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Replies: 41 / Views: 22,931 |
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Valued Member
United States
100 Posts |
Oh God this is confusing...why the heck can't there be one standard measuring system...pennyweights (how does pennyweights come from dwt anyways?), "regular" ounces that now have some sort of french meat name, troy ounces, grams, grains...blah, blah, blah..
I go to one dealer thinking troy ounces or grams and of course he prices by pennyweights, go to another thinking troy only wonder if he isn't charging by regular ounces but providing you troy ounces, go to another thinking one of these and he prices 24x Face Value...you need a laptop with a cray super computer processor and 10,000 lines of computer code to figure this stuff out! :)
Earl
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Pillar of the Community
United States
4897 Posts |
Quote: (how does pennyweights come from dwt anyways?), d is the abreviation for the old english penny. Which was supposed to weigh 1.56g or one pennyweight. 
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New Member
 United States
9 Posts |
I agree that there should be some kind of standard measuring system so no matter who you are buying or selling to it's the same measuring system. Maybe someone can start a petition for this but what measuring system should be used? 
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Pillar of the Community
United States
3670 Posts |
I have been saying it for years. Humans are NOT happy unless they are making things more confusing then they need to be, or wrapping things up in red tape....
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Valued Member
United States
100 Posts |
Thanks Amida, at least now I know how you get dwt = penneyweights. Old English huh? Coin Newbie this stuff has been going on for hundreds of years. I think there is a better chance it will be 100 degrees tomorrow in Fargo ND then there will be a common, consistent measuring system used by everyone.
Earl
Edited by EarlB 01/20/2012 4:22 pm
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Bedrock of the Community
United States
12437 Posts |
Quote: I agree that there should be some kind of standard measuring system so no matter who you are buying or selling to it's the same measuring system. There is a standard measuring system, Troy ounces are universal for bullion while pennyweight is typically used for small bits of scrap jewelry that tend to weigh much less than 1oz. Both units are linked to the Grain, with 24 grains/pennyweight and 480 grains/troy ounce. The problem is getting everyone to use the proper standards already in place.
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Pillar of the Community
United States
4008 Posts |
Quote: I have been saying it for years. Humans are NOT happy unless they are making things more confusing then they need to be, or wrapping things up in red tape.... Hawk, you are repeating yourself.  Quote: I think there is a better chance it will be 100 degrees tomorrow in Fargo ND then there will be a common, consistent measuring system used by everyone. Which is why scientists the world over threw in that towel many years ago and all began using the metric system... unlike our engineer friends! 
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Rest in Peace
United States
9104 Posts |
Quote: it should be called 75% silver rof  Please don't cornfuzz things. It's not 75% silver, it's 75% of an ounce. The silver % is still 90. Quote: To the formula to convert.... This is why people have problems with metric. There is no "convert". If you want to know the metric weight, press the gram button and weigh it. Quote: .715 (example a 1964 half Kennedy)x spot price/20....
Did I get that right Fredd, lol? Once all the errors cancel out, maybe, but for the wrong reason. 0.715 troy oz of silver (which is the content of two silver halves) x spot = value of silver in those halves. I have no clue why you'd divide by 20. If you divide the spot by 20, you'd get the silver value per dwt. Quote: Also, silver 1965 to 1970 is 40% via Kennedy's only, or .295... There is 0.2958 oz of silver in two clad Kennedies or four 40% quarters. There is 0.3162 troy ounces of silver in one 40% silver Ike dollar. This nonsense is complicated enuf, don't make it worse.
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Pillar of the Community
United States
3670 Posts |
"If you divide the spot by 20, you'd get the silver value per dwt."
Yes exactly what I was trying to say, lol....
Edited by Silverhawk74 01/20/2012 5:42 pm
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Rest in Peace
United States
9104 Posts |
Quote: Oh God this is confusing...why the heck can't there be one standard measuring system. There is one standard measuring system for weighing precious metals and it's been around for millennia. It's troy ounces. One troy oz is 20 dwt or 480 grains. Twelve tr oz or 240 dwt or 5760 grains = one tr #. Quote: (how does pennyweights come from dwt anyways?) LSD stands for pounds (£), shillings, and pence (d). If you go to the hardware store and ask for four penny or ten penny nails, you'll see 4d or 10d on the box. You've heard of the British £, or pound sterling. Originally, one troy pound of sterling silver = a pound of money. A £ was 20 shillings containing 12 pence each, or 240 pence per £. Each penny weighed 1/240 of a #, and that was a "pennyweight (dwt). Quote: "regular" ounces that now have some sort of french meat name By regular , it simply means the avoirdupois weights that are used for everything but PM. When you talk about weighing PM, forget about everything but troy weights, and leave your regular scales at the door. Quote: troy ounces, grains See above. Quote: grams...blah, blah, blah.. Grams, mg, kg, etc, are the metric system, used by scientists to make math simpler. When you enter the chem lab, use grams. They have nothing to do with PM unless you're doing chem work. Grams didn't even exist until a couple centuries ago. Don't take my word for it, find a Bible online and search for gram or grams. Ain't there.
Edited by biggfredd 01/20/2012 7:46 pm
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Pillar of the Community
United States
4897 Posts |
Quote: LSD stands for pounds .... That explains a lot Fredd....  Thats why this is sooo confusing!
Edited by amida17 01/20/2012 6:18 pm
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Rest in Peace
United States
9104 Posts |
Quote: d is the abreviation for the old english penny. Which was supposed to weigh 1.56g or one pennyweight. Technical. There is no "supposed". A dwt is a dwt. You can weigh a dwt on a gram scale, just like you can measure a square yard of carpet in meters, but that only changes the weight system, not the weight. Quote: I agree that there should be some kind of standard measuring system so no matter who you are buying or selling to it's the same measuring system. If we're going to use one system, it would be the metric system, used almost everywhere but the US, which has fought it repeatedly. Quote: Maybe someone can start a petition for this but what measuring system should be used? No need. Quote: In the Omnibus Trade and Competitiveness Act of 1988, the United States government designated the metric system of measurement as "the preferred system of weights and measures for U.S. trade and commerce"
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Rest in Peace
United States
9104 Posts |
Quote: there is a better chance it will be 100 degrees tomorrow in Fargo ND then there will be a common, consistent measuring system used by everyone. I guarantee it will be at least 100°K in Fargo tomorrow.
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Rest in Peace
United States
9104 Posts |
Quote: There is a standard measuring system, Troy ounces are universal for bullion while pennyweight is typically used for small bits of scrap jewelry that tend to weigh much less than 1oz Dwt and troy oz and grains are all part of the same system, like mills, cents, dimes and dollars. Carats are metric. Hundredweight (cwt) is a hundred av #.
Edited by biggfredd 01/20/2012 7:48 pm
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Pillar of the Community
United States
4897 Posts |
Quote: A dwt is a dwt Technical. A dwt is 1.555555555g ad infinitum. Accepted as 1.56g. 
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Replies: 41 / Views: 22,931 |