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Are AOCS Silver pieces denominated in troy or standard ounces and what is the difference?

April 26, 2017aocs denominated difference ounces pieces Silver standard Troy

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Are AOCS Silver pieces denominated in troy or standard ounces and what is the difference?

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The standard for the precious metals industry is to measure Silver and Gold pieces in troy ounces. The difference between troy ounces and standard ounces is that there are 12 troy ounces in a troy pound 16 standard ounces in a standard pound.