Scrap Gold Value Calculator
Current gold spot price: Unavailable
Scrap Gold Value Calculator
Common Scrap Gold Items
| Item | Karat | Typical Weight | Scrap Value |
|---|---|---|---|
| Class Ring | 14K | 8g | — |
| Necklace Chain | 14K | 15g | — |
| Dental Crown | 16K | 3g | — |
| Gold Watch Case | 10K | 20g | — |
| Bracelet | 18K | 12g | — |
How Scrap Gold Buying Works
When you sell scrap gold, buyers and refiners evaluate your items based on their karat (purity), weight, and the current gold spot price. The karat stamp on your jewelry indicates the gold content: 24K is pure gold, 14K is 58.3% gold, and 10K is 41.7% gold.
Scrap Value = Weight (troy oz) × Purity (karat/24) × Spot Price
Refiners typically offer payouts based on recovery rates of 90–98% of the calculated melt value. The exact percentage depends on the volume you are selling, the refiner’s fees, and current market conditions. Larger lots generally command higher payout percentages.
For example, a 14K class ring weighing 8 grams contains about 0.1500 troy ounces of pure gold. At current spot per troy ounce, its melt value is approximately calculated above. A refiner paying 95% would offer around 95% of that value.