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Pennyweight – All Facts

FlorianFisher — Thu, 27 Oct 2011 11:22:32 +0000

What is pennyweight? A pennyweight is a not SI-conform mass widely used in North America as a unit of weight in the jewelry trade. It originates from the weight of a British silver penny in the Middle Ages. It is equal to 1/20 troy ounce, 1.56 grams and 24 grains. The pennyweight is abbreviated as [...]

Karat

FlorianFisher — Thu, 20 Oct 2011 10:37:58 +0000

Karat (North-American writing) or Carat (British writing) is a measure for the fineness of gold, mostly used for gold jewelry. It should not be confused with the the diamond weight of karat, which corresponds to 2 gram. The scale of the “gold karat” has a maximum of 24, which is also called fine gold. Karat [...]

Good Delivery Bar

FlorianFisher — Thu, 13 Oct 2011 04:10:38 +0000

A Good Delivery Bar refers usually to the London Good Delivery, describing the physical characteristics of gold (and silver) bars. It is the accepted standard for gold bars. The London Good Delivery List is maintained by the London Bullion Market Association (LBMA). A Good Delivery Gold bar includes the following characteristics: Fineness: minimum of .995 [...]

Troy Ounce Gold

FlorianFisher — Thu, 06 Oct 2011 03:23:38 +0000

A troy ounce is a measure for gold and other precious metals. It corresponds to 31,1034768 gram. Its abbreviation is “t oz”. Troy ounce only refer to the content of pure gold, excluding other materials. Thus, a 1 ounce gold coin weights slightly more, as physical gold always contains other metals. The troy ounce has [...]

Tola Gold Bars

FlorianFisher — Thu, 29 Sep 2011 08:59:18 +0000

One tola corresponds to 0.375 ounce (11.1g). This unit of weight originates from the Indian subcontinent. It was standardized in 1833 by the British as 180 troy grains or exactly 3/8 troy ounce. However, the tola was in use much longer. The most popular size is the ten tola bar. But there exist also one [...]

Tael Gold Bars

FlorianFisher — Thu, 22 Sep 2011 08:41:06 +0000

One tael equals 1.20337 troy ounces (37.4290g). Centers for gold trading in tael bars are Hong Kong and Taiwan. 1. The gold is mostly traded in 5 and 10 tael. A basic tael gold contract consists of 100 tael, combined of 5 times 20 tael bars. A tael was a Chinese currency unit and measurement [...]

Fineness of Gold

FlorianFisher — Thu, 15 Sep 2011 10:23:12 +0000

Fineness, or purity, refers to the gold content in bars, coins or jewelry. Also known as Millesimal fineness, it is indicated in 1000 parts of the whole weight. Bullion gold coins have commonly a fineness of .999 (e.g. George the Victorious) and .9999 (e.g. Maple Leaf). The gold market accepts gold bars only up to [...]

Israeli “Jerusalem of Gold” Coin

FlorianFisher — Thu, 08 Sep 2011 04:18:18 +0000

The Jerusalem of Gold is a bullion coin first issued in 2010 by the Bank of Israel. The coin is named after the yearly changing motive: “The Tower of David” for the 2010 coins, and “The Western Wall” for the 2011 series. The 24-karat (.9999 fineness) coin has legal tender status and is minted only [...]

Malaysian Kijang Emas Gold Coin

FlorianFisher — Thu, 01 Sep 2011 10:13:42 +0000

The Kijang Emas is a gold bullion coin struck by the Royal Mint of Malaysia. It was first issued in 2001. The purity is 999,9 (24 karat). Its weights are 1/4, 1/2 and ounce, with denominations of 50, 100 and 200 Ringgit. The obverse of shows barking deer (“kijang”) in the Malaysian jungle. It also [...]

Mexican Libertad Gold Coin

FlorianFisher — Thu, 25 Aug 2011 09:03:25 +0000

The Mexican Libertad is a bullion gold coin issued by the Casa de Moneda de Mexico from 1981. It is legal tender in Mexico. Until 1990 the coin’s purity stood at .900 (21.6 karat). From 1991 the fineness was increased to .999 (24-karat) and the denominations expanded from 1/4oz, 1/2oz, 1 ounce to also include [...]