How to figure melt price

doh

I'm sorry if this is a stupid question, but how do you figure melt price for 1/10, 1/4, etc gold bullion? Is it as simple as taking 1/10 or 1/4 of current spot price?

cars

Yep, Basic math. Maybe a little more accurate if you take it down to grams first then do the math.

mkman123

the smaller fractionals are a bit more difficult because they command higher premiums.

Spot for gold lets say is 960.

A 1/10 oz Gold eagle does not sell for 96. You could get 110 for it easily.

papabear

Try here


Papabear

jmski52

the smaller fractionals are a bit more difficult because they command higher premiums.

Spot for gold lets say is 960.

A 1/10 oz Gold eagle does not sell for 96. You could get 110 for it easily.

Yes, you can sell a 1/10th ozer for more than melt. But the melt price for a coin having 1/10th oz. is exactly 0.10 times the spot price. Pure math.

Smaller AGEs have a premium on them, and that is important to remember. It's partly due to the cost of minting & distribution, but there is also a convenience factor that is based on the ability to sell or trade a fraction of an ounce instead of having to liquidate a whole ounce at a time.

The melt price might come into play more significantly when you are dealing with a coin that has a smaller premium. Premiums are always changing, so the melt price is simply a good starting point to know. A British Gold Sovereign has 0.2354 oz. of gold, so at $960/oz., a Sovereign has a melt of $225.98. That's your starting point, and depending on what premiums are doing at the moment, you might expect to pay melt or more, seldom less.

doh

Thank you for all the help! Especially that gold content calculator. That thing is awesome, Papabear!

unknowncomic

this is a cool site too
http://gold.yabz.com/jewelry.htm