Calculate silver melt value
calculate_silver_valueMelt value of a silver item (sterling flatware, tea set, jewellery, bar, round, scrap) from its weight, unit and fineness at the live silver spot price, in any currency. Optional dealer_spread_percent returns the likely buyer offer. Sterling means at least 925/1000 silver under 16 CFR 23.5. Default fineness is sterling.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| unit | No | Weight unit: gram, kilogram, troy_ounce, pennyweight, grain, avoirdupois_ounce, pound, troy_pound, tola. Aliases such as g, kg, oz, ozt, dwt, lb work. "oz" means troy ounce; use avoirdupois_ounce for a kitchen scale. | gram |
| weight | Yes | Weight of the item, for example 250. | |
| currency | No | ISO 4217 currency code, for example USD, EUR, GBP, INR, CAD, AUD, MXN. Default USD. | USD |
| fineness | No | Silver grade: "fine" (999), "britannia" (958.4), "sterling" (925), "coin" (900), "800", or parts per thousand such as 925, or a fraction such as 0.925. | sterling |
| dealer_spread_percent | No | Percent a buyer keeps below melt, for example 15 for an offer at 85% of melt. Default 0. |