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topic 27475

How do I sell iridium?


A discussion started in 2004 but continuing through 2019

2004

Q. I am in the process of becoming the owner of stored iridium and would like to sell it if I do become the owner. Any suggestions on selling iridium?

DONALD O. BURNWORTH
- PRESCOTT, Arizona, USA


2003
wikipedia
Iridium

The editor's fave "coffee table book" for years now...
The Elements
from Abe Books

or

A. Hi Donald. Iridium is number 77 one of our 92 elements; it's a metal used in coinage, implants, reflective coatings, etc. It is a precious metal nearly as valuable as gold.

But iridium is also a metal that charlatans claim can become imbued with magic other-worldly powers, and which is traded in ridiculous scams by ignorant villagers (see letter 12341). Your question is slightly vague, and it's hard to tell whether you are asking about how to locate refiners and metal dealers for legitimate trade in this precious metal, or whether you are one of the loonies :-)

Ted Mooney, finishing.com Teds signature
Ted Mooney, P.E.
finishing.com
Pine Beach, New Jersey
Striving to live "Aloha"


2004

A. You may also want to surf over to webelements at http://www.webelements.com/webelements/elements/text/Ir/key.html for their entry on iridium. Considering how expensive it is, and how heavy (so you don't get much for your money!), you should read up on this pretty neat metal.

lee gearhart
Lee Gearhart
metallurgist




March 1, 2019

Q. We are in possession of a 100 kilo bar with assay: palladium 4.55, iridium 45.45, osmium 46.50, platinum 3.50. The bar weighs 100-115 kilos. We are selling it. How do we go about it?

augusto c. [last name deleted for privacy by Editor]
- legazpi city, philippines


March 2, 2019

A. Talk to REPUTABLE precious metal refiners. You've got a lot of value there, which you can calculate from daily price charts for those metals. Do the math, add it up, and see if you can find a refiner who will pay 70% or thereabouts of market.

jeffrey holmes
Jeffrey Holmes, CEF
Spartanburg, South Carolina



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