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Sterling silver is not sold by the ounce. It is an alloy of 92.5% pure silver and 7.5% other metals. The value of something made with sterling silver is dependent upon what the object is.

Sterling silver better refers to silver objects which have a hallmark that indicates the quality of the silver, the year of manufacture and the city in which the object was made. A troy Oz at present is selling for $46.68 a Troy Oz .

Troy weight is a system of units of mass customarily used for precious metals, black powder, and gemstones.

Named after Troyes, France, the troy system of weights was known to exist in medieval times, at the celebrated fair at Troyes in northeastern France. One cubic inch of distilled water, at 62 °F (17 °C), and at a barometric pressure of 30 inches of Mercury, was determined to weigh 252.458 troy grains (gr).[1] There are 12 troy ounces per troy pound,[2] rather than the 16 ounces per pound found in the more common avoirdupois system. The avoirdupois pound is 147⁄12 (≈ 14.583) troy ounces. Although troy ounces are still used to weigh gold, silver and gemstones, the troy pound is no longer used.

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