How it works
Methodology
Where our data comes from, how every calculation is done, and what this tool is not good for. No black boxes.
Verify us in 30 seconds
Don’t take our word for anything. Pick any metal, pull the current price from Lode, and cross-check it against Kitco, BullionVault, or your broker during market hours. The numbers should match within pennies. If they don’t, please tell us — we’ll fix it.
Spot price sources
Gold and silver spot prices come from goldprice.org’s live rate feed — true spot, not futures — routed through a Cloudflare Worker. goldprice.org requires request headers that only work from a server, not a browser, so the Worker proxies the request from Cloudflare’s edge network before returning prices to the app.
Platinum and palladium currently come from Yahoo Finance futures data (PL=F, PA=F) instead of true spot — we haven’t found a free spot source for these two that’s reliable and openly documented (rather than an undocumented feed we’d be depending on staying available). Futures track spot closely, but can run roughly 1-2% above or below true spot depending on market conditions (contango/backwardation). If precise platinum or palladium pricing matters for a purchase decision, cross-check against Kitco first. See the note below on the gold/silver pricing bug we fixed in September 2026.
Prices are quoted in USD per troy ounce, consistent with COMEX and LBMA conventions. We do not modify, smooth, or adjust prices before displaying them — the number you see is what the provider returned.
If the price source is unreachable, the site returns the last cached value rather than showing a $0 price. Over-the-weekend and holiday prices reflect the last traded value.
A note on a pricing bug we found and fixed (September 2026)
From roughly May to September 2026, gold and silver spot prices on Lode were sourced from Yahoo Finance’s COMEX futures contracts (GC=F, SI=F) instead of true spot. Futures track spot closely but run 1–2% above or below it depending on market conditions — so prices shown during that window were off from Kitco or a broker terminal by a small, systematic amount.
A Reddit user flagged the gap on September 16, 2026. We verified it against Kitco the same day, switched gold and silver to goldprice.org’s true-spot feed, and backfilled the historical price records used for 7-day/30-day change and charts for the affected weeks. We’ve also added automated monitoring so a gap like this gets caught by us next time, not by a user having to notice.
Platinum and palladium are still on Yahoo Finance futures pricing — see above.
Refresh cadence
We pull a fresh price once a day and store it — every page reads that stored value rather than each fetching live on every visit. That’s a deliberate choice, not a limitation we’re working around: Lode’s calculators, portfolio tracker, and dealer comparison don’t need sub-hour price precision to be useful, and fetching live on every one of the thousands of pageviews a day this site gets would put far more load on free upstream sources than a supporting number justifies. Every price on the site shows exactly when it was last updated (e.g. “Updated 6h ago”) so you always know its age rather than assuming it’s real-time.
Historical sparklines, 52-week high/low, and 24-hour percent change are computed from that same daily snapshot series. Over time this gives us an independent history series we can plot without depending on a paid history API.
Coin melt calculator
Melt value = fine weight (troy oz) × today’s price per troy oz. Fine weight is derived from the coin’s gross weight and fineness — e.g. a pre-1965 US 90% silver quarter is 6.25 g × 0.900 ÷ 31.1034768 g/ozt = 0.18084 troy oz of pure silver.
We use standard mint specifications sourced from the issuing mint’s published specs (US Mint, Royal Canadian Mint, Perth Mint, etc.). Melt value is theoretical — actual sale prices include a premium over melt that varies by dealer, coin, and market conditions.
Gram / ounce converter
We use the troy ounce (31.1034768 grams) exclusively, as is standard for precious metals. We do not use the avoirdupois ounce (28.3495 grams), which is used for everyday weight but never for bullion. If another site gives you a different answer to a gold conversion, check which ounce they’re using first.
Portfolio tracker
Holdings are valued at quantity (troy oz) × current spot price. The tracker does not estimate dealer premium, numismatic value, or resale spread — the figure is a clean spot-value floor, useful for checking how your stack has moved with the market.
Signed out, holdings are stored only in your browser’s localStorage and never leave your device. Signed in, they’re saved to our database solely to sync across devices. See the Privacy Policy.
Price alerts
Alerts are evaluated once per day at the same time as the daily price snapshot, against the spot price we just fetched. When a threshold is crossed (e.g. gold above $2,400/ozt), we send one email to the address on your account and mark the alert as triggered to prevent re-firing until you reset it. Email is the only channel — no SMS, no push, no phone calls.
Dealer compare page
The compare page shows an estimated total cost per coin, computed as today’s spot price × coin fine weight + dealer premium. Dealer premiums are maintained by hand based on each dealer’s typical over-spot pricing for 1–9 unit quantities; they are not scraped live from dealer sites.
That means a dealer’s real checkout price on any given day may differ from ours — especially during promotions, volume-tier discounts, or payment-method-specific pricing. Treat our number as a “what you’d typically pay here right now” estimate, not a locked quote. We revisit the premiums regularly and when market conditions shift materially.
Rankings sort strictly by estimated total cost. Outbound dealer links are affiliate-tagged (disclosed on the page, per FTC) and commissions do not affect rank.
What this tool is not good for
We’d rather tell you up front:
- Day trading. Prices are not tick-by-tick. If you need sub-second quotes, use a broker terminal.
- Intraday alerts. Alerts fire on a daily cadence. Fast intraday moves can happen between checks.
- Live dealer quotes. The compare page estimates dealer totals from today’s spot price plus our hand-maintained premiums — it is not a scraped checkout price. Click through to confirm before buying.
- Intraday charts. Sparklines use daily close snapshots, not intraday candles.
- Numismatic value. We value coins at melt / spot only. Collectible premiums are out of scope.
Corrections and feedback
If you spot a number that looks wrong, a coin spec that’s off, or a calculation that disagrees with another source, please tell us: hello@lode.rocks. We’d rather fix it than have it linger.