Gold bars are some of the most popular bullion purchases made by collectors all around the world! Their versatility, purity, and value make them a worthy buy for anyone interested in owning gold.
Gold bars come in a variety of weights, so it can be hard to determine the difference in size and cost if you’re new to bullion collecting! Here is everything you need to know about gold bar weight!
Buy gold bars today.
When it comes to the weight of gold bars, there are many options to choose from when you’re looking to buy. From bars the weight of a paperclip to rare, oversized gold bars that weigh over 500 pounds, there are countless options to choose from when it comes to gold bar weights.
There are many standard gold bar weights that are common in the bullion world:
Each of these gold bar weights has its benefits. The smaller weights are more affordable for the beginning bullion collector, are easier to store, and are relatively easy to liquify if you choose to sell. Larger-sized bars are usually a better value but are more expensive up front because of the high quantity of gold content. These bars are also harder to store due to their large size and heavy weight.
If you’re new to the world of collecting gold, you might be wondering what a troy ounce is. It’s important to understand the difference between a troy ounce and a regular ounce so you get exactly what you are paying for!
A troy ounce is equal to 1.097 traditional ounces, so a 1-ounce gold bar actually weighs 1.097 ounces — the 1 ounce denotation refers to the fact that each gold bar weighs one troy ounce. So, the 1 oz gold bars we sell here at Nationwide Coins weigh one troy ounce or 1.097 traditional ounces. You never have to worry about getting short changed with our gold bars.
With so many gold bar weights to choose from, you might be wondering what the best weight is for you to purchase. As we’ve briefly stated earlier, smaller bars are easier to store because of their smaller size and lighter weight, while larger bars are harder to store due to their larger size and heavier weight.
Buy gold bars today.
At the end of the day, the best gold bar weight for you to purchase is the one that fits your budget, storage solution, and collection goals. Each of these factors will influence the gold bar weight you decide to purchase, and the perfect weight will be different for everyone!