Apothecaries' system measure precious metals and stones. (The troy pound was already declared illegal for most other uses by the Weights and Measures Act of 1878.) In the US, the metric system replaced the apothecaries' system in the United States Pharmacopoeia of 1971. Apothecaries' system The apothecaries' system or apothecaries' weights and measures is a historical system of mass and volume units that were used by physicians and apothecaries for medical recipes, and also sometimes by scientists. The English version of the system is closely related to the English troy system of weights, the pound and grain being exactly the same in
Precious metal coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded much higher prices than common industrial metals. A metal is deemed to be "precious" if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a