Scrap Gold vs Melt Value Explained
Scrap gold value starts with the metal content, but the offer you receive can be lower because buyers still have refining costs, risk, and margin to cover.
Open Scrap Gold Calculator
Scrap gold pricing usually starts with pure gold content. The calculator estimates that content from weight and karat, values it using a spot price, then shows how a dealer or refining deduction can reduce the likely payout.
Use the calculators: Estimate a realistic offer range with the Scrap Gold Calculator, or check raw metal value with the Gold Calculator.
Spot value vs melt value
Spot value is the theoretical value of the pure gold content using the spot price you enter. Melt value is the practical metal-content value before buyer deductions. In a simple estimate, those two numbers may be the same before fees.
Why payout is usually lower
- Buyers may deduct for testing, refining, handling, and margin.
- Market prices can move between the estimate and the actual sale.
- Lower dealer fees usually move the payout closer to melt value.
- A calculator estimate is a benchmark, not a guaranteed quote.
How to compare offers
Compare the offer with the estimated melt value and the implied fee. If two buyers use the same gold price basis, the buyer with the lower deduction will usually produce the higher payout.
Scrap payout is usually below melt value because buyers apply deductions after valuing the pure gold content.
Use the tool instead
Use the matching calculator when you want to plug in your own numbers and get a result faster.
Open Calculator