Troy Ounce to Ton (US) Converter
Convert troy ounces to US tons with our free online weight converter.
Quick Answer
1 Troy Ounce = 0.0000343 US tons
Formula: Troy Ounce × conversion factor = Ton (US)
Use the calculator below for instant, accurate conversions.
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Troy Ounce to Ton (US) Calculator
How to Use the Troy Ounce to Ton (US) Calculator:
- Enter the value you want to convert in the 'From' field (Troy Ounce).
- The converted value in Ton (US) 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 Ton (US): Step-by-Step Guide
Converting Troy Ounce to Ton (US) involves multiplying the value by a specific conversion factor, as shown in the formula below.
Formula:
1 Troy Ounce = 0.0000342857 US tonsExample Calculation:
Convert 5 troy ounces: 5 × 0.0000342857 = 0.000171429 US tons
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 Ton (US)?
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)
What Is a US Ton?
The US ton (officially called the short ton) is a unit of mass in the United States customary measurement system, defined as:
- Exactly 2,000 pounds (avoirdupois pounds)
- Exactly 32,000 ounces
- Exactly 907.18474 kilograms (by definition from 1959 international agreement)
- 20 hundredweight (where 1 hundredweight = 100 pounds in US system)
The US ton is the standard unit for measuring heavy loads in American commerce, transportation regulations, construction materials, and industrial applications.
US Ton vs. Metric: Key Comparison
US Ton (Short Ton):
- 2,000 pounds (exactly)
- 907.185 kilograms (907.18474 kg precisely)
- Used in United States for trucks, cargo, materials
- Based on 2,000-pound commercial standard
Metric Tonne:
- 1,000 kilograms (exactly)
- 2,204.623 pounds (about 2,205 lb)
- Global standard for international trade, shipping, emissions
- Based on metric system (1,000 kg)
Visual comparison:
- A metric tonne is about 92.8 kg heavier than a US ton (about 205 lb more)
- 1 metric tonne = 1.102 US tons (about 10% heavier)
- 1 US ton = 0.907 metric tonnes (about 10% lighter)
Commercial impact: A 20-ton truck in the US (40,000 lb) equals 18.14 metric tonnes. A 20-tonne truck in Europe (20,000 kg) equals 22.05 US tons. This distinction matters for international shipping, vehicle regulations, and trade contracts.
US Ton vs. Long Ton (UK)
US Ton (Short Ton):
- 2,000 pounds (20 hundredweight × 100 lb)
- 907.185 kg
- Standard in United States
Long Ton (Imperial Ton, UK):
- 2,240 pounds (20 hundredweight × 112 lb)
- 1,016.047 kg
- 12% heavier than US ton
- Used historically in UK, now largely replaced by metric tonne
Difference: The long ton is 240 pounds heavier than the US ton. This originated from different definitions of "hundredweight"—the US uses 100 lb, while the UK traditionally used 112 lb.
When it matters: Historical shipping documents, UK coal trade, and older engineering specifications may reference "tons" meaning long tons (2,240 lb), not US short tons (2,000 lb).
Note: The Troy Ounce is part of the imperial/US customary system, primarily used in the US, UK, and Canada for everyday measurements. The Ton (US) belongs to the imperial/US customary system.
History of the Troy Ounce and Ton (US)
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.
Etymology: The "Tun" Wine Cask
The word "ton" derives from the medieval "tun," a large wine barrel or cask used for transporting and storing wine. A standard tun held approximately 252 wine gallons and weighed roughly 2,000 pounds when full.
This practical origin meant "ton" became synonymous with "very heavy load"—approximately the weight that could be carried in one tun cask. The measurement evolved from this real-world shipping container into a standardized unit of weight.
English Origins: Competing Ton Standards
In medieval and early modern England, multiple "ton" standards coexisted, creating confusion in commerce:
1. Wine Ton (Tun): ~2,000 pounds, based on wine cask weight 2. Long Ton: 2,240 pounds, based on 20 long hundredweight (20 × 112 lb) 3. Shipping Ton: Volume-based, used for calculating cargo space, not weight
The long ton (2,240 lb) became the official British standard, formalized in the British Imperial system in 1824. It was calculated as 20 hundredweight, where 1 hundredweight (cwt) = 112 pounds (8 stone × 14 lb/stone).
