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Topic Title: grains, fineness and gold value
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Created On: 5/29/2010 9:21 AM
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 5/29/2010 9:21 AM
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ibzman350
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Posts: 5574
Joined: 11/21/2003

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

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 5/29/2010 9:28 AM
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JimDepot
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1 gram = 15.4323584 grains

About 8 grams?


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 5/29/2010 9:34 AM
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gsa1fan
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# 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

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 5/29/2010 9:38 AM
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RedHerring
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<< 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!
 5/29/2010 9:49 AM
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ibzman350
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Joined: 11/21/2003

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

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Remember it's not how you pick your nose that matters, it's where you put the boogers.
 5/29/2010 11:06 AM
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OPA
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Your "loot," based on $1214 spot, is worth about $53 per bar

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

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 5/30/2010 7:08 AM
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halfhunter
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Joined: 3/6/2007



<< 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

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