To meet each customer's specific needs, Platinum Refineries offers a variety of settlement options. Customers can receive settlements in the form of:
- a check
- precious metal bullion (coins, bars)
- bank wire transfer (requires a minimal bank fee)
- a combination of the above
Our Settlement Options For Refining Platinum, Palladium, Rhodium, Gold And Other Precious Metals Can Be Found Here.
| Settlement | Turnaround Time * Business Days |
|---|---|
Platinum |
|
| 90% of the fine Platinum contained (based on the current market price determined on the date of completion of order). Learn more about Platinum Refining. | 3 to 12 |
Palladium |
|
| 85% of the fine Palladium contained (based on the current market price determined on the date of completion of order) | 3 to 12 |
Rhodium |
|
| 80% of the fine Rhodium contained (based on the current market price determined on the date of completion of order) | 3 to 12 |
Gold |
|
| 96% of the fine gold contained (based on current market price determined on date of completion of order). Learn more about Gold Refining. | 3 to 5 |
Gold Filled |
|
| 90% of the fine gold contained(based on current market price determined on date of completion of order). Learn more about Gold Refining. | 3 to 12 |
Sterling Silver |
|
| 90% of the fine silver contained (0.925)(based on the market price determined on date of completion of order)*. Examples of 0.925 Sterling Silver are flatware, vintage trays and ware, jewelry, sterling silver solder and scrap. Learn more about Silver Refining. | 3 to 12 |
Fine Silver |
|
| 92% of the fine hallmarked .999 fine silver contained (based on the current market price determined on date of completion of order)*Examples of fine silver are 0.999 bars and rounds. Learn more about Silver Refining. | 3 to 5 |
Photographic Flake |
|
| 90% of the fine silver contained (based on the current market price determined on date of completion of order) | 3 to 12 |
Coin Silver |
|
| 90% of the fine coin silver contained (minted prior to 1965) based on the current market price determined on date of completion of order. Learn more about Silver Refining. | 3 to 12 |
Silver Electrical Contacts or any material containing Cadmium |
|
| 85% of the fine silver contained (based on the current market price determined on date of completion of order)*. Learn more about Silver Refining. All other industrial silver groups that is less than 80% fine silver contained we pay 85%.*, ** | 4 to 6 weeks |
Footnotes
Must have 3 ounces or more of karat gold to receive a 96% payout. Less than 3 ounces will receive a 94% payout.
**Must have 15 pounds or more of sterling silver to receive a 90% payout. Less than 15 pounds will receive an 85% payout.
* Due to the current higher precious metal prices our turnaround time could take longer than normal.
** $1.10 per incoming ounce or $400.00 minimum charge to remove cadmium and tungsten. Also minimum amount to ship is 15 pounds.
***Turn around time is 4-5 weeks for any material containing cadmium and tungsten.
