Is Gold and Silver bought by the Gram, Pennyweight (DWT) or Ounce? - Tulsa Gold and Gems

Gram, Pennyweight (DWT) and Ounce are different measuring standards used to weight precious metals.

Each standard can be converted to the other using a conversion formula.

Typically we convert our measurements into Grams when informing you how much your items weigh.

Grams is a more appropriate measurement for items such as jewelry.

NOTE: Many of our competitors and online metal buyers use the various measurements to mislead the client.

Pennyweight is a measurement often advertised since the price per Pennyweight yields a higher payout. What is often unknown to the client is 1 Pennyweight is a fraction of a Gram. Since jewelry and miscellaneous items of Gold rarely equal 1 Pennyweight we consider it to be an inappropriate measuring standard for small items with little weight.

To get an idea of how much we will pay you for your items please visit our Gold Calculator page.

 

Source: Tulsa Gold & Gems, INC.

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