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Sunday, January 31, 2010

What is Gold Price Per Pennyweight

Another common question that comes up is how much is a pennyweight (DWT) worth. Pennyweight is a fraction of an ounce. There are 20 pennyweights to one ounce. So take the reported price of gold and divide it by 20 to get the current gold price per pennyweight.

In Gold We Trust Coin Bullion and Scrap Gold Calculator is an online tool to give you up to the minute values of all gold coins, junk silver coins, silver bullion, platinum coins and jewelry.


Ronald said...


I read your post. The scrap gold price per pennyweight is based on the current price of gold, the percentage of gold in the alloy and the weight of the gold. Scrap gold needs additional calculations because it is not 100% pure gold but made up of base metals.Thanks lot...

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