What is a Scrap Silver Calculator?

A Scrap Silver Calculator calculates the intrinsic melt value and estimated cash payout of silver items based on their total weight, purity grade, current market spot price, and dealer commission percentage.

Common Silver Purity Grades

Fine Silver (.999 / 99.9%): Used in silver bullion bars and sovereign coins.
Sterling Silver (.925 / 92.5%): Standard purity for silver jewelry, flatware, and tableware.
Junk / Coin Silver (.900 / 90.0%): Pre-1965 US circulating silver coins (dimes, quarters, half dollars).
European Silver (.800 / 80.0%): Common in vintage continental silverware and decorative items.

Formula for Scrap Silver Melt Value

$$\text{Melt Value} = \text{Pure Silver Weight (ozt)} \times \text{Silver Spot Price (\$/ozt)}$$

Where pure silver weight is obtained by multiplying total item weight by purity fraction (e.g. 0.925 for sterling silver).

Frequently Asked Questions

How many grams are in a troy ounce of silver?

There are exactly 31.1034768 grams in 1 troy ounce (ozt), compared to 28.3495 grams in a standard avoirdupois ounce (oz).

Why do dealers pay less than full melt value?

Dealers deduct margins (typically 10% to 20%) to cover refining costs, processing fees, freight, and business profits.

What is sterling silver worth per gram?

Sterling silver melt value per gram equals 92.5% of the silver spot price divided by 31.1035.

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Scrap Silver Calculator

What is a Scrap Silver Calculator?

Common Silver Purity Grades

Formula for Scrap Silver Melt Value

Frequently Asked Questions

How many grams are in a troy ounce of silver?

Why do dealers pay less than full melt value?

What is sterling silver worth per gram?

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