American Eagle Weight - Gold

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

American Eagle Weight - Gold

Postby franklin » Sat Aug 15, 2020 6:41 pm

Today at a gun show a vendor had a 1/2 oz gold American Eagle for sale for $10 over melt (half of the ounce going price). I took my handy dandy cheap digital scale with me and had already weighed a silver one ounce eagle and came up exactly 1.00 troy ounce.
When we put his 1/2 oz gold eagle on it, it repeatedly weighed 0.55 ozt. I was concerned enough that I didn't pull the string on a deal. I don't have one at home to test so am wondering if there is a discrepancy in these coins.
Any help appreciated.
franklin
Penny Collector Member
 
Posts: 327
Joined: Mon Aug 16, 2010 3:00 pm

Re: American Eagle Weight - Gold

Postby 68Camaro » Sat Aug 15, 2020 6:59 pm

Gold eagles aren't pure, they are 22 kt, so to contain a fixed amount of gold they have to weigh more than that. A 1/2 toz of gold AGE weighs 0.5454 toz - the rest of the weight is alloy.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
User avatar
68Camaro
Too Busy Posting to Hoard Anything Else
 
Posts: 8253
Joined: Thu Dec 30, 2010 6:12 am
Location: Disney World

Re: American Eagle Weight - Gold

Postby franklin » Sat Aug 15, 2020 7:29 pm

Many thanks, 68.
franklin
Penny Collector Member
 
Posts: 327
Joined: Mon Aug 16, 2010 3:00 pm

Re: American Eagle Weight - Gold

Postby 68Camaro » Sun Aug 16, 2020 6:49 am

franklin wrote:Many thanks, 68.


Gold buffalos however, are pure. As well as Canadian gold maples.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
User avatar
68Camaro
Too Busy Posting to Hoard Anything Else
 
Posts: 8253
Joined: Thu Dec 30, 2010 6:12 am
Location: Disney World


Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 10 guests

cron