Melting Down Gold Coins

Instructions below you might also want to try one of the many other calculators from the drop down menu located above.

Melting down gold coins.

Roosevelt issued an emergency order prohibiting the private ownership of gold. The table below shows melt values for commonly collected u s. 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. If you are looking to buy or sell gold then it can be helpful to enter a profit loss percentage.

Gold is gold whether it s in a coin with a recognized value jewelry or the gold bridge. 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. 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. A second melting spree took place in 1933 when president franklin d.

Choose from any gold coin ever made in us history and enter the quantity of coins you own. 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. 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. 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.

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. Use this calculator to find the value of your gold coins. Executive order 6102 is an executive order signed on april 5 1933 by us president franklin d. Gold coins including indian head and buffalo gold coins.

Part 1 of 2. 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. Gold coin melt value calculator.