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<p>[QUOTE=&quot;WmsJewelers, post: 342588, member: 12564&quot;]Take spot silver and minus $1.00.&nbsp; Then multiply by .715.&nbsp; So at 20.00 it would be like this.&nbsp; 19.00 x .715 = 13.585&nbsp; This should be around what most dealers are paying for silver on the high end.&nbsp; Local coin shops are going to be paying under this as that would be what they are getting paid.</p><p><br /></p><p>For gold I use a pennyweight for measurement.&nbsp; 20 pennyweight (dwt) per oz and 31.1 grams per oz.</p><p><br /></p><p>Take spot times decimal for scrap gold price at each karat weight</p><p><br /></p><p>10k&nbsp;&nbsp; .0188</p><p>14k&nbsp;&nbsp; .0262</p><p>18k&nbsp;&nbsp; 0.342</p><p><br /></p><p>So 14k is like this .&nbsp;&nbsp; Spot at 980</p><p>980 x .0262 = 25.676</p><p><br /></p><p>14k gold is worth roughly 25.67 per pennyweight.&nbsp; If you want that in grams multiply by 20 then divide by 31.1 which gets you at 16.51</p><p><br /></p><p>This is also what most dealers are getting for their gold and will be buying back of that but it will give you a rough idea.&nbsp; Large nationwide refiners are at</p><p><br /></p><p>10k .0197</p><p>14k .0272</p><p>18k .0352[/QUOTE]</p><p><br /></p>

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