An Italy 100 Lire (Gold, 1937) contains 0.1504 troy oz of pure gold, worth $601.01 at today's spot price.
Italy struck the 100 Lire gold coin in 1937 in 90% gold. Each coin weighs 5.197 g and holds 0.1504 troy oz (4.677 g) of pure gold. The lira was also used in Eritrea, Italian Somaliland, San Marino, Syria, Turkey and Vatican City.
Melt values use these spot prices (US dollars):
- Gold $3,996.90 per troy oz Current quote · Quote time Oct 23, 7:10 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Some prices could not be refreshed recently and may be out of date.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 | 1937 |
|---|---|
| Face value | 100 Lire |
| Composition | 90% gold |
| Gross weight | 5.197 g |
| Fineness | .900 (90%) |
| Pure metal | 0.1504 troy oz (4.677 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.
-
5.197 g × .900 fine ÷ 31.1035 g per troy oz = 0.1504 troy oz
0.1504 troy oz × $3,996.90 spot = $601.01
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.