Actual gold weight

The actual gold weight (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 11/12 troy ounces, and the alloy contained 1/12 part of non-gold metals, the actual gold weight would be one troy ounce.