Troy weight A grain is 20 mites, a mite is 24 droits, a droit is 20 perits, a perit is 24 blanks. In Scotland, the Incorporation of Goldsmiths of the City of Edinburgh used a system in multiples of sixteen. ("See Assay-Master's Accounts, 1681–1702, on loan from the Incorporation to the National Archives of Scotland".) Thus, there were 16 drops to the troy ounce, 16 ounces to the troy pound, and 16 pounds to the troy stone. The Scots had several other ways of measuring precious metals and gems, but this was the common usage for gold and silver. The Pound was
Trade during the Viking Age so there was no danger of them being rearranged or switched during the course of an exchange. Estimated exchange rates at the beginning of the 11th century in Iceland were: If the weight of a piece of jewelry was more than needed to complete a purchase, it was cut up into smaller bits until the correct weight needed for the transaction was reached. The term hack silver is used to describe these silver objects. Silver ingots were primarily used for large/high-value transactions. The largest found weights weigh more than 1 kilogram each. Precious metals were also used to display personal