The short ton (2,000 lb) remained in common commercial use, especially in trades dealing with bulk commodities. It represented 20 hundredweight of 100 pounds each, a simpler rounding for everyday commerce.
American Adoption: The Short Ton (2,000 Pounds)
When American colonists inherited English measurement systems, both long ton (2,240 lb) and short ton (2,000 lb) were in use. After independence, the United States faced a choice between standardizing on one or the other.
Reasons the US chose the short ton (2,000 lb):
- Simpler arithmetic: 2,000 is easier to divide and calculate than 2,240
- Commercial preference: The 2,000-pound ton was already common in American trade
- Hundredweight definition: The US standardized on 100-pound hundredweight (rather than 112 lb), making 20 × 100 = 2,000 lb logical
- Decimal thinking: 2,000 fits better with base-10 calculations
In 1832, the US Treasury Department formally adopted the 2,000-pound ton as the standard US ton, distinguishing it as the "short ton" to differentiate from the British "long ton" (2,240 lb).
Metric Definition (1959)
The 1959 International Yard and Pound Agreement refined the US ton's definition in metric terms:
- 1 pound = 0.45359237 kilograms (exactly)
- 1 US ton = 2,000 pounds = 907.18474 kilograms (exactly)
This metric definition ended ambiguity about the ton's exact mass in international contexts and established clear conversion factors for trade between US customary and metric systems.
Modern Usage: Persistent in US, Metric Elsewhere
Today, the US ton remains dominant in American industry despite global metrication:
Why the US ton persists in America:
- Transportation regulations: Federal trucking regulations use tons (Gross Vehicle Weight Rating in tons)
- Construction pricing: Gravel, sand, concrete priced per ton (2,000 lb)
- Cultural inertia: Generations of American industry built around ton-based systems
- Equipment design: Trucks, scales, loading equipment calibrated in tons
Global trend toward metric tonnes:
- International shipping: Maritime cargo measured in metric tonnes (1,000 kg)
- Carbon emissions: Greenhouse gases measured in tonnes CO2 (metric)
- Scientific use: Research and engineering use metric tonnes exclusively
- Trade contracts: International agreements specify metric tonnes to avoid confusion
Result: The US is the only major economy still using short tons as the primary heavy-weight standard, requiring constant conversion for international commerce.
Common Uses and Applications: troy ounces vs US tons
Explore the typical applications for both Troy Ounce (imperial/US) and Ton (US) (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 US tons
1. Trucking and Transportation Regulations
Federal trucking regulations:
- Weight limits: Federal limit 80,000 lb (40 tons) gross vehicle weight on interstate highways
- Bridge formulas: Determine allowable weight based on axle spacing
- Weight stations: Weigh trucks to ensure compliance (fines for overweight)
Vehicle classification by GVWR:
- Class 1-2: Up to 10,000 lb (5 tons) — pickups, vans
- Class 3: 10,001-14,000 lb (5-7 tons) — heavy-duty pickups
- Class 4-6: 14,001-26,000 lb (7-13 tons) — box trucks, delivery trucks
- Class 7-8: 26,001-80,000 lb (13-40 tons) — semis, dump trucks, tractor-trailers
Commercial driver's license (CDL) requirements:
- CDL required: Vehicles over 26,000 lb (13 tons) GVWR
- Special endorsements: Hazmat, tanker, double/triple trailers
2. Construction and Building Materials
Material purchasing:
- Bulk materials: Gravel, sand, topsoil, mulch ordered by the ton
- Delivery trucks: 10-ton, 15-ton, 20-ton capacity standard sizes
- Pricing: Per-ton pricing typical ($20-$100/ton depending on material)
Structural engineering:
- Load calculations: Building load capacity measured in tons (tons per square foot)
- Crane capacity: Cranes rated by maximum lift capacity in tons (e.g., 50-ton crane)
- Equipment weight: Bulldozers, excavators specified by operating weight in tons
Concrete and cement:
- Ready-mix trucks: 8-10 cubic yard capacity (~16-20 tons wet concrete)
- Cement bags: 94 lb bags; ~21 bags = 1 ton cement
- Foundation loads: Structural loads calculated in tons
3. Waste Management and Environmental Services
Municipal solid waste:
- Collection fees: Often based on tonnage (residential flat fee, commercial per ton)
- Landfill tipping fees: $30-$100 per ton (varies by region, landfill type)
