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<p>[QUOTE=&quot;myownprivy, post: 3644197, member: 84588&quot;]Take the coin weight x % of the the coin that is gold (i.e. fineness) = agw</p><p><br /></p><p>For example: The American Gold Eagle contains gold with a fineness of .9167 and a weight of 1.0909 ounces. </p><p><br /></p><p>So:</p><p>1.0909 x .9167=1</p><p><br /></p><p>Fineness means that whatever size the thing is, the percentage of precious metal will always be that amount. </p><p><br /></p><p>Likewise, any American junk silver that is .9 silver (90% silver). Take the weight of the dime, quarter, or half and multiply it by .9 for the asw. </p><p><br /></p><p>Any item that is stamped sterling silver. Weigh the item and multiply that weight by .925 for the asw of that item.</p><p><br /></p><p>Any gold jewelry that is 14k: weigh the jewelry and multiply by 14/24ths (.583) for the actual gold weight.</p><p><br /></p><p>And so forth.[/QUOTE]</p><p><br /></p>

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