Sell Scrap Platinum for the Highest Cash Price in LA
South Bay Coin pays same-day cash for scrap platinum of every kind, from broken jewelry to dental and industrial material. Walk in for a private, no-obligation appraisal and an offer based on today's live spot price.
The Best Place to Sell Scrap Platinum in Los Angeles
If you want to sell scrap platinum in Los Angeles for the most cash, South Bay Coin is the dealer locals have trusted since 1980. We are a licensed, bonded, and insured precious metals dealer in Lawndale, and we buy platinum in every form: broken jewelry, dental and lab material, casting grain, and industrial scrap. Every offer is built on today's live platinum spot price, not a flat lowball quote.
Most pawn shops and jewelry stores do not handle platinum well. They cannot test it accurately, so they often price it as silver or white gold and pay a fraction of its true worth. South Bay Coin refines precious metals in-house, which removes the middleman markup and lets us pay you significantly more for every gram. Our clients routinely walk out with 10 to 30 percent more than competing offers from other platinum buyers across LA.
Each piece is tested, weighed, and explained in front of you with full transparency, and there is never any pressure to sell. Whether you have a single broken band, a bag of dental crowns, or a tray of lab crucibles, you get the same careful evaluation. If your platinum jewelry is intact and designer-made, ask us about our dedicated sell platinum jewelry service, where pieces from Tiffany and Cartier can command well above melt value.
Our Lawndale Showroom
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Live Precious Metal Spot Prices
Updated every 60 seconds during market hoursHow We Determine What Your Scrap Platinum Is Worth
Scrap platinum value comes down to three numbers: purity, weight, and the live spot price. Platinum is sold by the troy ounce (about 31.1 grams), so we weigh your material on a calibrated scale, then multiply the pure platinum content by the current market rate. Knowing how much scrap platinum is worth per gram simply means dividing that troy-ounce price by 31.1 and applying your item's purity.
Purity is the part most buyers get wrong. Platinum is usually stamped 950, 900, or 850 (sometimes marked PLAT or Pt950), meaning 95, 90, or 85 percent pure. Many old rings, especially antique pieces, were never hallmarked at all. We use XRF analysis, a non-destructive scan that reads exact metal content in seconds, so a 950 piece is never priced as a 900 piece. Because platinum is denser than gold and looks like silver or white gold, untrained buyers frequently misidentify it and underpay. We never do.
The other half of a strong offer is who actually melts the metal. Resellers pay a low percentage of spot because they flip your platinum to a refiner and keep the spread. We are the refiner, so that spread stays in your pocket. The same advantage is why customers come to us for cash for their gold and to sell silver too. Every appraisal is free, transparent, and explained line by line before you decide.
Scrap Platinum We Buy for Cash
We buy platinum in any condition and any form. Broken, melted, marked, or unmarked, every piece is tested and paid out on its true metal content.
Broken & Scrap Jewelry
Bent bands, snapped chains, single earrings, broken settings, and worn rings. Damage does not lower the platinum content.
Dental & Medical Platinum
Dental crowns, bridges, and clinic scrap, plus medical platinum such as wire, pins, and lab residue from dentists and offices.
Industrial & Lab Scrap
Thermocouple wire, crucibles, electrodes, lab equipment, electrical contacts, and catalytic platinum material from facilities.
Bars, Shot & Sponge
Melted jeweler's bars, casting grain, platinum shot, sponge, and small ingots from bench work and production overflow.
Sell Scrap Platinum in Three Steps
Visit, Call, or Text
Walk into our Lawndale showroom at 16916 Hawthorne Blvd. No appointment. Or call (310) 363-7808 and text photos of your scrap platinum.
Free XRF Appraisal
We scan the purity, weigh each piece in front of you, and explain the offer using today's platinum spot price. Zero pressure.
Get Paid Immediately
Accept the offer and receive cash or check on the spot. Most visits take 15 minutes. Bring a valid photo ID.
