The weight of gold coins can vary significantly depending on their origin, age, and intended purpose (e.g., bullion vs. numismatic).
However, the most common weight for gold coins, particularly for investment purposes, is one troy ounce . A troy ounce is a standard unit of measurement for precious metals and is equal to approximately 31.1 grams.
In addition to one troy ounce, gold coins are also available in various other weights, including:
- Fractional troy ounces:
– 1/2 troy ounce (approximately 15.55 grams)
– 1/4 troy ounce (approximately 7.78 grams)
– 1/10 troy ounce (approximately 3.11 grams)
- Gram weights:
– 1 gram
– 3 grams
– 8 grams
– 15 grams
- Larger weights:
– 2 troy ounces
– 1 kilogram (approximately 32.15 troy ounces)
For example, the popular American Gold Eagle coin is produced in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz weights. The Canadian Gold Maple Leaf is available in an even wider range of sizes, including 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, 1/20 oz, and 1 gram denominations.
Why is it illegal to own a $20 gold piece from 1933?
Thanks for asking. Currently, with the exception of the one sold on July 30, 2002, 1933 double eagle coins cannot be the legal possession of any member of the public, as they were never issued and hence remain the property of the United States government.
Is an ounce 28 or 32 grams of gold?
The troy ounce is the equivalent of 31.1034768 grams. A standard ounce is the equivalent of 28.349 grams, or around 10% less.