About

Professional evaluation of palladium holdings requires more than multiplying weight by the current spot price. Jewelers and refineries pay based on the pure metal content recovered after melting, often deducting a dealer spread or refining fee. This tool calculates the Net Liquidation Value by adjusting for millesimal fineness (purity) and market friction.

Physical palladium, unlike paper derivatives, often trades at significant premiums or discounts depending on the form (ingots vs. scrap jewelry). Accuracy in estimation prevents financial loss during liquidation. This calculator accounts for the difference between the Spot Price (market index) and the Bid Price (what a dealer actually pays).

Formulas

The Net Scrap Value V is calculated using the weight w, purity p, spot price S, and dealer spread d (expressed as a percentage).

V = w × p × S × (1 − d100)

Where p is the decimal fineness (e.g., .950). If converting from Troy Ounces to Grams:

1 ozt ≈ 31.1035 g

Reference Data

Purity Standard	Millesimal Fineness	Common Application	Pd Content (per 10g)
Fine Palladium	.9995	Investment Bullion / Ingots	9.995 g
Jewelry Grade (High)	.950	Wedding Bands, High-end Setting	9.500 g
Jewelry Grade (Med)	.900	Vintage Jewelry	9.000 g
Dental / Industrial	.850	Alloys, Contacts	8.500 g
Low Grade Alloy	.500	Experimental Castings	5.000 g

Frequently Asked Questions

The spot price represents the cost of 1,000 oz commercial delivery bars traded on major exchanges. Dealers incur costs for refining, assaying, overhead, and risk management. This "spread" typically ranges from 5% to 20% for scrap jewelry, whereas bullion bars may have a tighter spread.

Most genuine palladium jewelry is stamped with a hallmark such as "Pd950", "950Pd", or "Palladium". This indicates 95% purity. Items without stamps require acid testing or X-ray fluorescence (XRF) analysis by a professional.

This tool uses a manual input for the spot price to ensure you can calculate based on the exact quote provided by your local dealer or a specific market index. However, it includes historical data points for trend analysis.

Precious metals are weighed in Troy Ounces (ozt), which are heavier than the standard Avoirdupois Ounce (oz). One Troy Ounce equals approximately 31.1 grams, while a standard ounce is 28.35 grams. Using the wrong unit can result in a 10% calculation error.