Melting Down Gold Coins

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.

Melting down gold coins. Executive order 6102 is an executive order signed on april 5 1933 by us president franklin d. Roosevelt issued an emergency order prohibiting the private ownership of gold. 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. 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.

Use this calculator to find the value of your gold coins. Nevertheless deciding when it makes sense to melt down extra gold pieces is a very personal decision. 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 table below shows melt values for commonly collected u s.

You ll want to clean the coins first before melting them down. Click on the links below to see historical melt values for each coin and to access the melt value calculator. Choose from any gold coin ever made in us history and enter the quantity of coins you own. 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.

Gold coin melt value calculator. 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. 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.

Instructions below you might also want to try one of the many other calculators from the drop down menu located above. 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. Part 1 of 2. Gold is gold whether it s in a coin with a recognized value jewelry or the gold bridge.