Calculating Melt Value - 14k RCM Gold Coins

My experience has been that dealers only use the value of the gold content to determine the melt value of a 14K coin since the intrinsic value of the coin's silver content is so minimal (~1% of the total value).

At today's prices, the silver content in a RCM 14K coin is worth only about $2.50 USD vs. its gold content being worth over $270 USD.

I don't know of anybody that bothers calculating the silver value of the RCM commemorative gold coins. When we buy/sell them, we also ignore it because, as commems explained, its a minimal value by comparison to the gold value.

I have also never met a refiner that takes it into account, either.

A few more details here... the reason I was asking about melt value was because I was offered a 14k Gold Coin by a colleague at a price that I thought was pretty fair.

I wound up making the purchase, and I thought I would throw some details out there to see if I made a good move. Here we go:
$100 14k Gold Coin
150th Anniversary of Alexander Graham Bell's Birth
Issue Year - 1997
Weight - 13.34 grams (same as all $100 14k gold coins)
Mintage, according to RCM - 14030
Original Box - Included
COA - Included
Melt Value - $390
Price - $355 CAD (no shipping as it was local, and no taxes as it was private sale)

Here's an image of the coin:


I know the coin isn't particularly desirable, but I purchased for a few reasons:
1) It complements other $100 14k gold coins I have.
2) I'm a sucker for technology and history themes (among others).
3) The coin was priced below melt value.
4) I had an incredibly crappy week at work, and the diversion was relatively cheap compared to other expenses incurred (stretching... I know).

Good move or not? Would you have done the same? After the week I've had, don't beat me up too badly!!