Troy Ounce to Pound Converter
Convert troy ounces to pounds with our free online weight converter.
Quick Answer
1 Troy Ounce = 0.068571 pounds
Formula: Troy Ounce × conversion factor = Pound
Use the calculator below for instant, accurate conversions.
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Troy Ounce to Pound Calculator
How to Use the Troy Ounce to Pound Calculator:
- Enter the value you want to convert in the 'From' field (Troy Ounce).
- The converted value in Pound will appear automatically in the 'To' field.
- Use the dropdown menus to select different units within the Weight category.
- Click the swap button (⇌) to reverse the conversion direction.
How to Convert Troy Ounce to Pound: Step-by-Step Guide
Converting Troy Ounce to Pound involves multiplying the value by a specific conversion factor, as shown in the formula below.
Formula:
1 Troy Ounce = 0.0685714 poundsExample Calculation:
Convert 5 troy ounces: 5 × 0.0685714 = 0.342857 pounds
Disclaimer: For Reference Only
These conversion results are provided for informational purposes only. While we strive for accuracy, we make no guarantees regarding the precision of these results, especially for conversions involving extremely large or small numbers which may be subject to the inherent limitations of standard computer floating-point arithmetic.
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View all Weight conversions →What is a Troy Ounce and a Pound?
1 troy ounce = 31.1034768 grams (g) = 480 grains
The troy ounce (abbreviated "oz t", "ozt", or "t oz") is a unit of mass in the troy weight system, used exclusively for precious metals and gemstones. It differs significantly from the avoirdupois ounce used in everyday measurements.
Troy vs. Avoirdupois: Critical Distinction
| Unit | Grams | Use Cases | |----------|-----------|---------------| | Troy ounce | 31.1034768 g | Precious metals (gold, silver, platinum), gemstones, pharmaceuticals (historic) | | Avoirdupois ounce | 28.349523125 g | Food, body weight, general commerce | | Difference | +2.754 g (9.7% heavier) | Troy ounce is HEAVIER |
Critical for buyers: If someone sells you "1 ounce of gold" using avoirdupois ounces instead of troy ounces, you're getting 9.7% less metal than you paid for!
The Troy Weight System
Unlike the avoirdupois system (16 ounces = 1 pound), the troy system uses different ratios:
- 24 grains = 1 pennyweight (dwt)
- 20 pennyweights = 1 troy ounce (oz t)
- 12 troy ounces = 1 troy pound (lb t)
Paradox: The troy ounce is heavier than the avoirdupois ounce, BUT the troy pound (373.24 g) is lighter than the avoirdupois pound (453.59 g) because it contains only 12 ounces instead of 16!
Why Troy Ounces Persist
Despite global metrication, troy ounces remain dominant in precious metals for these reasons:
- Market convention: Centuries of gold/silver trading established price benchmarks in troy ounces
- Legal tender: U.S. Mint, Royal Canadian Mint, and others mint official coins in troy ounce denominations
- Futures contracts: COMEX gold contracts specify 100 troy ounces per contract
- LBMA standards: London Bullion Market Association requires troy ounce quotations
- Central banks: Gold reserves reported in troy ounces (e.g., Fort Knox holds 147.3 million oz t)
The pound is a unit of mass in the British imperial and United States customary systems of measurement. Since the international yard and pound agreement of 1959, one pound has been defined as exactly 0.45359237 kilograms. This makes the pound equal to precisely 16 ounces, 7,000 grains, or 453.59237 grams.
The pound is denoted by the symbol lb (from the Latin libra, meaning balance or scales) or sometimes lbs for plural, though technically "lb" serves both singular and plural. In commercial contexts, you'll see prices as "$/lb" (dollars per pound) or weights as "5 lb bag."
Unlike the metric system where weight relationships are decimal (1,000 grams = 1 kilogram), the pound uses the relationship of 16 ounces to 1 pound. This fractional system reflects historical divisions: 1 pound = 16 ounces = 256 drams = 7,000 grains, with each division serving practical purposes in trade and measurement.
Note: The Troy Ounce is part of the imperial/US customary system, primarily used in the US, UK, and Canada for everyday measurements. The Pound belongs to the imperial/US customary system.
History of the Troy Ounce and Pound
Ancient and Medieval Origins (Pre-1500)
The word "ounce" derives from the Latin "uncia" (one-twelfth), reflecting the Roman system where 1 uncia = 1/12 of a libra (pound). The troy system's specific origins trace to Troyes, France, a major European trade city.
12th-15th centuries - Champagne Fairs: Troyes hosted international trade fairs where merchants from Italy, Flanders, England, and German states exchanged goods. Precious metals, spices, and textiles required standardized weights. The "Troyes weight" system emerged as a trusted standard for valuable commodities, particularly gold, silver, and gemstones.
Why "troy" not "avoirdupois"? Two parallel weight systems developed:
- Troy weights: For precious metals, spices, medicines (high-value, small quantities)
- Avoirdupois weights: For bulk goods like wool, grain, iron (from French "avoir de pois" = goods of weight)
English Standardization (1500-1800)
1527 - King Henry VIII standardization: Henry VIII officially defined troy weights for the English realm, establishing:
- 1 troy pound = 5,760 grains
- 1 troy ounce = 480 grains
- 1 grain = 64.79891 milligrams (based on barley grain weight)
1758 - British assay offices: The Goldsmiths' Company and assay offices in London, Birmingham, Sheffield, and Edinburgh used troy ounces exclusively for hallmarking gold and silver items. This reinforced troy ounces as the legal standard for precious metals in British commerce.
The Tower Pound obsolescence: England previously used the "Tower pound" for minting coins (5,400 grains), but troy weights (5,760 grains per pound) eventually replaced it in 1527, creating unified standards for bullion and coinage.
American Adoption (1776-1900)
1776-1792 - Early United States: American colonies inherited British troy standards. The early U.S. used Spanish silver dollars and British gold sovereigns, all measured in troy ounces.
