Pound (mass) for the weight of certain precious metals, especially in the trade; these are normally quoted just in ounces (e.g. "500 ounces") and, when the type of ounce is not explicitly stated, the troy system is assumed. Historically, the pound sterling was a Tower pound of silver. In 1528, the standard was changed to the Troy pound. The avoirdupois pound, also known as the wool pound, first came into general use c. 1300. It was initially equal to 6992 troy grains. The pound avoirdupois was divided into 16 ounces. During the reign of Queen Elizabeth, the avoirdupois pound was redefined as
Anglo-Saxon pound troy pound of 367.5 g. This pound of 12 ounces was in use in Troyes (Champagne fairs) where the mark of 8 ounces (also the Paris mark) weighed 245 g. The medieval troy pound weighed 240 pennyweights of 1.53 g or 24 medieval troy grains ( of the new pound and heavier than the real barleycorn). The Tower pound remained in use for weighing gold and silver until 1527. Anglo-Saxon pound The pound was a unit of account in Anglo-Saxon England, equal to 240 silver pennies and equivalent to one pound weight of silver. According to the Daily Telegraph it