Comparison of the imperial and US customary measurement systems metre, as 1852 metres. Traditionally, both Britain and the US used three different weight systems: troy weight for precious metals, avoirdupois weight for most other purposes and apothecaries' weight for medicines. However, apothecaries' weight has now been superseded by the metric system. One important difference is the widespread use in Britain of the stone of 14 pounds () for body weight. This unit is not used in the United States, although its influence was seen in the practice, until World War II, of selling flour by a barrel of 196 pounds (14 stone). Another difference arose when Britain abolished the
Taxation of precious metals Taxation of precious metals Precious metals are subject to taxation in most countries, because of their high economic value. In most countries capital gains tax applies when precious metals are sold at a profit. Some countries also apply value added tax to precious metals. In the European Union, the trading of recognised gold coins and bullion products is VAT exempt, but no such allowance is given to silver. Elsewhere in Europe though, Norway has exempted both gold and silver bullion coins with face value from VAT; Norway is part of the wider EEA (European Economic Area) and thus applies the