We explain it: how many grams are in a troy ounce of silver?
How many grams are in a troy ounce of silver?
Most people in the United States are used to pounds or pennyweights but when it comes to convert a troy ounce to grams many people are uncertain. In general it is very easy to answer the question “How many grams are in a troy ounce of silver?” because the conversion follows a logical system.
One troy ounce equals exactly 31.1034768 grams. Troy ounces are very important when it comes to evaluate silver coins or silver bars. If you understand the weight of coins, bars or ingots you also understand how pricing works. You are than able to determine if you either sell for a fair price of if you buy reasonable. Let us help you to understand weighing silver.
Sell Your Silver To Us
If you are doing a research because you have plans to sell silver, reDollar.com is the perfect place to sell. We are well known to pay the highest prices for silver coins, silver bars, silver jewelry, silver watches or even scrap silver.
1 Troy Ounce Of Silver
How many grams are in a troy ounce of silver?
A troy ounce is a unit of weight usually used for precious metals. A troy ounce equals exactly the Apothecaries ounce and weighs 31.1034768 grams. Usually, people who search for grams in a silver troy ounce either have plans to buy or sell silver. In that case it is also interesting to learn that some coins contain 1 troy ounce of fine silver but weigh even more. This applies to many coins and medals actually made of .925 sterling silver but containing exactly one troy ounce of pure silver. Therefore the gross weight is depending on the purity more than 31.103 grams but the net weight of pure silver is still 31.103 grams.
Sell your silver to us
We pay amazingly high prices for any type of silver: coins, bars, scrap silver, silverware and even granules can sell for top dollars with us.
How many grams are in a troy ounce of silver?
As you learned before, a troy ounce weighs 31.103 grams but now you probably want to know even more. The next step after understanding the weight is understanding pricing. We have three different price types for silver: the stock market price, the price for buying silver and the price for selling silver. A reliable silver buyer or silver seller will always provide you good deals in the range of 5% to 10% below or above the stock market price.
We recommend
- Not to sell for less than 90% of the current silver stock market price
- Not to buy for more than 110% of the current silver stock market price
Current silver price situation
Current Silver Stock Market Price: $29.56 per troy ounce
Current Recommendation for Selling: $28.11 per troy ounce
Current Recommendation for Buying: $32.55 per troy ounce