How to Use the Calculators

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What the calculators do:

Our calculators help you estimate the melt value of your precious metals quickly and accurately. Here's how they work:

• They automatically subtract the weight of any non-precious metal content from the total weight you enter.
   
• The remainder is assumed to be .999 pure precious metal (the highest practical purity).
   
• This pure metal weight is converted to troy ounces and multiplied by the current spot price to give the gross melt value.
   
• The gross melt value represents the raw metal value before any fees or dealer premiums.
   

If you'd like to see the net value (after fees or profit/loss margins), enter a percentage into the Profit/Loss input box. This will show your estimated final amount after applying that percentage.

• Buying: Dealers often charge a premium above the spot price when selling coins or bullion.
   
• Selling: Buyers may offer less than the spot price by deducting a percentage (e.g., 90% of spot price).
   
• Use the Profit/Loss box to adjust values based on these premiums or discounts.
   

Suppose you have 20 sterling silver forks, each weighing 24 grams (total 480 grams).

• Sterling silver is 92.5% pure silver.
   
• On the calculator, select grams as the weight unit.
   
• Enter 480 into the weight box and click Calculate.
   
• The calculator subtracts the 7.5% non-silver content and calculates the melt value for the pure silver portion.
   

Suppose you have:

• A broken 14K gold chain weighing 37 grams.
   
• A 10K gold ring weighing 17 grams.
   

Important: Keep weights for different karats separate.

• For the chain, select grams and 14K purity.
   
• Enter 37 and click Calculate.
   
• For the ring, select grams and 10K purity.
   
• Enter 17 and click Calculate.
   

The calculator shows the melt value of the pure gold portion of each item.

If a dealer pays 90% of spot price, enter -10 in the Profit/Loss box to see your expected payout after the 10% deduction.

• Use an accurate scale that measures to at least 0.01 grams (1/100 gram).
   
• Precision is especially important for scrap gold and platinum.
   
• Separate your items by purity level before weighing.
   

1. Separate your items by purity (e.g., 10K, 14K, 18K).
    
2. Weigh each group accurately.
    
3. Enter the spot price (use the current spot price shown or your own).
    
4. Select the weight unit (grams, grains, ounces).
    
5. Select the purity of the group.
    
6. Enter the weight.
    
7. Click Calculate to get your values.
    

1. Count how many coins you have of each type.
    
2. Enter the spot price (current or custom).
    
3. Select the coin type.
    
4. Enter the number of coins.
    
5. Click Calculate.
    

If you need help or have questions about your results, please contact Midwest Gold Refinery — we're here to help you get the best value for your precious metals.

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