Platinum Melt Value Calculator
.9995 fine platinum is $61.89/gram at today's $1,926.00/troy-oz platinum spot. Enter weight and purity to calculate melt value.
Live platinum spot
$1,926.00/oz
Fetched 5/30/2026, 11:00:02 PM
What this platinum calculator does
This platinum calculator estimates melt value from live platinum spot, the purity you select, the weight you enter, and quantity. It is built for bullion coins, bars, rounds, and other items where you know the fineness. The default .9995 setting matches common investment-grade platinum bullion, while the custom option covers stamped items with a different assay.
Platinum purity
Platinum bullion is commonly .9995 fine, meaning 99.95% pure platinum by weight. Some jewelry and older items may be marked .950 or .900 instead. The purity selector changes only the pure-platinum portion of the math: total weight is converted to troy ounces, multiplied by purity, then multiplied by the current spot price per troy ounce.
Melt value vs dealer price
Use melt value as a reference point, not a guaranteed sale price. Dealer buy prices, taxes, shipping, condition, mint, and collector demand can move the actual market price above or below melt. For ordinary bullion, melt is still the cleanest baseline for understanding what the metal content itself is worth right now.
Platinum calculator FAQ
How is platinum melt value calculated?
Platinum melt value is weight converted to troy ounces, multiplied by purity, multiplied by the current platinum spot price. For example, one troy ounce of .9995 fine platinum is worth roughly 99.95% of the live platinum spot price before any dealer premium, spread, tax, or shipping.
Why does the calculator default to .9995 fine platinum?
.9995 fine is the common purity for many modern platinum bullion coins and bars. It means the item is 99.95% platinum by weight. If your item is stamped .950, .900, or another assay, select that preset or enter a custom purity percentage.
Can I use this for platinum jewelry?
Yes, if you know the item weight and purity stamp. Many platinum jewelry pieces are marked 950, which means 95% platinum by weight. The calculator gives melt value only; it does not estimate labor, brand, gemstone, resale, or refiner deductions.
Does this include a dealer buyback or scrap offer?
No. Platinum buyback spreads vary widely by dealer, item type, condition, and market liquidity. This page intentionally shows melt value only so the number is tied directly to spot price and purity rather than an assumed resale discount.
What weight units does the platinum calculator support?
The calculator supports grams, troy ounces, and pennyweights. Precious metals trade by troy ounce, so gram and pennyweight entries are converted to troy ounces before applying purity and spot price.
Why might my dealer price differ from melt value?
Dealer prices include premiums, spreads, payment method differences, shipping, inventory risk, and sometimes collector demand. Melt value is the metal-content baseline, not the final retail or buyback price for a specific platinum product.