What are catalytic converters, and why are they worth stealing?
Catalytic converters are devices that reduce pollution-causing emissions. Since 1975, all vehicles produced in the United States must have a catalytic converter as part of the exhaust system. The precious metals inside act as catalysts; when hot exhaust enters the converter, a chemical reaction occurs that renders toxic gases, such as carbon monoxide and hydrocarbons, into less harmful emissions. Stolen catalytic converters are sold to scrap yards for around $100 to $150, and when you consider the current prices for precious metals you can understand the demand. Rhodium sells for roughly $9,500 an ounce, while platinum pays at about $2,000. Meanwhile, victims of catalytic converter theft are left to deal with the aftermath. There’s the hassle of a vehicle that can’t be safely driven, and the impact that has on your business. There’s the high expense of having it towed to a local repair shop. And replacement of catalytic converters can run anywhere from $300 to $1,000, depending on the
