One of the mysteries of the English language finally explained.
A system of weights used mainly for precious metals and gems, with a pound of 12 ounces or 5,760 grains.as modifier ‘gold closed at $332.5 a troy ounce’Compare with avoirdupoispostpositive ‘pounds troy’
- ‘One troy pound weighs 373.25 g and is subdivided into troy ounces, pennyweight and grains (gr, 24 in a pennyweight).’
- ‘They are shares that move in line with the gold price; a share is equivalent to a tenth of a troy ounce of gold.’
- ‘Gold had a glittering year, up nearly 6% to $452.85 a troy ounce at the end of November, as investors frightened by the dollar's slide scrambled to secure this so-called safe haven.’
- ‘The troy and apothecary systems have pounds that are only 5,250 grains.’
- ‘My personal estimate is that this might price monetary-reserve gold at somewhere between US $800 and US $1,000 a troy ounce; I may be underestimating the price, but the estimate illustrates the point.’
Late Middle English: from a weight used at the fair of Troyes (see Troyes).
(in Homeric legend) the city of King Priam, besieged for ten years by the Greeks during the Trojan War. It was regarded as having been a purely legendary city until Heinrich Schliemann identified the mound of Hissarlik on the north-east Aegean coast of Turkey as the site of Troy. The city was apparently sacked and destroyed by fire in the mid 13th century BC, a period coinciding with the Mycenaean civilization of Greece.Also called Ilium
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