Brigantine Beachcomber

The Gold and Silver Mine

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Written by Douglas Keefe Thursday, April 12, 2012 02:01 pm

A weekly column dedicated to “digging out” current information about precious metals, coins and other numismatics.

An area that causes a lot of confusion regarding precious metals is how they are weighed. For reasons long forgotten, a system different from our everyday means of weighing ourselves and our food was developed. That system is known as the Troy system and is used exclusively for weighing precious metals. The Troy system is broken down into Troy pounds, Troy ounces (12 Troy ounces equals 1 Troy pound), grams (31.1 grams equals 1 Troy ounce) and pennyweights abbreviated “DWT” (20 DWT equals 1 troy once). Confused yet? I don’t blame you.

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