Gold(Au) and Silver(Ag) is sold upon four nines fine, ie; 0.9999 as considered pure gold & silver. This is only achieved by the electroplate refining process.
AU & AG are sold on the troy ounce
There's only two names that can be trusted too yield 1oz of .9999 fine without additional refining, and that is Englehard or Johnson Matthey. They contain no alloys.
I haven't checked recently but the Canadian Maple Leaf was a 1oz AU round of .9999 fine. They weigh 1oz. I would want to confirm that before buying them today. This coin contains no alloys or did not.
ALL other gold coins may contain 1oz of gold BUT not 1oz of .9999 AU. They will weigh more than 1oz as they contain "other" metals so you can "refine" 1oz of .9999 AU. All of this type of coin has alloys added to the gold/silver.
In the 1800's, the Chinese would get a USA $20 gold coin and rub the coin in a silk bag thus removing a small amount of gold/silver. When they had that coin wore down they would exchange for another coin and do the same. They could make wages doing this with gold at $25oz!
NEVER buy precious metals and let a company(Bank) hold them for you. This has been a scam for over a thousand years.
Very seldom will you ever get the "premium" back when selling your investment. The normal is you will get spot. The premium is a manufacturing/refining charge. ONLY in a heavy buying market will you get more than spot gold price when you sell.
Tons of scammers in the gold/silver bullion market.
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