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Author Topic: Purchasing gold on Coinabul: 1 Troy Oz ≠ 1oz!  (Read 704 times)
Mitchow
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August 01, 2012, 10:51:22 PM
 #1

Let's first establish the difference between an Ounce and a Troy Ounce:

1 oz = 0.911458333 Troy oz

Take a look at the screen shot below. On the navigation bar, I chose to view the 1 Troy Oz Gold options. The first item on the list is a Gold Coin weighing 1 Troy Oz, that's understandable.

The following two bars however, Credit Suisse & Perth Mint, do those also weight 1 Troy Oz? I realize that it does say Credit Suisse - 1 ounce bar, but I just need confirmation that it is truly a whole oz.



Hearing from Coinabul himself would fully clear my worry, but if anyone's purchased an oz of gold in the form of a bar and can let me know, that would work too.

Thank you.
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ShireSilver
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August 01, 2012, 11:24:30 PM
 #2

Yep, for silver and gold, hen people say ounce, they mean troy ounce.

For copper and other non-precious metals, and ounce is avoirdupois.

Ounces are stupid. Grams FTW!

Shire Silver, a better bullion that fits in your wallet. Get some, now accepting bitcoin!
Mitchow
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August 02, 2012, 12:14:35 AM
 #3

Yep, for silver and gold, hen people say ounce, they mean troy ounce.

For copper and other non-precious metals, and ounce is avoirdupois.

Ounces are stupid. Grams FTW!

Ah, so in regards to precious metals, 1 ounce is really 1 troy ounce. Thank you very much for clarifying that with me.
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August 02, 2012, 10:50:53 PM
 #4

Hi Mitchow,

Yes, all our ounces are troy ounces.

I'm redoing product descriptions, so I'll add that specification.

Thanks,
-Jon

Coinabul.com - Gold Unbarred
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