What is DWT when I Sell Gold?

Q.  I went to sell gold to Gold Solutions of Fort Myers.  When I was there they weighed my gold in DWT.  This is not grams, ounces or pounds.  What is this measurement?

Bob,

A.  Hello Bob and its good to hear from you.  Sorry we did not answer this while you were here. 

The answer is “Dead Weight Tonnage”.  The term came from the Middle Ages when the British penny weighed one DWT which is 24 grains or 1/20^th of a Troy ounce.  It was how they measured cargo ships draft.

Who knew this answer?  Be truthful!

Kevin Robbins;   Gold Solutions

http://www.goldsolutionsoffortmyers.com/contact.html#.USU3PFojpws

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