Pennyweights to Troy Ounces calculator

Pennyweights

A pennyweight (abbreviated dwt, from denarius weight) is a unit of mass that is equal to 24 grains, 1⁄20 of a troy ounce, 1⁄240 of a troy pound, approximately 0.054857 avoirdupois ounce and exactly 1.55517384 grams.

Source: Wikipedia

Troy Ounces

Troy weight is a system of units of mass customarily used for precious metals and gemstones. One troy ounce (abbreviated "t oz" or "oz t") is equal to 31.1034768 grams, (or about 1.0971 oz. avoirdupois, the "avoirdupois" ounce being the most common definition of an "ounce" in the US).

Source: Wikipedia

Pennyweights to Troy Ounces Conversion Table

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  Troy Ounce (31.10 grams)

  Troy weight is a system of units of mass customarily used for precious metals and gemstones. One troy ounce (abbreviated "t oz" or "oz t") is equal to 31.1034768 grams, (or about 1.0971 oz. avoirdupois, the "avoirdupois" ounce being the most common definition of an "ounce" in the US). There are only 12 troy ounces per troy pound, rather than the 16 ounces per pound found in the more common avoirdupois system. However, the avoirdupois pound has 7000 grains whereas the troy pound has only 5760 grains (i.e. 12 × 480 grains). Both systems use the same grain defined by the international yard and pound agreement of 1959 as 0.06479891 grams. Therefore, the troy ounce is 480 grains or 31.10 grams, compared with the avoirdupois ounce, which is 437.5 grains or 28.35 grams. The troy ounce, then, is about 10% heavier (ratio 192/175) than the avoirdupois ounce. Although troy ounces are still used to weigh gold, silver, and gemstones, troy weight is no longer used in most other applications. One troy ounce of gold is denoted with the ISO 4217 currency code XAU, while one troy ounce of silver is denoted as XAG.
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  Pennyweight (1.5552 gram)

  The pennyweight symbol is dwt. There are 24 grains in 1 dwt, and 20 dwt in one troy ounce. Because there were 12 troy ounces in the old troy pound, there would have been 240 pennyweights to the pound—the basis of the fact that the old British pound sterling of currency contained 240 pence. (However, prior to 1526, English pound sterling was based on the tower pound, which is 15⁄16 of a troy pound.) The d in dwt stands for denarius, the ancient Roman coin, referred to in the New Testament, that equates loosely to a penny. The symbol d for penny can be recognized in the notation for British pre-decimal pennies, in which pounds, shillings, and pence were indicated using the symbols £, s, and d, respectively. For example, £6 11s 8d indicated six pounds, eleven shillings, and eight pence.