Hi I'm Lynne
Welcome to our video today which is How Much Gold
Does a 1-ounce Gold Coin Contain? A lot of people think that 24 carat gold
coin
contains more gold than the 22 carat one.
This is not the case. It's like saying which weighs more
1 tonne of bricks or 1 tonne of feathers? They both weigh exactly the same.
Here at Chards we have a selection
1-ounce gold coins available for investment.
They include the 22 carat
which are the South African Krugerrand and the Britannia
minted before 2013 and the American Eagles.
Our 24 carat coins include
the Austrian Philharmonicas, the Australian Nuggets and the Lunar series,
the Canadian Maples
and we also have the Britannias minted after 2013
the Manx Cats and Angels and the Royal Mint
which this year is the Year of the Sheep. Almost daily we find ourselves telling
our customers
the Krugerrand contain exactly the same amount of gold as
Canadian maples. Whether the coin is 22
or 24 carat they're still purchasing
one troy ounce of gold. One troy ounce is equivalent to 31.1035 grammes
and it's traditionally how precious metals
are weighed and traded. The one ounce coins will weigh differently
and the 22 carat will always weigh heavier. The easiest way to explain this is
with the Britannia.
The Britannia minted before
2013 is 22 carat
away 34.05 grams.
The Britannia minted after 2013
is 24 carat and weighs 31.21 grammes.
They both contain
exactly the same amount of gold.
The 22 carat one weighs more because of the addition of
extra metals and this is the same for all 22 carat coins.
But they both contain exactly the same amount of gold.
The percentage of alloys which is not gold
is usually copper but can also be a small amount of silver.
Why 22 carat? Well over the years
it's been found to be good alloy for gold coins.
It's almost impervious to chemical attack
and tarnishing yet hard enough to withstand decades of
wear and tear. Why 24 carat?
Why not? Originally the sole purpose
of gold coins was to circulate everyday money.
Therefore they needed to be durable. Coins intended purely for
storage as bullion however, do not have this requirement.
Therefore there's no reason against using pure gold.
Whatever your reason or your preference all one ounce gold coins contain
exactly the same amount of gold. As always,
we recommend that you look for the lowest
premium over gold to make sure you get the most at your investment.
Thank you for watching today. If you would like more information
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