Check Out Our CURRENT INVENTORY by clicking HERE.

 By Appointment Only

Tip of the Week – Purity of Gold Typically Doesn’t Affect Gold Content of Gold Coins

We have seen several coin dealers and coin buyers over the years that have provided inaccurate information on the purity of gold coins and how it affects the gold content of the coins, so we thought we would take this opportunity to set the record straight.

It’s important to know that while the purity of gold coins may vary, the gold content or amount of fine or pure gold generally remains the same.  For example, American gold buffaloes and Canadian gold maple leaf gold coins are 24k gold and contain 31.1 grams of pure gold.  This is equivalent to one troy ounce of fine gold.

On the other hand, American gold eagles and South African gold krugerrands, which are 22k gold coins, are composed of gold and other alloys.  However, they contain exactly one troy ounce of fine gold, such as their 24k counterparts.  The difference is that the total weight of the coins are increased to take into account the lower purity of gold.  American gold eagles and South African gold krugerrands weigh 33.93 grams, which is 2.83 grams heavier than 24k gold coins.

In summary, whether you have in your possession 22k or 24k gold coins, it is likely that they both contain the same amount of pure gold, so if you have a coin dealer that is trying to convince you otherwise, we suggest that you look elsewhere.

Tony Davis
Tony Davis
Tony Davis is the owner of Atlanta Gold & Coin Buyers, a full service Atlanta based coin and bullion dealer specializing in buying, selling and appraising coins and coin collections of all types and sizes. Tony frequently writes on various economic and numismatic related topics affecting the coin and bullion markets and has been published on some of the industry’s leading websites, including Coin Week, the American Numismatic Association, Coin Collector, Coinflation, and Coin Auctions Help, just to name a few. Visit Atlanta Gold & Coin’s website at to obtain additional information on the products, services and educational resources offered by his company. Tony can be reached at or at 404-236-9744
Atlanta Gold & Coin Buyers, Rare Coin Guide

Get Our Rare Coin Guide

Download our Rare Coin Guide! View key dates and rare mint marks for US minted coins.

Please contact us for an appointment.

Share to...