Live Gold Price Updated

Gold Coin Scrap Value Calculator

Calculate the melt value of gold coins including Sovereigns, American Eagles, Krugerrands, and Maple Leafs using live spot prices.

Calculate Your Gold's Value
Example coin purity preset — verify the exact coin specification before use.
⚡ Live Gold Price (per Troy Oz) Live Spot
🕒 Updating... • 📡 Live Feed
$
Estimated Gold Coin Scrap Value
$0.00

Melt value only. A collectible or numismatic coin may be worth more than its metal value.

💰 See what buyers actually pay — after deductions →
Please enter a valid weight.
📖 Overview

What Is a Gold Coin Scrap Value Calculator?

The Gold Coin Value Calculator estimates a coin's gold melt value from its gold content and current gold price.

Calculate the melt value of gold coins including Sovereigns, American Eagles, Krugerrands, and Maple Leafs using live spot prices.

⚡ Live Spot Basis ⚖️ Multi-Karat 📊 Payout Modeling
Gold inspection illustration
Gold inspection illustration
🧮 Formula

Gold Coin Melt Value Formula

The calculator follows this formula so the estimate stays tied to weight, purity, and the current gold spot price:

V=AGW×P

V is estimated melt value, AGW is actual gold weight in troy ounces, and P is the gold spot price per troy ounce.

Calculations use standard weight and purity formulas with live market spot prices. See our Calculation & Editorial Methodology for complete formula steps and limitation disclosures.

Gold Coin
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Fine-Gold Content
↓
Melt Value Baseline
BUT
Rare / collectible / numismatic coin
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Potential resale / collector value
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May exceed scrap value

Gold Coin Payout Estimator

Real-world buyback spreads for bullion and scrap gold coins

Coin offers depend on whether the piece is being bought for bullion resale, collectible value, or melt. Compare dealer buyback quotes with melt value before treating a coin as scrap.

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Refineries & Smelters May quote close to melt on scrap lots Ask about lot minimums and fees
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Coin Dealers & Shops May pay melt, a premium, or a discount Condition and demand matter
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Pawn Shops Offer structure varies by buyer. Compare the final net amount after all deductions rather than relying on the headline percentage alone. Compare local offers carefully
Buyer Payout Ratio 95%
Applied buyer deduction: 5% (buyer margin) Example input — replace with the buyer's quoted payout percentage.
Melt Value
$0.00
Buyer Spread
−$0.00
Fees & Loss
−$0.00
Net Cash
$0.00

Gold Coin Market Rates

Live gold rates for 24K, 22K, and 90% gold coins

Gold coin rates follow live spot market bid prices. Select a purity tier to update unit prices.

Per Gram
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1 gram = 0.0322 troy oz
Per Pennyweight
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1 DWT = 1.555 grams
Per Troy Ounce
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1 troy oz = 31.1035 g

How to Calculate Gold Coin Scrap Value

Three steps — check coin specifications, verify purity, calculate melt value

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1. Check Coin Weight
Identify the coin type (e.g. 1 oz Gold Eagle = 33.93g gross weight, Sovereign = 7.988g).
Bullion coins state their fine gold weight directly on the coin face.
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2. Select Purity Tier
Select 22K (91.67%) for Gold Eagles/Krugerrands, or 24K (99.99%) for Maple Leafs.
Pre-1933 US gold coins are 90% pure gold (21.6K).
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3. Calculate Value
Click calculate to determine baseline gold melt value based on real-time spot rates.
Check coin dealer buyback prices before accepting scrap melt offers.

22K Gold Bullion Coins

Many well-known bullion coins use 22K alloy for durability while still carrying a stated fine-gold content. Check the mint specification for the exact gross weight and fine-gold weight of your specific coin.

24K Pure Gold Coins

Many modern bullion coins are struck in very high fineness such as 999 or 999.9 gold. Use the coin's listed purity and weight instead of assuming every piece follows the same standard.

Pre-1933 Vintage Gold Coins

Pre-1933 US $20 Liberty/St. Gaudens double eagles weigh 33.436 grams in 90% gold (21.6K), containing 0.9675 troy oz of pure gold. They frequently trade above melt value due to collector demand.

Gold Coin Scrap Value Considerations

Important differences between scrap melt value and bullion premiums

This calculator estimates metal melt value from the coin's weight and purity. Actual sale price can be higher or lower depending on authenticity, demand, condition, and whether the buyer is paying for bullion, collectible value, or scrap.

22K
91.7% Gold

Bullion Coins vs. Scrap Metal

Intact bullion coins are often evaluated differently from generic scrap, so it is worth checking coin-dealer or bullion-buyer quotes before accepting a melt-based offer. Damaged, holed, mounted, or altered coins are more likely to be priced primarily for metal content.

Coin Bezel & Mount Deductions

Gold coins mounted in pendant bezels often have solder or rim damage. When calculating scrap value, weigh the coin and bezel separately if they are different karats (e.g. 22K coin in 14K bezel).

Counterfeit Testing

Refineries test gold coins using XRF spectrometers, specific gravity testing, or acoustic resonance to confirm purity before smelting.

Specialized Tools

Specialized Scrap Gold Calculators

Specialized tools for every scrap gold scenario — pick the one that matches your gold item.

Frequently Asked Questions About Gold Coin Scrap Value

Multiply the coin's gross weight by its gold purity fraction, convert the fine-gold weight to troy ounces, and multiply by the live spot price. That gives a melt-value estimate before any buyer spread or collectible premium.

A 1 oz Eagle contains 1 troy oz of fine 24K gold within a 33.93g 22K alloy coin (alloyed with silver and copper).

Contains 1 troy oz of pure gold in a 22K alloy (33.93g gross); melt value equals 1 × current spot price per troy oz.

Use the Sovereign's published gross weight and purity to calculate its fine-gold content, then multiply that fine-gold amount by the live spot price. The exact melt value changes whenever the market price changes.

Compare a coin or bullion dealer's net quote with a scrap buyer's net quote before selling. Published specifications can establish the metal-value baseline, while condition, authenticity, demand, and collectible value may affect a specialist quote.

Canadian Maple Leaf (99.99%), Austrian Philharmonic (99.99%), Australian Kangaroo (99.99%), and Chinese Panda (99.9%).

Damage can reduce or eliminate some collectible premium, depending on the coin and market. Its metal-value baseline still depends on the remaining verified fine-gold content and current spot price.