$10 Gold Eagle Melt Value

$10 Gold Eagle, obverse (1932)$10 Gold Eagle, reverse (1932)
Shown: 1932 (Indian Head, 1907–1933)Photo: Eugene Zelenko; crop by Wehwalt (public domain), via Wikimedia Commons (front, back).

A $10 Gold Eagle contains 0.4837 troy oz of pure gold, worth $1,933.49 at today's spot price.

The $10 eagle was the US monetary standard gold coin. The Liberty Head design ran from 1838 to 1907, and Augustus Saint-Gaudens' Indian Head design from 1907 to 1933.

Liberty Head (1838–1907)

$1,933.49 gold melt value per coin

0.4837 troy oz gold · 90% gold, 10% copper

Indian Head (1907–1933)

$1,933.49 gold melt value per coin

0.4837 troy oz gold · 90% gold, 10% copper

Melt values use these spot prices (US dollars):

  • Gold $3,996.90 per troy oz Current quote · Quote time Oct 25, 1:59 AM EDT

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

Specification Liberty Head (1838–1907)Indian Head (1907–1933)
Years 1838–19071907–1933
Face value $10$10
Composition 90% gold, 10% copper90% gold, 10% copper
Gross weight 16.718 g16.718 g
Fineness .900 (90%).900 (90%)
Pure metal 0.4837 troy oz (15.046 g)0.4837 troy oz (15.046 g)
Diameter 27 mm27 mm

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.

  • Liberty Head (1838–1907): 16.718 g × .900 fine ÷ 31.1035 g per troy oz = 0.4837 troy oz
    0.4837 troy oz × $3,996.90 spot = $1,933.49
  • Indian Head (1907–1933): 16.718 g × .900 fine ÷ 31.1035 g per troy oz = 0.4837 troy oz
    0.4837 troy oz × $3,996.90 spot = $1,933.49

How to identify it

  • Liberty Head coins show Liberty wearing a coronet; Indian Head coins show Liberty in a feathered headdress and a standing eagle on the reverse.

Melt value vs. collector value

Pre-1934 US gold coins almost always sell for more than melt, even in worn condition, and scarce dates can be worth many times their gold. Gold coins are also a common target for counterfeiters, so buy from reputable sources.

Related tools

Sources

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