1828 - U.S. Coinage Act: Congress officially adopted troy weights for all U.S. coinage. The Act specified:
- Gold dollar = 25.8 grains (1.672 g) of 90% gold
- Silver dollar = 412.5 grains (26.73 g) of 90% silver
- All coins measured in troy grains
1849-1855 - California Gold Rush: The discovery of gold at Sutter's Mill created massive demand for standardized weights. Assay offices in San Francisco weighed gold dust and nuggets in troy ounces, establishing the unit in the American West.
1873 - Coinage Act ("Crime of 1873"): This act demonetized silver, ending bimetallism. However, troy ounces remained the standard for measuring both gold and silver bullion.
Global Standardization (1900-Present)
1900-1971 - The Gold Standard era: Most nations tied currencies to gold reserves, measured in troy ounces:
- 1900: Gold Standard Act (U.S. fixed $20.67 per troy ounce)
- 1933: FDR revalued gold to $35 per troy ounce
- 1944: Bretton Woods Agreement ($35/oz t peg)
- 1971: Nixon ended gold convertibility, but troy ounce pricing persisted
1919 - London Bullion Market Association (LBMA): Founded to standardize London gold market practices. LBMA established:
- Good Delivery bars: 350-430 troy ounces (typically 400 oz t)
- Minimum purity: 995 parts per 1,000 (99.5% pure gold)
- Troy ounce quotations for spot prices
1974 - COMEX gold futures: The Commodity Exchange (COMEX) in New York launched gold futures contracts:
- Contract size: 100 troy ounces
- Delivery specifications: 1 kg bars (32.1507 oz t) or 100 oz bars
- Global price discovery mechanism
1975 - Gold ownership legalization: U.S. citizens regained the right to own gold bullion (banned since 1933). Investment coins like the Krugerrand (1 oz t), Canadian Maple Leaf (1 oz t), and American Gold Eagle (1 oz t) popularized troy ounce denominations for retail investors.
2000s-Present - Digital age: Despite metrication, troy ounces dominate:
- ETFs: SPDR Gold Shares (GLD) holds 900+ tons (28.9M oz t)
- Central banks: Reserve holdings reported in troy ounces (U.S. 261.5M oz t, Germany 108.9M oz t)
- Spot prices: Bloomberg, Reuters, Kitco quote gold/silver per troy ounce
- Refineries: Swiss refiners (PAMP, Valcambi) produce bars in troy ounce sizes
Cultural Significance
The troy ounce represents continuity in global finance—a medieval trade standard that survived the industrial revolution, world wars, and digital transformation. While most historical units vanished with metrication, the troy ounce persists because precious metals markets value tradition, legal precedent, and universal standardization over decimal convenience.
The pound represents one of the oldest weight measurements in continuous use, with lineage tracing back over two millennia.
Roman Origins: The word "pound" derives from the Latin pondus (weight), while the symbol "lb" comes from libra, the Roman unit of weight equal to approximately 329 grams. The Romans used a libra divided into 12 unciae (ounces), though this differs from the modern 16-ounce pound.
Medieval Development: Multiple "pounds" existed simultaneously in medieval Europe—the tower pound (5,400 grains), merchant's pound (6,750 grains), and troy pound (5,760 grains) for precious metals. This created confusion in commerce and necessitated standardization.
Avoirdupois System: In 13th-century England, the avoirdupois system (from Old French aver de peis, "goods of weight") emerged for general commerce. The avoirdupois pound standardized at 16 ounces, each containing 437.5 grains, totaling 7,000 grains per pound. This system proved so practical for trade that it displaced most other pound definitions.
British Standardization: The Weights and Measures Act of 1824 established the imperial pound throughout the British Empire, legally defining it through physical standards. The Imperial Standard Pound, a platinum cylinder, was kept at the Houses of Parliament as the official definition.
US Independence: After the American Revolution, the United States maintained the British pound definition from colonial times. The Mendenhall Order of 1893 tied US weights to metric standards: 1 pound = 0.4535924277 kilograms (based on 1 meter = 39.37 inches).
1959 International Agreement: The international yard and pound agreement unified English-speaking nations. The United States, United Kingdom, Canada, Australia, New Zealand, and South Africa agreed that 1 pound equals exactly 0.45359237 kilograms. This created perfect mathematical alignment between imperial and metric systems.
Troy vs. Avoirdupois: Two pound systems coexist today. The avoirdupois pound (16 oz, 453.6 g) is used for general commerce and everyday measurements. The troy pound (12 troy oz, 373.2 g) survives only for precious metals—gold, silver, platinum. When someone says "pound" without qualifier, they always mean avoirdupois pound.
Cultural Persistence: Despite metric conversion efforts worldwide, the pound persists in American daily life. The 1975 Metric Conversion Act made metric "preferred" but voluntary, allowing continued pound usage. Today, Americans buy meat in pounds, weigh themselves in pounds, and ship packages in pounds, maintaining a measurement tradition spanning centuries.
Common Uses and Applications: troy ounces vs pounds
Explore the typical applications for both Troy Ounce (imperial/US) and Pound (imperial/US) to understand their common contexts.
Common Uses for troy ounces
1. Precious Metals Trading
The troy ounce is the universal standard for global bullion markets:
Spot price quotations:
- Gold: $1,800-2,100 per troy ounce (fluctuates with markets)
- Silver: $20-30 per oz t
- Platinum: $900-1,200 per oz t
- Palladium: $1,000-1,600 per oz t
- Rhodium: $3,000-15,000 per oz t (highest volatility)
Major markets:
- London Bullion Market (LBMA): Sets gold/silver fix twice daily in troy ounces
- COMEX (New York): Futures contracts (100 oz t gold, 5,000 oz t silver)
- Shanghai Gold Exchange: Trades gold in grams but converts to oz t for international quotes
- Dubai Gold Souk: Retail sales in grams, wholesale in troy ounces
Why troy ounces persist: Centuries of price history, legal contracts, and central bank reserves create network effects—changing to grams would require recalibrating trillions in financial instruments.
