A South Africa 1 Pound (Gold) contains 0.2355 troy oz of pure gold, worth $941.30 at today's spot price.
South Africa struck the 1 Pound gold coin from 1952 to 1960 in 91.7% gold. Each coin weighs 7.988 g and holds 0.2355 troy oz (7.325 g) of pure gold. The pound was also used in Great Britain, Israel and Rhodesia.
Melt values use these spot prices (US dollars):
- Gold $3,996.90 per troy oz Current quote · Quote time Oct 23, 9:59 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Some prices could not be refreshed recently and may be out of date.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 | 1952–1960 |
|---|---|
| Face value | 1 Pound |
| Composition | 91.7% gold |
| Gross weight | 7.988 g |
| Fineness | .917 (91.7%) |
| Pure metal | 0.2355 troy oz (7.325 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.
-
7.988 g × .917 fine ÷ 31.1035 g per troy oz = 0.2355 troy oz
0.2355 troy oz × $3,996.90 spot = $941.30
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.