why it is essential is, by being familiar with the weight of a coin a gold investor can determine if a coin is genuine. Because of gold’s density it is one of the hardest metals to counterfeit. When it is possible it is advised for an investor to weigh each coin before purchasing. When it comes to purchasing coins over the Internet, it is advised to research the business practices and reputation of any dealer before purchasing. Also it is advised for an investor to weigh the coin or coins after receiving them by delivery.
It is essential for an investor to know that different types of coins will have different weights but contained the same quantity of gold. One explanation for this is, some gold pieces are made with the quantity of gold plus other alloys. The reason for this practice is other metals are incorporated within a gold coin to make it more durable. A gold piece with additional alloys should weigh a little more than a pure gold coin that contains the same quantity of gold. This extra weight is the gold the coin contains plus any additional alloys. Gold pieces that are minted with alloys will be lower than 24 carats or below 999.99 pure.
A final thing that a gold investor should know is that usually gold coins or bars are weighed in a unit known as a troy ounce. One troy ounce is equivalent to 31.1034768 grams. Generally the scales that are used to weigh coins will be in grams. It’s recommended for an investor to be acquainted with the weight of a particular coin in grams. It’s also recommended for an investor to be familiar with the size of a coin in troy ounces or fractions of a troy ounce as well, when appropriate. Gold coins are one of the best ways to invest in gold. Having knowledge of the weights of coins will make the process of authenticating gold pieces easier.