Convert Pennyweight (pwt) to Pound (Troy) (lb t) instantly.
About these units
Pennyweight (pwt)
The pennyweight, equal to 1/20 of a troy ounce or 1.55517384 grams, is a unit used primarily in the precious metals and jewelry industries. Its origins lie in medieval English coinage, when the weight of silver pennies provided a practical standard for small masses. Jewelers continue to use the pennyweight because many traditional pricing structures and metalworking conventions are built around troy-based subdivisions. For gold, silver, and dental alloys, the pennyweight remains easier to work with than grams due to long-established norms. Even though the metric system is now dominant scientifically, the pennyweight persists because industries tied to history—especially those involving money and precious goods—tend to maintain deeply rooted practices.
Pound (Troy) (lb t)
The troy pound, equal to 12 troy ounces or 373.2417216 grams, is used almost exclusively in the precious metals trade. Unlike the avoirdupois pound used for everyday goods (16 ounces), the troy pound is optimized for precious materials such as gold, silver, and platinum. This system's origins trace back to medieval trade fairs in Troyes, France, a major commercial hub. Merchants needed a consistent unit to prevent fraud and facilitate international trading, especially for valuable metals. Today, although rarely encountered by the general public, the troy pound remains fundamental in metals pricing, refining, and numismatics. It provides continuity in a highly traditional economic sector where consistency over centuries is crucial.