Melting Down Gold Coins

The table below shows melt values for commonly collected u s.

Melting down gold coins.

Nevertheless deciding when it makes sense to melt down extra gold pieces is a very personal decision. Roosevelt forbidding the hoarding of gold coin gold bullion and gold certificates within the continental united states the executive order was made under the authority of the trading with the enemy act of 1917 as amended by the emergency banking act in march 1933. Executive order 6102 is an executive order signed on april 5 1933 by us president franklin d. Use the gold coin calculator to discover how much the gold in your coins is worth or to set a max bid on a gold coin auction based on its gold content melt value.

Not only did the general public exchange vast sums of coin coinage for paper money but also unreleased quantities of us gold coins were sent to the melting pot. Gold coin melt value calculator. A second melting spree took place in 1933 when president franklin d. During market hours melt values of gold coins shown on this page are updated approximately every 15 minutes.

The current precious metal gold spot price is automatically inputted into the calculator but you can also change this to different prices as well. The gold value is calculated based on the total amount of actual gold content not including any other metals used if the gold is an alloy. Roosevelt issued an emergency order prohibiting the private ownership of gold. Gold is gold whether it s in a coin with a recognized value jewelry or the gold bridge.

Instructions below you might also want to try one of the many other calculators from the drop down menu located above. While its price is significantly less per ounce than that of gold some choose to melt old silver coins that are too damaged to have collector value to recover the silver in them. To use the gold calculator simply select the weight unit select the gold purity enter the weight of your gold item and then click the calculate button. Part 1 of 2.

Choose from any gold coin ever made in us history and enter the quantity of coins you own. If you are looking to buy or sell gold then it can be helpful to enter a profit loss percentage. You ll want to clean the coins first before melting them down. Gold coins including indian head and buffalo gold coins.