Welcome to the Scrap Gold Calculator, a (hopefully) useful tool brought to you by the Australian Coin Collecting Blog. You can use this tool to determine the gold bullion value of any scrap gold by mass given that you know the fineness of the gold. This could include gold coins, gold jewelery, broken jewelery, gold bars, gold ingots, or even gold nuggets. To make use of the calculator all you need to do is weigh the gold, enter the fineness into the calculator (or select it from the dropdown box) and then type in the mass of the gold in grams, ounces, or troy ounces. The calculator will then automagically calculate the bullion value of your scrap gold using the latest gold price and currency exchange rates. Please make sure to read the paragraph entitled "Precautions before you use the Scrap Gold Value Calculator" at the end of this page before you use the calculator.
|Current Gold Price per Troy Ounce:||USD $1,291.99||GBP £1,004.33||CAD $1,711.52||EUR €1,133.04||AUD $1,800.54|
|Current Gold Price per Gram:||USD $41.54||GBP £32.29||CAD $55.03||EUR €36.43||AUD $57.89|
Gold coins are an easy and usually inexpensive method of holding gold bullion. To use the calculator to determine the bullion value of your gold coins simply sort your coins into groups by fineness (for example gold sovereigns are 22 carat). Weigh the groups on scales and then enter the total weight in grams, ounces, or troy ounces and the gold fineness into the calculator. The current bullion value will then be displayed. Here are some typical gold bullion coins and their fineness.
It's not unusual to have broken jewelery lying around or old (and out of fashion) rings and gold chains. Sometimes these can be worth more as gold than as pieces of jewelery. Typically caratages found in jewelery are 9ct (from the UK and Europe), 10ct, 12ct, 14ct, 15ct, 18ct, and 22ct. 14 carat is the most common in the USA and anything less than 10ct cannot legally be called gold there. 22ct jewelery is uncommon because of the softness of the metal. To determine the purity of gold jewelery you should look for a caratage stamp (perhaps 18K or 18ct), a millesimal fineness stamp (like 900), or a hallmark. If none of this is apparent then you may need to test the gold for fineness using a test kit or take the items to a jeweller who will be able to do this for you.
There's some things you should probably think about before you make use of this calculator: