Troy weight displaced it. Where once 240 pence made a tower pound (and 256 make a troy pound), by the time of the United Kingdom Weights and Measures Act of 1824, a troy pound gives 792 silver pence, still minted as such as Maundy Money. Sterling originally referred to the Norman silver penny of the late 11th century. The coin was minted to a fineness of 11 oz, 2 dwt (in the pound), or 925 Millesimal fineness. Troy weight Troy weight is a system of units of mass customarily used for precious metals and gemstones. One troy ounce (abbreviated "t oz" or
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