Learn exactly how your placer gold payout is calculated. Understand spot price, purity, and our payout structure for flakes, nuggets, and dust.

Understanding How We Calculate Your Gold Payout

We believe in 100% transparency when it comes to pricing your gold. Here’s how our payout formula works so you can sell with confidence.

Step 1 – Current Gold Spot Price

We reference the daily spot price of gold in USD per troy ounce (XAU/USD). This is the base market rate.

Step 2 – Assay & Purity

Once we receive your gold, we test it for purity. Most placer gold ranges from 70% to 95% pure.

Step 3 – Apply Payout Rate

We apply a payout rate between 80% and 88%, depending on the gold type and purity:

Type Purity Payout %
Flakes 70-85% 80-85%
Nuggets 90%+ 85-88%
Dust 70-80% 80-83%

Sample Calculation:

  • Spot Price: $4,200
  • Purity: 85%
  • Payout: 85%
  • Final Payout: 4200 x 0.85 x 0.85 = $3,036 per oz

Why We Use This Formula

It’s fair, transparent, and protects both the buyer and seller. We test the gold and pay you for exactly what it’s worth.

Conclusion: We never guess or generalize. Every quote is based on actual testing and up-to-date pricing.

 

Use Our Gold Calculator