- Transfer stations: Weigh incoming waste by ton for billing and tracking
Recycling markets:
- Material pricing: Cardboard, metals, plastics traded by ton
- Scrap metal: Auto scrap, structural steel sold by ton to recyclers
- Commodity markets: Recycled materials priced per ton (fluctuates with demand)
Environmental reporting:
- Emissions: Industrial facilities report emissions in tons (NOx, SOx, PM)
- Waste reduction goals: "Divert 10,000 tons from landfills annually"
- Composting: Organic waste diverted measured in tons
4. Maritime and Port Operations
Cargo handling (US ports):
- Container weights: Listed in both tons (US) and metric tonnes (international)
- Crane capacity: Gantry cranes rated in tons lifting capacity
- Ballast water: Ship ballast measured in tons
Vessel tonnage (historical short ton use):
- Gross tonnage (GT): Volume-based ship size measurement (100 cubic feet = 1 register ton)
- Deadweight tonnage (DWT): Weight capacity, now primarily metric tonnes
- Displacement tonnage: Weight of water displaced, traditionally long tons, now metric
US domestic shipping:
- Great Lakes shipping: Often uses short tons for iron ore, coal, grain shipments
- Coastal shipping: Barge loads measured in tons
5. Industrial Manufacturing
Raw material purchasing:
- Steel, aluminum, copper: Purchased by the ton
- Chemicals: Bulk chemicals ordered in ton quantities
- Plastics: Resin pellets sold by ton
Production capacity:
- Steel mill: "Produces 2 million tons steel per year"
- Cement plant: "10,000 tons clinker production per day"
- Paper mill: "500 tons paper production per day"
Heavy machinery:
- Equipment weight: Specified in tons (e.g., "150-ton hydraulic press")
- Material handling: Forklifts, cranes rated by ton capacity
- Foundry operations: Ladle capacity measured in tons of molten metal
6. Agriculture and Commodity Trading
Crop production:
- Yield reporting: "Harvested 5,000 tons corn" or "200 bushels/acre"
- Storage: Grain elevators capacity measured in tons
- Trading: Commodity futures traded in tons or metric tonnes
Livestock operations:
- Feed consumption: "Dairy consumes 1,500 tons feed per year"
- Manure management: Measured in tons for spreading, composting
- Livestock hauling: Trailer capacity rated in tons
Farm equipment:
- Tractor weight: Specified in tons (affects traction, field compaction)
- Implements: Plow, harrow weight measured in tons
7. Energy and Mining
Coal industry:
- Mining production: Measured in tons per day/year
- Transportation: Coal trains (100+ cars × 100 tons = 10,000+ ton trains)
- Power generation: Plant fuel consumption measured in tons/day
Mining operations:
- Ore extraction: Production measured in tons mined per day
- Haul trucks: Mining dump trucks carry 100-400 tons per load
- Processing capacity: "Processes 50,000 tons ore per day"
Oil and gas (weight measurements):
- Equipment: Drilling rigs, platforms specified by weight in tons
- Offshore installations: Platform deck capacity measured in tons
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 Ton (US) (ton)
How many pounds are in a US ton?
There are exactly 2,000 pounds (lb) in 1 US ton (short ton).
Quick conversion:
- 1 ton = 2,000 lb
- 0.5 ton = 1,000 lb
- 2 tons = 4,000 lb
- 10 tons = 20,000 lb
This is the defining relationship: the US ton is defined as exactly 2,000 avoirdupois pounds.
Is the US ton the same as the UK ton?
No. The US ton (short ton) is smaller than the traditional UK ton (long ton):
- US ton (short ton): 2,000 lb = 907.185 kg
- UK long ton: 2,240 lb = 1,016.047 kg
- Difference: The long ton is 240 lb (12%) heavier than the US ton
Modern UK usage: Today, the UK primarily uses metric tonnes (1,000 kg = 2,205 lb), not long tons. Long tons are historical and rarely used in modern commerce.
When it matters: Historical shipping documents, old engineering specifications, and traditional industries (coal mining, maritime) may reference long tons.
What is the difference between a ton and a tonne?
"Ton" (US short ton) and "tonne" (metric tonne) are different units:
US Ton (Short Ton):
- 2,000 pounds (exactly)
- 907.185 kilograms
- Used in United States
- Symbol: ton, st, US ton
Metric Tonne:
- 1,000 kilograms (exactly)
- 2,204.6 pounds
- Used internationally
- Symbol: t, tonne, MT
Key difference: The metric tonne is about 10% heavier (93 kg or 205 lb more) than the US ton.