2. Investment Coins & Bars
Government minted coins (1 oz troy):
- American Gold Eagle: Most popular U.S. bullion coin, 22K gold
- Canadian Maple Leaf: 24K gold (.9999 fine), iconic design
- South African Krugerrand: First modern bullion coin (1967)
- Austrian Philharmonic: European alternative, euro-denominated
- Chinese Gold Panda: Annual design changes, collector value
Fractional coins:
- 1/2 oz, 1/4 oz, 1/10 oz troy ounce denominations
- Higher premiums per ounce (manufacturing costs)
- Easier to liquidate small amounts
Private mint bars:
- 1 oz, 10 oz, 100 oz troy ounce sizes (silver)
- 1 oz, 10 oz, 1 kg gold bars
- Lower premiums than coins (no numismatic value)
- Stackability for storage
3. Jewelry Manufacturing
Jewelers purchase gold in troy ounces but often work in grams or pennyweights (dwt):
Pricing structure:
- Spot price: Current troy ounce price (e.g., $2,000/oz)
- Karat adjustment: 14K = 58.3%, 18K = 75%, 22K = 91.67%
- Fabrication cost: Labor, design, gemstones
- Retail markup: 2-3× material cost
Example calculation (14K ring):
- Weight: 5 grams = 0.16075 oz t
- Pure gold: 0.16075 × 0.583 = 0.0938 oz t
- Gold value: 0.0938 × $2,000 = $187.60
- Retail price: $500-800 (includes labor, overhead, profit)
Scrap gold recycling: Jewelers sell scrap in troy ounces to refineries, receiving 90-95% of spot price (refining losses, processing fees).
4. Pharmaceutical & Apothecary (Historic)
Before metrication, pharmacists used troy weights for compounding:
Apothecaries' system:
- 20 grains = 1 scruple
- 3 scruples = 1 dram
- 8 drams = 1 troy ounce
Modern legacy:
- Grain measurements persist (aspirin: 5 grains = 325 mg)
- Troy ounces phased out in medicine by 1970s
- Replaced by milligrams and grams for precision
5. Mining & Geology
Gold production and ore grades measured in troy ounces:
Reserve reporting:
- Gold deposits: "10 million oz t at 2 g/t grade" (metric tons ore, troy ounces gold)
- Production rates: "500,000 oz t per year" (annual mine output)
Ore grades:
- High-grade: 10-20 g/t (0.32-0.64 oz t per metric ton ore)
- Low-grade: 1-5 g/t (0.032-0.16 oz t/t)
- Ultra-low-grade: 0.5 g/t (economical with modern extraction)
Example (Nevada Gold Mine):
- Reserves: 50 million metric tons
- Grade: 2 g/t (0.064 oz t/t)
- Contained gold: 3.2 million troy ounces
- Mine life: 15 years (213,000 oz t/year production)
6. Central Banking & Reserves
Countries hold gold reserves measured in troy ounces:
Reserve valuation: Most central banks value gold at historic cost ($42.22/oz t, a 1973 price), not market rates. However, market value uses current spot prices:
- U.S. reserves: 261.5M oz t × $2,000 = $523 billion market value
- Official books: 261.5M oz t × $42.22 = $11 billion (!)
Reserve diversification:
- Gold as % of reserves: U.S. (70%), Germany (67%), Italy (64%)
- Rationale: Inflation hedge, currency crisis protection, geopolitical insurance
7. Collectibles & Numismatics
Coin collectors distinguish between bullion value (troy ounces) and numismatic value (rarity, condition):
Example: 1933 Double Eagle
- Gold content: 0.9675 oz t (~$1,935 melt value)
- Auction price: $18.9 million (2021 Sotheby's)
- Numismatic premium: 9,700× bullion value!
Modern bullion vs. collectible:
- Bullion: Trades at spot + 3-10% premium (1 oz Gold Eagle)
- Collectible: Rare dates, low mintages command 2-100× premiums
When to Use pounds
Medical and Healthcare Settings
Healthcare in the US primarily operates in pounds for patient weight, though hospitals increasingly record kilograms for medication dosing calculations. Patient charts typically show both: "185 lbs (84 kg)." However, all patient communication uses pounds—doctors say "You've gained 5 pounds" or "Try to lose 10-15 pounds," never kilograms.
Weight-based medication dosing creates complexity: drugs dose in mg/kg, requiring conversion. A 160-lb patient equals 72.6 kg, so a drug dosed at 5 mg/kg requires 363 mg. Medical staff use conversion charts or electronic calculators to prevent errors.
Anesthesiology requires precise weight for medication dosing. Operating room scales display both pounds and kilograms, with staff typically asking patients "What's your weight in pounds?" for verification against chart data.
Public health BMI calculations use pounds and inches in the US: BMI = (weight in pounds × 703) ÷ (height in inches)². A person 5'9" (69") weighing 170 lbs has BMI = (170 × 703) ÷ (69 × 69) = 25.1, just into the "overweight" category (BMI 25-29.9).
Weight Loss and Fitness Industry
Diet programs, weight loss apps, and fitness tracking exclusively use pounds in the US market. Weight Watchers, MyFitnessPal, Lose It!, and similar apps default to pounds, though users can switch to kilograms.
Fitness goals frame in pounds: "Lose 20 pounds by summer," "Gain 10 pounds of muscle," "Drop 5 pounds this month." Personal trainers track client progress in pounds, celebrating milestone losses: "You've lost 25 pounds—that's like losing two bowling balls!"
Scale psychology creates significance for specific numbers. Dropping below 200 lbs (reaching "onederland") represents a major milestone for many dieters. Breaking into the 100s (199 lbs) feels dramatically different from 200 lbs despite being only 1 pound difference.
Bodybuilding competitions divide by weight classes in pounds: lightweight (<154 lbs), middleweight (154-176 lbs), light-heavyweight (176-198 lbs), heavyweight (198-242 lbs), super-heavyweight (>242 lbs). Competitors cut weight aggressively, sometimes losing 10-20 lbs of water weight in final days before weigh-in.
