Precious Metals

Gold & Silver Scrap Calculator

Calculate scrap gold and silver value by weight, karat, purity, and live precious metal spot prices.

Formula Verified & Maintained by:David Miller, CPA

CPA, M.S. Finance (NYU Stern) • Lead Financial Analyst & Tax Technology Editor

Peer-Reviewed AlgorithmAudited for 2026 Rules

Interactive Calculator

1. Provide Details

Metal Type

Item Weight (Grams)

Purity / Karat

Spot Price ($ per Troy Oz)

$/oz

2. Output Results

Full Scrap Melt Value$450.08

Estimated Pawn / Dealer Offer (~80%)$360.07

Pure Metal Weight5.83 g

Spot Price per Gram$77.16/g

How to Calculate: Formula & Steps

1 Troy Ounce equals 31.1035 grams. 14k gold contains 58.33% pure gold.

Formula Used:Melt Value = Weight in Grams x (Karat / 24) x Spot Price per Gram

Step-by-Step Calculation Example

10 grams of 14k gold with a $75/gram spot price equals ~$437.50 melt value.

Common Mistakes to Avoid

Confusing Troy Ounces (31.1g) with standard Avoirdupois Ounces (28.35g)
Expecting pawn shops to pay 100% of melt value

Practical Use Cases

Jewelry valuation
Scrap metal trading

Expert Tips

Scrap buyers typically pay 70%-90% of spot melt value.

Disclaimer

This calculation tool is provided for educational and informational estimation purposes only. Results are based on mathematical formulas and user-supplied parameters. They do not constitute formal underwriting, financial, tax, engineering, or legal determinations.