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|AGW = Weight of Actual Fine Gold Content in Troy Ounces|
AGW = Actual Gold Weight
In line with Krause, we usually quote the actual fine gold content of most coins in troy ounces. The price per troy ounce is the most widely quoted price for precious metals.
To convert gross weight in grams to actual intrinsic gold content:
Gross weight in grams / 31.1035 = Gross weight in troy ounces.
Gross weight in troy ounces x Fineness (alloy) = actual fine content in troy ounces.
Accuracy & Tolerance Examples
|Coin||Gross Weight in Grams||Fineness||Gross Weight in Troy Ounces||Fine Gold Content in Grams||Actual Fine Gold Content (AGW) in Troy Ounces|
|Gold Sovereign||7.9881||0.9166||7.9881 / 31.1035 = 0.256823||7.9881 x 0.9166 = 7.321892||0.256823 x 0.9166 = 0.235404|
We quote dimensions and other measurements on our websites, including weights, as accurately as possible. Where possible, we take the dimensions directly from coins in our possession, but for other coins, we may have to rely on measurements from printed material, which can be less accurate.
While we are happy for you to make use of all the information published on our websites, we accept no responsibility for its accuracy, and you make use of it at your own risk.
If you note any errors or omissions, we would be delighted to hear from you.
Figures shown in the "Weight" column of our web pages are normally the gross (actual) weight shown in grams.
Other Weights Used for Coins & Precious Metals
A list and brief discussion of other weight standards used for coins or precious metals.
You may wish to visit some of our other pages:-
Allergies to Gold Jewellery
Hardness & Durability of Gold Alloys
What is White Gold?
Density of Gold & Other Metals
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