Actual gold weight

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