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Old 09-05-2013, 10:55 PM   #1 (permalink)
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Default ounce vs. troy ounce

I've been looking at some pamp Suisse bars. I see some just say ounce on the bar while others say "troy ounce"

question for the experts: is one better than the other? What is the difference?

I apologize in advance if this has been asked before.
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Old 09-06-2013, 03:36 AM   #2 (permalink)
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All precious metals are measured in troy oz.
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Old 09-06-2013, 07:36 AM   #3 (permalink)
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so the troy ounce bars are the better bars to get?
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Old 09-06-2013, 10:06 AM   #4 (permalink)
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1 troy ounce = 31.1 grams
1 ounce = 28.3 grams
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Old 09-06-2013, 10:06 AM   #5 (permalink)
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Quote:
Originally Posted by blackbears86 View Post
so the troy ounce bars are the better bars to get?

I think you may be confused, or maybe I am? The word ounce (troy or otherwise) on the coin/bar should be weighed in troy ounces.

A "US ounce" is 28.3495 grams or 437.5 grains
A "Troy ounce" is 31.1034 grams or 480 grains

the conversion is 1 US ounce = .911 troy ounces

The one thing to watch out for is the quality of the silver content. Most bars are .999 quality or basically all silver. US minted coins can be 35%-90% silver by weight, depending on the coin and the mint year. Sterling silver (little stautes, candleholders, true "silverware", etc) is 92.5% quality.

Might be more than you were looking for but hope that helps.
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Old 09-06-2013, 10:30 AM   #6 (permalink)
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And be extremely careful buying PAMP bars a huge majority of them are fake. Dont buy them on ebay. I would suggest Apmex, for any PAMP bars, but there are a lot better refiners anyway.
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Old 09-06-2013, 08:24 PM   #7 (permalink)
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Originally Posted by a900series View Post
I think you may be confused, or maybe I am? The word ounce (troy or otherwise) on the coin/bar should be weighed in troy ounces.

A "US ounce" is 28.3495 grams or 437.5 grains
A "Troy ounce" is 31.1034 grams or 480 grains

the conversion is 1 US ounce = .911 troy ounces

The one thing to watch out for is the quality of the silver content. Most bars are .999 quality or basically all silver. US minted coins can be 35%-90% silver by weight, depending on the coin and the mint year. Sterling silver (little stautes, candleholders, true "silverware", etc) is 92.5% quality.

Might be more than you were looking for but hope that helps.


This was exactly what I was looking for. thank you!

so all things considered equal, since a troy ounce weighs more than an ounce, the troy ounce bar/coin should carry a small premium compared to the non-troy ounce bar/coin. Correct?

Just trying to figure this whole thing out since I just started getting into this.
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Old 09-06-2013, 08:27 PM   #8 (permalink)
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And be extremely careful buying PAMP bars a huge majority of them are fake. Dont buy them on ebay. I would suggest Apmex, for any PAMP bars, but there are a lot better refiners anyway.
good to know. So far, Have only bought from Scottsdale silver, and I have been looking at ampex, but I don't like the shipping costs.

What are some of the refiners you like/prefer?
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Old 09-06-2013, 09:45 PM   #9 (permalink)
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On a slightly different topic, i've seen .999 & .9999 on silver. Is that a significant difference?
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Old 09-06-2013, 11:05 PM   #10 (permalink)
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Good question...I usually see .9999 for coins/bullions from Canada. HOW COME?
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Old 09-06-2013, 11:20 PM   #11 (permalink)
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On a slightly different topic, i've seen .999 & .9999 on silver. Is that a significant difference?


not really much difference if you ask me...its a scam to get a higher premium lol

99.9% silver (.999 fine) has total allowable impurities of 1000 ppm,
99.99% silver (.9999 fine) has total allowable impurities of 100 ppm,
99.999% silver (.99999 fine) has total allowable impurities of 10 ppm


its just a way to jack up the premiums so uneducated buyers think they are paying for something special in my opinion...your talking pennies more in value lol

Last edited by jerryw; 09-06-2013 at 11:26 PM.
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Old 09-07-2013, 01:07 AM   #12 (permalink)
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Originally Posted by jerryw View Post
not really much difference if you ask me...its a scam to get a higher premium lol

99.9% silver (.999 fine) has total allowable impurities of 1000 ppm,
99.99% silver (.9999 fine) has total allowable impurities of 100 ppm,
99.999% silver (.99999 fine) has total allowable impurities of 10 ppm


its just a way to jack up the premiums so uneducated buyers think they are paying for something special in my opinion...your talking pennies more in value lol
my guy jerryw knows all about silver. he da man with the silver hand. lol.
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Old 09-07-2013, 09:18 AM   #13 (permalink)
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Quote:
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1 troy ounce = 31.1 grams
1 ounce = 28.3 grams
so back to my question: should I just buy troy ounce bars and coins or is the difference really negligible between the two?
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Old 09-07-2013, 09:22 AM   #14 (permalink)
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Coins, especially from some of the more popular countries always carry a premium because they are CURRENCY. Precious metals collectors AND coin collectors will bid on currency. Bars are usually only sought after by precious metals speculators.

Correct me if I'm wrong.
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Old 09-07-2013, 09:39 AM   #15 (permalink)
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Originally Posted by blackbears86 View Post
good to know. So far, Have only bought from Scottsdale silver, and I have been looking at ampex, but I don't like the shipping costs.

What are some of the refiners you like/prefer?
It all depends on why you are buying silver. If it is to collect, then PAMP is great. If it is because you think the US economy is going to hell, then stick with cheaper premium items, if you need to sell in a hurry, you will have an easier time moving bars you paid spot+.99 for instead of the PAMP bars at spot +10.00.
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Old 09-07-2013, 09:43 AM   #16 (permalink)
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Originally Posted by blackbears86 View Post
so back to my question: should I just buy troy ounce bars and coins or is the difference really negligible between the two?
PM's are only sold by troy ounce, where do you see bars that are sold by the
Avoirdupois ounce, they are fake. And just to clarify not all companies list their bars as troy ounce(on the bar) for example Sunshine(the producer of blanks for the US govt) only put 1 ounce(but it is troy ounce), if you see Silver or gold(or any other PM) weighing 28 grams for a ounce piece, run away.
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Old 09-07-2013, 09:45 AM   #17 (permalink)
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Originally Posted by CP3toOKC View Post
On a slightly different topic, i've seen .999 & .9999 on silver. Is that a significant difference?
Absolutely Not! No difference in pricing either, Now Fine Silver .999 and Sterling .925 yes their is a big enough difference to affect price and people who would be willing to buy.
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Old 09-07-2013, 09:49 AM   #18 (permalink)
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Quote:
Originally Posted by rudyjustinfarrell View Post
Coins, especially from some of the more popular countries always carry a premium because they are CURRENCY. Precious metals collectors AND coin collectors will bid on currency. Bars are usually only sought after by precious metals speculators.

Correct me if I'm wrong.
You are partially correct , They also will carry a premium(if in good shape) becuase usually they are not being minted anymore, where bars are made everyday. Also some coins are key dates(low mintage numbers) and worth alot due to rarity. I have found 2 differents pennies while searching through rolls. 1 a 1909-VDB is worth $5 or so, the other coin a 1909s-VDB is worth around $1,000. One only has a mintage of 500,000 or so(1909s-VDB), and the other around 34 million.
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Old 09-07-2013, 08:40 PM   #19 (permalink)
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I really like this hobby...very interesting and always changing!

I guess I'm going to stick to troy ounce for now....
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