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Spot Prices:
Gold Ask 1,304.56 -1.75 Open: 1,306 High: 1,311 Low: 1,303
Silver Ask 16.59 -0.03 Open: 16.62 High: 16.79 Low: 16.57

Why does the 1 oz American Gold Eagle Coin weigh more than one troy ounce?

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  • Why does the 1 oz American Gold Eagle Coin weigh more than one troy ounce?
American Gold Eagles are 91.67% gold. To make the coin more durable, the other 8.33% is composed of silver and copper. When considering the weight of American Gold Eagles, one must account for the additional alloys. The 1 oz American Gold Eagle is composed of one troy ounce (approximately 31.1 grams) of gold. The silver and copper add approximately 2.8 grams, bringing the total weight of the 1 oz American Gold Eagle Coin to approximately 33.9 grams.
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