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How does a penny weight relate to gold?

Updated: 5/24/2024
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12y ago

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A penny weight is 1/20 of a troy ounce

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12y ago
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4w ago

In the context of precious metals like gold, a pennyweight is a unit of measurement used to weigh the metal. One pennyweight is equivalent to 1/20th of a troy ounce. It is commonly used in jewelry making and in the buying and selling of gold.

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