If you end up with 500 or more catalytic converters (or if you can wait until you have that many before recycling them), you don’t need a middle-man catalytic converter recycling company. There is a better way – one that can put more of those platinum dollars back in your pocket, not in the pocket of your recycler. But it’s worth losing all that money because of the convenience that those companies offer you, right?
But does your recycling company pay you for the market value of the precious metals for each converter you turn over? No way. There are plenty of recycling companies that do it, and you probably already use one of them. So what do you do if you have used catalytic converters on hand? Like most companies, you probably call a recycler that comes to you, hauls them away, and writes you a check for them. It takes a recycling company with specialized equipment to extract and separate the platinum from the converter’s internal honeycomb. The problem is, the platinum in your used converters isn’t located in neat little blocks that you can pull out and sell. If you’re in one of those businesses, you know that each used converter contains about one-tenth of an ounce of platinum which is trading at $1000/oz or more. New and used car dealers, automobile junkyards, muffler shops, and car repair shops all end up with used catalytic converters on hand.
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