Marco Polo

PLATINUM REFINING

Physical Schedule

This schedule applies to recognizable and marked jewelry type platinum scrap. Settlement on 2nd platinum fix at full market; on spot at discount to market on a case-by-case basis. Contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. or, even better; call us at 1 800 543-3420 any time during normal New York business hours.

	Purity	Percentage of Market	What We Pay You Per dwt	What we pay you per gram

	95%	85%	mkt. x .0425 = $ per dwt	mkt. x .0273
	90%	80%	mkt. x .040 = $ per dwt.	mkt. x .0257



Refining Schedule

This schedule can apply to all high grade platinum. It must be used for scrap that is non-recognizable and/or unmarked: clips, bars, buttons, bench sweeps, filings, turnings, etc.; terms based on after-melt weight.

		60% +
Quantity	Element	Accountability	Refining Charge	Settlement

<10.00 oz t	Pt	94%	$200	6 Weeks
	Au	92%	$15.00 per oz. t. N.M.C.	6 Weeks

>10.00 oz. t	Pt	97.5%	$12.50/oz t.	6 Weeks
	Au	96%	$15.00 /oz t.	6 Weeks
	Pd	92%	$20.00/oz t.	12 Weeks
	Ru	65%	$85.00/oz t.	18 Weeks
	Rh	70%	$100.00/oz t.	18 Weeks
	lr	60%	$85.00/oz t.	18 Weeks


		50% +
	Element	Accountability	Refining Charge	Settlement

>10.00 oz t +	Pt	96%	$20.00/ oz t.	6 Weeks
	Au	96%	$15.00/ oz t.	6 Weeks
	Pd	95%	$20.00/ oz t.	18 Weeks
	Other elements	60%	See above	See above


		40% +
	Element	Accountability	Refining Charge	Settlement

>10.00 oz t	Pt	94%	$20.00/ oz t.	6 Weeks
	Au	94%	$15.00/ oz t.	6 Weeks
	Pd	94%	$20.00/ oz t.	18 Weeks
	Other element	60%	See above	See above


		30% +
	Element	Accountability	Refining Charge	Settlement

>10.00 oz t	Pt	93%	$20.00/ oz t.	6 Weeks
	Au	93%	$15.00/ oz t.	6 Weeks
	Pd	93%	$20.00/ oz t.	18 Weeks
	Other element	60%	See above	See above


		20% +
	Element	Accountability	Refining Charge	Settlement

	Pt	92%	$20.00/ oz t.	6 Weeks
	Au	92%	$15.00/ oz t.	6 Weeks
	Pd	92%	$20.00/ oz t.	18 Weeks
	Other element	60%	See above	See above


		10% +
	Element	Accountability	Refining Charge	Settlement

	Pt	90%	$20.00/ oz t.	6 Weeks
	Au	90%	$15.00/ oz t.	6 Weeks
	Pd	90%	$20.00/ oz t.	18 Weeks
	Other element	60%	See above	See above


XRF OPTION On smaller lots it is more economical to settle after melt on XRF analysis instead of full assay. This is the general procedure we will follow unless otherwise directed by you. When the XRF option is used, the major platinum component will be accounted for at 2% less than by full assay, minor elements of mid-range (generally between 10 - 25%) accounted for at 15% less than by full assay, minor elements of low concentration (between 2 - 10%) accounted for at 30% less than via full assay, and minor elements of very low concentration (under 2%) are accounted for at 40% less than via full assay, <1% not accountable. Notes:
	<10.00 oz t. $150 - Flat charge if assayed for Pt only. Additional charged apply for additional elements 10.00+ oz t. $400 - Includes one hour of processing. Should the difficulty of the material necessitate additional time, there will be an additional charge of $125 x the number of hours in excess of the first hour. 25.00+ oz t. $300 - Includes one hour of processing. Should the difficulty of the material necessitate additional time, there will be an additional charge of $125 x the number of hours in excess of the first hour. Additional melt charge: $2 per oz.t, for each oz.t in excess of 50 oz.t.
2) Assay charges: $150 1st element, $100 each additional element
3) Advances: before sale of metal: prime + 4%
4) Advances: after sale of metal: current lease rate + 2%
5) Purchase: Pt & Pd, 2nd fix - $5 oz t; other metals at variable discounts.
6) Metal return: Pt, $15 per oz t.; other metals at variable discounts.
7) All Platinum refining lots subject to a minimum 0.15oz t deduction all metals.
8) Settlement time for Platinum sweeps lots is 12 weeks from the start of processing.