S1·E26 All That Glitters

In this retelling of "The Midis Touch", Dr. Smith gains the power to turn anything into platinum. Penny is given a gift by a thief on the run, who tells her to protect it for him. She and Dr. Smith discover that it leads them to a ring which, when worn, allows the person to turn anything to platinum, which Dr. Smith does and enjoys. However, when it turns even his food to platinum, he is unable to remove the ring, which is now a solid bar. He leaves the camp as he fears turning everything into platinum, and he will eventually starve to death. A galactic lawman is on the trail, looking for the stolen device to use for his own nefarious purposes.