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grains, fineness and gold value

ibzman350ibzman350 Posts: 5,315 ✭
in Precious Metals
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.
imageimageimage

Comments

  • JimDepotJimDepot Posts: 958 ✭✭
    1 gram = 15.4323584 grains

    About 8 grams?
    image

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    # 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.
  • RedHerringRedHerring Posts: 2,077 ✭


    << <i>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!
  • ibzman350ibzman350 Posts: 5,315 ✭
    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 meimage


    Again thanks for the relies.


    Herb
    Remember it's not how you pick your nose that matters, it's where you put the boogers.
    imageimageimage
  • OPAOPA Posts: 17,125 ✭✭✭✭✭
    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."
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭


    << <i>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
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
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