Scrap Gold Calculator

Scrap Gold Calculator

Scrap Gold Price Calculator

$

Current Market Value:

$0.00

Average Pawn Shop Offer:

$0.00

Alloy’s Minimum Offer:

$0.00

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Current Gold Prices

Current Gold Prices

Per Gram: $83.32
Per Ounce: $2591.67
Per Kilo: $83325.00
Prices updated in every minute via Metal Price API
Gold Quality Guide

Gold Karat Marking Guide

Gold Markings:
  • 24K: Marked “999” or “24K”
  • 22K: Marked “916” or “22K”
  • 18K: Marked “750” or “18K”
  • 14K: Marked “585” or “14K”
  • 10K: Marked “417” or “10K”

FAQ’s


How do I use the scrap gold calculator?


Just enter your item’s weight and hit calculate. You can weigh your items with a food or postage scale. You can usually find one locally at national retailers if you don’t have one.

If you prefer a free expert appraisal to sell your gold, you can request a free Alloy Appraisal Kit. We include a detailed report including your item’s weight and a purchase offer for your items.

After you hit calculate, we will display the current price for your items, the average pawn shop offer, and Alloy’s offer.

What are the different prices displayed by the scrap gold price calculator?


When you enter your item’s weight, we calculate the value of your item with three separate amounts:

  1. Current market value: spot price refers to the current market price of gold traded for immediate delivery ( AKA on the spot) on the open market, such as the stock market. When selling gold items, receiving 100% of the spot price is not typical.
  2. Average pawn shop offer: Pawn shops can pay as little as 20% of the spot price of gold. Our calculator bases the average pawn shop price at 40% of the market value.
  3. Alloy’s minimum offer: Use our calculator to guarantee a minimum payout of 70% of the spot price on the day we receive your items. Alloy ensures at least 60% of the spot price, with most customers receiving over 80%. Ship your items for a free estimate, and we’ll match the highest offer up to 95% of the spot price—or return your items at no cost. 

Our final offer is determined once your items are mailed using free shipping or dropped off at our headquarters for inspection. We calculate your offer using the spot price of gold on the day we receive your items.

How do I figure out what karat my gold is?


You can use the gold markings guide below to figure out what type of gold you have.

Gold Markings Chart
Gold Markings and Purity Reference Chart
Marking Karat (K) Gold Content (%) Description
999 24K 99.9% Pure gold, often used in bullion or high-value jewelry.
916 22K 91.6% Common in traditional jewelry, especially in India and Asia.
750 18K 75.0% Widely used in fine jewelry; a good balance of purity and durability.
585 14K 58.5% Durable and affordable, popular in the U.S. for everyday jewelry.
417 10K 41.7% The minimum standard for gold in many countries, highly durable.
375 9K 37.5% Common in vintage and lower-cost jewelry, especially in Europe.
Gold Quality Guide

Gold Karat Marking Guide

Gold Markings:
  • 24K: Marked “999” or “24K”
  • 22K: Marked “916” or “22K”
  • 18K: Marked “750” or “18K”
  • 14K: Marked “585” or “14K”
  • 10K: Marked “417” or “10K”

Additional FAQ’s

Yes, gold is valuable in general, and so is scrap gold. While some gold buyers do not commonly buy scrap gold, Alloy buys scrap gold and guarantees to pay a minimum of 60% of the gold spot price for your scrap gold items.

The current market value, or spot price, is the price of gold traded in financial markets. We use this price to determine your offer. It’s common for precious metal buyers to pay less than 100% of the market value for items since gold is typically repurposed for other applications such as healthcare, electronics, and transportation. Therefore, there is a cost associated with processing the gold.

We calculate your offer based on a percentage of the spot price, the weight of your items, and the purity or karat of your gold. For example, 14-karat gold has 58.7% gold content; the rest is comprised of other metals.

14K gold is 58.3% pure since it’s 14 parts gold out of 24. To calculate the price, we would take the current spot price of pure gold (e.g., $60 per gram), multiply it by 58.3% to get the value of 14K gold ($34.98 per gram), then multiply that by our minimum payout which is 60% of the spot price. In this example, you would receive $20.98 per gram for 14K gold when the spot price is $60 per gram.

Remember that our average customer gets an offer higher than 80% of the spot price. If you are not fully satisfied with your offer, we can ship your precious metal items back to you free of charge.

We have a simple three-step process:

  • Request a free insured appraisal kit
  • Ship your items in to get a free no-obligation offer
  • Accept your offer and get paid!

You can learn more about our process by visiting the How It Works page. If you have more questions you can contact us at [email protected] or text/call us at 888-672-1471 to speak with a team member directly to address any of your concerns. You can click here to request your free appraisal kit.

While we do accept gold nuggets of pure 24K, we do not accept unrefined scrap gold such as panned gold, rocks with gold in them or other unrefined gold in other forms. Check out our “Items You Can Sell” page for more details. 

