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What is AGW? (Actual Gold Weight)...
Ian Russell on Sun, Oct 30, 2011 09:04:05 PM
AGW of a bullion coin or bar is the amount of fine, pure, or intrinsic gold content in troy ounces. It is typically used to describe gold or silver coins. For example, if a certain coin weighed 12/11 troy ounces, and the alloy contained 1/12 part of non-gold metals, the actual gold weight would be one troy ounce.
This Chinese coin contains 1 oz. of gold:
China 2011 500 Yn Gold Panda PCGS MS-69 (AGW 1.00 oz.)
This British coin contains just under 1/2 oz. of gold:
Great Britain 2002 Two Pounds Gold Sovereign PCGS Proof-69 DCAM (AGW 0.4708 oz.)