Scrap Gold Value Calculator

Estimate the melt value of your scrap gold, silver, and platinum. Calculate what refiners and buyers will pay for your precious metal items.

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Understanding Scrap Gold Value

Scrap gold value is determined by three factors: weight, purity (karat), and the current gold spot price. The melt value represents the worth of the pure gold content, but buyers typically pay a percentage below melt value to cover refining costs and profit margin.

Online refiners generally offer the best rates (85-95% of melt value) because they process large volumes efficiently. Local jewelers typically pay 65-80%, while pawn shops and "cash for gold" stores often pay only 40-60%. Shipping to an online refiner is usually insured and free for larger lots.

Before selling, consider whether your jewelry has value beyond its metal content. Designer pieces, antique jewelry, and items with significant gemstones may be worth more sold as jewelry than as scrap. Get an appraisal for any piece you suspect might have collectible or artistic value.

Frequently Asked Questions

How much is scrap gold worth?
Value depends on weight, karat purity, and spot price. For example, 10g of 14K gold at $2,000/oz has a melt value of about $376. Buyers pay 70-90% of melt, so expect $263-$339.
Where should I sell scrap gold?
Online refiners pay the most (85-95% of melt). Local jewelers pay 65-80%. Pawn shops and cash-for-gold stores pay 40-60%. Always get multiple quotes and know the current spot price before selling.
How do I know what karat my gold is?
Look for stamps: 375 (9K), 417 (10K), 585 (14K), 750 (18K), 916 (22K), 999 (24K). If unmarked, a jeweler can test with acid, electronic tester, or XRF analysis. Never assume unmarked gold is a specific karat.