A troy ounce is a unit of weight used by banks and jewelers and is equal to 31.1034768 grams. The official symbol for the troy ounce is oz t.
The name of this unit of measurement comes, presumably, from the French city of Troy, a famous center of international trade since the IX century.
In the modern world, a troy ounce is widely used to express the mass of precious metals, so the mass of investment coins is indicated in fractions of a troy ounce.
The name of this unit of measurement comes, presumably, from the French city of Troy, a famous center of international trade since the IX century.
In the modern world, a troy ounce is widely used to express the mass of precious metals, so the mass of investment coins is indicated in fractions of a troy ounce.
Gold investment coins are traditionally issued in sizes from 1/25 troy ounce, 1/10 troy ounce, 1/4 troy ounce, 1/2 troy ounce, 1 troy ounce and up to 5 sizes of troy ounce.
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