An Israel 50 Pounds (Gold) contains 0.3929 troy oz of pure gold, worth $1,570.24 at today's spot price.
Israel struck the 50 Pounds gold coin from 1962 to 1964 in 91.6% gold. Each coin weighs 13.34 g and holds 0.3929 troy oz (12.219 g) of pure gold. The pound was also used in Great Britain, Rhodesia and South Africa.
Melt values use these spot prices (US dollars):
- Gold $3,996.90 per troy oz Current quote · Quote time Oct 23, 7:19 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Some prices could not be refreshed recently and may be out of date.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 | 1962–1964 |
|---|---|
| Face value | 50 Pounds |
| Composition | 91.6% gold |
| Gross weight | 13.34 g |
| Fineness | .916 (91.6%) |
| Pure metal | 0.3929 troy oz (12.219 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.
-
13.34 g × .916 fine ÷ 31.1035 g per troy oz = 0.3929 troy oz
0.3929 troy oz × $3,996.90 spot = $1,570.24
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.