Commercial Food Service and Restaurants
Restaurant kitchens order ingredients in pounds and bulk quantities:
- 50-lb bags of onions
- 40-lb cases of chicken breast
- 25-lb blocks of cheese
- 5-lb containers of mayonnaise
- 10-lb boxes of bacon
Recipe scaling in commercial kitchens calculates in pounds: a recipe serving 20 using 2 lbs ground beef scales to serve 100 by using 10 lbs. Kitchen scales measure in pounds and ounces, with precision to 0.1 oz for small quantities.
Food costs calculate per pound: if chicken costs $2.50/lb and a dish uses 6 oz (0.375 lbs), the protein cost is $0.94 per serving. Restaurant profitability depends on accurate food costing, requiring staff to think fluently in pounds and ounces.
Portion control uses ounces: 8-oz steak, 6-oz salmon fillet, 4-oz burger patty (quarter-pounder). Pre-portioned proteins simplify cooking and ensure consistency. A case of forty 4-oz burger patties weighs 10 lbs total.
Postal and Freight Shipping
The entire US shipping industry operates in pounds. Postage rates tier by weight:
USPS First-Class Mail:
- Up to 3 oz: $0.63 (letter)
- Up to 13 oz: Incrementally increases
- Over 13 oz: Requires Priority Mail
Priority Mail tiers:
- Up to 1 lb: $8.50 flat rate (approximate regional)
- 1-2 lbs: $9.50
- 2-3 lbs: $11.00
- Continues in 1-lb increments to 70 lbs
Shipping costs increase dramatically with weight. A 15.5-lb package costs significantly more than a 15-lb package if it crosses a tier boundary. Online sellers optimize packaging to stay within weight tiers: use lighter boxes, remove unnecessary materials, choose compact packaging.
Freight shipping (over 150 lbs) charges by "hundredweight" (CWT): cost per 100 lbs. A 750-lb shipment traveling 500 miles at $45/CWT costs $337.50 (7.5 × $45).
Farming and Agriculture
Agricultural commerce operates entirely in pounds:
Crop yields per acre:
- Corn: 170-200 bushels/acre (56 lbs per bushel = 9,520-11,200 lbs/acre)
- Soybeans: 50-60 bushels/acre (60 lbs per bushel = 3,000-3,600 lbs/acre)
- Wheat: 50-70 bushels/acre (60 lbs per bushel = 3,000-4,200 lbs/acre)
Livestock weights:
- Market hogs: Sold at 250-280 lbs live weight
- Feeder cattle: Sold at 600-800 lbs, finished at 1,200-1,400 lbs
- Broiler chickens: Processed at 5-6 lbs
- Turkeys: Processed at 25-30 lbs
Feed calculations:
- Dairy cow eats 50-60 lbs of feed daily
- Beef cattle eat 25-30 lbs of feed daily during finishing
- Horse eats 15-25 lbs of hay daily
- Bag of horse feed: 50 lbs (common size)
Farmers sell crops and livestock by the pound or hundredweight (100 lbs). Commodity prices quote in cents per pound: corn at $0.055/lb, soybeans at $0.15/lb (converted from bushel prices).
Manufacturing and Industrial Production
Manufacturing specs, especially for non-precision work, use pounds:
Sheet metal weight:
- Steel sheet weight: pounds per square foot for given thickness
- Aluminum sheet: Lighter than steel at same thickness
- Copper sheet: Heavier than steel
Material handling:
- Pallet weight limits: 2,500 lbs typical
- Forklift capacity: 3,000-5,000 lbs common
- Hand truck/dolly: 500-800 lbs capacity
Product specifications:
- Appliances: Refrigerator 200-300 lbs, washing machine 150-200 lbs
- Furniture: Dining table 50-150 lbs, dresser 100-200 lbs
- Machinery: Small lathe 500-1,500 lbs, mill 2,000-5,000 lbs
Shipping and logistics calculate by weight and dimensions. Freight classifications assign classes based on weight density (pounds per cubic foot): class 50 (50+ lbs/cu ft, densest), class 500 (1 lb/cu ft, lightest).
Waste Management and Recycling
Waste services charge based on weight:
Dumpster weight limits:
- 10-yard dumpster: 2-3 tons (4,000-6,000 lbs) weight limit
- 20-yard dumpster: 3-4 tons (6,000-8,000 lbs)
- 40-yard dumpster: 5-6 tons (10,000-12,000 lbs)
Exceeding weight limits incurs fees: $50-100 per ton over limit. Construction debris (concrete, brick, dirt) quickly exceeds weight limits despite not filling volume.
Recycling programs:
- Aluminum cans: ~30 cans per pound, recyclers pay $0.30-0.50/lb
- Scrap steel: $0.05-0.15/lb
- Copper: $2-4/lb (valuable, often stolen)
- Cardboard: $0.02-0.10/lb
- Paper: $0.01-0.05/lb
Individuals recycling metals weigh loads at scrap yards on drive-over scales, receiving payment based on total pounds by category.
Pet Care and Veterinary Medicine
Pet food portion recommendations use pounds:
- Small dogs (<20 lbs): 1/2 to 1 cup food daily
- Medium dogs (20-50 lbs): 1 to 2 cups daily
- Large dogs (50-90 lbs): 2 to 3.5 cups daily
- Giant dogs (>90 lbs): 3.5 to 5+ cups daily
Medication dosing requires accurate pet weight. A 40-lb dog receiving medication at 1 mg/lb needs a 40 mg dose. Underdosing proves ineffective; overdosing risks toxicity.
Veterinarians track pet weight over time, flagging unhealthy gains or losses. "Fluffy has gained 3 pounds since last year—we need to reduce portions" or "Max has lost 5 pounds unexpectedly—let's run some tests."
Additional Unit Information
About Troy Ounce (oz t)
1. Is a troy ounce the same as a regular ounce?
No. The troy ounce (31.1035 g) is about 9.7% heavier than the avoirdupois ounce (28.3495 g) used for food and general items.
Visual comparison:
- 1 troy ounce gold = Size of a large grape (but very dense)
- 1 avoirdupois ounce flour = Same volume but less mass
When it matters: Precious metals (gold, silver, platinum) always use troy ounces. If someone offers you "1 ounce of gold" at a suspiciously low price, verify it's troy ounces—not avoirdupois!
