How do you convert dwt to grams?

1 dwt = 1.55517384 g (one twentieth of a troy ounce). We use that factor consistently with the rest of the site.

Is dwt the same as a regular ounce?

No. Pennyweight is a troy-based unit: 20 dwt = 1 troy ounce. Regular (avoirdupois) ounces are different. Precious metals pricing typically uses troy units.

Will I get full melt value when selling?

Buyers typically pay a percentage of melt. Treat this page as a benchmark, not a payout guarantee.

How Much Is 4.5 Pennyweight of 9K Gold Worth Today?

4.5 pennyweight of 9K gold is worth $364.19 today

(Based on spot price $4,317/oz · Updated June 16, 2026)

Melt value: $364.19
Pawn shop offer: $182–255
Online buyer: $291–335

Estimates use the same USD spot basis as our calculators. Not financial advice, not a purchase offer, and not a guarantee of what any buyer will pay.

At the live spot used on this site (USD), 4.5 dwt of 9K gold is about $364.19 melt value (before any buyer discount). 1 dwt ≈ 1.555 g.

Pawn shops often pay roughly 50–70% of melt — about $182.10–$254.93 for this dwt at typical buyer rates.

If stones are present, many buyers deduct or ignore them; focus on metal-only value when comparing offers.

Quick checks (dwt sellers)

If the buyer weighs in dwt, you can sanity-check: multiply dwt by ~1.56 to get grams, then compare to your gram estimate.
Be explicit about “troy” units; precious metals pricing uses troy measure, not standard ounces.

Gold Value Calculator

Gold price Today

$/troy oz

Adjust this price to project a future value. 24K per troy oz.

Weight

Unit

Purity (Karat)

Total gold value$364.19

Current 9K price • $52.04/gram • $1618.63/oz

Est. offer at%:$182.09

Formula: weight × karat multiplier × spot price. 14K = 0.585, 18K = 0.75, 10K = 0.417.

Same USD spot basis as the estimates on this page. Adjust weight, unit, or karat to explore scenarios.

Calculate exact pawn shop payout →

How pennyweight maps to grams

Pennyweight (dwt) is a troy-unit habit in some US markets. For pricing we convert to grams: 4.5 dwt ≈ 7.00 g of 9K, then apply the same per-gram rate as our gram pages.

How we calculate melt

In words: 4.5 dwt → grams (troy conversion) → 9K per-gram price → melt total. Buyers then apply their own % haircut.

What buyers might pay (typical ranges)

These bands are typical percentages of melt for this weight—not spot, not a guaranteed offer.

Buyer type	Typical % of melt	Est. offer (USD)
Pawn shop	50–70%	$182.10 – $254.93
Local gold buyer / jeweler	65–80%	$236.72 – $291.35
Online / mail-in buyer	80–92%	$291.35 – $335.06
Refinery (bulk / high volume)	88–95%	$320.49 – $345.98

Ranges are common experience bands; shops and mail-in buyers vary. Not a quote.

Nearby dwt

Same karat, by gram

Open closest gram page (7g)

FAQ

How much is 4.5 pennyweight of 9K gold worth?: 4.5 pennyweight of 9K gold is worth $364.19 at today's gold price of $4,317/oz. This is the melt value — pawn shops typically pay $182–255, online buyers pay $291–335.
How do you convert dwt to grams?: 1 dwt = 1.55517384 g (one twentieth of a troy ounce). We use that factor consistently with the rest of the site.
Is dwt the same as a regular ounce?: No. Pennyweight is a troy-based unit: 20 dwt = 1 troy ounce. Regular (avoirdupois) ounces are different. Precious metals pricing typically uses troy units.
Will I get full melt value when selling?: Buyers typically pay a percentage of melt. Treat this page as a benchmark, not a payout guarantee.