Scrap Gold Calculator

Formatting only. This does not change the calculation.
This engine ships no price data. Enter the current quote for this metal in your own currency; the answer is in that same currency.
Total gross weight of the item or lot, before purity is applied.
Used only when valuing by face value. Assumes uncirculated weights; worn coins hold slightly less.
Scrap buyers typically pay well under 100% of melt. Enter the percentage you are quoted.
Value at the payout entered
3,600.88
Precious Metal Melt Value Calculator
Melt value
4,501.10
Fine metal fraction
0.583333
Gross weight
100.0000 g
Fine metal content
58.3333 g
Fine metal content
1.87546 ozt
Price per gram of fine metal
77.1618
Melt value per gram of item
45.0110
Basis
100 g gross at 583.33 parts per thousand fine
Worked out from NIST Special Publication 811, Guide for the Use of the International System of Units - the 1959 international yard and pound agreement fixes 1 grain = 64.79891 mg exactly, so 1 troy ounce = 480 grains = 31.1034768 g and 3 other sources.
The spot price you entered is the only price used. It carries no dealer spread, refining charge or assay, and the result is not a quote.
A metal-content valuation only. It uses the spot price you enter, applies no bid/ask spread, refining loss, assay, numismatic premium or tax, and is not an offer or an appraisal.

How this is worked out

5 steps
  1. Gross weight = 100 g = 100 g.
  2. Fine metal = 100 g x 0.583333 = 58.3333 g.
  3. Fine metal = 58.3333 g / 31.1034768 g per troy ounce = 1.87546 ozt.
  4. Melt value = 1.87546 ozt x 2400 = 4501.1.
  5. Offer at 80% of melt = 4501.1 x 0.8 = 3600.88.

Results are general information, not financial, tax, legal, medical or engineering advice.