Coins of the pound sterling another silver coin, the sceat, of 20 troy grains weight, which was in general circulation in Europe during the Middle Ages. The weight of the English penny was fixed at troy grains (about 1.46 grams) by Offa of Mercia, an 8th-century contemporary of Charlemagne. The coin's designated value, however, was that of 24 troy grains of silver (one pennyweight, or of a troy pound, or about 1.56 grams), with the difference being a premium attached by virtue of the minting into coins. Thus, 240 pennyweights made one troy pound of silver in weight, and the monetary value of 240 pennies
Grain (unit) England, re-iterating decrees that go back as far as King Offa (eighth century). The tower pound was one of many monetary pounds of 240 silver pennies. The pound in question is the Tower pound. The Tower pound, abolished in 1527, consisted of 12 ounces like the troy pound, but was (~6%) lighter. The weight of the original sterling pennies was 22½ troy grains, or 32 "Tower grains". Physical grain weights were made and sold commercially at least as late as the early 1900s, and took various forms, from squares of sheet metal to manufactured wire shapes and coin-like weights. The