Actual Size 5 Oz Gold Bar

The price of gold has been a big story this summer with spot prices recently reaching over 1500 per ounce which is a six year high.

Actual size 5 oz gold bar.

The 50 gram gold bar is a bit more than 1 5 troy ounces and feels very solid in the palm of your hand. In other words often the largest gold bar weights are not exact and therefore cannot be traded without adequate record keeping weighing and assaying. Its diameter is 1 287 inches or 32 70mm with a thickness of 0 116 inches or 2 95mm making it approximately the same size as a u s. Fast free shipping.

Unique gold shapes and quantities available. It weights about 400 ounces or 25 pounds. 100 satisfaction guaranteed shop apmex. The price per ounce is definitely less than the smaller size bars which can make a larger bar like this more economical than buying 50 1 gram bars or 5 10 gram bars.

Gold bars sometimes referred to as gold ingots are minted in a variety of sizes anywhere between 1 and 400 oz. A standard gold bar measures 7 x 3 5 8 x 1 3 4 inches according to the united states mint. In 2019 gold has gone up 295 per ounce or 24 37 and in the past month alone it is up 97 or 6 9 as of august 8 2019. Here we examine changing gold bar weight standards.

Each american buffalo coin contains exactly one troy ounce or 31 1035 grams of pure gold. The internationally accredited standard dictates it must weigh between 350 and 430 ounces. Opens in a new window opens an external site opens an external site in a new window. The largest bars typically carry the smallest premium and are often traded on major exchanges e g.

Gold bars weights are highly variant and often are not even homogenous nor fully fungible. Goldline is proud to be the exclusive dealer of the 2019 legal tender bar. 25mm 0 98 inches length.