Zolotnik Zolotnik A zolotnik (in Russian: золотни́к; abbr.: zol.) was a small Russian unit of weight, equal to 0.1505 avoirdupois ounces, or 4.2658 grams (about 65.83 grains). Used from the 10th to 20th centuries, its name is derived from the Russian word "zoloto", meaning gold. As a unit, the zolotnik was the standard for silver manufacture, much as the troy ounce is currently used for gold and other precious metals. This unit was originally based on a coin of the same name. The zolotnik circulated in the Kievan Rus until the 11th century; it was equal in weight to the Byzantine
Taxation of precious metals same "intra-community transaction" rules to all of Europe on a bilateral basis resulting in legally tax-free silver coin availability throughout all of Europe. Precious metals are subject to tax as collectibles, with any profit being taxed at the collectibles capital gains rate. This is normally the standard income tax rate, with metal held over 1 year is subject to a maximum of 28%. Note that many people unfamiliar with the collectibles tax rates (including some well-known websites) incorrectly think that precious metals are taxed at a flat 28% (because they interpret the word "maximum" in "maximum 28% rate"). Taxation of