|An Awakened Patriot of American Culture||
Just what do all the numbers mean when it comes to how much Gold I am buying?
Some sell in grams, others grains and still others in varying degrees of troy ounces. Listed are the conversion from one to the other and the definitions of each unit of measure. Usually the smallest unit of measure for our purpose of buying and selling is gram. Some online outfits use grains when buying into a storage situation.
Here is a quick look at the numbers.
Use these formulas to convert!
The traditional unit of weight for precious metals and gems.
The pennyweight was the weight of a silver penny in medieval England.
It is no coincidence that there were 240 pennies to the English pound.
240 silver pennies were equivalent to a pound of silver.
The word sterling applies both to the English pound and to the standard
purity of silver.