Scrap gold calculator
Broken chains, single earrings and old gold still have full metal value. Sort by hallmark, weigh each pile and add them together here.
Your items
Sort the gold into piles by hallmark, weigh each pile and add it here.
Total metal value
24,50 g in total · 13,06 g pure gold
The larger the total quantity, the better the percentage you can usually negotiate. Ask for the weight and purity to be written down for each pile before the gold disappears into a bag.
The value of your total pile over time
- Lowest
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- Highest
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- Average
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- for the period
- Volatility
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- standard deviation
How the scrap gold value is calculated
Scrap gold is valued only by its pure gold content. A 10 g chain in 14 carat (585) contains 5.85 g of pure gold, while 10 g of 18 carat (750) contains 7.5 g. That is why the most important step is to sort your items by hallmark before weighing them.
Step by step
- Find the stamp on each item – usually three digits such as 375, 585 or 750, or a karat mark like 14K.
- Make one pile per purity and weigh each pile on a scale with two decimals.
- Enter each pile as a line in the calculator above. It uses today's live spot price.
- Compare the total with the payout percentage a buyer offers – the calculator shows the value at different payout levels.
Why buyers pay less than spot
The buyer must melt, assay and refine the metal and sell it on to a refinery. Each step costs money, so the buyer deducts a spread. For small amounts the spread is larger; for 50 g or more you can usually negotiate a better rate. Always ask for the price per gram for each purity and the total in writing.
Common mistakes
Do not let a buyer weigh everything together as the lowest purity, remember to remove stones and steel parts, and be aware that gold-plated (GP, GF, HGE) items have almost no gold value. Check the price on this page on the day you sell – the gold price can move several percent in a week.
Questions and answers
What is scrap gold?
Scrap gold is any gold sold for its metal value: broken chains, single earrings, old rings, dental gold and jewellery you no longer use. It is melted down, so design and condition do not affect the price.
How is the scrap gold price calculated?
For each purity, the weight is multiplied by the fineness and today's spot price per gram of pure gold. The amounts are added up and the buyer deducts a spread; the deduction depends on the specific offer.
Which purities can I mix?
All of them. The calculator handles 8 to 24 carat. Weigh each purity separately and enter it as its own line to get the correct total value.
What if my gold has no stamp?
Do not assume a fineness. Ask a jeweller or buyer to test the item, then calculate using the documented result.
How much does a buyer usually pay?
There is no guaranteed percentage. Compare written net offers after all fees with the metal value calculated at the same time.
Do I pay tax when selling old jewellery?
Selling private personal items such as jewellery is generally tax-free in Denmark. Different rules may apply to large trades in investment gold.