By Robert Burnside
Director, Precious Metals Trading Department
DGSE Companies, Inc.
The other day, a customer asked me the following qustion: “what is a troy ounce and is it different from a ‘normal’ ounce?” This is actually a very common question posed to our staff in the Precious Metal Trading Department at DGSE and fortunately, the answer is simple to explain.
Almost on a daily basis, we all measure weight in terms of “avoirdupois” (adv) weight. Whether it’s stepping on the bathroom scale, weighing oranges at the grocery store or calculating the required postage to mail a letter at the post office; we use traditional measurements of avoirdupois weight such as kilos, pounds, kilograms, etc.
The weight of precious metals however, is different. As with many traditions, the use of troy (...)