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Various ways of expressing fineness have been used and two remain in common use: millesimal fineness expressed in units of parts per 1,000 [1] and karats or carats used only for gold. Karats measure the parts per 24, so that 18 karat = 18 ⁄ 24 = 750 ‰ and 24 karat gold is considered 100% gold. [2]
Gold fineness in carats comes from carats and grains of gold in a solidus of coin. The conversion rates 1 solidus = 24 carats, 1 carat = 4 grains still stand. [16] Woolhouse's Measures, Weights and Moneys of All Nations [17] gives gold fineness in carats of 4 grains, and silver in troy pounds [17] of 12 troy ounces of 20 pennyweight each.
The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 24.0 lb) and 430 ozt (13.4 kg; 29.5 lb). The minimum purity required is 995 ‰ gold.
Gold coins for sale at the Dubai Gold Souk. A gold coin is a coin that is made mostly or entirely of gold.Most gold coins minted since 1800 are 90–92% gold (22‑karat), while most of today's gold bullion coins are pure gold, such as the Britannia, Canadian Maple Leaf, and American Buffalo.
The 22 kt gold alloy is an English standard traditionally referred to as "crown gold". Crown gold alloys had not been used in U.S. coins since 1834, with the gold content having dropped since 1837 to a standard of 0.900 fine for U.S. gold coins. For American Gold Eagles the gold fraction was increased again to .9167 or (22 karat).
Buying physical gold bars is a popular option for investors looking to add gold to their portfolio. However, choosing the right size bar can be confusing, given the range of weights available ...
Nuggets are usually 20.5 to 22 karat (k) purity, meaning they are 83% to 92% gold by mass. Gold nuggets in Australia are often 23 k or slightly higher, while Alaskan nuggets are usually at the lower end of the spectrum. Purity can be roughly assessed by nugget color: the richer and deeper the orange-yellow, the higher the gold content.
The different colors of gold used for leaves and other details are made when the pure 24 Karat yellow gold is alloyed with copper to achieve the traditional 14 karat pink (or red) gold, and the gold is combined with silver to create the 14 karat green gold. The resulting gold bars are then readied for rolling.
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