Avoirdupois ounce is simply known as ounce and used in all parts of the world but it is troy ounce that holds significance when it comes to measurement of weights of precious metals. Let us see the difference between ounce and troy ounce as any mistake on the part of a buyer can cost him in hundreds of dollars when it comes to gold and silver.
So what is the difference between a Troy Ounce, and a standard ounce. This is a very common question, and one that most people have trouble answering without some reference. Surprisingly there are 2 totally different methods for calculating silver/gold vs the method used to calculate everything else. The most likely explanation is that Gold, Silver, and even Gun Powder are such universal and ...
First-time precious metals buyers are often confused by the difference between a troy ounce (ozt) and a “regular” ounce, especially when their 100 oz silver bar actually weighs 6.85 lbs on the scale instead of 6.25 lbs. Did they receive more silver than they paid for? The answer lies in an antiquated system of measurement still used today for precious metals known as troy weights.
When trying to purchase precious metals, it is important to determine if the ounce being provided is regular or a troy ounce. The good news is that the troy ounce metric system is basically the same throughout the countries and would, therefore, make it easier for buyers to acquire items without worrying about the difference in semantics. Summary:
Convert between ounces (oz) and troy ounces using this simple tool. This is a common conversion for those people looking to work out the value of their gold, silver and gemstones. To use the calculator, simply choose a unit to convert from and to, enter your 'Value to convert' and click the 'Convert!' button.
It might not seem like a great difference between the two types of ounces. However, it does become more noticeable when you start talking about larger amounts. Not to mention that that’s when the real fun starts – because even though a troy ounce is more than an avoirdupois ounce, a troy pound weighs LESS than an avoirdupois pound.
In this video I talk about the difference between a regular ounce and a troy ounce. A regular ounce is also called an avoirdupois ounce and there are 16 ounces in a pound. A troy ounce has only 12 ...
The troy ounce (oz t) is a unit of imperial measure. It is normally used to gauge the mass of precious metals. One troy ounce is defined as exactly 0.0311034768 kg or 31.1034768 grams.
Fluid Ounces vs Ounces. There’s a lot of ongoing confusion between the terms “fluid ounces” and “ounces.” This is because there is a variety of system measurements used across the world like the Metric System, English, U.S. Customary, Imperial, Natural Units, and Non-Standard Units.
Because the avoirdupois ounce so common, we simply refer to it as “ounces.” Obviously, then, a troy ounce is a bit heavier than a regular ounce. One regular ounce is 28.35 grams, while a troy ounce is 31.1 grams. The weights are close, but the difference becomes very noticeable when you’re trading in larger quantities of precious metals.