One Grain Gold Bar – 6 Things You Need to Know
A one grain gold bar is an extremely small amount of gold. As a measurement, one grain is the same as .065 of a gram. Alternatively, a one grain gold bar is the same amount as 0.00208 of a troy ounce, which is another popular measurement used by bullion collectors and vendors. Gold is often sold in grains, and new buyers of gold might consider purchasing their bullion in grains before choosing to make larger investments. Because the amount of gold in a grain is so small, some investors also appreciate the level of control over gold quantity this kind of measurement allows them to have.
A one grain gold bar is also an excellent choice as a small gift. With the holidays fast approaching, gold bar gifts are very popular. But gold prices can vary significantly. A one grain gold bar is no exception; prices can shift from month-to-month, or even from one day to the next!
There are also a few smaller considerations in buying a one grain gold bar that consumers should be aware of. For example, new bullion collectors should become educated on which gold mints and distributors offer a certificate of authenticity with its gram bars. These certificates can ensure that a customer is receiving genuine gold bullion for their money.
1. How much is a Grain?
This is one of the first questions new bullion customers have when searching for grain quantities of gold. A grain is an extremely small unit of measurement. Gold is often sold in either ounces or grams. For this reason, it has been difficult in the past for bullion buyers to even find distributors of gold grains. But gold bullion companies have recently begun to take advantage of the massive market for grain amounts of precious metals.
In short, a one grain gold bar is .065 grams. In other words, each grain is about six-and-a-half one-hundredths of a gram. Gold is typically sold using measurements set by the metric system. Grams, ounces, and kilos are some of the most popular amounts of gold in the industry today. But this does not mean that a one grain gold bar doesn’t have its own place in the hearts of some gold bullion collectors.
One Grain Gold Bar Conversion Chart
|1 Grain Gold Bar||1 Troy Ounce Gold Bar||1 Gram Gold Bar|
|.0020833 Troy Ounces||480 Grains||15.432356 Grains|
|.064798918 Grams||31.1 Grams||.03215075 Troy Ounces|
There are many sites online that allow consumers to convert a number of grains into grams, ounces, or even kilos. These tools can make it quite a bit easier for new bullion collectors to buy the right amount of gold for their purposes. Someone buying a gift of gold for a young child on Christmas, for example, might not need a whole gram or an ounce of gold. For people in this situation, grains of gold may be the perfect way to buy.
2. Why Buy a Grain of Gold?
There are several reasons why someone might not want to buy an entire gram, kilo, or 1 ounce of gold bullion. Like we mentioned above, grains of gold are excellent for smaller gifts. The value of gold is more than just monetary. Millions of bullion collectors around the world prize gold for its beauty, collectability, and intrinsic value. While financial systems may come and go, precious metals have always won the hearts of people.
For this reason, smaller amounts of gold are often used as gifts. Grains of gold could be excellent stocking stuffers, for example! While each one grain gold bar is only worth a small amount of money, combining several grains can increase the value of the gift pretty significantly. 1 Grain gold nuggets are also a popular gift given all over the world. Although this amount of gold is very small in weight, it can still be very pure.
24 Karat Gold is often considered to be the standard among bullion collectors all over the world. It is the purest kind of gold that consumers can buy. Grain quantities of gold can certainly be 24K. People who want to buy 1 grain gold bars as gifts should consider looking for the purest strike of gold they can find.
Some investors might also use grain measurements for gold to help increase the liquidity of the collections. Larger weighted gold pieces, such as ounces or kilos, require the investor to liquidate a large portion of their stock at one time in order to obtain the cash they need. If times get tough, it’s often considered wiser to have a high quantity of lower weights of gold. This strategy provides greater reflexibility for when gold investors eventually need to turn their solid metal into liquid capital.
3. Price of Gold in Grains
The price per grain of gold can easily change from one day to the next. The value of this measurement of gold is dependent on the spot price of gold. This term refers to the price that the open market is generally charging for a bullion asset. It is also often called the ‘market price’ of gold. Obviously, when the market value of gold increases, so does the price of gold per grain.
Figuring out the price of a one grain gold bar is not particularly difficult. Gold price tracking websites often include an option for ‘grains.’ Bullion enthusiasts who want to make the calculations themselves can do so by taking the price of a troy ounce of gold and multiplying it by 0.00208. This should present the general price of each individual one grain gold bar, although some companies may charge slightly more or less.
However, the price per grain also depends on its level of purity. Like we explained in the above section, gold purity is measured in Karats. 24 Karat gold, or 24K, is the purest kind of gold available on the open market. 24K is .9999 pure. This means that nothing else is added to the gold; it is completely pure. The most common spot price for gold grains relies on the 24K purity. However, people who want to increase the quantity of gold they receive for their money can do so by decreasing the purity of the gold they shop for.
4. Grain Gold Purity
Like all quantities of gold, grains can come in varying purities. Some bullion distributors sell low-purity gold. This is generally the preference for people who want to buy as much gold as they possibly can. However, the downside to this strategy is that lower purities may be harder to sell if the time ever comes to liquidate stock.
