silverflake wrote:Please help. Newbie here. OK, I know a 1 ounce silver or gold bullion piece is 31.1 grams and that a troy pound of silver and/or gold is 12 ounces (correct that if I am wrong). So, is copper measured the same way? In other words, does $4/pound of copper mean that it's $4 for 12 troy ounces, each ounce weighing 31.1 grams? If this is not right, please let me know. And yes, I do realize that a pound in the day-to-day english system is SIXTEEN ounces (not twelve) and that an ounce is 28.35 grams. Thanks to anybody and everybody.
There is some confusion and scamming out there on troy lb versus regular lb it seems.
Check this auction out:
http://cgi.ebay.com/1-POUND-999-FINE-CO ... 4cf3e71861On another note wow look at some of the prices on 1 OZ rounds and 1 lb bars.
Some are paying $2.50 an oz for rounds. thats $40 a lb for copper!
Granted they are pretty and collectible, but someone is going to lose on a deal like that.