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How many grams does a 1 oz gold coin weigh?
From my experience, For example, a 1-troy-ounce pure gold coin weighs 31.1035 grams. However, if the coin is of lesser purity, say 22k, like the American Gold Eagle, it would contain 31.1035 grams of pure gold but weigh slightly more due to the additional alloyed metals.
Why does 1 oz gold coin say $50?
Good point! While their actual selling price (purchasing power) varies based on the spot price of gold, these coins carry face values of $5, $10, $25, and $50. These are their legal values, reflecting their issue and monetized value as “Gold Dollars”, as opposed to standard bullion.