Imperial and US customary measurement systems different concepts – the imperial gallon is defined in terms of the volume occupied by a specified mass of water, while the US gallon is specified in terms of cubic linear measure. Notes Notes Units of weight in both the imperial and US customary system always used the same standard, though differences in multiples of the avoirdupois pound developed in the nineteenth century. Both systems used the three different scales – the avoirdupois system for general use, the troy system for precious metals and the apothecaries system in the pharmacy industry. The term "weight" and "mass" are used interchangeably in
Taxation of precious metals same "intra-community transaction" rules to all of Europe on a bilateral basis resulting in legally tax-free silver coin availability throughout all of Europe. Precious metals are subject to tax as collectibles, with any profit being taxed at the collectibles capital gains rate. This is normally the standard income tax rate, with metal held over 1 year is subject to a maximum of 28%. Note that many people unfamiliar with the collectibles tax rates (including some well-known websites) incorrectly think that precious metals are taxed at a flat 28% (because they interpret the word "maximum" in "maximum 28% rate"). Taxation of