Sell Palladium in Michigan
Palladium is one of the six precious metals in the platinum metal group. AU is interested in buying your platinum, we offer the highest prices for your platinum metals.
In addition, AU Precious Metals is one of the only palladium brokers in Michigan–contact us to inquire about what we can do for you, and how we can help you get the most value from your palladium items.
What is Palladium?
Palladium (chemical symbol: Pd) is a silvery-white metal that resembles silver or platinum in color and appearance. It is primarily found and extracted from Russian and South African mining facilities. It serves numerous industries, from the medical and dentistry sectors (dental fillings, medicine) to the automotive industry (catalytic converters). Naturally, its appearance also makes it an ideal choice for jewelry.
Palladium prices have steadily increased over the years. The price per ounce rose from approximately $700 in 2013 to $2,073 in 2020, with price peaks in 2021 ($2,967) and 2022 ($3,013). This steady rise reflects the ever-increasing demand for palladium across all sectors.
Palladium can be found in various items, and our process allows us to obtain Palladium from many different industries and business sectors, from jewelers to the medical industry.
One of the most common applications of palladium is in dentistry. Palladium is a common component of specific metal dental casting alloys, such as high noble crowns. AU Precious Metals buys dental casting scrap and can analyze its purity to ensure we extract only top-quality metal.
Specific luxury watch brands sometimes use palladium in their products as an alternative to other silvery-white precious metals like platinum. Examples of brands offering palladium watches include Cartier, H. Moser & Cie., and Ulysse Nardin.
Although palladium is rarer and less expensive than traditional precious metals, AU Precious Metals evaluates the value of luxury palladium watches using non-invasive methods and can then ensure the price you receive matches the metal’s worth.
Although rare, palladium is found in many surgical instruments due to its natural corrosion resistance, biocompatibility, and ability to withstand the extreme temperatures of a sterilization process.
Examples of scrap palladium surgical instruments includes:
- Implant wires
- Scalpels and scalpel blades
- Surgical scissors
Palladium is sometimes used by jewelers, primarily for making rings. Its rarity and silvery-white appearance make it an ideal choice for engagement and wedding rings. Most palladium jewelry is made using 95% pure palladium (PD950).
AU Precious Metals can analyze and ascertain the exact purity of the palladium used in wedding bands and other jewelry items using advanced techniques (XRF spectrometry).
Sell Us Your Scrap Palladium Items
Are you an individual with palladium jewelry, bullion, coins, or other items made of palladium that you’d like to sell? Do you represent a business and need to sell your company’s stocks of palladium scrap?
AU Precious Metals can assay and buy many palladium items, ensuring you have options.
Lastly, as precious metal brokers, we don’t just buy palladium. We also deal in gold, platinum, rhodium, and silver. Contact our friendly customer service at (248) 833-6133 for more information and schedule an appointment today.