Melting Down Gold Coins

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.

Melting down gold coins.

You ll want to clean the coins first before melting them down. Executive order 6102 is an executive order signed on april 5 1933 by us president franklin d. Nevertheless deciding when it makes sense to melt down extra gold pieces is a very personal decision. Gold coin melt value calculator.

The scrap gold melt value calculator available below can figure the total gold value of scrap gold items measured by the weight unit of your choice. Use this calculator to find the value of your gold coins. Gold is gold whether it s in a coin with a recognized value jewelry or the gold bridge. 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.

The current precious metal gold spot price is automatically inputted into the calculator but you can also change this to different prices as well. 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. Part 1 of 2. 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.

The table below shows melt values for commonly collected u s. Instructions below you might also want to try one of the many other calculators from the drop down menu located above. A second melting spree took place in 1933 when president franklin d. Roosevelt issued an emergency order prohibiting the private ownership of gold.

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. 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. Gold coins including indian head and buffalo gold coins.