1. Jewelry Identifier
  2. Platinum melt value
  3. PT950 · 1 troy oz

* Platinum melt value

PT950 1 troy oz melt value today

1 troy oz of PT950 platinum (95.0% pure platinum) is worth about $1,738 in melt value as of August 29, 2026 — a scrap buyer typically pays ~85% of that ($1,477) after refining and margin. That weight is typical of solid platinum chains, heavy bracelets, multi-piece lots.

Published July 11, 2026 · Updated August 29, 2026

PT950 · 1 troy oz — live estimate

Melt value
$1,738
Realistic scrap (~85%)
$1,477
Pure platinum content
29.548 g
Per-gram melt
$55.86/g
Purity
95.0% (PT950)
As of
August 29, 2026

The calculation

melt = spot/g × purity × weight(g)
     = $58.80 × 0.95 × 31.1034768
     = $1,738

Scrap buyers typically deduct ~15% for assay and refining, landing near $1,477. Designed or branded pieces can sell for more intact than melted.

What usually weighs about 1 troy oz?

At 1 troy oz, you are usually looking at solid platinum chains, heavy bracelets, multi-piece lots. Confirm the hallmark matches PT950 before you accept a scrap offer — plated lookalikes are worth far less.

Before you sell

  1. Confirm the PT950 stamp (or equivalent fineness mark).
  2. Weigh in grams on a jewelry scale; exclude stones and non-platinum parts.
  3. Compare at least two scrap offers against the $1,477 ballpark above.
  4. Not sure of the metal? Scan it in the Jewelry Identifier app first.

* Frequently asked

FAQ

Q. How much is 1 troy oz of PT950 platinum worth today?
A. About $1,738 in pure melt value as of August 29, 2026. A realistic scrap offer is near $1,477 (~85% of melt) after refining and margin.
Q. How much pure platinum is in 1 troy oz of PT950?
A. PT950 is 95.0% platinum by weight, so 1 troy oz contains about 29.548 g of pure platinum.
Q. How do I calculate PT950 value myself?
A. Multiply today's platinum spot per gram ($58.80) by the purity (0.95) and by the weight in grams (31.1034768). That is $58.80 × 0.95 × 31.1034768 = $1,738.
Q. Is 1 troy oz a normal weight for PT950 jewelry?
A. Yes for solid platinum chains, heavy bracelets, multi-piece lots. Weigh only the platinum — exclude stones and non-platinum findings — before using this estimate.

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