How much is the metal inside a catalytic converter worth?

Catalytic converters contain 3 types of precious metals rhodium, palladium and platinum that can cost up to $20,000 per ounce if sold.

How much is the stuff inside a catalytic converter worth?

Nowadays, rhodium price per gram is around $287. Although the quantities vary by model, on average, only one standard catalytic converter contains about 3-7 grams of platinum, 2-7 grams of palladium, 1-2 grams rhodium. That provides serious gains when tons of scrap catalytic converters are recovered.

How much precious metal is in a catalytic converter?

According to Waste Advantage Magazine, the average catalytic converter contains from three to seven grams of platinum, from two to seven grams of palladium, and from one to two grams of rhodium.

Can you scrap the inside of a catalytic converter?

The safest and most effective way of recycling catalytic converts is to take them to a scrap metal yard/metal recycling provider or arrange for collection.

What is inside a catalytic converter that thieves want?

Reported catalytic converter thefts increased by 325% between 2019 and 2020. The reason for stolen converters is the explanation behind any theft — money. The rhodium, palladium and platinum used in these parts are valuable, and rhodium can go for $20,000 per ounce, according to the National Insurance Crime Bureau.

How Much Is A Catalytic Converter Worth? Scrap Recycling Guide

What car has the most valuable catalytic converter for scrap?

What cars have the most valuable catalytic converters for scrap?

The Prius is not only one of the most popular hybrids on the road, but hybrid vehicles tend to have more valuable catalytic converters than conventional gasoline vehicles.

What is the highest scrap value of a catalytic converter?

This varies by car and the condition of your catalytic converter. Still, on average, scrap catalytic converters are worth between 300 $ to 1500 $ when sold as scrap at your local wrecking service.

How much gold is in a catalytic converter?

Catalytic converters contain Platinum, Rhodium and Palladium. However, there is no gold in catalytic converters.

What does rhodium look like?

Rhodium metal is lustrous and silvery white. Rhodium has a higher melting point and lower density than platinum. It has a high reflectance and is hard and durable. Upon heating it turns to the oxide when red and at higher temperatures turns back to the element.

How much platinum is inside a catalytic converter?

Although the quantities vary by model, on average, only one standard catalytic converter contains about 3-7 grams of platinum, 2-7 grams of palladium, 1-2 grams rhodium.

What cars are hardest to steal catalytic converter?

American cars such as Jeep, Chrysler, Ford, Dodge, and Chevrolet are least likely to be targeted as they have less valuable converters. Nissan, Mazda, Subaru, and Hyundai also limit the amount of precious metals used in the converter designs.

What's the most stolen catalytic converter?

The common consensus seems to be that the Prius, Tacoma, Lexus SUVs, and the Accord are some of the most targeted cars for catalytic converter theft. So if you own one of these, make sure your car is locked up safe and sound.

What are the easiest catalytic converters to steal?

How to get the most money for catalytic converter?

In short, scrap yards are your best bet for selling your catalytic converter because they will focus on the value of the metals in your cat, not your cat as an auto part.

How much does it cost to scrap a catalytic converter on a Ford F150?

What is this? In general, many organizations will pay between $200 and $750. Much of this price comes from the platinum in the converter, so an in-tact or newer F150 catalytic converter will scrap for more.

How much is an ounce of palladium?

The price shown is in U.S. Dollars per troy ounce. The current price of palladium as of February 10, 2023 is $1,464.00 per ounce.

What catalytic converter has the most rhodium in it?

The Toyota Prius is one of the most targeted vehicles for catalytic converter theft because it contains more rhodium, palladium and platinum than any other vehicle and is worth approximately $2,000.

What does palladium look like?

Palladium's lustrous silver-white color makes it an attractive choice for jewelry. Whiter than platinum, palladium does not need to be plated in rhodium or other alloys.

Why do homeless steal catalytic converters?

Why are catalytic converters stolen? The three precious metals that are commonly used in catalytic converters — platinum, palladium and rhodium — sell for high prices, making them an appealing target for theft.