In this segment, you will learn the difference between Troy Ounce vs Ounce. If you’re new to investing and collecting precious metals, this special way of measuring gold and silver can be confusing. The troy ounce differs from the regular ounce used to measure other goods, such as food. This system was implemented to keep the unit of measure standardized, as gold and silver are bought, sold, and traded worldwide.
What Is the Difference Between an Ounce and a Troy Ounce?
One troy ounce contains 2.75 grams more than a regular ounce. If you placed it on a regular scale, it would be approximately 10% heavier than the standard unit of measure. To be exact, one regular ounce is 28.35 grams, while a troy ounce is 31.1 grams. One kilogram is equal to 32.1507 troy ounces.
Why Does It Matter?
This is important to know because there are sellers on the market that can make their products seem a better deal by listing them in ounces instead of troy ounces. This little trick could lose you a lot of money, especially if you purchase a large amount. Here at Midwest Bullion Exchange, we list all our items in troy ounces to make it easy and convenient for you. If you do happen upon an item sold in regular ounces, you will want to convert it.