2. How many grams are in a troy ounce?
Exactly 31.1034768 grams.
This precise definition comes from the 1959 international agreement on units. It's the same globally—LBMA (London), COMEX (New York), and Shanghai Gold Exchange all use this exact conversion.
For practical purposes:
- 1 troy oz ≈ 31.1 grams (rounded)
- 10 troy oz ≈ 311 grams
- 32.15 troy oz = 1 kilogram (exactly 1,000 g)
3. How many troy ounces are in a troy pound?
12 troy ounces = 1 troy pound (373.24 grams).
This differs from the avoirdupois system where 16 ounces = 1 pound. The troy system uses base-12 (duodecimal), a remnant of Roman and medieval counting systems.
Paradox explained:
- Troy ounce (31.10 g) > Avoirdupois ounce (28.35 g)
- BUT Troy pound (373.24 g) < Avoirdupois pound (453.59 g)
Why: 12 × 31.10 = 373.24, while 16 × 28.35 = 453.59.
4. Why do precious metals use troy ounces instead of grams?
Historical inertia and market convention.
Reasons troy ounces persist:
-
Centuries of price data: Gold has been priced per troy ounce since the 1700s. Changing would break historical charts and analysis.
-
Legal tender and contracts: U.S. Mint, Canadian Mint, and others legally define coins in troy ounces. Futures contracts, options, and derivatives are denominated in oz t.
-
Central bank reserves: Fort Knox holds "147.3 million troy ounces," not "4,582.7 metric tons"—the legal records use troy ounces.
-
Network effects: If London uses oz t, New York must too. Shanghai converts grams to oz t for international quotes.
-
Cultural identity: "An ounce of gold" evokes tangibility. "31.1 grams of gold" lacks the same resonance.
Metrication attempts failed: France and other metric-first countries tried quoting gold in grams, but international traders kept converting back to oz t for comparison.
5. How much is 1 troy ounce of gold worth?
It fluctuates constantly. As of 2024, gold trades between $1,800 - $2,100 per troy ounce, depending on economic conditions.
Price drivers:
- Inflation fears: Gold rises when currency value erodes
- Interest rates: Low rates → gold attractive (no yield anyway)
- Geopolitical crises: Wars, sanctions boost safe-haven demand
- Central bank buying: China, Russia, Turkey accumulating reserves
- Jewelry demand: India, China seasonal festivals
Historical context:
- 1900: $20.67/oz (Gold Standard Act)
- 1971: $35/oz (Nixon Shock, end of Bretton Woods)
- 1980: $850/oz (Hunt Brothers silver crisis, inflation)
- 2011: $1,900/oz (Financial crisis aftermath)
- 2020: $2,067/oz (COVID-19 pandemic peak)
Real-time prices: Check Bloomberg, Reuters, Kitco, or bullion dealer sites.
6. What's the difference between "carat" and "karat"?
Completely different units—one measures weight, the other purity:
CARAT (ct) = Gemstone weight
- 1 carat = 200 milligrams = 0.00643 troy ounces
- Measures diamonds, rubies, sapphires, emeralds
- "5-carat diamond" = 1 gram weight
KARAT (K or kt) = Gold purity
- 24K = 100% pure gold
- 18K = 75% gold (18/24)
- 14K = 58.3% gold (14/24)
- Measures alloy composition, not weight
Example: "18K gold ring weighing 0.2 troy ounces" means:
- Karat: 75% pure (18/24)
- Weight: 0.2 oz t = 6.22 g total
- Pure gold: 0.15 oz t = 4.67 g (6.22 × 0.75)
7. Can I buy fractional troy ounces?
Yes! Governments and private mints produce fractional coins:
Common sizes:
- 1/10 oz t (3.11 g) — Popular for small investors
- 1/4 oz t (7.78 g)
- 1/2 oz t (15.55 g)
- 1 oz t (31.10 g) — Most popular size
Trade-offs:
- Pros: Lower entry cost ($200 for 1/10 oz vs. $2,000 for 1 oz), easier to liquidate small amounts
- Cons: Higher premiums per ounce (1/10 oz costs ~15% premium vs. 3-5% for 1 oz)
Example:
- 1 oz Gold Eagle: $2,050 ($50 premium over $2,000 spot = 2.5%)
- 1/10 oz Gold Eagle: $240 ($40 premium over $200 spot = 20%!)
Why higher premiums? Minting costs don't scale linearly. Striking a 1/10 oz coin costs almost as much as a 1 oz coin, so the percentage premium is higher.
8. What is a "Good Delivery" gold bar?
The international standard for large-scale gold bullion, set by the London Bullion Market Association (LBMA).
Specifications:
- Weight: 350-430 troy ounces (typically 400 oz t = 12.4 kg)
- Purity: Minimum 995 parts per 1,000 (99.5% pure gold)
- Fineness stamp: Refinery mark, serial number, purity, year
- Refiners: LBMA-approved list (~70 refineries: PAMP, Valcambi, Rand, Johnson Matthey)
Why "Good Delivery"? Before standardization, banks had to assay every bar (costly, time-consuming). LBMA Good Delivery certification means bars are universally accepted without re-assaying.
Where they're used:
- Central bank reserves (Fort Knox, Bank of England vaults)
- Commercial bank vaults (HSBC, JPMorgan)
- ETF backing (SPDR Gold Shares stores Good Delivery bars)
Retail availability: Most investors never see Good Delivery bars—they're institutional. Retail investors buy 1 oz coins or small bars (1 oz, 10 oz, 100 oz).