South Bay Coin vs. Other Platinum Buyers
Not all platinum buyers are equal. Most resell to a refiner and keep the spread, while we refine in-house and pass the difference to you.
| South Bay Coin | Pawn Shops | Jewelry Stores | Mail-In | |
|---|---|---|---|---|
| Owns refinery | Varies | |||
| XRF tests platinum in front of you | Sometimes | Sometimes | ||
| % of spot paid | Highest | 30-50% | 40-60% | 55-75% |
| Same-day cash | ||||
| Buys dental & industrial scrap | Varies | |||
| 45+ year track record | Varies | Varies | Varies |
What Our Customers Say
Common Questions About Selling Scrap Platinum
How much is scrap platinum worth in Los Angeles?
Scrap platinum is worth its purity multiplied by its weight multiplied by the live spot price. A 950-stamped piece is 95 percent pure, priced per troy ounce. Because South Bay Coin refines in-house, we pay a higher percentage of spot than pawn shops, jewelry stores, or mail-in buyers across Los Angeles.
Where can I sell scrap platinum near me?
South Bay Coin at 16916 Hawthorne Blvd in Lawndale is the South Bay's go-to scrap platinum buyer, serving Torrance, Redondo Beach, Manhattan Beach, and all of LA County. Walk in with no appointment, get a free XRF appraisal, and leave with same-day cash. You can also text photos first for a quick estimate.
How do you determine the value of my scrap platinum?
We scan each piece with an XRF analyzer to read its exact purity, weigh it on a calibrated scale in front of you, then apply today's live platinum spot price. The pure metal content sets the offer. We walk through every number so you see precisely how your payout was calculated before you decide.
What purity of platinum do you buy?
We buy every purity, including 950, 900, and 850 platinum (often stamped PLAT or Pt950), as well as unmarked and antique pieces. Many old rings were never hallmarked, so we test rather than guess. Higher purity pays more per gram, but even low-grade and mixed scrap has real value worth bringing in.
Do you buy dental platinum and lab scrap?
Yes. We regularly buy dental platinum, clinic and lab scrap, thermocouple wire, crucibles, electrodes, and industrial platinum from dentists, labs, and facilities across Los Angeles. There is no minimum quantity. Even small amounts of high-purity platinum can be worth a meaningful payout, and we handle commercial sellers discreetly.
How is scrap platinum priced per gram versus per ounce?
Platinum trades by the troy ounce, which equals about 31.1 grams. To find the per-gram value, divide the troy-ounce spot price by 31.1, then multiply by your item's purity and weight. We weigh in grams on a calibrated scale, so smaller scrap pieces are still measured and paid accurately to the gram.
Can I sell broken or damaged platinum jewelry?
Absolutely. Broken, bent, scratched, or single-earring platinum is worth the same per gram as intact scrap because value is based on metal content, not condition. Bring bent bands, snapped chains, and broken settings. If a piece is an intact designer item, we will tell you, since it may be worth more than melt.
What is the difference between platinum spot price and what I get paid?
Spot price is the value of pure platinum per troy ounce. Your payout is that figure adjusted for purity, weight, and a small refining margin. Resellers keep a large spread by flipping your metal to a refiner. We are the refiner, so our margin is thin and your share of spot is among the highest in LA.
Do I need an appointment to sell scrap platinum?
No appointment is needed. Walk into our Lawndale showroom during business hours, Monday through Friday 10 AM to 5 PM or Saturday 10 AM to 3 PM. Bring a valid photo ID. Most appraisals take about 15 minutes, and if you accept the offer you are paid cash or check on the spot.
How does selling scrap platinum at South Bay Coin compare to a pawn shop?
Pawn shops rarely test platinum correctly and often price it as silver or white gold, then resell to a refiner for profit. South Bay Coin refines in-house, tests with XRF in front of you, and pays a higher percentage of spot. After 45-plus years and 400-plus five-star reviews, our offers consistently beat pawn-shop quotes.
Ready to Sell Your Scrap Platinum?
Bring your broken, dental, or industrial platinum to our Lawndale showroom for a free appraisal and same-day cash.