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The price of the coin is $500, so we divide the cost by the gold weight: $500 / 7.32 = $68.30 per gram. Now we can compare the prices of the two items on an apples-to-apples basis. There are two methods: Convert both prices to ounces. We already have $2,000 per ounce for the Gold Eagle.

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Although most government mints strike gold coins at the 0.999 (99.9%) purity standard, many exceptions are found on the market. Check the purity of the gold in a coin before buying. This purity can range from 0.916 (91.67%) pure gold, also called 22-karat gold, to 0.9999 (99.99%) pure gold, also dubbed the four-niner purity. Weight

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Gold bars have a higher gold content, at 99.5% pure gold. But coins can be more attractive for other reasons. “There are many highly coveted gold coins that are sought after for their uniqueness ...

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