9. How do I convert troy ounces to kilograms?
Formula:
1 troy ounce = 0.0311034768 kilograms
OR
1 kilogram = 32.1507466 troy ounces
Quick method: Divide troy ounces by 32.15 to get kilograms:
400 oz t ÷ 32.15 ≈ 12.44 kg
Precise method: Multiply troy ounces by 0.0311034768:
400 oz t × 0.0311034768 = 12.44139072 kg (EXACT)
Common conversions:
- 1 oz t = 0.0311 kg
- 10 oz t = 0.311 kg
- 100 oz t = 3.11 kg
- 1,000 oz t = 31.1 kg
- 32.15 oz t = 1 kg (exactly 1,000 g)
10. What's the smallest amount of gold I can buy?
Technically, you can buy any amount, but practical minimums exist:
Physical gold:
- Smallest coins: 1/10 oz t (~$200-250)
- Gold jewelry: Varies, but 14K chains start around $100-200 (contains ~0.05 oz t pure gold)
- Gold leaf: Decorative, negligible weight (~0.001 oz t per sheet)
Paper gold (no physical delivery):
- Gold ETFs (GLD, IAU): 1 share ≈ 0.1 oz t (~$200)
- Fractional platforms (OneGold, Vaulted): Buy as little as $1 worth (0.0005 oz t)
- Futures contracts: 100 oz t minimum (~$200,000—professional traders only)
Recommendation for beginners: Start with 1/4 oz or 1/2 oz coins (balance between affordability and premiums). Avoid tiny fractions (1/20 oz) due to extremely high premiums.
11. How do jewelers measure gold?
Three units, depending on context:
- Troy ounces (oz t): Buying gold from refineries, calculating melt value
- Pennyweights (dwt): Traditional unit (1 oz t = 20 dwt, 1 dwt = 1.555 g)
- Grams (g): Modern standard, easier math
Example (jeweler selling 14K scrap):
- Weighs scrap: 25.5 grams
- Converts to troy ounces: 25.5 ÷ 31.1 = 0.82 oz t
- Calculates pure gold: 0.82 × 0.583 (14K) = 0.478 oz t
- Refinery pays: 0.478 × $2,000 × 0.95 = $908 (95% of spot, 5% refining fee)
Pennyweight legacy: Older jewelers still use "dwt" for historic reasons. Most modern shops use grams for precision.
12. Why are central banks buying more gold?
Diversification away from the U.S. dollar and geopolitical hedging.
Key drivers:
- De-dollarization: Russia, China, Turkey reducing USD reserves after sanctions
- Inflation hedge: 2020-2024 inflation spikes drove safe-haven demand
- Currency debasement fears: Massive money printing (COVID stimulus) erodes fiat value
- Geopolitical tensions: Ukraine war, Taiwan tensions increase reserve gold holdings
Recent trends (2020-2024):
- China: Added 300+ tons (9.6M oz t) in 2023 alone
- Russia: Doubled reserves to 2,300 tons (74M oz t) before Ukraine war
- Poland: Increased from 103 to 228 tons (7.3M oz t)
- Singapore: Tripled reserves to 230 tons (7.4M oz t)
Why troy ounces matter: Central bank transactions are reported in troy ounces (IMF, World Gold Council standards), even though storage is often measured in metric tons.
About Pound (lb)
How many ounces are in a pound?
There are exactly 16 ounces in 1 avoirdupois pound. This relationship is fundamental to the US customary weight system and has remained constant since the avoirdupois system was standardized in 13th-century England.
The 16-ounce division allows convenient fractional measurements: 1/2 pound = 8 oz, 1/4 pound = 4 oz (quarter-pounder burger), 1/8 pound = 2 oz. Food packaging commonly uses both: "1 lb (16 oz)" or "12 oz (3/4 lb)."
Converting pounds to ounces: Multiply pounds by 16
- 1 lb = 16 oz
- 2.5 lbs = 40 oz
- 0.75 lbs = 12 oz (three-quarters of a pound)
Converting ounces to pounds: Divide ounces by 16
- 32 oz = 2 lbs
- 24 oz = 1.5 lbs
- 10 oz = 0.625 lbs
Mixed notation: "5 lbs 10 oz" means 5 pounds + 10 ounces = (5 × 16) + 10 = 90 ounces total.
Important distinction: Fluid ounces (volume) and ounces (weight) are different measurements. "16 fluid ounces" of water weighs approximately 16 ounces, but 16 fluid ounces of honey weighs about 24 ounces. The context determines which "ounce" is meant.
How do I convert pounds to kilograms?
To convert pounds to kilograms, multiply by 0.45359237. This is the exact conversion factor established by the 1959 international agreement.
Formula: kilograms = pounds × 0.45359237
Examples:
- 1 lb = 0.454 kg
- 10 lbs = 4.536 kg
- 50 lbs = 22.680 kg
- 100 lbs = 45.359 kg
- 150 lbs = 68.039 kg
- 200 lbs = 90.718 kg
Quick approximation: For mental math, divide pounds by 2.2 (or multiply by 0.45):
- 100 lbs ÷ 2.2 ≈ 45.5 kg (actual: 45.36 kg)
- 150 lbs ÷ 2.2 ≈ 68.2 kg (actual: 68.04 kg)
Reverse conversion (kg to lbs): Multiply kilograms by 2.20462
- 10 kg = 22.046 lbs
- 50 kg = 110.231 lbs
- 75 kg = 165.347 lbs
For professional contexts (medical dosing, commercial trade, engineering), always use the exact conversion factor. For casual estimates ("How heavy is that in kilograms?"), dividing by 2.2 provides close enough results.
What measurement system uses pounds?
The pound (lb) is a key unit in the imperial and US customary measurement systems. While the UK officially adopted the metric system in 1965, pounds remain common for body weight, and road signs still show distances in miles. The United States uses pounds extensively across all aspects of daily life.
Where pounds are standard:
- United States: Primary weight unit for commerce, body weight, cooking, shipping
- United Kingdom: Still common for body weight (though officially metric)
- Canada: Used alongside metric, especially for body weight and produce
- Caribbean nations: Many former British colonies maintain some imperial usage
Where kilograms dominate:
- European Union countries (mandatory metric since 1960s-1990s)
- Asia (Japan, China, Korea, etc.)
- Australia and New Zealand (converted to metric 1970s)
- Latin America
- Africa (except Liberia)
Hybrid usage: Many countries officially metric still use pounds informally. UK residents often describe body weight in stones and pounds despite official metric policy. Canada labels food in both grams and ounces.
Where is the pound commonly used?
