If you are new to purchasing or selling precious metals (Gold, Silver, Platinum, Palladium or Rhodium), it is very likely that you may be unfamiliar with the Troy Ounce. Very different from other consumer items such as food products, or weights such as the Post Office utilizes, precious metals are weighed using a different system. This weight measurement used for Precious Metals is the Troy Ounce. It is quite important for Precious Metals buyers and sellers to understand the difference between these two units of measurements, otherwise the weights and values will not make any sense using standard ounce math. It is important to know exactly what you are buying or selling, especially with the costs associated with Precious Metals such as Gold, Silver, Platinum, Palladium and Rhodium.
The troy ounce is a world wide adopted and accepted unit of measure that is used to weigh precious metals such as Gold, Silver, Platinum, Palladium and Rhodium. It is heavier than a standard ounce and is the standard form of measurement used for buying and selling precious metals. The "Spot" or Market Pricing quotes Troy Ounces, not standard ounces. Standard ounces are often referred to as "kitchen ounces", "standard ounces," or avoirdupois ounces."
How Many Grams are there in a Troy Ounce of Gold? A troy ounce is heavier than a standard ounce. It is extremely important for those buying and selling Precious Metals to be aware and understand the difference as there is a fairly significant difference between the two (especially when dealing with valuable metals such as Gold, Silver, Platinum, Palladium and Rhodium.) A standard avoirdupois ounce contains 28.35 grams while a troy ounce contains more. Exactly how much more?
Remember one thing.... Grams are UNIVERSAL. A Gram is a gram, is a gram, is a gram!
1 troy ounce = 31.1034768 grams
But lets just make it more simple:
1 Troy Ounce = 31.1 Grams.
Without being educated on the difference between a troy ounce and an avoirdupois standard ounce, buyers and sellers risk losing money on their investment with Precious Metals. . Professional Gold Buyers and sellers will buy and sell their Gold, Silver, Platinum and Palladium in Troy Ounces. Remember.... the Precious Metals Spot Pricing is stated in TROY OUNCES.
At Texas Gold and Silver Buyers of San Antonio, we are committed to being transparent in all dealings. This includes our informative blogs, educating customers and potential future customers on all the ins and outs of the Precious Metals Industry. We are TOP DOLLAR buyers in San Antonio for ALL Gold, Silver, Platinum and Palladium.
We Purchase: Jewelry, Scrap, Coins, Bullion, Dental Gold, Name Brand/Designer Jewelry and PROMISE a NO PRESSURE, Hassle-Free Quote each and every day. We are devoted to the highest levels of Customer Service. We are fully licensed with the State of Texas and our scales are licensed and regulated by the Texas Dept. of Agriculture.
What makes us REALLY stand out is our XRF X-Ray Testing! We precisely and non destructively X-Ray test. We do not damage your items with the outdated Acid/Scratch test like so many of our competitors will do.
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Texas Gold and Silver Buyers
3435 Thousand Oaks Dr, Suite 107
San Antonio. Texas 78247
Thanks for stopping by our blog. My name is Evan and I am the owner of Texas Gold and Silver Buyers in San Antonio. From time to time I will post blog entries to help educate and inform our customers and potential future customers on all aspects of Precious Metals (Gold, Silver, Platinum & Palladium!)