. In fact, in the 17th century, the Spanish considered platinum a nusiance as they were soley interested in mining and refining silver.
Today, as well as being a desirable metal in items of jewellery, platinum has many scientific and industrial uses. It is used in pacemakers, to manufacture nitrogen based fertilisers and can even be found on the nose cones of missiles!
Please remember we are paying you for the precious metal content of you item. As such, we do not pay for stones. If you are able to, we always recommend you remove any stones you wish to keep, prior to sending. If however you don’t feel confident to remove a stone and it is of a reasonable size, we are happy to remove and return stones if requested. We don’t charge for this service and we don’t charge to post your stones back.
You can use the platinum calculator in the right-hand column of this page to value your items. If you have an item of platinum of a different purity, all our rates are displayed on our scrap platinum prices page.
my question is, if i sell platinum, would there be a tax if we receive the payment that you send to us in the bank?
If you are a dealer and registered for VAT, the payment from us to you would be subject to VAT at the prevailing rate.
If you are a private seller, you should consult your accountant / financial adviser in relation to personal tax issues.
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