What are Troy Pounds?
Troy pounds are a unit of measurement commonly used in the precious metals industry, particularly for weighing gold, silver, and other valuable metals.
One troy pound is equivalent to 12 troy ounces, which is slightly heavier than the avoirdupois pound commonly used in everyday measurements. The troy pound is often denoted by the symbol "lb t" to distinguish it from the avoirdupois pound.
What is an avoirdupois ounce?
An avoirdupois ounce is a unit of weight in the avoirdupois system, commonly used in the United States and other countries for measuring goods that are typically sold by weight.
It is equal to 1/16 of a pound or approximately 28.35 grams. The avoirdupois system is based on a pound of 16 ounces, with larger units such as tons and pounds used for heavier measurements.