American Gold Coins Price

Posted Mar.21, 2010 under Price of Gold Coins

American Gold Coins Price
$ 1391.32 per ounce .. How much per gram?

For my science homework, I find the amount of gold coins from Australia would cost if they were pure gold. I realized that (in Australian dollars) an ounce of gold costs of $ 1391.32 .. considering that in U.S. dollars which costs $ 904.5 per ounce, which changed to Australian dollars by dividing by 0.6501 (the exchange rate between U.S. dollar and Australian dollar that I'm using). Now I must find a way to change that price price per gram. How the hell I do that .. Once again: AU Gold costs $ 1391.32 per ounce want to know how much it would cost per gram. If one ounces equals approx. 28 grams, I will multiply my money by 28? Thank you very much, my science teacher refuses to help me -.- Thanks again! This will really help me! I have to do for the silver coins and also it is so annoying! Of anyway - help me, the answer! The better the response:):)

I Monfri's almost right. The error is that precious metals are measured in troy ounces, not avoirdupois oz. There are 31.1 grams in a troy ouce, which is necessary to divide by 31.1, not 28. One of the beauties of the metric system is that a gram is always a gram, but in English American system an ounce can be many things.

1839 - 1908 Random Date $5 US Liberty Gold Coin