Troy weight 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 "oz t") is equal to exactly , (or about 1.0971 oz. avoirdupois, the "avoirdupois" ounce being the most common definition of an "ounce" in the US). There are only 12 troy ounces per troy pound, rather than the 16 ounces per pound found in the more common avoirdupois system. The avoirdupois pound has 7000 grains whereas the troy pound has only 5760 grains (i.e. 12 × 480 grains). Both systems use the same grain defined
Precious metal the 99.999% pure one-ounce Canadian Gold Maple Leaf series, in 2007 the Royal Canadian Mint made a 100 kg 99.999% gold coin, with a face value of $1 million, and now manufactures them to order, but at a substantial premium over the market value of the gold. Gold and silver, and sometimes other precious metals, are often seen as hedges against both inflation and economic downturn. Silver coins have become popular with collectors due to their relative affordability, and, unlike most gold and platinum issues which are valued based upon the markets, silver issues are more often valued as collectibles,