Melt Calculatorby PlainsMadeCo
Silver $52.65 Gold $4,046.80 Spot from xaus.com, updated Nov 10, 10:54 PM CST
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Bars, rounds and scrap

Bar, Round and Scrap Melt Calculator

For anything sold by weight: silver bars and rounds, gold bars, sterling flatware or karat gold jewelry. Enter the weight and purity and get the metal value.

Melt value
$525.97
Pure metal
9.9900 oz

Units

Precious metals are weighed in troy ounces. One troy ounce is 31.1034768 grams, a little heavier than a kitchen ounce. A pennyweight (dwt) is 1/20 of a troy ounce and is common for jewelry scrap.

A bar stamped "10 oz .999" holds 9.99 oz of pure silver. Dealers usually price .999 bars and rounds on the stamped weight plus or minus a premium.