Scrap Silver Calculator

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Scrap Silver Value Calculator

Grams (g) Troy Ounces (oz t) Kilograms (kg) Standard Ounces (oz)
99.9% (Fine Silver) 95.8% (Britannia) 92.5% (Sterling Silver) 90.0% (US Coin Silver) 80.0% (Canadian Silver) 50.0% (British Post-1920)
Total Weight (Troy Ounces): 0.00
Pure Silver Content (Troy Oz): 0.00
Market Value (100% Spot): $0.00
Estimated Payout: $0.00

How to Calculate Scrap Silver Value

Calculating the value of your scrap silver requires three primary pieces of data: the total weight, the purity of the metal, and the current market "spot" price of silver. Unlike standard retail items, silver is traded based on its weight in Troy Ounces, which is different from the standard kitchen ounce.

To use this calculator effectively, follow these steps:

  • Identify the Hallmarks: Look for stamps like "925" (Sterling), "900" (Coin), or "999" (Fine).
  • Weigh Your Items: Use a digital scale to get the weight in grams or ounces. Ensure you are only weighing the metal, not gemstones or glass inserts.
  • Check Spot Price: Silver prices fluctuate minute by minute. Enter the current per-ounce price.
  • Account for Fees: Scrap dealers and refiners typically pay 70% to 90% of the spot price to cover melting and business costs.

Common Silver Purity Levels

Type Fineness Common Uses
Fine Silver .999 Bullion bars and rounds
Sterling Silver .925 Jewelry, silverware, flatware
Coin Silver (US) .900 Dimes, Quarters, Halves (Pre-1965)
Mexican Silver .950 Artistic jewelry and plate

Calculation Example

If you have 100 grams of Sterling Silver (.925) and the spot price is $25.00:

  1. Convert grams to Troy Ounces: 100g / 31.1035 = 3.215 ozt.
  2. Calculate pure silver: 3.215 * 0.925 = 2.974 ozt of pure silver.
  3. Calculate market value: 2.974 * $25.00 = $74.35.
  4. After a 15% dealer fee ($74.35 * 0.85), your payout would be approximately $63.20.
function calculateSilverValue() { var weight = parseFloat(document.getElementById('silverWeight').value); var unit = document.getElementById('weightUnit').value; var purity = parseFloat(document.getElementById('silverPurity').value); var spot = parseFloat(document.getElementById('spotPrice').value); var fee = parseFloat(document.getElementById('dealerFee').value); if (isNaN(weight) || isNaN(spot) || weight <= 0 || spot <= 0) { alert("Please enter valid positive numbers for weight and spot price."); return; } if (isNaN(fee)) fee = 0; // Conversion factors to Troy Ounces var troyOz; if (unit === "grams") { troyOz = weight / 31.1034768; } else if (unit === "troyoz") { troyOz = weight; } else if (unit === "kg") { troyOz = weight * 32.1507; } else if (unit === "oz") { troyOz = weight * 0.911458; } var pureContent = troyOz * purity; var marketValue = pureContent * spot; var payout = marketValue * (1 – (fee / 100)); // Display Results document.getElementById('resTroyOz').innerText = troyOz.toFixed(3); document.getElementById('resPureContent').innerText = pureContent.toFixed(3); document.getElementById('resMarketVal').innerText = "$" + marketValue.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resFinalPayout').innerText = "$" + payout.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('silverResults').style.display = 'block'; }

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