Silver by the pound!

This may be a silly question, but does anyone know how many ounces there are in a one pound silver round?

I know that different things are measured differently.
So, is it 12 or 16 ounces?

Thanks.

 

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16 ounces to a avoirdupois pound

28 grams to an avoirdupois ounce.....

avoirdupois pounds and ounces are what we commonly use

BUT!!

1 Troy Ounce is 31.1 grams

and 1 Troy Pound is 12 Troy Ounces

AND.....1 Avoirdupois pound is ~14.583 Troy Ounces

http://en.wikipedia.org/wiki/Troy_weight


Good Luck

Pete

 

Not a silly question at all and I'm not sure myself but I believe it's 12 troy ounces. Now, how many in a ton?

 

okay, now I am even more confussed!

So, if I have a one pound silver round, (actually a couple):

How do I calculate the silver value?
(say silver is $18.81 an ounce.)


And then how is silver priced on the open market?

And then.........

oh, help!

[Lost on Long Island.]

 

There's this fellow on eBay who sells silver by the "Troy pound" hoping that people don't know the difference. Nothing about it breaks the rules either, but he sure could use a big punch in the nose.

 

okay, now I am ever more confused.

so, 16 oz X 28 grams = #448 grams per ounce

and 14 x 31.1= #435.40 grams per ounce (troy).

Cute, but.........
How do I calculate the value?

is the silver value as listed on the market in troy or 'regular people' ounces?

 

silver price listed on the market is in troy ounces, here is how to convert troy pounds to troy ounces. multiply how ever many troy pounds of silver you have by 11.999999 or twelve, and that will convert the troy pounds to troy ounces. or just use this site http://www.metric-conversions.org/cgi-bin/util/convert.cgi


monkeyman

 

So I guess I can take from this that the token in this thread:

http://www.cointalk.org/showthread.php?t=19968

is 8 ounces
Silver is at $19.21
so the value would be $153.68

At least I know this was a nice little investment ...

By the way Frank - 8 ounces is a pretty impressive weight - the one pound tokens must really be something else to hold.

 

or is it really only worth?:

6 troy Oz
Times 19.21
$115.26


or 8 ounces coverts to 7.29166 T oz
Times 19.21
$140.07


So I guess the question for me is how did the Washington Mint sell this silver round? US pounds or Troy Pounds.

 

All precious metals are sold by the Troy Ounce.

 

Despite some of the numbers above:

1 US pound = 16 US ounces = 453.59 gm.
1 US ounce = 28.35 gm = 0.9116 troy ounce

1 troy pound = 12 troy ounce = 373.23 gm
1 troy ounce = 31.1 gm = 1.0970 US ounce

 

I am going to assume then that it is 6 Troy Ounces until I actually weigh it.?.

 

If there are 12 troy ounces to a troy pound (and there are), how does 1 pound translate to 6 ounces?

 

Divide 12 by 2

Again I am assuming it was sold as 1/2 of a troy pound if bullion is sold by the troy ounce

I'll admit - it's all Franks fault for bringing it up

 

So if I figured correct there is 13.164 ounces US in a troy pound. for what it's worth.:goof:

 

:loud: 12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound...12 Troy ounces to a Troy Pound!

Did the message sink in yet or do I and others have to repeat it again?


Frank

 

not quite. you cannot mix the measuremtns anymore then you can mix feet and pounds. They are 2 different measurements.

16 oz = 1 pound in our system
12 oz = 1 troy pound.

they may have the same labels, but are quantified differently. lets not make the issue any more confusing then it can be

 

Frank:
Okay I got the picture the first time, but......

Is silver priced on the market in troy ounces?

Sheesh, ya woulda thunk that this was simple.

 

Simple? Sterling bars are frequently measured and sold in grains.

 

YES