The average weight of a gold coin can vary widely, but a 1 troy ounce gold coin is considered the standard weight for buying gold bullion.
Here’s a breakdown of common gold coin weights:
- 1 Troy Ounce: This is the most popular and common weight for gold bullion coins.
- Fractional Weights: Many mints also offer gold coins in smaller, fractional weights like 1/2 oz, 1/4 oz, and 1/10 oz.
- Grams: Some countries, like China, have adopted the metric system and mint gold coins in gram denominations, such as 1 gram gold coins.
Keep in mind that while a 1 troy ounce gold coin is a common size, gold coins can range in weight from as little as 0.05 grams to as much as a metric ton.
Why is it illegal to own a $20 gold piece from 1933?
Good point! For example, the 1933 Double Eagle gold coin, minted but never legally circulated, is considered government property and therefore illegal to own. In fact, owning one of these rare $20 coins today is not just illegal but may result in confiscation.
Why does 1 oz gold coin say $50?
From my experience, 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.
How much does a $1 US gold coin weigh?
From my experience, Issued 1849-1889, this American One Dollar Gold coin features the Liberty Head design and measures 13mm across. Each coin weighs exactly 1.672 grams and contains 1.505 grams of gold.