Platinum is amongst the rarest of precious metals on earthy and it’s also very popular in engagement rings and wedding bands today. But did you know that until recent times, it wasn’t always popular in jewelry making. Here’s a quick look at the history of platinum.

  • Platinum was discovered by Julius Caesar Scaliger in 1557, and also by the Conquistadors in the New World in 1590. At the time, it was named platina (little silver) as its discoverers did not realize its durable properties yet.
  • A Swedish assayer named Scheffer is believed to have recognized platinum and its durable properties as the seventh element in 1751.
  • In the 1800s, platinum started to be used for royalty, and by the 1900s, its popularity made it to America.
  • Its use for jewelry was limited during World War II, during which time it was used as a strategic metal.
  • For a period after WWII, platinum lost its popularity for use in jewelry. Over time that perception has changed, especially with designer jewelers such as Tiffany & Co., Cartier and others using platinum in their jewelry designs and settings.
  • In recent times, platinum jewelry has gained incredible popularity again. Platinum jewelry is usually marked with the PT or PLAT symbol in America and 950 or PT950 in Europe.

Working with Pawngo

Platinum jewelry and precious metals can be used as assets for collateral loans and jewelry loans with Pawngo. Getting started with us is as easy as visiting our website, filling out an application, and providing us information about your assets. To learn more about Pawngo visit https://pawngo.com/ or call 1-866-499-2363.

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