Florin Florentine lire. The values of other countries' money continually varied against each other, reinforcing the florin's utility as a common measure of value for foreign exchange transactions. The word florin was borrowed in many other countries: for example, the Dutch guilder (abbreviated to Fl), as well as the coin first issued in 1344 by Edward III of England – then valued at six shillings, composed of 108 grains (6.99828 grams) of gold with a purity of 23 carats and 3 grains (or 23 carats) – and more recently relating to a British pre-decimal silver coin (later nickel silver) also known
Gold bar and traded internationally by central banks and bullion dealers is the "Good Delivery" bar with a 400 oz (troy-ounce) (12.4 kg or 438.9 ounces) nominal weight. However, its precise gold content is permitted to vary between 350 oz and 430 oz. The minimum purity required is 99.5% gold. These bars must be stored in recognized and secure gold bullion vaults to maintain their quality status of Good Delivery. The recorded provenance of this bar assures integrity and maximum resale value. Tola is a traditional Indian measure for the weight of gold and prevalent to this day. Many international gold manufacturers