Spelling note: "Tonne" (with "ne") specifically means metric tonne; "ton" can mean US short ton or UK long ton, requiring clarification.
How do you convert US tons to metric tonnes?
To convert US tons to metric tonnes, multiply by 0.907185 (or approximately 0.9):
Formula:
metric tonnes = US tons × 0.907185
Examples:
- 1 ton = 0.907 tonnes (just under 1 tonne)
- 10 tons = 9.07 tonnes (about 10% lighter)
- 100 tons = 90.7 tonnes
Reverse conversion (tonnes to tons):
US tons = metric tonnes × 1.102311
- 1 tonne ≈ 1.102 tons (about 10% heavier)
- 10 tonnes ≈ 11.02 tons
Practical approximation: For rough estimates, 1 ton ≈ 0.9 tonnes, or 1 tonne ≈ 1.1 tons.
Where is the US ton used?
The US ton (short ton) is primarily used in the United States for:
Industries and applications:
- Transportation: Trucking regulations, vehicle weight ratings (GVWR)
- Construction: Pricing gravel, sand, concrete, steel by the ton
- Waste management: Landfill fees, recycling tonnages
- Shipping: Domestic cargo weights, freight billing
- Agriculture: Crop yields, livestock feed, commodity trading
- Mining: Coal production, ore extraction
- Manufacturing: Steel, cement, paper production
International use: Almost all other countries use metric tonnes (1,000 kg) instead of US tons. The US is the only major economy still using short tons as the primary heavy-weight standard.
Trade caution: International shipping and trade contracts typically specify metric tonnes to avoid confusion between US tons, long tons, and metric tonnes.
What does "half-ton truck" mean?
"Half-ton truck" is a historical classification for light-duty pickup trucks, not a precise measurement of payload capacity.
Traditional meaning: Originally, "half-ton" meant the truck could carry approximately 1,000 lb (0.5 ton) payload.
Modern reality: Today's "half-ton" trucks (Class 2A) typically have payload capacities of 1,500-2,500 lb (0.75-1.25 tons)—often exceeding the historical "half-ton" rating.
Common "half-ton" models:
- Ford F-150
- Chevrolet Silverado 1500
- Ram 1500
- Toyota Tundra
- Nissan Titan
Other truck classifications:
- Half-ton (Class 2A): ~6,000-7,000 lb GVWR, ~1,500-2,000 lb payload
- Three-quarter-ton (Class 2B): ~8,500-10,000 lb GVWR, ~2,500-3,500 lb payload
- One-ton (Class 3): ~10,000-14,000 lb GVWR, ~3,000-4,500 lb payload
Important: Always check the vehicle's GVWR (Gross Vehicle Weight Rating) and payload capacity listed on the door jamb sticker or owner's manual, not the truck's name.
How much does a ton of gravel weigh?
This question seems circular, but it's asking about volume-to-weight relationship:
By definition: 1 ton of gravel = 2,000 pounds (that's what "ton" means)
But the real question is: How much volume (cubic yards)?
Volume equivalence:
- 1 ton of gravel ≈ 0.60-0.75 cubic yards (depending on gravel type and compaction)
- Loose gravel: 1 ton ≈ 0.75 cubic yards
- Compacted gravel: 1 ton ≈ 0.60 cubic yards
Reverse:
- 1 cubic yard of gravel ≈ 1.3-1.7 tons (2,600-3,400 lb depending on type)
Gravel types and density:
- Pea gravel: ~1.3 tons per cubic yard (lighter)
- Crushed stone: ~1.5 tons per cubic yard (typical)
- Dense granite: ~1.7 tons per cubic yard (heavier)
Practical example: If you need to cover a driveway area of 10 cubic yards, you'll need approximately 13-15 tons of gravel (10 yd³ × 1.3-1.5 tons/yd³).
What is the federal truck weight limit in tons?
The federal limit for trucks on interstate highways in the United States is:
80,000 pounds gross vehicle weight = 40 tons
This includes:
- Truck/tractor weight (tare weight)
- Trailer weight (tare weight)
- Cargo weight (payload)
- Fuel, driver, equipment
Axle limits:
- Single axle: 20,000 lb (10 tons) maximum
- Tandem axle: 34,000 lb (17 tons) maximum
- Total gross: 80,000 lb (40 tons) maximum
Bridge formula: The federal bridge formula determines allowable weight based on number of axles and spacing, which may further limit weight on shorter wheelbases.
