Been a few months since any government mint Gold Coins have been available from Costco. They are more expensive of course, but command a higher premium easily worth the extra $100.
Probably going to sell out fast and furious.
Remember, 2% from Costco and maybe another 1-3% from a CC and you got yourself quite a bargain. Can flip same day, if you really wanted.
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Been a few months since any government mint Gold Coins have been available from Costco. They are more expensive of course, but command a higher premium easily worth the extra $100.
Probably going to sell out fast and furious.
Remember, 2% from Costco and maybe another 1-3% from a CC and you got yourself quite a bargain. Can flip same day, if you really wanted.
At 91% purity this is inferior to other offerings.
That is not correct, and it's important to understand.
They weigh more to account for the fact they are 22kt. You are still getting exactly 1oz of pure gold, same as if it was 24kt like a gold buffalo or Canadian maple leaf.
That is not correct, and it's important to understand.
They weigh more to account for the fact they are 22kt. You are still getting exactly 1oz of pure gold, same as if it was 24kt like a gold buffalo or Canadian maple leaf.
its about the overall weight, not the purity.
It's right in the description. Contains 1 oz of 91.67% Fine Gold
So it's 0.9167 oz of pure gold. It's really $4,755 for an ounce of gold.
It's right in the description. Contains 1 oz of 91.67% Fine GoldSo it's 0.9167 oz of pure gold. It's really $4,755 for an ounce of gold.
From chat gpt just for you:
An American Gold Eagle contains exactly 1 troy ounce of pure gold in the 1-oz version.
Here's the full breakdown, since the coin is an alloy:
Total weight: 1.0909 troy oz (33.93 g)
Pure gold content: 1.000 troy oz (31.103 g)
Alloy metals: copper and silver (for durability)
Fineness: 91.67% gold (22-karat)
The added copper/silver is why the coin weighs more than 1 oz but still contains a full ounce of gold.
For reference, fractional sizes contain proportionally the same gold:
½ oz Eagle: 0.500 oz gold
¼ oz Eagle: 0.250 oz gold
¹⁄₁₀ oz Eagle: 0.100 oz gold
If you want, I can also compare this to Gold Buffalos, Maple Leafs, or bars in terms of purity, premiums, and resale—especially useful given how closely you track metals.
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They weigh more to account for the fact they are 22kt. You are still getting exactly 1oz of pure gold, same as if it was 24kt like a gold buffalo or Canadian maple leaf.
its about the overall weight, not the purity.
They weigh more to account for the fact they are 22kt. You are still getting exactly 1oz of pure gold, same as if it was 24kt like a gold buffalo or Canadian maple leaf.
its about the overall weight, not the purity.
So it's 0.9167 oz of pure gold. It's really $4,755 for an ounce of gold.
The entire coin is 91.67% gold, and it weighs about 1.1oz. It is 1oz of pure gold if you were to melt it down.
This is an American Gold eagle, this is easily verifiable with a Google search or whatever you want.
This coin contains 1 FULL OUNCE of gold. Not a speck less. It is the most popular gold coin on the planet, silly gooses.
An American Gold Eagle contains exactly 1 troy ounce of pure gold in the 1-oz version.
Here's the full breakdown, since the coin is an alloy:
Total weight: 1.0909 troy oz (33.93 g)
Pure gold content: 1.000 troy oz (31.103 g)
Alloy metals: copper and silver (for durability)
Fineness: 91.67% gold (22-karat)
The added copper/silver is why the coin weighs more than 1 oz but still contains a full ounce of gold.
For reference, fractional sizes contain proportionally the same gold:
½ oz Eagle: 0.500 oz gold
¼ oz Eagle: 0.250 oz gold
¹⁄₁₀ oz Eagle: 0.100 oz gold
If you want, I can also compare this to Gold Buffalos, Maple Leafs, or bars in terms of purity, premiums, and resale—especially useful given how closely you track metals.
Leave a Comment