silly question sorry

C

craig12

New Member
could anyone help please as im brand new metals, what is the difference between say a 1 oz krugerand and a 1oz maple
one says .999 gold the other says 22 carat gold but dosent mention .999 gold there about the same value
when we talk about 1oz of gold is the krugerand less than 1oz i think it may mention 1 troy oz or 33.33 or similar
what is a troy oz is it less than 1oz? sorry for such a silly question
regards craig
 
There is no such thing a silly question. I used Google to refresh my memory on this:

Carat conversion:
58.33% - 62.50% = 14k (acclaimed 58.33%)
75.00% - 79.16% = 18k (acclaimed 75.00%)
91.66% - 95.83% = 22k (acclaimed 91.66%)
95.83% - 99.95% = 23k (acclaimed 95.83%)
99.95 and above = 24k (acclaimed 99.99%)

http://en.wikipedia.org/wiki/Carat_(purity)

1 Troy ounce is 31 Grams
a normal ounce is 28 grams

Hope this helps :)
 
But Krugs contain one troy ounce of gold. They are 22 karat and so actually weight a bit more than 1 troy ounce, but they contain 1 troy oz of gold mixed with copper (I think) to make it harder.

Same goes for 22kt sovereigns, but obviously the amount of gold is much less (about 7.5 grams)
 
Guessing your Google got broked :p

Kruggs are 1.09 troy oz in weight but the .09 is made of copper to make the coin more durable while in circulation.

The 5 9's Maple is 1 troy oz of the purest gold available (mined in Canadia) and so isn't suitable for general circulation.

A troy oz is is a measurement used specifically for PM's derived from the Roman (or Greek?) weights system. Avoirdupois is another type of weight (slowly being replaced by metric) and is used to measure general things in pounds etc
 
Coins intended for circulation are usually mixed with copper to harden them. .999 gold is too soft for this.

So Krugs have the same amount of gold as a gold eagle or Britannia, but weigh a little more and are more scratch-resistant.

Indeed, the little bit of copper technically means they are worth a tiny fraction more, but this is miniscule.
 
That's why I prefer junk above bullion, the 90% resists the physical handling better. That junk circulates for centuries without being melt, the 999, lol give it a couple years (and in some cases even brandnew - milkspots), and they already appear at dealers at a price reduction due to 'circulation' damage, and just between stackers, not actual circulation in shops etc haha.
Junk is King, I'd say.
 
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