The pound is primarily used in the United States for everyday measurements. Americans use pounds for:
Personal:
- Body weight (bathroom scales, medical records)
- Baby weight ("7 pounds, 6 ounces")
- Pet weight (vet visits, food portions)
- Luggage weight (airline limits)
Commerce:
- Grocery pricing ($3.99/lb for meat, produce)
- Postal shipping (USPS rates by pound)
- Food packaging (5-lb bag of flour)
- Restaurant portions (8-oz steak, quarter-pound burger)
Industrial:
- Construction materials (80-lb bag of concrete)
- Agricultural commodities (livestock sold per pound)
- Manufacturing specifications (product weights)
- Freight shipping (charges per 100 lbs)
The United Kingdom and Canada also use pounds commonly, though officially metric. UK residents often state body weight in stones and pounds. Canadian grocery stores show prices in both $/lb and $/kg.
In aviation, pounds of thrust measure jet engine power worldwide, and pounds of fuel calculate aircraft loading, even in metric countries—similar to altitude measured in feet globally.
Why do we use "lb" for pound?
The symbol "lb" comes from the Latin word libra, meaning balance or scales, which was the Roman unit of weight. The word "pound" itself derives from Latin pondus (weight), while the abbreviation preserved the Roman unit name.
Historical explanation:
- Roman libra ≈ 329 grams (about 0.7 modern pounds)
- Medieval scholars used "lb" as the standard abbreviation
- When the avoirdupois pound (16 oz, 454g) became England's commercial standard, it retained the Roman abbreviation despite the different weight value
Modern usage:
- "lb" serves both singular and plural (1 lb, 5 lb, not "5 lbs" technically, though "lbs" is common)
- Pronounced "pound" or "pounds" despite the letters "l-b"
- Used internationally in trade: "100 lb net weight"
Related terms:
- PSI = Pounds per Square Inch (pressure)
- lb-ft = pound-feet (torque)
- lb-test = fishing line strength (pounds of force before breaking)
The disconnect between spelling (lb) and pronunciation (pound) confuses English learners, but it's deeply embedded in language. No serious proposals exist to change it—tradition preserves the Roman abbreviation despite its non-phonetic representation.
What's the difference between mass and weight in pounds?
In scientific terms, mass measures the amount of matter in an object (kilogram or pound-mass), while weight measures the gravitational force on that mass (Newton or pound-force). However, in everyday American usage, "pound" refers to both interchangeably without distinction.
Scientific definitions:
- Mass (lbm): Amount of matter, constant regardless of location
- Weight (lbf): Force due to gravity = mass × acceleration
On Earth's surface, an object with 1 pound-mass (lbm) experiences 1 pound-force (lbf) of weight. On the Moon (1/6 Earth's gravity), that 1 lbm object would weigh only 0.167 lbf—but bathroom scales there would still show "1 lb" because they're calibrated for Earth gravity.
Everyday reality: When Americans say "I weigh 150 pounds," they technically mean "I have a mass that creates 150 pounds-force on Earth." Scales measure force (weight) but display mass units (pounds) assuming Earth gravity.
Engineering context: Engineers distinguish lbm (pound-mass) from lbf (pound-force) in calculations involving acceleration, thrust, or different gravitational environments. Aerospace applications carefully track both since spacecraft experience varying gravitational forces.
Practical impact: For everyday purposes—buying meat, weighing luggage, measuring body weight—the distinction doesn't matter. All occur at Earth's surface where 1 lbm = 1 lbf. Only in scientific, aerospace, or physics contexts does the mass vs. weight distinction require precision.
How much is a stone in pounds?
One stone equals exactly 14 pounds. The stone is a British imperial unit of weight still commonly used in the UK and Ireland for human body weight, though officially replaced by kilograms in most contexts.
Common conversions:
- 1 stone = 14 lbs = 6.35 kg
- 10 stone = 140 lbs = 63.5 kg
- 12 stone = 168 lbs = 76.2 kg
- 15 stone = 210 lbs = 95.3 kg
UK usage: British people typically express body weight in stones and pounds together:
- "I weigh 11 stone 8" = 11 stone + 8 lbs = 154 + 8 = 162 lbs total
- "I've lost half a stone" = lost 7 lbs
- "I need to lose 2 stone" = need to lose 28 lbs
Historical context: The stone was standardized in 1835 at 14 pounds for weighing people. Different stone weights existed historically for various commodities: wool stone (14 lbs), meat stone (8 lbs), cheese stone (16 lbs). The 14-pound definition survived for body weight.
Modern decline: Official UK government documents and medical records now use kilograms following metrication. However, bathroom scales in UK homes often still display stones and pounds, and older generations particularly think in stones when discussing weight.
US usage: Americans rarely use stones. When British media mentions someone weighing "12 stone," American audiences need conversion to understand this means 168 lbs.
Can you mix pounds and ounces in calculations?
Yes, but you must handle them carefully to avoid errors. Pounds and ounces can be added, subtracted, multiplied, and divided, but excess ounces must convert to pounds (since 16 oz = 1 lb).
Addition/Subtraction: Add or subtract pounds and ounces separately, then convert excess ounces:
- 5 lbs 10 oz + 3 lbs 8 oz = 8 lbs 18 oz = 9 lbs 2 oz (convert 18 oz = 1 lb 2 oz)
- 7 lbs 4 oz − 2 lbs 10 oz: borrow 1 lb = 16 oz, so 7 lbs 4 oz = 6 lbs 20 oz, then 6 lbs 20 oz − 2 lbs 10 oz = 4 lbs 10 oz
Multiplication/Division: Convert entirely to ounces or decimal pounds:
- Double 3 lbs 6 oz: Convert to 54 oz, double = 108 oz = 6 lbs 12 oz
- Half of 5 lbs 10 oz: Convert to 90 oz, half = 45 oz = 2 lbs 13 oz
- Or use decimal: 5 lbs 10 oz = 5.625 lbs, half = 2.8125 lbs = 2 lbs 13 oz
Decimal conversion:
- Pounds to decimal: 5 lbs 10 oz = 5 + (10÷16) = 5.625 lbs
- Decimal to pounds-ounces: 3.75 lbs = 3 lbs + 0.75 lbs = 3 lbs + 12 oz = 3 lbs 12 oz
Kitchen scales: Many digital scales switch between decimal pounds (5.63 lbs) and pounds-ounces (5 lbs 10 oz). Use decimal for recipe scaling and math, pounds-ounces for traditional recipes and portions.
