“The article says the whole treasure weighed about 15 pounds.. times 14.48 = 218.7 Troy oz - times $3,247.4 = $710,206 melt value.”
Dude, the bundle is not 24k.
Didn’t say it was..
I was responding to a FReeper who said the coins were worth a lot more than $340k.
My use of current spot gold price per Troy ounce (.999 24K) was not intended to estimate the value of the treasure (which is impossible from a photo), but rather to suggest that the museum estimate of $340k for the coins alone does not seem unreasonably low to me, assuming they weigh about 7.5 lb.
If anything, the $340k value seems high - but my point was that it wasn’t low.