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Calculate the gold melt value of $1 Gold Dollars (1849-1889) using live spot prices. Each coin contains 0.04837 troy ounces of pure gold.
Current Gold Spot Price
USD 4,762.70
per troy ounce
Melt Value
USD 230.37
Total Gold
0.0484 oz
Per Coin
0.04837 oz
Value / USD 1 Face
USD 0.00
Face Multiplier
0.0x
Gold dollars are the smallest coins ever produced by the U.S. Mint at just 13 mm — about the size of a small shirt button.
They were so tiny that people constantly lost them, leading to three different design types trying to make them larger and thinner.
The California Gold Rush of 1849 created the demand for this denomination, as gold became plentiful.
The $1 Gold Dollar was minted from 1849-1889 with a composition of 90% gold, 10% copper. Each coin weighs 1.672 grams and contains 0.04837 troy ounces of pure gold, giving it a 90% precious metal purity. The face value is USD 1.00.
The melt value of a $1 Gold Dollar is calculated by multiplying its gold content (0.04837 oz) by the current gold spot price. This represents the minimum intrinsic value of the coin based on its precious metal content alone. Coins in better condition or with rare date/mint mark combinations may command additional numismatic premiums above melt value.
A $1 Gold Dollar (1849-1889) contains 0.04837 troy ounces of pure gold. The coin weighs 1.672 grams total and is 90% gold, 10% copper.
The melt value of a $1 Gold Dollar equals 0.04837 troy ounces multiplied by the current gold spot price. Use the calculator above with live prices to see today's exact melt value.
Common-date $1 Gold Dollars in average circulated condition typically sell at or slightly above melt value. Key dates, mint marks, and higher grades can command significant numismatic premiums. The melt value represents the minimum a $1 Gold Dollar should be worth.
It takes 20.7 $1 Gold Dollars to equal one troy ounce of pure gold content (each contains 0.04837 oz).
$1 Gold Dollars were minted from 1849-1889. The composition is 90% gold, 10% copper, with each coin containing 0.04837 troy ounces of pure gold and a face value of USD 1.00.
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