Coins of the pound sterling also became known as a "pound". (240 actual pennies, however, weighed only 5400 troy grains, known as tower pound, a unit used only by mints. The tower pound was abolished in the 16th century.) The silver penny remained the primary unit of coinage for about 500 years. The purity of 92.5% silver (i.e., sterling silver) was instituted by Henry II in 1158 with the "Tealby Penny" — a hammered coin. Over the years, the penny was gradually debased until by the 16th century it contained about a third the silver content of a proper troy 24 grain pennyweight. By 1915,
Grain (unit) weight) refers to those things measured by the lesser but quicker balances: the bismar or uncel, the Roman balance, and the steelyard. The original mercantile pound of 25 shillings or 15 (tower) ounces was displaced by variously the pound of the Hanseatic League (16 tower ounces) and by the pound of the then-important wool trade (16 ounces of 437 grains). A new pound of grains was inadvertently created as 16 troy ounces, referring to the new troy rather than the old troy. Eventually, the wool pound won out. The avoirdupois pound was defined in prototype, rated as to grains. In