1. What is US Coin Melt Value?

The melt value of a US coin represents the intrinsic metal value based on its weight, purity, and the current spot price of the metal. This is different from the coin's numismatic or collector value.

2. How Does the Calculator Work?

The calculator uses the melt value formula:

Where:

• \( V \) — Melt value (dollars)
• \( W \) — Weight of the coin (ounces)
• \( P \) — Purity of the metal (decimal)
• \( SP \) — Spot price of the metal (dollars per ounce)

Explanation: The formula calculates the intrinsic metal value by multiplying the coin's weight by its purity and the current market price of the metal.

3. Importance of Melt Value Calculation

Details: Knowing the melt value is important for investors, collectors, and those looking to sell precious metal coins. It provides a baseline value for coins based on their metal content rather than collector premium.

4. Using the Calculator

Tips: Enter the coin's weight in ounces, purity as a decimal (e.g., 0.900 for 90% pure), and the current spot price in dollars per ounce. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between melt value and numismatic value?
A: Melt value is based solely on metal content, while numismatic value includes collector premium based on rarity, condition, and demand.

Q2: Where can I find current spot prices?
A: Spot prices are available from financial news websites, precious metal dealers, and commodity exchanges.

Q3: How accurate are coin weight measurements?
A: For precise calculations, use a calibrated scale that measures in troy ounces (precious metal standard) or avoirdupois ounces.

Q4: Does this calculator work for all US coins?
A: Yes, as long as you know the weight and purity of the coin. Common US coins have standardized weights and purities.

Q5: Should I melt down my coins?
A: In most cases, it's illegal to melt US currency. This calculator is for informational purposes to understand intrinsic metal value.