Apothecaries' system between actual and nominal weight. In the 19th century, most European countries or cities still had at least a "commercial" or "civil" system (such as the English avoirdupois system) for general trading, and a second system (such as the troy system) for precious metals such as gold and silver. The system for precious metals was usually divided in a different way from the commercial system, often using special units such as the carat. More significantly, it was often based on different weight standards. The apothecaries' system often used the same ounces as the precious metals system, although even then the
Bullion precious metals. Bullion Bullion is gold, silver, or other precious metals in the form of bars or ingots. Typically, bullion is used for trade on a market. The word "bullion" comes from the old French word "bouillon", which meant "boiling", and was the term for the activity of a melting house. The value of bullion is typically determined by the value of its precious metals content, which is defined by its purity and mass. To assess the purity of gold bullion, the centuries-old technique of fire assay is still employed, together with modern spectroscopic instrumentation, to accurately determine its quality