2009 Ultra High Relief Double Eagle Gold Coin Online Exhibit
Case 1: The Gold
GOLD COINAGE IN AMERICA
The United States Mint procures gold bars for the production of gold coins from refiners who acquire newly mined gold ore from sources in the United States. This gold must be .9999 grade or higher (24-karat) and fabricated into a standard bar of 400 +/- 50 troy ounces that is marked with the fineness, the melt number and/or bar number for identification and weight, and an approved hallmark.
Each U.S. gold bar weighs about 27.4 pounds. The July 22, 2008, “London Fix” closing price of gold was $961.50 per troy ounce, making each bar worth about $384, 645 on that date.
Based on the July 22, 2008, London Fix, the total value of the six bars on display is approximately $2,307,870.