pennyweight coversion penny weight selling gold cash for buyer
Pennyweight - Is it the weight of a penny?
Submitted by kanearchor on Mon, 2008-06-30 19:57. Miscellaneous | pennyweight coversion penny weight selling gold cash for buyerLet's decode this mysterious measurement of a pennyweight.
Does a US currency penny weigh a pennyweight? No.
So why do we call it a pennyweight if it is not equal to the weight of a penny?
Pennyweight - Is it the weight of a penny?
Submitted by kanearchor on Mon, 2008-06-30 19:55. pennyweight coversion penny weight selling gold cash for buyerLet's decode this mysterious measurement of a pennyweight.
Does a US currency penny weigh a pennyweight? No.
So why do we call it a pennyweight if it is not equal to the weight of a penny?
In Great Britain one Great British currency penny did weigh one pennyweight and the value of that penny was equal to the monetary price for 1/20th of a troy ounce of sterling silver, not gold.
Therefore 1 troy ounce of sterling silver was equal to 20 pennyweights in weight as well as it was equal to 20 Great British pennies in monetary value.
