Karat Kalculator vs ScrapIt! Pro

*Price updates have been fixed. Thank you for your patience.** Mid-States Recycling & Refining’s famous Karat Kalculator is now available on your iPhone! Try our web version at www.karatkalculator.com. The Karat Kalculator is a tool to estimate the practical value of your Karat Gold Scrap. Simply select your measurement unit on the main Kalculator page and enter your weights under each specific karat field. To calculate the total value of your scrap gold, you can tap calculate or the results tab on the bottom of the screen. The results screen will show you the total estimated net value of your refining lot minus any associated charges, plus much more useful information. When you first open the Karat Kalculator app it will obtain the most current gold price from www.midstatesrecycling.com. This price will be displayed on the Kalculator page and the Gold Price page. The gold price can be adjusted to any future price of your choice by either tapping the gold price on the Kalculator page or changing it on the Gold Price page. In our 40 years of experience we have found most karat gold jewelry scrap to average approximately a ½ karat under its plumb stamp. Because of this we have built the Karat Kalculator to mimic the recoveries for each grade of Karat Gold that our historical data indicates. Final settlements will be based on the actual melt & assay results at appropriate current gold market, less applicable treatment and refining charges. Mid-States Recycling works with trade only. A valid business license in the Jewelry, Pawn, 2nd Hand Buy/Sell, or Scrap Metal Dealer is required.

Instantly calculate the value of scrap gold and precious metals, at live spot or the Kitco Morning Fix. ScrapIt! Pro by Kitco makes it easy to calculate the value of scrap gold, silver, platinum, and palladium using Kitco precious metal prices. Whether you’re selling old jewellery, buying scrap gold, or managing a precious metals business, ScrapIt! Pro gives you the tools to calculate, compare and customize metal values quickly and easily. Powerful features. Simple to use. - Spot or Kitco Morning Fix: Price at the live spot price or at the day’s Kitco Morning Fix for Hong Kong, Mumbai, London or New York, with the fix date displayed. - Refresh on demand: Update spot prices whenever you need the latest market rate. - Four precious metals: Calculate gold, silver, platinum and palladium values. - Customizable purity: Work with different gold karats, sterling silver and other precious metal purities. - Flexible measurements: Choose from multiple weight units and currencies. - Adjustable pricing: Calculate values at any percentage of the market price to suit your buying or selling needs. - Instant calculations: View individual item values and the total value of your scrap. - Personalized calculations: Edit descriptions, purities and prices to match your needs. - Save your work: Save calculations and reopen them whenever needed. - Multiple languages: Use the calculator in your preferred supported language. Spot price or Kitco Morning Fix Spot is the live market price and moves all day. The Kitco Morning Fix is a reference price set once each business day at 10:30 AM local time in Hong Kong, Mumbai, London and New York. Choose the city that matches your market and ScrapIt! Pro prices every metal off that day’s fix, with the fix date shown on screen so every quote can be traced to a specific published price. For professionals, a daily fix means one price for the whole day. A quote given in the morning still stands in the afternoon, every counter and every staff member works from the same number, and buying or selling prices can be agreed with customers and suppliers against a published daily figure instead of whatever spot happened to be at the moment of the quote. Switch back to spot at any time for a live valuation. Ideal for: Jewellers, gold buyers, pawnshops, precious metal dealers, refiners and anyone looking to estimate the value of old, unwanted or broken jewellery. From a single gold ring to an entire collection of scrap jewellery, ScrapIt! Pro makes precious metal valuation simple. Developed by Kitco Metals, a trusted source of precious metal prices and market information. Calculations are estimates based on selected prices, weights, and purities. Actual buying or selling prices may differ.