What's a "hundredweight" and how does it relate to pounds?
A hundredweight (abbreviated cwt) is a unit equal to 100 pounds in the US customary system. It's primarily used in freight shipping, agriculture, and commodity trading for pricing and calculating large quantities.
US hundredweight (short hundredweight): 100 pounds exactly
- Used in United States and Canada
- Freight rates often quote as $/cwt (dollars per hundred pounds)
- Commodity prices: livestock, grains sometimes price per cwt
UK hundredweight (long hundredweight): 112 pounds (8 stone)
- Used historically in British imperial system
- Now largely obsolete in favor of metric
- Equal to 1/20 of a UK long ton (2,240 lbs)
Practical examples:
- Freight charges: "$25/cwt" means $25 per 100 lbs
- A 500-lb shipment at $25/cwt costs 5 × $25 = $125
- Cattle pricing: "$180/cwt" means $1.80/lb; 1,200-lb steer = $2,160
Ton relationships:
- US short ton = 2,000 lbs = 20 cwt
- UK long ton = 2,240 lbs = 20 (UK) cwt
- Metric tonne = 2,204.6 lbs ≈ 22 cwt
Why it persists: Hundredweight provides convenient round numbers for commodity trading and freight pricing. Saying "$45 per hundredweight" sounds simpler than "$0.45 per pound," and multiplying weight by hundredweight rate requires fewer decimal places.
How accurate do bathroom scales measure pounds?
Typical consumer bathroom scales measure weight accurate to ±0.2-1 pound (±90-450 grams), depending on quality and calibration. This means a scale showing "150 lbs" indicates your actual weight is likely between 149-151 lbs.
Scale types and accuracy:
- Spring/mechanical scales: ±1 lb typical accuracy, can drift over time
- Basic digital scales: ±0.5 lb typical accuracy
- High-quality digital scales: ±0.2 lb accuracy (±90 grams)
- Medical-grade scales: ±0.1 lb accuracy (±50 grams)
- Laboratory balances: ±0.01 lb accuracy (±5 grams)
Factors affecting accuracy:
- Surface: Scales must sit on hard, flat, level floors; carpet adds error
- Calibration: Scales drift over time and need periodic calibration
- Battery: Low battery affects digital scale accuracy
- Temperature: Extreme temperatures alter spring tension or sensor readings
- Weight distribution: Leaning or shifting weight creates false readings
Consistency vs. accuracy: For weight tracking, consistency matters more than absolute accuracy. If your scale consistently reads 2 lbs heavy, you can still track changes accurately. Weigh yourself same time daily (morning after bathroom, before eating), same scale, same conditions.
Verification: To check scale accuracy, weigh a known weight (10-lb dumbbell, 5-lb bag of flour). If the scale shows 10.2 lbs for a 10-lb dumbbell, it's within reasonable tolerance. Differences over 0.5 lbs suggest recalibration needed.
Conversion Table: Troy Ounce to Pound
| Troy Ounce (oz t) | Pound (lb) |
|---|---|
| 0.5 | 0.034 |
| 1 | 0.069 |
| 1.5 | 0.103 |
| 2 | 0.137 |
| 5 | 0.343 |
| 10 | 0.686 |
| 25 | 1.714 |
| 50 | 3.429 |
| 100 | 6.857 |
| 250 | 17.143 |
| 500 | 34.286 |
| 1,000 | 68.571 |
People Also Ask
How do I convert Troy Ounce to Pound?
To convert Troy Ounce to Pound, enter the value in Troy Ounce in the calculator above. The conversion will happen automatically. Use our free online converter for instant and accurate results. You can also visit our weight converter page to convert between other units in this category.
Learn more →What is the conversion factor from Troy Ounce to Pound?
The conversion factor depends on the specific relationship between Troy Ounce and Pound. You can find the exact conversion formula and factor on this page. Our calculator handles all calculations automatically. See the conversion table above for common values.
Can I convert Pound back to Troy Ounce?
Yes! You can easily convert Pound back to Troy Ounce by using the swap button (⇌) in the calculator above, or by visiting our Pound to Troy Ounce converter page. You can also explore other weight conversions on our category page.
Learn more →What are common uses for Troy Ounce and Pound?
Troy Ounce and Pound are both standard units used in weight measurements. They are commonly used in various applications including engineering, construction, cooking, and scientific research. Browse our weight converter for more conversion options.
For more weight conversion questions, visit our FAQ page or explore our conversion guides.
Helpful Conversion Guides
Learn more about unit conversion with our comprehensive guides:
📚 How to Convert Units
Step-by-step guide to unit conversion with practical examples.
🔢 Conversion Formulas
Essential formulas for weight and other conversions.
⚖️ Metric vs Imperial
Understand the differences between measurement systems.
⚠️ Common Mistakes
Learn about frequent errors and how to avoid them.
All Weight Conversions
Other Weight Units and Conversions
Explore other weight units and their conversion options:
- Kilogram (kg) • Troy Ounce to Kilogram
- Gram (g) • Troy Ounce to Gram
- Milligram (mg) • Troy Ounce to Milligram
- Ounce (oz) • Troy Ounce to Ounce
- Stone (st) • Troy Ounce to Stone
- Ton (metric) (t) • Troy Ounce to Ton (metric)
- Ton (US) (ton) • Troy Ounce to Ton (US)
- Ton (UK) (long ton) • Troy Ounce to Ton (UK)
- Microgram (µg) • Troy Ounce to Microgram
- Carat (ct) • Troy Ounce to Carat
Verified Against Authority Standards
All conversion formulas have been verified against international standards and authoritative sources to ensure maximum accuracy and reliability.
National Institute of Standards and Technology — US standards for weight and mass measurements
International Organization for Standardization — International standard for mechanics quantities
Last verified: December 3, 2025