What this calculator tells you
Scrap gold is usually sold below full spot melt value. This multi-item version lets you add rings, chains, coins, and mixed karat lots, then compare full melt value against a realistic buyer payout estimate.
Scrap Gold Melt Value Calculator formula
Scrap estimate = weight in troy ounces x karat purity x gold spot price x payout percentage.
When to use it
- Check a cash-for-gold offer before accepting it.
- Add multiple jewelry pieces with different weights, units, and karats.
- Model 70%, 80%, 90%, or 95% of melt value.
- Print, share, or copy an itemized payout estimate before visiting a buyer.
What to check before relying on the number
- Group items by stamped karat before weighing.
- Gold-filled, plated, and vermeil pieces should not be treated as solid gold.
- A strong offer depends on accurate weight and purity testing.
Common questions
How do you calculate gold melt value?
Convert the item weight to troy ounces, multiply by the gold purity, then multiply by the current gold spot price. For example, 10 grams of 14K gold is 10 / 31.1034768 x 0.5833 x spot price.
Is melt value the same as what a dealer pays?
No. Melt value is the metal content value before dealer spread, refining fees, assay risk, shipping, and business margin. The payout field lets you estimate offers below full melt value.
Why does the calculator use troy ounces?
Precious metals trade in troy ounces, not regular household ounces. One troy ounce equals 31.1034768 grams.
Can I change the spot price?
Yes. Live prices are fetched when available, and the spot price box remains editable so you can model a dealer quote, a delayed price, or your own market assumption.
What is a fair scrap gold payout?
It varies by buyer, lot size, testing confidence, and local competition. Many consumer offers sit below full melt value, so compare several quotes and focus on the percentage of melt value.