System of measurement The same is true of quarts, gallons, etc. Six US gallons are a little less than five imperial gallons. The Avoirdupois system served as the general system of mass and weight. In addition to this there are the Troy and the Apothecaries' systems. Troy weight was customarily used for precious metals, black powder and gemstones. The troy ounce is the only unit of the system in current use; it is used for precious metals. Although the troy ounce is larger than its Avoirdupois equivalent, the pound is smaller. The obsolete troy pound was divided into 12 ounces, rather than the
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