A South Africa ½ Sovereign (Gold) contains 0.1177 troy oz of pure gold, worth $470.49 at today's spot price.
South Africa struck the ½ Sovereign gold coin from 1923 to 1926 in 91.67% gold. Each coin weighs 3.994 g and holds 0.1177 troy oz (3.661 g) of pure gold. The sovereign was also used in Australia, Canada, Great Britain and India.
Melt values use these spot prices (US dollars):
- Gold $3,996.90 per troy oz Current quote · Quote time Oct 24, 12:19 AM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Years | 1923–1926 |
|---|---|
| Face value | ½ Sovereign |
| Composition | 91.67% gold |
| Gross weight | 3.994 g |
| Fineness | .9167 (91.67%) |
| Pure metal | 0.1177 troy oz (3.661 g) |
How the melt value is worked out
Melt value is the pure gold in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
3.994 g × .9167 fine ÷ 31.1035 g per troy oz = 0.1177 troy oz
0.1177 troy oz × $3,996.90 spot = $470.49
Melt value vs. collector value
Melt value is a floor, not a price. Better dates, coins with mint luster and graded coins often sell well above melt; key dates and rare varieties can be worth many times more. Check the date and mint mark before selling a coin for its metal.