Hi all, Having fastidiously saved every wire clipping and sawn off
scrap of sheet platinum from thirty two years of fabricating jewelry,
in anticipation of some far off time in later life when I would cash
in all in, I’ve been thinking that perhaps that the time had come.
The platinum market is up and the economy is down. Why not? After a
few phone calls and e-mails, however, I came to the realization that
just sending it as “clean jewelry scrap”, to either Hoover and
Strong or United/PMR (and probably most others as well), will cost
(in addition to an acceptable processing charge), a discount of
TWENTY percent under market of the day. What a deal.
A friend close to the refining industry, suggested that I try
calling Johnson Matthey in New York to see if perhaps they had a
better price schedule. Their fees are a minimum of $750 for refining,
a $200 assay charge, and $12/oz. of platinum recovered. Better,
except for the catch—> They require six weeks lead time and pay
out based on the market price on the day of settlement. The platinum
market being what it is, that could be a costly gamble.
Does anyone know a better way???
I have also considered recycling the clean scrap into sheet and wire
here in the studio. I have a big Durston mill, carbide draw plates
and recycle my 18k yellow regularly. I do not, however, have platinum
casting facilities at the studio. To date, I’ve sent those waxes to a
Is it time to take the plunge? How large a torch would I need to
successfully melt and pour several ounces of 10% iridium platinum
from a hand held wesgo crucible? Can I use the same type of steel
sheet mold and cast iron wire ingot molds that I use for 18k?
I understand and respect the contamination issues regarding
platinum. Can I expect to be successful at this?
What are the opinions of all you good thinkers out there? (And,
what’s that old quote about, “The best laid plans of mice and