How is gold melt value calculated?

Gold melt value is calculated by multiplying the weight (in troy ounces) by the gold purity (karat/24) and then by the current spot price. For example, 10 grams of 14K gold = (10g ÷ 31.1035) × (14/24) × spot price.

What is the difference between 14K and 18K gold?

14K gold contains 58.5% pure gold (14/24), while 18K gold contains 75% pure gold (18/24). Higher karat gold has more pure gold content and therefore a higher melt value per gram.

What is sterling silver purity?

Sterling silver is 92.5% pure silver (.925), making it the standard for silver jewelry. Fine silver is 99.9% pure (.999), while coin silver (used in pre-1965 US coins) is 90% pure (.900).

How much is my scrap gold jewelry worth?

Scrap gold value depends on weight, purity (karat), and current spot price. Dealers typically pay 70-90% of melt value. Use the melt calculator to find the base melt value, then expect to receive a percentage of that when selling.

How is gold melt value calculated?

Gold melt value is calculated by multiplying the weight (in troy ounces) by the gold purity (karat/24) and then by the current spot price. For example, 10 grams of 14K gold = (10g / 31.1035) x (14/24) x spot price.

What is the difference between 14K and 18K gold?

14K gold contains 58.5% pure gold (14/24), while 18K gold contains 75% pure gold (18/24). Higher karat gold has more pure gold content and therefore a higher melt value per gram.

What is sterling silver purity?

Sterling silver is 92.5% pure silver (.925), making it the standard for silver jewelry. Fine silver is 99.9% pure (.999), while coin silver (used in pre-1965 US coins) is 90% pure (.900).

How much is my scrap gold jewelry worth?

Scrap gold value depends on weight, purity (karat), and current spot price. Dealers typically pay 70-90% of melt value. Use this calculator to find the base melt value, then expect to receive a percentage of that when selling.

What is a troy ounce?

A troy ounce is the standard unit for measuring precious metals. One troy ounce equals 31.1035 grams, which is slightly heavier than a regular (avoirdupois) ounce at 28.35 grams. All precious metal spot prices are quoted per troy ounce.

What are war nickels?

War nickels are US five-cent coins minted from 1942-1945 that contain 35% silver. During World War II, nickel was needed for the war effort, so the mint used a silver-copper-manganese alloy instead. These coins are marked with a large mintmark above Monticello.

Gold & Silver Melt Value Calculator

Calculate scrap gold and silver jewelry values using live spot prices

Input

Weight

Unit

Purity (Karat)

Troy ounce (oz t) = 31.1035g

Karat = gold purity (24K = 99.9%)

Melt Value

Total Melt Value

$0.00

1 Grams of 24K gold

Weight

0.0322

troy oz

Purity

24.0K

100.0%

Pure Metal

0.0322

troy oz

Spot Price

$0.00

per oz t

Gold Karat Melt Values: 10K to 24K
1 g

Frequently Asked Questions About Melt Values

How is gold melt value calculated?: Gold melt value is calculated by multiplying the weight (in troy ounces) by the gold purity (karat/24) and then by the current spot price. For example, 10 grams of 14K gold = (10g / 31.1035) x (14/24) x spot price.
What is the difference between 14K and 18K gold?: 14K gold contains 58.5% pure gold (14/24), while 18K gold contains 75% pure gold (18/24). Higher karat gold has more pure gold content and therefore a higher melt value per gram.
What is sterling silver purity?: Sterling silver is 92.5% pure silver (.925), making it the standard for silver jewelry. Fine silver is 99.9% pure (.999), while coin silver (used in pre-1965 US coins) is 90% pure (.900).
How much is my scrap gold jewelry worth?: Scrap gold value depends on weight, purity (karat), and current spot price. Dealers typically pay 70-90% of melt value. Use this calculator to find the base melt value, then expect to receive a percentage of that when selling.
What is a troy ounce?: A troy ounce is the standard unit for measuring precious metals. One troy ounce equals 31.1035 grams, which is slightly heavier than a regular (avoirdupois) ounce at 28.35 grams. All precious metal spot prices are quoted per troy ounce.
What are war nickels?: War nickels are US five-cent coins minted from 1942-1945 that contain 35% silver. During World War II, nickel was needed for the war effort, so the mint used a silver-copper-manganese alloy instead. These coins are marked with a large mintmark above Monticello.