What does melt value mean?

Melt value is a term used to describe the intrinsic worth of a precious metal item, such as coins or bullion. It is calculated by determining the amount of pure metal content in the item and multiplying it by the current spot price of that metal. 

The process of determining an item's melt value can be done with a variety of tools and calculators available online. Many websites offer free melt value calculators that allow you to enter the weight and purity of your item and then calculate its melt value based on current spot prices.

Many coins also have numismatic value, which is based on factors such as rarity, condition, demand, and age. This numismatic value is often much higher than the melt value.

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