What Makes A Catalytic Converter Worth Money?

How do you make money selling a catalytic converter?

How to Make Money Selling Catalytic ConvertersVisit the website Ebay.com.

Search “scrap catalytic converter” to obtain the latest listings of converters for sale on Ebay.

Contact five auto mechanics within a 1 mile radius of your home/office.

Visit two salvage yards in your area that pay for scrap.

Photograph the converters for sale on Ebay..

How much gold is in a catalytic converter?

Catalytic converters contain Platinum, Rhodium and Palladium. However, there is no gold in catalytic converters. Content will vary significantly depending on the vehicle model, but on average the ceramic weight is approximately just less than 1 kg, and the precious metal content is between 0,2% and 0,5%.

What do you do with old catalytic converters?

In most cases, the easiest way to recycle a catalytic converter is to take your entire car to an automotive recycler. Scrap metal dealers or car scrap yards are the most likely candidates to take your old car off your hands.

How much platinum can you get out of a catalytic converter?

On average, there are between 3-7 grams of platinum in a standard catalytic converter, but the amount varies based on manufacturer and model. So you can see how our minimum acceptable lot size of 500 catalytic converters or 1000 pounds of loose catalyst can add up to reclaimed profits for you.

Is platinum more valuable than gold?

The main reason for this is that precious metals are priced by weight and platinum is much denser than gold, so any platinum jewellery will weigh more. Another reason why platinum rings are more valuable than gold is because the metal is much rarer.

What is the current price of rhodium?

PGMsPriceRHODIUM USD/Oz15100.00RHODIUM GBP/Oz11428.06RHODIUM EUR/Oz12828.43RUTHENIUM USD/Oz280.005 more rows

Is it safe to drive without a catalytic converter?

As previously mentioned, you can drive just fine without a catalytic converter. … It may be okay for a while, but again, driving with a bad catalytic converter can cause engine issues and possible damage to other components, so it’s best to replace it as soon as you can.

What vehicles have the most valuable catalytic converters?

What cars have the most expensive catalytic converters?Nissan Altima 2.5L Direct-Fit.MagnaFlow 51356 Universal Catalytic Converter.EvanFischer REPG960301 Silver Powder-Coated Catalytic Converter.Flowmaster 2230130 223 Series.Walker 15634 Catalytic Converter.AutoSaver Universal Catalytic Converter.MagnaFlow 27402 Direct Fit Catalytic Converter.

How much is the platinum in a catalytic converter worth?

At the very least, a small used catalytic converter will have about 4 grams of platinum in it. Doing the math, this means that this part contains about $125 worth of platinum. It’ll be worth even more if it has small amounts of palladium or rhodium.

What is a stolen catalytic converter worth?

Precious metals such as platinum, palladium, rhodium or gold are used as the catalyst. Depending on which metal was used, thieves can sell the converters to metal recyclers for $20-$200. The recyclers then extract the metal and resell it for as much as $6,000 an ounce, as in the case of rhodium.

How do you get the platinum out of a catalytic converter?

To remove the platinum coating on the catalyst pieces, the catalyst pieces must be removed from the converter. This is done simply by turning up the catalytic converter lengthwise and pounding on one end with a blunt instrument until the catalyst pieces start to fall out of the lower, open end of the converter.

Does a magnet stick to platinum?

The only ferromagnetic metals (those that are attracted to a magnet) are iron, nickel and cobalt, and some of there alloys. Platinum doesn’t stick to a magnet.

It’s not illegal per se, but there are requirements for what kind of used converters you can use. EPA considers it a violation of the policy to install a used converter from a salvage yard or sell it for reuse unless it has been properly tested and labeled.

What is in a catalytic converter that is so valuable?

Soaring palladium prices are inspiring an unusual band of criminals: catalytic converter thieves. … They use metals such as palladium, rhodium and platinum to transform the pollutants into less harmful types of exhaust.

How much is a BMW catalytic converter worth?

I would say you have anywhere from $250-$300 worth of converters. I will also by them if you want to ship them. Thx! Most buyers will grade the BMW cat as exotic, or possibly extra large foreign if they don’t have an exotic category.

Why do people steal catalytic converters?

Catalytic Converter theft has become popular because of their value, relative ease to steal (unbolt or cut out), and their lack of identifying markings. … Thieves take the stolen Catalytic Converters to metal recyclers. The recyclers pay up to $120 for some converters for the precious metals inside them.

How much rhodium is in a catalytic converter?

In recent car catalytic converters, Pt concentration ranges from 300 to 1000 μg·g−1; for Pd, the concentration ranges from 200 to 800 μg·g−1; and for rhodium, they vary from 50 to 120 μg·g−1.

What precious metals are found in catalytic converters?

The catalyst component of a catalytic converter is usually platinum (Pt), along with palladium (Pd), and rhodium (Rh). All three of these platinum group metals, or PGMs, are extremely rare but have a broad range of applications in addition to catalytic converters.

Why are Prius catalytic converters being stolen?

These thefts occur in older Prius cars built by 2011 due to a rise in the value of precious metals found in converters in hybrids. They are targeted because they have two power sources — an electric motor and a gas engine — so their converters are used less frequently to process pollutants.