We pay a guaranteed minimum of 60% of the gold spot price. Depending on the quantity and purity of your gold, we can offer more, and our average customer enjoys a payout of over 80% of the spot price of gold. To learn more, please see the FAQ on how we can calculate the value of your scrap gold.

Your payout is determined using the following steps:

1. Purity: The purity of gold is measured in karats (K), with 24K being pure gold. Scrap gold items are often made from alloys that contain other metals, so the purity of the gold content needs to be determined. This can be done using various testing methods, such as electronic testing, acid testing, or X-ray fluorescence (XRF) analysis.

2. Weight: The weight of the scrap gold item is measured in grams or troy ounces. Accurate weighing scales licensed by the State of Pennsylvania are used to determine the precise weight of the gold items, excluding any other materials or stones present in the item.

3. Market price: The current market price of gold is an essential factor in determining the value of gold items. Gold prices fluctuate daily based on supply and demand, economic factors, and global events. Evaluators stay up-to-date with the latest market trends and have pricing data refreshed every 60 seconds to provide industry leading offers.

4. Evaluation: Based on the purity, weight, and current market price of gold, evaluators calculate the value of the gold item. For example, if a gold item has a purity of 18K and weighs 10 grams, the gold content is 7.5 grams (as 18K gold contains 75% gold). The value is calculated by multiplying the weight of the gold (7.5 grams) by the current market price per gram.

At Alloy, we buy all types of gold and precious metals, including bars, coins, and jewelry made of gold, silver, platinum, and palladium. If you have more questions about what types of items we can accept, you can contact us at [email protected] or text/call us at 888-672-1471 to speak with a team member directly to address any of your concerns

Yes, the price in the scrap gold value calculator is updated every 60 seconds.

Scrap Gold Items You Can Sell

Not sure if we accept your item? Get in touch!

Scrap gold calculator coin items you can sell
Coins
scrap gold calculator prices for gold bars you can sell
Bars & Bullion
Rings
Bracelets
Chains
Watch Bands
Dental Crowns
Flatware Sets
Class Rings
Pendants
Earrings
Charms
Brooches
Pocket Watches
Cigarette Cases
Mirror Cases
Pure Silver Coins
Bars
Necklace & Chains
Jewelry
Rings
Bars
Rings
Necklace
Scrap Wires
Crucible
Bars
Rings
Jewelry
Scrap Wires
Crucible
Coins
Bars & Bullion
Rings
Bracelets
Chains
Watch Bands
Dental Crowns
Flatware Sets
Class Rings
Pendants
Earrings
Charms
Brooches
Pocket Watches
Cigarette Cases
Mirror Cases
Bars
Rings
Coins
Jewelry
Flatwares
Pure Silver Coins
Bars
Necklace & Chains
Jewelry
Rings
Bars
Coins
Jewelry
Rings
Crucible
Scrap Wires

Sell Dental Scrap!

We Also Buy Scrap Dental Gold

Selling scrap dental can be a lucrative way to make extra cash, as it often contains a high percentage of gold.

If you have old dental gold lying around, consider selling it to the Alloy Market. You’ll get a guaranteed best price offer.

Getting An Estimate For Your Scrap Gold Is As Easy
1, 2, 3!

Just three steps to get started with no commitments, $25K of insurance, and free returns.

Getting An Estimate For Your
Scrap Gold Is As Easy
1, 2, 3!

Just three steps to get started with no commitments, $25K of insurance, and free returns.

How It Works

Claim Your Free Alloy Appraisal Kit

You’ll receive your free Alloy Appraisal Kit in the mail in around five business days.

We Evaluate Your Scrap Gold Items

An expert from our appraisal team will utilize the latest X-Ray fluorescence technology and acid testing to assess the purity of your items.

Accept Your Offer

You’ll receive an industry-best offer immediately after our experts appraise your gold.

Why Alloy

As a customer, you’ll have little stress and receive the largest payout.

Others Online Buyers
  • No instant estimates
  • Confusing and long process
  • Reputation concerns
  • Inconsistent payouts
  • Accurate instant estimates
  • Free shipping & insurance
  • Video recorded unboxing
  • Industry-best cash offer
Store Buyers
  • Negotiation required
  • Poor and challenging experience
  • Low payouts
  • Intimidation tactics

Trustworthy & Newsworthy

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Highest
Payouts

Industry-best payouts are lightning fast and guaranteed to beat any competitor online or in-store.

100%
Transparent

Our experts present you with a free and detailed no-obligation offer before you accept.

Quick &
Easy

It’s never been easier to get paid for your items. Getting started takes less than two minutes!

Satisfaction Guaranteed

Work with a dedicated Alloy Advisor assigned to your order to get human support from beginning to end.

Request A Free Appraisal Kit For Your Scrap Gold

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