Gold and all precious metal are measured in Troy ounces, which vary slightly from common or Avoirdupois ounces. A troy ounce is equal to 31.1034768 grams. Incidentally, a Troy POUND has 12 ounces, not sixteen. PS- at the close of trading on Friday, 15 October, a troy ounce of gold was $1368.90
There are 3.11 tenths of a gold coin in a troy ounce.
"Ounce", when referring to gold, means a Troy ounce. There are twenty pennyweight in a Troy ounce.
1 troy ounce = 0.0311034768 kilograms gold is measured in troy oz.
There are approximately 31.1035 grams in 1 troy ounce of gold.
One troy ounce of gold equates to about 31.103 grams.
The price of gold is usually quoted in troy ounces.
The average price for a troy ounce of gold in 1920 was $20.68
A troy ounce is about 31 grams and the US standard ounce (avoirdupois) is about 28 grams. When buying coins, or gold or silver, you get more by getting a troy ounce. The price of gold and silver is in troy ounces. So, for example, if gold is $1400 an ounce, that price is for a troy ounce. A 28 gram ounce of gold is not worth $1400.
The unit used in weighing gold is the troy ounce; 1 troy ounce is equivalent to 31.1 grams.
yes it is troy ounce, 1 troy ounce = 31.1034768 http://www.answers.com/topic/gram
One troy ounce of gold is slightly heavier than 1 US ounce. One troy ounce is equivalent to about 31.1 grams, while 1 US ounce is approximately 28.35 grams. This means one troy ounce of gold is roughly 10% heavier than 1 US ounce.
Assuming it contains .1867 of a Troy ounce, then it would take 5.36 coins for a Troy ounce.