Sterling Silver Calculator
Calculate the scrap melt value of sterling silver items. Input weights in grams or troy ounces based on current silver spot prices.
Interactive Calculator
1. Provide Details
$
2. Output Results
Pure Silver Weight (ozt)2.974 ozt
Pure Silver Weight (g)92.50 g
Est. Raw Scrap Melt Value89.22 $
How to Calculate: Formula & Steps
Multiplies total weight by 0.925 (the purity of sterling silver) to find fine silver weight, then multiplies by the market spot price.
Formula Used:
Value = Weight * 0.925 * Spot Price per unitStep-by-Step Calculation Example
100 grams of sterling silver with spot price at $30/oz is worth approximately $89.22 in melt value.
Common Mistakes to Avoid
- Confusing standard ounces (28.35g) with troy ounces (31.10g) which are used for metal pricing, leading to incorrect value estimates.
Practical Use Cases
- Selling scrap silverware or jewelry
- Valuing vintage silver collections
Expert Tips
- Scrap dealers rarely pay 100% of melt value. Expect offers between 75% to 90% of the scrap value calculated here.
Frequently Asked Questions About Sterling Silver Calculator
What is sterling silver purity?
Sterling silver has a standard purity of 92.5% pure silver mixed with 7.5% copper or other metals for durability.
How many grams are in a troy ounce?
Precious metals are weighed in troy ounces. One troy ounce equals exactly 31.1035 grams.
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