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One-troy-ounce (480 gr; 31 g) samples of germanium, iron, aluminium, rhenium and osmium A Good Delivery silver bar weighing 1,000 troy ounces (83 troy pounds; 31 kg) Troy weight is a system of units of mass that originated in the Kingdom of England in the 15th century [ 1 ] and is primarily used in the precious metals industry.
A troy ounce (abbreviated oz t) is equal to 480 grains. Consequently, the international troy ounce is equal to exactly 31.1034768 grams. There are 12 troy ounces in the now obsolete troy pound. Today, the troy ounce is used only to express the mass of precious metals such as gold, platinum, palladium, rhodium or silver.
The original mercantile pound of 25 shillings or 15 (Tower) ounces was displaced by, variously, the pound of the Hanseatic League (16 tower ounces) and by the pound of the then-important wool trade (16 ounces of 437 grains). A new pound of 7,680 grains was inadvertently created as 16 troy ounces, referring to the new troy rather than the old ...
A pennyweight (dwt) is a unit of mass equal to 24 grains, 1 ⁄ 20 of a troy ounce, 1 ⁄ 240 of a troy pound, approximately 0.054857 avoirdupois ounce [1] and exactly 1.55517384 grams. [2] It is abbreviated dwt, d standing for denarius – (an ancient Roman coin), and later used as the symbol of an old British penny (see £sd).
initialism = an abbreviation pronounced wholly or partly using the names of its constituent letters, e.g., CD = compact disc, pronounced cee dee; pseudo-blend = an abbreviation whose extra or omitted letters mean that it cannot stand as a true acronym, initialism, or portmanteau (a word formed by combining two or more words).
Avoirdupois (/ ˌ æ v ər d ə ˈ p ɔɪ z, ˌ æ v w ɑːr dj uː ˈ p w ɑː /; [1] abbreviated avdp.) [2] is a measurement system of weights that uses pounds and ounces as units. [3] [4] It was first commonly used in the 13th century AD and was updated in 1959. [4]
Goldman Sachs predicts gold could reach $3,000 per ounce by the second quarter of 2026 amid ... China's central bank added 330,000 troy ounces of gold to its reserves in a second month of ...
The troy pound (5760 grains) was used for precious metals, the apothecaries' pound, (also 5760 grains) was used by pharmacists and the avoirdupois pound (7000 grains) was used for general purposes. The apothecaries and troy pounds are divided into 12 ounces (of 480 grains) while the avoirdupois pound has 16 ounces (of 437.5 grains).