Gold is sold in Troy Ounces - everything else in Avoirdupois ounces
One avdp ounce equates to 0.911458 troy ounces.
One ounce (avdp) (oz) is equal to 0.0625 pounds (advp) (lb). OR, One ounce (troy) (ozt) is equal to 0.08333 pounds (troy). so, there are 16 ounces (avdp) (oz) in one pound (advp) (lb). And there are 12 ouces (troy) (ozt) in one pound (troy). Hope this is of some helpt to you. :] Sincerely, Onel4stkill.
Gold and other precious metals are usually weighed in the Troy weight system. The system used in the US is called the avoirdupois weight system or (avdp) where sixteen ounces equals one pound. A pound (avdp) is equal to 1.21528338 Troy pounds. One Troy ounce of gold weighs 1.0971377 ounce (avdp) and there are 12 Troy ounces in one Troy pound and only 0.822853347 pounds (avdp) in a Troy pound. Be extremely careful when you buy gold by the Ton to always know that both you and the seller are talking the same measurement short long or metric Ton. It could be an expensive error.
The original question was a bit confusing and could have been read as one 1/4 oz coin or 14 one ounce coins, so we'll leave two answers: One coin weighing one-fourth troy ounce with gold at $900 per ounce would be: .25 X 900 = $225 Fourteen gold coins weighing one ounce (troy) each are worth about $900 per oz, or 14 X 900 = $12600 roughly. Here's a little more detail: The Krugerrand is now available in four sizes: the one troy ounce, the half troy ounce, the quarter troy ounce, and the tenth troy ounce size. The current price of one oz Krugerrands is $934 (Feb 2007) /Brian W
A full Krugerrand weighs 33.93g and contains one Troy Ounce of pure gold (31.1g). To make the coin more hardwearing, the gold is alloyed with copper, making it 91.67% pure.
One troy pound is 0.8228571 avoirdupois pounds.
There are thirty one grams in a Troy ounce.
A Krugerrand is a gold coin weighing one troy ounce, which is approximately 31.1 grams. However, the total weight of the coin, including its copper alloy, is about 33.93 grams. The Krugerrand was first minted in 1967 and is primarily used as an investment vehicle.
A pound (a standard pound) is equal to 6,000 grains of barley. This pound is divided into 16 parts called ounces. Troy pounds, on the other hand, are composed 5760 grains. These pounds are usually used to measure precious metals. Each troy ounce is made up of 12 ounces.
There are 16 ounces (avdp) in a pound (avdp).
1 oz avdp refers to one troy ounce, which is a unit of measure commonly used for precious metals like gold, silver, and platinum. AVDP stands for "avoirdupois," a French term meaning "goods of weight." This unit of measure is different from a regular ounce used for measuring mass or weight.
About one-third of a troy ounce.