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Silver Price Calculator
Use this free silver price calculator to find the melt value of your silver — coins, bars, jewelry, or flatware. Enter the weight, pick the unit and the purity, and the calculator multiplies the pure silver content by the current spot price to show what the metal itself is worth.
Default spot price: $51.94 per troy ounce, as of November 7, 2026. Spot prices change daily — edit the field for the latest price.
| Figure | Value |
|---|---|
| Total weight (troy oz) | 10 |
| Pure silver content (troy oz) | 9.99 |
| Pure silver content (grams) | 310.72 |
| Value per troy ounce of your item | $51.89 |
| Melt value | $518.88 |
How it works
The melt value of a silver item is the value of the pure silver inside it, and nothing else. It depends on three things: how much the item weighs, how pure the silver is, and the current spot price of silver. Multiply those three together and you have the melt value. Everything else about the item — its age, its maker, its beauty, its rarity — is worth something to collectors, but it is not part of the melt value.
The spot price is the market price of one troy ounce of pure silver for immediate delivery, and it is quoted in dollars. This page opens with a default of $51.94 per troy ounce, the spot price as of November 7, 2026 — but spot prices move every trading day, and sometimes sharply within a single day, so the field is editable. Before you buy or sell, replace it with the latest quote. The calculator never fetches a live price on its own, so what you see is always the number in the field.
Purity is the share of the item that is actually silver. Fine silver is 99.9% pure (.999) and is what most bullion bars and rounds are made from. Sterling silver is 92.5% silver (.925), mixed with 7.5% copper or other metals that make it hard enough for jewelry, cutlery, and tableware. Coin silver is 90% silver (.900), the purity of many older coins, including dimes, quarters, and half dollars minted before 1965. The selector also includes 800 silver (.800), common in older European pieces, and .9999 pure silver. An item's purity is usually stamped on it — "925" for sterling, "900" for coin silver, ".999" for fine — and if there is no stamp, a jeweler or dealer can test it.
The unit matters because precious metals are weighed in troy ounces, not ordinary ounces. A troy ounce is 31.1035 grams, while a regular avoirdupois ounce is 28.3495 grams, so a troy ounce is about 10% heavier. A kitchen scale measures avoirdupois ounces, while a coin shop scale measures troy ounces, and mixing the two up overstates or understates the value by roughly a tenth. This calculator accepts troy ounces, grams, kilograms, avoirdupois pounds, and avoirdupois ounces, and converts everything to troy ounces before doing the math: one gram is 0.03215 troy ounces, one kilogram is 32.1507 troy ounces, one avoirdupois pound is 14.5833 troy ounces, and one avoirdupois ounce is 0.91146 troy ounces.
What melt value is not is just as important as what it is. A dealer buying your silver will usually pay less than melt value, because they need a margin when they resell it. A dealer selling you silver will charge more than melt value — the premium — which covers minting, distribution, and their own margin, and which runs higher on small coins than on large bars. Rare coins, antique flatware, and signed jewelry can be worth far more than melt value to the right buyer, and none of that shows up here. Melt value is the floor: the value of the metal if the item were melted down tomorrow. It is the right number for valuing scrap, for checking whether a dealer's offer is fair, and for getting a quick sense of what a drawer full of old silver is worth.
Worked example
Find the melt value of 10 troy ounces of fine silver at the default spot price of $51.94 per troy ounce, as of November 7, 2026.
Step 1: The weight is already in troy ounces — 10 ozt.
Step 2: Fine silver is .999 pure, so the pure silver content is 10 × 0.999 = 9.99 troy ounces.
Step 3: Multiply the pure silver by the spot price — 9.99 × $51.94 = $518.88.
Step 4: The melt value is $518.88.
To see the purity effect, run the same 10 troy ounces as sterling silver (.925) instead: 10 × 0.925 × $51.94 = $480.45. The same weight of coin silver (.900) is worth $467.46. And 100 grams of fine silver is 100 × 0.03215 = 3.215 troy ounces, worth 3.215 × 0.999 × $51.94 = $166.82. Change the spot price in the field and the result updates instantly, so you can see what the same silver is worth at any price.
FAQ
What is the silver spot price?
The silver spot price is the current market price of one troy ounce of pure silver for immediate delivery, quoted in dollars. It moves through the trading day, so the price on this page is a dated default — check the field and update it for the latest quote before relying on the result.
What is melt value?
Melt value is what the pure silver inside an item is worth at the spot price — the weight of the item times its purity times the spot price per troy ounce. It does not include any premium a dealer charges, craftsmanship, or collectible value.
What is the difference between fine silver and sterling silver?
Fine silver is 99.9% pure silver (.999). Sterling silver is 92.5% silver (.925) mixed with 7.5% other metals, usually copper, which makes it harder and more durable for jewelry and tableware. Coin silver is 90% silver (.900), the purity of many older coins.
Is a troy ounce the same as a regular ounce?
No. A troy ounce weighs 31.1035 grams, while a regular (avoirdupois) ounce weighs 28.3495 grams, so a troy ounce is about 10% heavier. Precious metals are always priced per troy ounce, so use the troy ounce option when your item is weighed on a precious-metals scale.