United States customary units mass: tower, apothecaries', troy, avoirdupois, and metric. Of these, the avoirdupois weight is the most common system used in the U.S., although Troy weight is still used to weigh precious metals. Apothecaries weight—once used by pharmacies—has been largely replaced by metric measurements. Tower weight fell out of use in England (due to legal prohibition in 1527) centuries ago, and was never used in the U.S. The imperial system, which is still used for some measures in the United Kingdom and other Commonwealth countries, is based on avoirdupois, with variations from U.S. customary units larger than a pound. The pound avoirdupois,
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