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Hmmm, why is this more expensive than a 1 oz gold bar? This coin has 91.67% gold in it whereas bars have 99.9% gold.
Definition of a Troy OunceA troy ounce is a unit of weight used primarily for measuring precious metals like gold, silver, platinum, and palladium. It is part of the troy weight system, which has historical roots dating back to the medieval trading city of Troyes in France.Weight ComparisonMEASUREMENT TYPE WEIGHT IN GRAMS WEIGHT IN OUNCESTroy Ounce (oz t) 31.1034768 1Standard Ounce (oz) 28.349523125 0.911458The troy ounce is approximately 10% heavier than the standard ounce, which is commonly used in everyday measurements.
Definition of a Troy OunceA troy ounce is a unit of weight used primarily for measuring precious metals like gold, silver, platinum, and palladium. It is part of the troy weight system, which has historical roots dating back to the medieval trading city of Troyes in France.Weight ComparisonMEASUREMENT TYPE WEIGHT IN GRAMS WEIGHT IN OUNCESTroy Ounce (oz t) 31.1034768 1Standard Ounce (oz) 28.349523125 0.911458The troy ounce is approximately 10% heavier than the standard ounce, which is commonly used in everyday measurements.
So they put in a standard ounce of gold plus another 10% of random contaminants to make it a troy ounce?
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This folks is how you know we're nearing the peak.
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