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
Texas Precious Metals of Ark Fund Capital Management and the CEO of Kaspar Companies. Kaspar graduated Summa Cum Laude with a degree in Finance and Accounting from Texas A&M University. Texas Precious Metals Texas Precious Metals, based in Shiner, Texas, is one of the largest precious metals dealers in the United States. The company reported annual revenues of $180.1 million in 2013 and $153.2 million in 2014. The company is recognized as a market maker for United States Mint products and is an official distributor for the Perth Mint of Australia. Texas Precious Metals also produces it own line of precious metals products