How much is the platinum in a catalytic converter worth?
As the owner of Kevin's Autos, I often get questions about the components of vehicles and their value, particularly regarding catalytic converters. One of the most valuable metals found in these devices is platinum. In this article, we will explore how much platinum is worth in a catalytic converter and what factors influence its value.
Understanding Catalytic Converters
Catalytic converters are essential components of modern vehicles, designed to reduce harmful emissions. They contain precious metals, including platinum, palladium, and rhodium, which facilitate chemical reactions to convert toxic gases into less harmful substances.
The Current Market Value of Platinum
The price of platinum fluctuates based on market conditions, supply and demand, and economic factors. As of now, the price of platinum is approximately $1,000 to $1,200 per ounce. However, the amount of platinum in a catalytic converter varies depending on the vehicle make and model.
How Much Platinum is in a Catalytic Converter?
Typically, a standard catalytic converter contains about 0.1 to 0.5 grams of platinum. However, high-performance vehicles may have converters with up to 2 grams or more. This means that the value of platinum extracted from a catalytic converter can range from:
- $5 to $20 for standard converters
- $100 or more for high-performance models
Factors Influencing the Value of Platinum in Catalytic Converters
Several factors can affect the value of platinum in catalytic converters:
- Vehicle Type: Luxury and high-performance vehicles typically have more platinum.
- Market Demand: The demand for platinum in various industries can influence its price.
- Recycling Processes: The efficiency of recycling methods can affect how much platinum can be recovered from used converters.
Conclusion
In summary, the value of platinum in a catalytic converter can vary significantly based on the vehicle and market conditions. If you're considering selling a used catalytic converter, it's essential to stay informed about current platinum prices and consult with a reputable recycling service to get the best value for your component.
Frequently Asked Questions
What is the scrap price for platinum?
Scrap Platinum
| Purity | Price Per Gram | Price Per Penny Weight |
|---|---|---|
| 90% Platinum | $25.63 | $39.86 |
| Pure Platinum | $28.48 | $44.27 |
How much is a scrap catalytic converter worth?
It's possible to get up to $1,000 for your catalytic converter. The amount you may be offered at a local scrapyard can vary tremendously since the precious metals inside the converter (namely platinum, palladium, and rhodium) will ultimately determine what the converter is worth.
How much is 1 g of platinum worth?
$31.75
Today's Live Platinum Bar Spot Price
| Today's Live Platinum Bar Spot Price | Platinum Spot Price Today | |
|---|---|---|
| Platinum Price per Gram | $31.75 | €30.65 |
| Platinum Price per Kilo | $31,746 | €30,650 |
| Platinum Price per Ounce | $987.41 | €953.32 |
| 11 February 2025, 16:45:25 (GMT-08:00) |
What is the highest paying catalytic converter right now?
Below are some vehicles with the most expensive catalytic converters, from luxury sports cars to massive trucks.
- Ferrari F430 ($3,770)
- Lamborghini Aventador ($3,120)
- Ram 2500 ($3,460)
- Ford F-250 ($2,800)
- Ford Mustang ($1,500)
Why can't junkyards sell catalytic converters?
The Environmental Protection Agency (EPA) considers it a violation of its policies for consumers to install a used converter from a salvage yard or sell it for reuse unless it has been properly tested and labeled.
How much does 1 gram of rhodium cost?
The current price of Rhodium is $165.76 per gram.
Please note that the price provided above is the retail price for private investors and is aligned with industry retail pricing. For bulk rhodium purchases, whether industry or investment, please contact us directly for a quotation.
What is the price of 1 gram of platinum?
Today Platininum Price per gram in India (INR)
| Gram | Platinum Rate Today (₹) | Platinum Rate Yesterday (₹) |
|---|---|---|
| 1 gram | 2,757 | 2,777 |
| 8 gram | 22,056 | 22,216 |
| 10 gram | 27,570 | 27,770 |
| 100 gram | 275,700 | 277,700 |
How do you get platinum out of a catalytic converter?
The pyrometallurgical process for the recovery of platinum from the spent catalyst involves three methods: smelting, vaporization, and sintering (Peng et al., 2017). Crushed spent catalysts are mixed with various collectors such as lead, copper, iron, matte, or PCB (printed circuit board) for helping platinum recovery.
How much platinum is in 1 catalytic converter?
about 3-7 grams
Although the quantities vary by model, on average, only one standard catalytic converter contains about 3-7 grams of platinum, 2-7 grams of palladium, 1-2 grams rhodium.
What is the price of 1 oz of platinum?
$999.16
Currently, the platinum spot price for 1 ounce of platinum in U.S. dollars (USD) is $999.16.
