A Hungary 500 Forint (Gold) contains 1.2167 troy oz of pure gold, worth $4,862.91 at today's spot price.
Hungary struck the 500 Forint gold coin in 1961 in 98.6% gold. Each coin weighs 38.38 g and holds 1.2167 troy oz (37.843 g) of pure gold.
Melt values use these spot prices (US dollars):
- Gold $3,996.90 per troy oz Current quote · Quote time Oct 23, 10:29 PM 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Some prices could not be refreshed recently and may be out of date.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 | 1961 |
|---|---|
| Face value | 500 Forint |
| Composition | 98.6% gold |
| Gross weight | 38.38 g |
| Fineness | .986 (98.6%) |
| Pure metal | 1.2167 troy oz (37.843 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.
-
38.38 g × .986 fine ÷ 31.1035 g per troy oz = 1.2167 troy oz
1.2167 troy oz × $3,996.90 spot = $4,862.91
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.