Scrap Gold Value Calculator
Enter weights by purity for live UK prices
Purity Levels Explained
- 9ct: 37.5% pure gold, common in fashion jewellery
- 14ct: 58.5% pure, balances durability and value
- 18ct: 75% pure, premium for finer pieces
- 22ct: 91.7% pure, sovereign coins and high-end
- 24ct: 99.9% pure, bullion standard
How It Works
- Weigh scrap in grams using precise scales
- Identify hallmarks for carat (stamped on items)
- Enter values; calculator multiplies by live spot GBP/gram × purity × 97% melt factor
- Result shows payout estimate before postage/assaying
Frequent Questions
- What affects final payout? Assaying confirms purity/weight; market volatility applies.
- Dental gold or coins? Yes, if hallmarked; exclude plated items.
- Minimum amount? Typically 10g+ for viability.
- Postage safe? Use insured Royal Mail Special Delivery.
- Taxes? Private sales VAT-free; check CGT for gains.
Karat Comparisons
| Carat | Purity % | Example Items |
|---|---|---|
| 9ct | 37.5 | Rings, chains |
| 14ct | 58.5 | Necklaces |
| 18ct | 75.0 | Earrings |
| 22ct | 91.7 | Sovereigns |
| 24ct | 99.9 | Bars |
Common Errors
- Weighing with chain/clasp: Remove for pure metal weight
- Misreading hallmarks: 375=9ct, 585=14ct, 750=18ct, 916=22ct, 999=24ct
- Forgetting stones: Value gold separately; gems assayed extra
- Plated items: Zero scrap value; test with magnet/acid
References
London Bullion Market Association. (2025). LBMA Gold Price. https://www.lbma.org.uk/prices-and-data/lbma-gold-price
Royal Mint. (2025). Gold Purity Standards UK. https://www.royalmint.com/invest/discover/invest-in-gold/purity-of-gold/
HM Revenue & Customs. (2025). VAT on Gold Investments. https://www.gov.uk/guidance/vat-guide-notice-70112-sport-motor-sport-and-associated-activities/scope-of-vat-on-gold
London Bullion Market Association. (2025). LBMA Gold Price. https://www.lbma.org.uk/prices-and-data/lbma-gold-price
Royal Mint. (2025). Gold Purity Standards UK. https://www.royalmint.com/invest/discover/invest-in-gold/purity-of-gold/
HM Revenue & Customs. (2025). VAT on Gold Investments. https://www.gov.uk/guidance/vat-guide-notice-70112-sport-motor-sport-and-associated-activities/scope-of-vat-on-gold