Gold is measured in Karats or K. Karats are often confused with carets, which is a measurement used to weigh gems. In order to be classified as 24K, which is the highest possible purity given to gold, a bullion product must contain over 99.95% pure gold. Karat designations go all the way down to 6K, which would be 25% pure gold.
While lower purity gold is surely more affordable, this affordability comes at a price. Low purities have a different appearance than the 24K gold that some consumers prefer, as different metals make up much of the item’s composition.
When it comes to one grain gold bars, this question of purity is much the same. Consumers can choose to purchase shinier, more expensive grain gold products, while others may prefer cheaper but less aesthetically appealing low-purity versions of the same products.
5. Where to Buy One Grain of Gold
There are a number of ways to purchase gold in grains. While grains often aren’t quite as popular as some larger weights, they are nevertheless available from several different retailer types. Local coin stores and pawn shops are a good place to start searching. Sometimes, bullion products will be available from local stores at an increased discount. But this is not always the case; some local gold salespeople may mark their grain gold up at a premium.
In some ways, online retail is the way of the future for fans of gold, silver, and other precious metals. ECommerce companies can often offer gold and silver at reduced rates by accessing a wider network of wholesale bullion distributors. Some online retailers even have access to gold distributed directly from its original mint.
It is important that new purchasers of gold and silver carefully vet the companies they do business with. In particular, paying attention to the shipping methods of gold bars is essential. Some companies use lax shipping methods to distribute to their customers.
This can lead to chipping, marks, or other blemishes that can really ruin the value of bullion. This is especially important for items with collectible values, such as coins. But it is also important to avoid bad shipping practices with bars and other forms of bullion, including gram bars and grain bars alike.
6. Grains vs. Grams
Some people confuse 1 Grain gold bars with 1 gram gold bars. In fact, so many people mix the two measurements up that a few eCommerce companies have put “NOT GRAMS” in parentheses for all grain-sized bullion commodities they sell! In reality, there’s a big difference between a gram gold bar and a grain, despite how similar they sound.
A 1 grain gold bar is .065 of a gram. It takes around 15.4 grains of gold to equal one gram of gold. This makes gold grains one of the smallest possible measurements of gold available. This doesn’t mean that a one grain gold bar is too small to be of any value. Some companies sell 1 grain gold bars with similar designs to their gram-sized counterparts. Designs on grain bars and grain nuggets can be intricate, making even small quantities of gold a valuable collector’s item to many people.
Frequently Asked Questions About 1 Grain Gold Bars
Readers have frequently asked questions; we have answers. This section will answer some of the biggest questions new bullion purchasers have about buying a one grain gold bar.
Q: Are gold bars better than gold coins?
A: The answer to this question depends on a few factors. The big advantage to gold coins is that they are highly collectible. With yearly releases and brilliantly intricate designs, gold coins bring along with them a long history and a collectible appeal that bars just might not be able to match. But gold bars also have their place in a collector’s vault or safe; their simple designs and classic look are really something to value.
Q: Does a grain weigh less than a gram?
A: Yes! A 1 grain gold bar is approximately .065 the weight of a gram. It takes over 15 grains to make up the weight of just one gram. This makes grain gold one of the easiest ways for less wealthy people to gain access to gold bullion of various kinds.
Q: Where can gold be purchased?
A: Collectors can buy gold from many different retailers. Local pawn shops and gold/silver brokers are a popular option. We generally recommend against buying gold, silver, and platinum from Craigslist, as this site includes little accountability to prevent scammers. Online retailers often provide the greatest selection of gold and silver products.
Q: What is the smallest gold bar size?
A: 1/10 of a grain of gold is likely the smallest gold bar available online. Typically, bigger gold retailers will sell a grain as their smallest quantity of gold, although this is not always the case.
The Bottom Line
One grain gold bar products are a great way for new and old bullion collectors alike to boost the value of their collections. While a grain is only .065 of a gram, this small quantity helps provide increased liquidity to the collection. It’s always easier to quickly sell a bunch of smaller bullion pieces than one large one, if the need arises.
As always, it’s necessary that bullion consumers carefully research before making any purchase of gold or silver bars. Even though one grain of gold is not typically going to break the bank, taking proper measures to prevent damage during the shipping process is very important. Additionally, we advise that collectors stay away from sites like Craigslist to avoid being scammed.
Grain as a measurement of gold has many applications. But for many consumers, a one grain gold bar is a great way to give the lasting gift of gold without spending too much. Gold prices can change from day to day, depending on a multitude of market factors. Despite its low price, many retailers sell grain quantities of gold in an extremely high purity.
Hero Bullion offers a wide variety of gold and silver bullion products. Our shipping process ensures that coins and bars are delivered without the threat of damage, chipping, or other blemishes. We make it easy for gold collectors to buy the bullion products they want without all the hassle.