Quick Links:   Collectors Corner | PCGS | PSA | PSE | PSA/DNA | CU | Coinflation



Navigation:


FORUMS > PRECIOUS METALS [ REFRESH ]
Thread Title: grains, fineness and gold value
Created On Saturday May 29, 2010 9:21 AM


ibzman350
Master Collector

Posts: 5573
Joined: Nov 2003

Saturday May 29, 2010 9:21 AM

User is offline View users profile View thread in raw text format

I need some help please.

I have 6 Franklin Mint medals each has 42 grains of .500 fine gold.

How much gold is in these 6 medals??



Herb

-------------------------
Remember it's not how you pick your nose that matters, it's where you put the boogers.


Edited: Saturday May 29, 2010 at 11:39 AM by ibzman350

Reply
Quote
Top
Bottom



JimDepot
Veteran

Posts: 974
Joined: Jun 2006

Saturday May 29, 2010 9:28 AM

User is offline View users profile View thread in raw text format

1 gram = 15.4323584 grains

About 8 grams?


-------------------------




Edited: Saturday May 29, 2010 at 9:32 AM by JimDepot

Reply
Quote
Top
Bottom



gsa1fan
Master Collector

Posts: 5092
Joined: Jun 2008

Saturday May 29, 2010 9:34 AM

User is online View thread in raw text format



# Grain:
An ancient unit which was originally based on the weight of a grain of wheat. The grain is the smallest unit of weight in the avoirdupois, troy, and apothecaries systems. Surprisingly it is identical in all three systems.
1 grain = 64.8 milligrams
1 grain = 0.0648 grams
4 grains = 1 carat
15.432 grains = 1 gram
20 grains = 1 scruple
24 grains =1 pennyweight
480 grains = 1 troy ounce
5760 grains = 1 troy pound
437.5 grains = 1 ounce avoirdupois
7000 grains = 1 pound avoirdupois
Grain = 1/7000 avoirdupois pound
Grain = 1/5760 apothecary or troy pound
Grain = 0.0022857 avoirdupois ounce
Grain = 0.0020833 apothecary or troy ounce
Grain = 0.03657143 avoirdupois dram
Grain = 0.016667 apothecary or troy dram
Grain = 0.0416667 troy pennyweight
Grain = 0.05000 apothecary scruple
Grain =0.064798918 gram
Grain =0.3240 metric carat
Grain =64.798918 milligram

-------------------------
Avid collector of GSA's.


Reply
Quote
Top
Bottom



RedHerring
Collector

Posts: 2137
Joined: Mar 2009

Saturday May 29, 2010 9:38 AM

User is offline View thread in raw text format



<< 1 gram = 15.4323584 grains >>



I would add, 42 grains of .500 fine means to me that you have 21 grains of gold or 1.36 grams agw (actual gold weight).

1.36 grams / 31.1 grams per troy ounce = 0.044 troy ounces of gold. About the amount of gold found in a U.S. gold dollar.

Those must be some tiny medals!

Reply
Quote
Top
Bottom



ibzman350
Master Collector

Posts: 5573
Joined: Nov 2003

Saturday May 29, 2010 9:49 AM

User is offline View users profile View thread in raw text format

Thanks for the replies

Yes red they are small, actually they look to be close to the size of the $5 ASE.

So I have 21 grains agw in each medal.

I bought these at a local auction back in 03 for $6.66 each....................works for me


Again thanks for the relies.


Herb

-------------------------
Remember it's not how you pick your nose that matters, it's where you put the boogers.


Edited: Saturday May 29, 2010 at 11:38 AM by ibzman350

Reply
Quote
Top
Bottom



OPA
Choose Your Title

Posts: 12576
Joined: Feb 2007

Saturday May 29, 2010 11:06 AM

User is offline View thread in raw text format

Your "loot," based on $1214 spot, is worth about $53 per bar

Here is a great conversion calculator... Gold value calculator

-------------------------
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."

Edited: Saturday May 29, 2010 at 11:07 AM by OPA

Reply
Quote
Top
Bottom



halfhunter
Collector

Posts: 2316
Joined: Mar 2007

Sunday May 30, 2010 7:08 AM

User is offline View users profile View thread in raw text format



<< Your "loot," based on $1214 spot, is worth about $53 per bar

Here is a great conversion calculator... Gold value calculator
>>



A little OT, but that is by far the BEST PM calculator out there IMO. I have it in my "Favorites" toolbar for quick reference & use it often. I like it better than Coinflation because it does everything including most major foriegn coins.

HH

-------------------------
Always hunting for OBW rolls ! ! !

Reply
Quote
Top
Bottom

FORUMS > PRECIOUS METALS [ REFRESH ]
View Member Listing | Add To Member Listing

Privacy Policy | Terms of Use | Terms of Membership

Collectors Universe, Inc., or any subsidiary or affiliate is not responsible for the accuracy, completeness or validity of any information contained in any messages.

FuseTalk 3.0 - Copyright 1999-2002 e-Zone Media Inc. All rights reserved.