Determining the precise value of a 120 oz gold coin is complex and depends on several factors, including the type of ounce being referenced, the purity of the gold, the coin’s numismatic value, and the current market price of gold.
- The price of gold is almost always quoted in troy ounces , which are slightly heavier than standard avoirdupois ounces.
- One troy ounce equals 31.1034768 grams, while one avoirdupois ounce equals 28.349523125 grams.
- Assuming “120 oz gold coin” refers to 120 troy ounces of pure gold (which is typically the case for gold bullion coins), this would be approximately 3732.417 grams (120 troy ounces * 31.1034768 grams/troy ounce).
- As of August 13, 2025, the live gold spot price is around $3,353 to $3,363 per troy ounce.
- Multiplying 120 troy ounces by the approximate spot price of $3,360 per troy ounce gives a base value of $403,200 (120 troy ounces * $3,360/troy ounce).
- Purity: If the gold coin is not pure (.999 or 24k), its value will be lower based on the actual gold content.
- Numismatic Value: Collectible coins with historical significance, rarity, or unique designs can command a premium above their melt value.
- Coin Type: The type of gold coin can influence its premium. For example, a 2024 Canadian Maple Leaf 1/20 oz Gold Coin was available for approximately $245.30 per unit via wire transfer . However, the price may vary based on quantity purchased . In contrast, a 1/20 oz Random Design Sovereign Gold Coin is currently listed for $227.82, [according to Money Metals Exchange].
- Dealer Markup: Dealers typically add a premium to the spot price when selling gold coins to cover their costs and profit margins. Some dealers offer quantity discounts. For example, [BullionByPost.com] offered a 2024 1/20oz Canadian Maple Leaf Gold Coin at $245.30 each for one unit, while purchasing 10 or more units reduced the per-unit price to $234.30.
Important: This information provides a general overview and estimated value. Consult with a reputable precious metals dealer for a precise valuation based on the specific gold coin in question and current market conditions. Several dealers specialize in buying and selling gold coins, such as [Mile High Coin] in Aurora, CO, Colorado Precious Metals Exchange in Erie, CO , and [Coins and Currency of Wayne] in Wayne, PA.
- [
Mile High Coin 4.7 (306)Closed · Coin dealer 3190 S Vaughn Way # 550]
- [
Coins and Currency of Wayne 4.9 (135)Closed · Coin dealer 231 E Lancaster Ave]
How much does a 1/20 oz gold coin weigh?
The compact size of the 1/20 oz Gold Maple Leaf makes it an excellent choice for those seeking a more affordable entry point into gold ownership. Weighing just 1.555 grams and measuring approximately 14.1 mm in diameter, the coin is easy to store, transport, and trade.