gold nugget

14 Precious Metals Terms All Investors Should Know

May 13th, 2015 by

Are you new to precious metals investing? Wondering why people want to buy “junk” silver, or what “fineness” is? Our friends at the Perth Mint Bullion Blog have put together a quick little glossary of terms to get you started.

We’d like to add a little something to that list: ASW and AGW stand for “Actual Silver Weight” and “Actual Gold Weight,” and correspond to “fine weight” in the Perth Mint article. The ASW is the amount of pure silver contained in the coin’s alloy, and AGW is the amount of gold contained in a coin’s alloy.