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
Troy weight g, 12 oz t), while an avoirdupois pound is approximately 21.53% heavier at 7 000 grains (≈ 453.59 g). One troy ounce (oz t) is equal to grams. Also equal to avoirdupois ounces, exactly , or about 10% larger. The pennyweight symbol is "dwt". There are 24 grains in 1 dwt, and 20 dwt in one troy ounce. Because there were 12 troy ounces in the old troy pound, there would have been 240 pennyweights to the pound—the basis of the fact that the old British pound sterling of currency contained 240 pence. (However, prior to 1526, English pound sterling