Scrap gold and silver calculator at today's price
Enter the weight and fineness of each lot of scrap and see how much pure metal it holds, what that is worth at today's market price and what to pay or accept at the percentage you work with. In dollars or pesos.
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Scrap quote
Weigh the scrap without stones and sort it by fineness.
Of the pure metal value. 70 to 90 % is common.
USD 943.59
80 % of USD 1,179.49, the value of 8.875 g of pure gold at today's price.
- Metal value
- USD 1,179.49
- Pure metal
- 8.875 g
- Scrap weight
- 16.50 g
- Quote per gram of scrap
- USD 57.19
By lot
| Lot | Weight | Fineness | Pure | Quote |
|---|---|---|---|---|
| 1 | 12.00 g | 14K | 7.000 g | USD 744.24 |
| 2 | 4.50 g | 10K | 1.875 g | USD 199.35 |
How to value scrap gold or silver
- 1.Choose gold or silver.
- 2.Sort the scrap by fineness, weigh each lot without stones and enter its weight and karat or fineness.
- 3.Check the pure metal price: today's comes filled in, and you can enter your own.
- 4.Enter the percentage of the metal value you pay, if buying, or are offered, if selling.
- 5.Read the metal value and the final quote, in total and per lot.
How scrap value is worked out
Scrap is worth its pure metal. A gram of 14K gold holds 0.583 g of fine gold, so it is worth 58.3 % of the pure gold price per gram. Sterling .925 silver is 92.5 % silver.
Nobody pays 100 % of that value: the buyer has to melt, assay and refine the metal, and carries the risk that it is not the fineness it claims. So buyers pay a percentage, usually between 70 and 90 % depending on volume and karat.
Before weighing, remove stones, pearls and anything that is not precious metal, like steel clasp springs. If in doubt about the fineness, test it with a touchstone and acids; a stamp is not always honest.
The reference price is today's international quote converted to your currency. If your refiner pays on a different price, enter it in the calculator.
Frequently asked questions
What is a gram of 14K scrap gold worth?
58.3 % of the pure gold price per gram, less whatever percentage the buyer keeps. The calculator gives you both figures at today's price.
What percentage do buyers pay for scrap gold?
Typically between 70 and 90 % of the metal value. Pawn shops and counter buyers sit lower; refiners buying volume sit higher.
How do I know what karat my gold is?
Look for the stamp: 10K, 14K, 18K or the fineness in thousandths (417, 585, 750). With no stamp or any doubt, a jeweler can test it with a touchstone and acids in minutes.
Is .720 coin silver valued the same way?
Yes, by its pure silver content: 72 % of its weight. Coins with numismatic value can be worth more than their metal.
Why am I not paid the price I see in the news?
The news quotes a troy ounce of pure gold. Your piece contains alloy, has to be melted and refined, and the buyer needs a margin. That gap is the percentage.