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.
American Eagle Weight - Gold
4 posts
• Page 1 of 1
American Eagle Weight - Gold
by franklin » Sat Aug 15, 2020 6:41 pm
- franklin
- Penny Collector Member
- Posts: 327
- Joined: Mon Aug 16, 2010 3:00 pm
Re: American Eagle Weight - Gold
by 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.
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.
-
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
by 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.
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.
-
68Camaro - Too Busy Posting to Hoard Anything Else
- Posts: 8253
- Joined: Thu Dec 30, 2010 6:12 am
- Location: Disney World
4 posts
• Page 1 of 1
Return to Silver Bullion, Gold, & other Bullion Metals
Who is online
Users browsing this forum: No registered users and 10 guests