Calculate the estimated raw metal value of a coin, round or bar using live Bullion Tracker spot prices.
Estimated melt value updates as you type.
Use the calculator result while researching real coins and series.
Check recent metal price movement before buying or selling.
Melt value is the estimated raw metal value of a coin, bar or round. It is based on the live spot price of the metal, the item weight and the purity or fineness. It does not include collector demand, condition, grading, dealer margin, VAT, postage or rarity.
For bullion stackers, melt value is useful because it gives you a baseline before judging whether a buying price or selling price is fair.
The basic formula is: weight × purity × spot price. For example, a 1oz 999 silver coin uses one troy ounce multiplied by 0.999 and then by the live silver spot price.
Coins such as sovereigns use 22-carat gold, so their fine gold content is lower than their gross weight.
Dealer prices are normally higher than melt value because they include premiums. Premiums can cover minting costs, distribution, dealer margin, market demand, scarcity, packaging and collectible value. Use the Premium Calculator after checking melt value to see how much over spot you are paying.
Use these tools alongside the Bullion Tracker coin and bar database.
Melt value is the estimated value of the precious metal content only.
No. Melt value excludes dealer premiums, rarity, grading, postage, VAT and collector demand.
Dealers usually charge a premium to cover minting, supply, margin, demand and availability.
Yes, but selling prices may be below or above melt depending on spread, demand and the item itself.
Last updated: 04 June 2026. Spot prices are provided for educational and tracking purposes only and may be delayed. Always check live dealer prices before buying or selling bullion.