Gold & Scrap Gold Price Calculator

Appraise the fair meltdown value of gold jewelry, bullion, and scrap items. Input weights in grams or ounces, select purity karats, and apply custom refiner payout ratios.

This scrap-gold page is tuned for melt-value and dealer payout estimates. Use the payout ratio to model refiner fees, assay costs, pawn-shop spreads, or local buyer discounts.

Scrap buyers typically pay 70% to 95% of pure gold value.

Appraisal Value Results

$2,408.29

Estimated Refine Payout (85%)

75%Pure Gold
Net Fine Gold Weight37.50 g (1.206 ozt)
Gross Meltdown Value$2,833.28
Dealer Discount margin-$425

Frequently Asked Questions

What is a Troy Ounce?

A Troy Ounce (ozt) is the standard unit of measurement for precious metals. It is different from a standard kitchen ounce: 1 Troy Ounce equals exactly 31.1035 grams, whereas a standard avoirdupois ounce equals 28.3495 grams.

How is Karat translated to purity percentage?

Karat measures the parts of gold per 24 parts total. Thus, 24K is 99.9% pure gold, 18K is 18/24 = 75% pure gold, 14K is 14/24 = 58.3% pure, and 10K is 10/24 = 41.7% pure.

Why do scrap dealers not pay full market price?

Dealers must cover melting, assaying, refining, and transaction costs, plus their own profit margins. Reliable refiners generally pay between 80% and 95% of the pure gold value, while retail pawn shops may pay much less (50% to 70%).