Pound (mass) No standards of the Tower pound are known to have survived. The Tower pound was equivalent to about 350 grams. The merchants' pound ("mercantile pound", "libra mercantoria", or "commercial pound") was considered to be composed of 25 rather than 20 Tower shillings of 12 pence. It was equal to 9,600 wheat grains (15 tower ounces or 6,750 grains) and was used in England until the 14th century for goods other than money and medicine ("electuaries"). The London pound is that of the Hansa, as used in their various trading places. The London pound is based on 16 ounces, each ounce
New Jersey pound to 4 shillings 6 pence sterling. This made a colonial schilling equivalent to nine pence sterling and a colonial pound equivalent to 2 troy oz 18 dwt 8 gr (1,400 grains / 90.7 grams) of silver. Currency issued at this rate was referred to as “Proclamation Money”. The currency of colonial New Jersey consisted of bills of credit which circulated as legal tender. Each issue was inscribed with the weight of silver it was current for. The initial 1709 issue passed at the rate of 2½ ounces of silver per New Jersey Pound, but issues after 1724 had inscriptions with