How many dwt per ounce?
For those who don't know, "dwt" is the standard abbrivation for pennyweight. 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. So to answer the original question, there are 20 pennyweights (dwt) in one troy ounce. 1 troy ounce converts to 1.09714286 regular US ounces.
It depends, a dwt is 1/20 of an ozt which is right around $950, so for 24k pure gold it has about $47.50 per dwt, however most jewelry is not pure. 10k=41.7%pure=$19.80 per dwt 14k=58.5%pure=$27.78 18k=75.0%pure=$35.63 although that is the price for amount of pure gold in the jewelry, do not expect to receive this when cashing it in. When turning in gold expect to get about $10 dollars less per dwt because of the…