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The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 pennyweights), and the troy pound (12 troy ounces). The troy grain is equal to the grain unit of the avoirdupois system, but the troy ounce is heavier than the avoirdupois ounce, and the troy pound is lighter than the avoirdupois pound. Legally, one troy ounce ...
A troy pound (abbreviated lb t [26]) is equal to 12 troy ounces and to 5,760 grains, that is exactly 373.241 7216 grams. [27] Troy weights were used in England by jewellers. Apothecaries also used the troy pound and ounce, but added the drachms and scruples unit in the apothecaries' system of weights.
In the early 14th century several other specialized weight systems were used, including the weight system of the Hanseatic League with a 16-ounce pound of 7200 grains and an 8-ounce mark. [citation needed] However, the main weight system, used for coinage and for everyday use, was based on the 12-ounce tower pound of 5400 grains.
Additionally, the kilobar, weighing 1,000 grams (32.15 troy ounces), and the 100-troy-ounce (109.7-ounce; 6.9-pound; 3.1-kilogram) gold bar are popular for trading and investment due to their more manageable size and weight. [1] These bars carry a minimal premium over the spot price of gold, facilitating small transfers between banks and ...
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 pound in question is the Tower pound. The Tower pound, abolished in 1527, consisted of 12 ounces like the troy pound, but was 1 ⁄ 16 (≈6%) lighter. The weight of the original sterling pennies was 22½ troy grains, or 32 "Tower grains". [26]: 116
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The traditional English apothecaries' system of weights is shown in the first table in this section: the pound, ounce and grain were identical to the troy pound, ounce and grain (also used to measure weights of precious metals; distinct from the avoirdupois pounds and ounces that were used for measurements of other goods.)