Catalytic converters are special automotive parts because they contain precious metal. If you have a junk car that still contains an intact catalytic converter, you can expect a higher payout at a local salvage yard. Additionally, if you have one or more catalytic converters that you wish to sell, you can stand to make a wad of cash in doing so. But how much are catalytic converters actually worth? What about older model catalytic converters? Are they still valuable?
Continue reading to learn more about the value of catalytic converters, including the current metal prices as of this week.
Properties of Catalytic Converters
Catalytic converters contain various precious metals, such as palladium, rhodium, and as previously mentioned, platinum. Furthermore, catalytic converters contain other valuable metals, such as ceramic or metal foil and metal shielding. Platinum is a rare, naturally-occurring metal often used for fine jewelry, but has also found a calling in the automotive engineering industry.
You see, platinum is used for catalytic converters because of its high melting points, resistance to corrosion, and density levels. This makes it well-suited for catalytic applications, such as catalytic converters. Best of all, platinum maintains its value since it can be recycled and reused over and over again.
Market Value for Platinum
This means that old or tarnished platinum is virtually equivalent in value as newly-manufactured platinum. Platinum is priced by weight on the metal market, and fluctuates depending on various factors, included changes in national and international economics. The worth of platinum metal can also vary depending on the quality and grade, however, it generally retains high economic value.
⭐ As of March 13th, the current market value for platinum is $ 27,258.69 per kilo, $ 847.84 per ounce, and $27.26 per gram.
Market Value for Catalytic Converters
There are usually between 3 and 7 grams of platinum group metals in a standard catalytic converter. This means that the average quantity of platinum inside ranges between 0.10 and 0.24 ounces. So how much can you expect your catalytic converter to be worth? Well, with these prices averages, you can expect a medium to large, intact catalytic converter to retain around $100 worth of platinum, give or take; but you must also consider the buyers’ fees. This means that you can expect to recover a profit between $50 and $80, depending on the size of your catalytic converter. Again, this varies depending on various factors, including your particular buyer. Smaller catalytic converters will range in value between $25 and $75, depending on the same factors.
How to Sell Used Auto Parts in Indianapolis
Call Zore’s Inc. Cash for Cars at 317-450-3721 if you need to sell junk car parts in Indianapolis, Indiana. We pay cash on the spot for all junk cars, trucks, boats, SUVs, construction equipment, and motorcycles. With more than 75 years in business, you can trust that Indianapolis Cash for Cars provides honest customer service and pays the most for junk vehicles
in Indiana. Request a free estimate, today!