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Question about: Troy ounces

TennesseeDaveTennesseeDave Posts: 4,780 ✭✭✭✭✭
in Precious Metals
Why are most silver bars weighed in troy ounces?(possible dumb question) Is that the same as US ounces? I once had a Troy pound of silver that was only 12 U.S. ounces....
Trade $'s

Comments

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    The Troy system of weights is reserved for precious metals and there are 12 Troy ounces in a Troy pound. Everything else is weighed in the avoirdupois system of weights.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    Troy oz = 31.10 grams
    US ounce = 28.35 grams
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>Troy oz = 31.10 grams
    US ounce = 28.35 grams >>



    I've never heard of the avoirdupois ounce refered to as a US ounce but both systems are used in this country with each being used for a different purpose.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • UnknownUnknown
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  • tneigtneig Posts: 1,505 ✭✭✭


    << <i>The Troy system of weights is reserved for precious metals and there are 12 Troy ounces in a Troy pound. Everything else is weighed in the avoirdupois system of weights. >>



    Ah, but I'm a little fuzzzy on from there up. I have 80oz of silver.

    So if wishing to weight the total weight:
    Do I only stick with per oz measurements?
    or Can I say 4.17 troy lbs?
    or Every can I say 3.125 regular pounds?


    When I watched them weight a large large lot of silver on Pawn Stars, it looks like they weight on a typical american scale.
    I don't know how they converted or determined the value.

    I don't know what to use, other than ozs right now.

    Good question OP!
    COA
  • UnknownUnknown
    This content has been removed.
  • PokermandudePokermandude Posts: 2,713 ✭✭✭


    << <i>When I watched them weight a large large lot of silver on Pawn Stars, it looks like they weight on a typical american scale.
    I don't know how they converted or determined the value. >>



    Many scales have a ozt setting. If not, just weight it in grams (or kilograms) then divide by 31.1 to get troy ounces.



    << <i>I don't know what to use, other than ozs right now. >>



    Just use troy ounces. Troy pounds is almost never, ever used. Unless you're buying silver from a misleading ebay listing. Kitco does also list a spot price per kilogram of PMs, in various currencies, though that isn't really a common size in North America.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭


    << <i>
    Ah, but I'm a little fuzzzy on from there up. I have 80oz of silver.

    So if wishing to weight the total weight:
    Do I only stick with per oz measurements?
    or Can I say 4.17 troy lbs?
    or Every can I say 3.125 regular pounds?
    >>



    Here's my thought, someone correct if it's wrong:
    (I'm not sure, just trying the math to see)

    You have 80 troy ounces.
    6.66 troy pounds.
    So you have 2488 grams.
    87.76 ounces.
    5.48 pounds
    Ed
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    There are several (many) free conversion systems on the web (Google is your friend)..... easy to just plug in the numbers and click..... PM's are bought and sold in Troy weights - usually ounces.. Cheers, RickO
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