Silver Scrap 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
5,709.97
Precious Metal Melt Value Calculator
Melt value
7,137.47
Fine metal fraction
0.925000
Gross weight
100.0000 g
Fine metal content
92.5000 g
Fine metal content
2.97394 ozt
Price per gram of fine metal
77.1618
Melt value per gram of item
71.3747
Basis
100 g gross at 925 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 0.925 = 92.5 g.
  3. Fine metal = 92.5 g / 31.1034768 g per troy ounce = 2.97394 ozt.
  4. Melt value = 2.97394 ozt x 2400 = 7137.47.
  5. Offer at 80% of melt = 7137.47 x 0.8 = 5709.97.

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