State variations:
- Some states allow higher weights on specific routes (e.g., Michigan allows up to 164,000 lb / 82 tons with 11 axles)
- Permits: Overweight permits available for specialized hauling (heavy equipment, modular homes)
Violations: Fines for overweight trucks typically $0.10-$0.20 per pound over limit, escalating for serious violations.
How many tons can a dump truck carry?
Dump truck capacity varies by size and type:
Small dump trucks (single-axle):
- Payload: 5-8 tons (10,000-16,000 lb)
- Examples: Small commercial dumps, landscape trucks
- Typical load: 4-6 cubic yards material
Standard dump trucks (tandem-axle):
- Payload: 10-15 tons (20,000-30,000 lb)
- Examples: Construction dump trucks, municipal trucks
- Typical load: 8-12 cubic yards material
Tri-axle dump trucks:
- Payload: 15-18 tons (30,000-36,000 lb)
- Examples: Heavy construction, aggregate hauling
- Typical load: 12-15 cubic yards material
Transfer dump trucks (multi-axle):
- Payload: 20-26 tons (40,000-52,000 lb)
- Examples: Long combination vehicles, specialized hauling
- Typical load: 16-20 cubic yards material
Limitations:
- Federal limit: 80,000 lb (40 tons) gross vehicle weight
- Truck weight: Tare weight typically 15,000-30,000 lb (7.5-15 tons)
- Net payload: Actual cargo capacity = 40 tons minus truck weight
Material matters: Volume capacity depends on material density (sand ~1.5 tons/yd³, mulch ~0.4 tons/yd³).
What does "tonnage" mean in shipping?
In maritime shipping, "tonnage" can mean several different measurements:
1. Gross Tonnage (GT):
- Volume measurement of ship's entire internal space
- Not weight: Measured in "register tons" (100 cubic feet = 1 register ton)
- Usage: Ship classification, port fees, regulations
- Example: "Cargo ship: 50,000 GT"
2. Deadweight Tonnage (DWT):
- Weight measurement of cargo, fuel, crew, provisions ship can carry
- Actual weight capacity (what most people think of as "tonnage")
- Measured in: Metric tonnes (1,000 kg) internationally, sometimes US tons domestically
- Example: "Bulk carrier: 80,000 DWT" (can carry 80,000 tonnes cargo)
3. Displacement Tonnage:
- Total weight of ship (including ship structure + cargo + fuel + everything)
- Equals weight of water displaced by ship (Archimedes' principle)
- Usage: Naval vessels, ship design
- Example: "Aircraft carrier: 100,000 tons displacement"
4. Net Tonnage (NT):
- Volume of cargo spaces only (excludes engine room, crew quarters)
- Usage: Port fees, canal tolls (based on revenue-generating space)
Modern practice: International shipping primarily uses metric tonnes for weight measurements, while US domestic shipping may use US short tons.
Conversion Table: Troy Ounce to Ton (US)
| Troy Ounce (oz t) | Ton (US) (ton) |
|---|---|
| 0.5 | 0 |
| 1 | 0 |
| 1.5 | 0 |
| 2 | 0 |
| 5 | 0 |
| 10 | 0 |
| 25 | 0.001 |
| 50 | 0.002 |
| 100 | 0.003 |
| 250 | 0.009 |
| 500 | 0.017 |
| 1,000 | 0.034 |
People Also Ask
How do I convert Troy Ounce to Ton (US)?
To convert Troy Ounce to Ton (US), 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 Ton (US)?
The conversion factor depends on the specific relationship between Troy Ounce and Ton (US). 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 Ton (US) back to Troy Ounce?
Yes! You can easily convert Ton (US) back to Troy Ounce by using the swap button (⇌) in the calculator above, or by visiting our Ton (US) 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 Ton (US)?
Troy Ounce and Ton (US) 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.
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⚖️ Metric vs Imperial
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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
- Pound (lb) • Troy Ounce to Pound
- Ounce (oz) • Troy Ounce to Ounce
- Stone (st) • Troy Ounce to Stone
- Ton (metric) (t) • Troy Ounce to Ton (metric)
- 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