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Gold CalculatorIf you plan to sell some gold, it helps to know what "meltdown value" is. It has a value determined by its weight and purity. The lowest price you should take for items made of gold is the actual value when it is melted and formed into bars of 24 karat gold.

The gold price listed in newspapers or online is given in troy ounces. Grocery and postal scales measure in avoirdupois ounces. Troy ounces are about 10% heavier. Your jewelry will probably be marked 14K or with another indicator of the purity of the metal. Our calculator does the arithmetic to measure the value changes necessary to go from 10K, 12K, 14K, or 18K gold to 24K, the gold that is made into bars. The only thing the buyer is paying for is the gold. Any mounted stones or other metals do not count and an adjustment is made for them.

Buyers pay a little less than full value because they sell the gold to be melted and, of course, they want to make a profit. Just fill in the blanks and click to learn the value of your items.

Note:
The design, maker, and valuable gems that might be in your jewelry could add value, so a piece may be worth more to someone buying and selling antiques. So ask any local dealer or auction house what they would pay before you consider meltdown value.

 

Comments  

#1 How much less is reasonable?charlysmom 2012-01-19 18:53
Hi-Thank you for the gold scrap calculator and information. I have a question regarding how much less by percentage is reasonable for a buyer of your scrap gold to pay for it? I weighed my scrap gold and calculated it to be worth $535. and yesterday a jeweler offered me only $220. for all of it! I declined to sell it to her because I felt that was too low but what percentage less would be a fair and reasonable offer for sellers to take? Thank you for any assistance you can give to me.

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